Replacing cast iron and traditional steel components with lightweight materials such as high-strength steel, magnesium (Mg) alloys, aluminum (Al) alloys, carbon fiber, and polymer composites can directly reduce the weight of a vehicle's body and chassis by up to 50 percent. This is essential to improve the fuel economy of modern vehicles while maintaining safety and performance, effectively improving vehicle efficiency.
Replacing cast iron and traditional steel components with lightweight materials such as high-strength steel, magnesium (Mg) alloys, aluminum (Al) alloys, carbon fiber, and polymer composites can directly reduce the weight of a vehicle's body and chassis by up to 50 percent. This is essential to improve the fuel economy of modern vehicles while maintaining safety and performance, effectively improving vehicle efficiency.
Market Analysis and Insights: Global Automobile Lightweight Components Market
The global Automobile Lightweight Components market was valued at US$ XX in 2020 and will reach US$ XX million by the end of 2027, growing at a CAGR of XX% during 2022-2027.
Global Automobile Lightweight Components Scope and Market Size
The global Automobile Lightweight Components market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automobile Lightweight Components market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
High Strength Steel
Aluminum
Magnesium
Composite Materials
Plastic
Segment by Application
Passenger Cars
Commercial Vehicles
The Automobile Lightweight Components market is analysed and market size information is provided by regions (countries). Segment by Application, the Automobile Lightweight Components market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Plastic Omnium
Toyoda Gosei
Nemak
BHAP
Alcan
Nippon Light Metal
Suntown Group
YFPO
Dura Automotive
Roechling
Continental Structural Plastics
Constellium
Summary:
Get latest Market Research Reports on Automobile Lightweight Components. Industry analysis & Market Report on Automobile Lightweight Components is a syndicated market report, published as Global Automobile Lightweight Components Sales Market Report 2021. It is complete Research Study and Industry Analysis of Automobile Lightweight Components market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.