Vehicle light weighting is an idea in the automobile business about structure vehicles and trucks that are less heavy as an approach to accomplish better fuel efficiency and handling. Carmakers make parts from carbon fibre, windshields from plastic, and bumper out of aluminium foam, as approaches to reduce vehicle load. The use of these materials is selected on the basis of their price, lightweight ability, ultimately, processing or consumption limitations. Advanced lightweight technologies help to improve automotive fuel consumption and guarantee safety and performance. Usage of lightweight materials reduces emissions by nearly 0.08g CO2/Kg, as with launching of battery electric vehicle, which boosts application of light weighting technology in automotive systems.
This report contains market size and forecasts of Vehicle Light Weighting Technologies in Global, including the following market information:
Global Vehicle Light Weighting Technologies Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Vehicle Light Weighting Technologies market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Material Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Vehicle Light Weighting Technologies include BASF SE, Covestro AG, Toray Industries, Inc., ArcelorMittal, ThyssenKrupp AG, 3M, Toyota, General Motors and Tata Steel, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Vehicle Light Weighting Technologies companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vehicle Light Weighting Technologies Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Vehicle Light Weighting Technologies Market Segment Percentages, by Type, 2021 (%)
Material
Manufacturing Process
Global Vehicle Light Weighting Technologies Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Vehicle Light Weighting Technologies Market Segment Percentages, by Application, 2021 (%)
Electric Car
Fuel Car
Global Vehicle Light Weighting Technologies Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Vehicle Light Weighting Technologies Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vehicle Light Weighting Technologies revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Vehicle Light Weighting Technologies revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BASF SE
Covestro AG
Toray Industries, Inc.
ArcelorMittal
ThyssenKrupp AG
3M
Toyota
General Motors
Tata Steel
Honda Motor Co., Ltd.
DuPont