Market Overview:
The global lightweight vehicles market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fuel-efficient and environment-friendly vehicles. Additionally, the growing awareness about the benefits of using lightweight materials in vehicles is also contributing to the growth of this market. The passenger cars segment is expected to account for a major share of the global lightweight vehicles market during the forecast period. This segment is anticipated to grow at a CAGR of 7% during 2018-2030 owing to rising consumer preference for fuel-efficient and environment-friendly cars across regions. The sports cars segment is projected witness highest growth rate over next 10 years on account high adoption rates in developed countries such as U.S., Germany, Japan, etc.
Product Definition:
Lightweight vehicles are those that have been designed with a reduced weight in mind. This can be accomplished through the use of lighter materials, or by reducing the size and complexity of individual components. The benefits of using lightweight vehicles include improved fuel economy, increased performance, and reduced emissions.
Passenger Cars:
Passenger cars are the most common type of vehicles that are used for transportation. They have a seating capacity of no more than eight persons, usually it is less than that. The growth factor in the lightweight vehicle market is passenger cars as they account for a large share in terms of volume and revenue globally. Also, increasing demand from emerging economies such as China and India will boost market growth over the forecast period.
Sports Cars:
Sports cars are high-performance automobiles with a seating capacity of less than 508 cm3. They are built for speed and usually have four wheels. The performance ratio is higher than regular cars due to the lightweight construction of sports cars.
The global Sports Cars and it’s usage in Lightweight Vehicles market was valued at USD 5,700 million in 2015 owing to increasing demand from the U.S.
Application Insights:
The market is segmented by application into light commercial vehicles, light household vehicles and sports cars. The Ligh Commercial Vehicles segment accounted for the largest share in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing demand for trucks, vans and buses from public transport agencies as well as private companies operating across various industries.
The Light Household Vehicle (LHV) segment also holds considerable potential owing to growing urbanization in developing countries such as India, China Japan etc., which has resulted in increased spending on automobiles that fulfill the basic requirements of transportation such as seating capacity with high maneuverability.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 60% in 2017 and is expected to continue its dominance over the next eight years. This can be attributed to increasing disposable income, especially in developing countries such as India and China. Moreover, supportive government policies encouraging investments from domestic manufacturers are likely to boost sales across this region during the forecast period.
The European market was valued at USD X million in 2017 owing to high demand from several key markets including Germany and France coupled with increased production facilities set up by major players across this region. North America held a significant share of global lightweight vehicles market due to growing preference for fuel-efficient vehicles along with stringent CAFE regulations implemented by U.S.
Growth Factors:
- Increasing demand for fuel-efficient and environment-friendly vehicles
- Rising disposable income of consumers in developing countries
- Proliferation of ride-sharing services and increasing urbanization
- Technological advancements in lightweight vehicle manufacturing processes 5. Growing popularity of electric and hybrid vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Lightweight Vehicles Market Research Report
By Type
Passenger Cars, Sports Cars
By Application
Light Commercial Vehicles, Light Household Vehicles
By Companies
Toyota, Volkswagen, Ford, Hyundai, Nissan, General motors, Honda, FCA, Ferrari, Lamborghini, Mazda, Lotus Cars
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Lightweight Vehicles Market Report Segments:
The global Lightweight Vehicles market is segmented on the basis of:
Types
Passenger Cars, Sports Cars
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light Commercial Vehicles, Light Household Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toyota
- Volkswagen
- Ford
- Hyundai
- Nissan
- General motors
- Honda
- FCA
- Ferrari
- Lamborghini
- Mazda
- Lotus Cars
Highlights of The Lightweight Vehicles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Passenger Cars
- Sports Cars
- By Application:
- Light Commercial Vehicles
- Light Household Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lightweight Vehicles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lightweight vehicles are typically defined as those that weigh less than 4,500 pounds. This weight limit is intended to help reduce fuel consumption and emissions, while also making the vehicle easier to maneuver in tight spaces.
Some of the key players operating in the lightweight vehicles market are Toyota, Volkswagen, Ford, Hyundai, Nissan, General motors, Honda, FCA, Ferrari, Lamborghini, Mazda, Lotus Cars.
The lightweight vehicles market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lightweight Vehicles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lightweight Vehicles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lightweight Vehicles Market - Supply Chain
4.5. Global Lightweight Vehicles Market Forecast
4.5.1. Lightweight Vehicles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lightweight Vehicles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lightweight Vehicles Market Absolute $ Opportunity
5. Global Lightweight Vehicles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lightweight Vehicles Market Size and Volume Forecast by Type
5.3.1. Passenger Cars
5.3.2. Sports Cars
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lightweight Vehicles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lightweight Vehicles Market Size and Volume Forecast by Application
6.3.1. Light Commercial Vehicles
6.3.2. Light Household Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lightweight Vehicles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lightweight Vehicles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lightweight Vehicles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lightweight Vehicles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lightweight Vehicles Demand Share Forecast, 2019-2026
9. North America Lightweight Vehicles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lightweight Vehicles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lightweight Vehicles Market Size and Volume Forecast by Application
9.4.1. Light Commercial Vehicles
9.4.2. Light Household Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lightweight Vehicles Market Size and Volume Forecast by Type
9.7.1. Passenger Cars
9.7.2. Sports Cars
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lightweight Vehicles Demand Share Forecast, 2019-2026
10. Latin America Lightweight Vehicles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lightweight Vehicles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lightweight Vehicles Market Size and Volume Forecast by Application
10.4.1. Light Commercial Vehicles
10.4.2. Light Household Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lightweight Vehicles Market Size and Volume Forecast by Type
10.7.1. Passenger Cars
10.7.2. Sports Cars
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lightweight Vehicles Demand Share Forecast, 2019-2026
11. Europe Lightweight Vehicles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lightweight Vehicles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lightweight Vehicles Market Size and Volume Forecast by Application
11.4.1. Light Commercial Vehicles
11.4.2. Light Household Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lightweight Vehicles Market Size and Volume Forecast by Type
11.7.1. Passenger Cars
11.7.2. Sports Cars
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lightweight Vehicles Demand Share, 2019-2026
12. Asia Pacific Lightweight Vehicles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lightweight Vehicles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lightweight Vehicles Market Size and Volume Forecast by Application
12.4.1. Light Commercial Vehicles
12.4.2. Light Household Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lightweight Vehicles Market Size and Volume Forecast by Type
12.7.1. Passenger Cars
12.7.2. Sports Cars
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lightweight Vehicles Demand Share, 2019-2026
13. Middle East & Africa Lightweight Vehicles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lightweight Vehicles Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lightweight Vehicles Market Size and Volume Forecast by Application
13.4.1. Light Commercial Vehicles
13.4.2. Light Household Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lightweight Vehicles Market Size and Volume Forecast by Type
13.7.1. Passenger Cars
13.7.2. Sports Cars
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lightweight Vehicles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lightweight Vehicles Market: Market Share Analysis
14.2. Lightweight Vehicles Distributors and Customers
14.3. Lightweight Vehicles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toyota
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Volkswagen
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ford
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hyundai
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nissan
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General motors
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Honda
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. FCA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ferrari
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lamborghini
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mazda
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lotus Cars
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
