The global vehicle lightweighting market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for lightweight vehicles in order to reduce fuel consumption and CO2 emissions. The increasing demand for electric vehicles is also driving the growth of this market as they are lighter than conventional vehicles and require less energy for propulsion.
The aluminum segment is expected to lead the global vehicle lightweighting market during the forecast period, owing to its high strength-to-weight ratio and low cost compared with other materials such as carbon fiber or magnesium. Aluminum has been used extensively in automotive applications such as body panels, chassis components, interior components, powertrain components, and driveline & fuel systems due to its light weight properties that help reduce fuel consumption and CO2 emissions.
- The increasing demand for fuel-efficient vehicles is driving the growth of the vehicle lightweighting market.
- The increasing demand for electric vehicles is also driving the growth of the vehicle lightweighting market.
- The growing need to reduce CO2 emissions from transportation is also driving the growth of this market.
- Increasing government regulations on fuel efficiency and emissions are also driving this market's growth, as they mandate that automakers produce more fuel-efficient and low emission vehicles in order to meet these standards by 2025 or face fines or other penalties such as being banned from selling certain models in certain markets, which would be a huge blow to their business operations and profitability levels if they were unable to sell these models in those markets due to not meeting these standards by 2025, which would then lead them to invest more into research and development efforts related to vehicle lightweighting technologies in order to meet these standards by 2025 so that they can continue selling their products in those markets without facing any penalties or fines related thereto, which would then drive up demand for vehicle lightweighting technologies over time as a result thereof since automakers will be investing more into research and development efforts related thereto over time due to increased pressure from governments on this front going forward;.
- Increasing environmental awareness among consumers has led them towards purchasing lighter weight cars with better fuel efficiency ratings than heavier cars with lower fuel efficiency ratings, thereby leading them towards purchasing lighter weight cars with better fuel efficiency ratings than heavier cars with lower fuel efficiency ratings.
Industry Growth Insights published a new data on “Vehicle Lightweighting Market”. The research report is titled “Vehicle Lightweighting Market research by Types (Aluminum, Carbon Fibre, Magnesium, Plastics, Composites, Steel, Other), By Applications (Body & Exterior, Chassis, Interior, Powertrain, Driveline & Fuel Systems), By Players/Companies BASF, Arconic, Aleris Corporation, 3M, Benteler International, GF Casting Solutions, Freudenberg Group, Evonik, Coverstro, LyondellBasell Industries, Toray Industries, ArcelorMittal, Novelis”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Lightweighting Market Research Report
By Type
Aluminum, Carbon Fibre, Magnesium, Plastics, Composites, Steel, Other
By Application
Body & Exterior, Chassis, Interior, Powertrain, Driveline & Fuel Systems
By Companies
BASF, Arconic, Aleris Corporation, 3M, Benteler International, GF Casting Solutions, Freudenberg Group, Evonik, Coverstro, LyondellBasell Industries, Toray Industries, ArcelorMittal, Novelis
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Lightweighting Market Report Segments:
The global Vehicle Lightweighting market is segmented on the basis of:
Types
Aluminum, Carbon Fibre, Magnesium, Plastics, Composites, Steel, Other
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
Body & Exterior, Chassis, Interior, Powertrain, Driveline & Fuel Systems
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:
- BASF
- Arconic
- Aleris Corporation
- 3M
- Benteler International
- GF Casting Solutions
- Freudenberg Group
- Evonik
- Coverstro
- LyondellBasell Industries
- Toray Industries
- ArcelorMittal
- Novelis
Highlights of The Vehicle Lightweighting 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:
- Aluminum
- Carbon Fibre
- Magnesium
- Plastics
- Composites
- Steel
- Other
- By Application:
- Body & Exterior
- Chassis
- Interior
- Powertrain
- Driveline & Fuel Systems
- 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 Vehicle Lightweighting 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?
Vehicle lightweighting is the process of reducing the weight of a vehicle without sacrificing performance. This can be done by removing unnecessary components, using lighter materials, or by redesigning the vehicle to reduce its weight.
Some of the major players in the vehicle lightweighting market are BASF, Arconic, Aleris Corporation, 3M, Benteler International, GF Casting Solutions, Freudenberg Group, Evonik, Coverstro, LyondellBasell Industries, Toray Industries, ArcelorMittal, Novelis.
The vehicle lightweighting market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vehicle Lightweighting 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. Vehicle Lightweighting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vehicle Lightweighting Market - Supply Chain
4.5. Global Vehicle Lightweighting Market Forecast
4.5.1. Vehicle Lightweighting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vehicle Lightweighting Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vehicle Lightweighting Market Absolute $ Opportunity
5. Global Vehicle Lightweighting 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. Vehicle Lightweighting Market Size and Volume Forecast by Type
5.3.1. Aluminum
5.3.2. Carbon Fibre
5.3.3. Magnesium
5.3.4. Plastics
5.3.5. Composites
5.3.6. Steel
5.3.7. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vehicle Lightweighting 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. Vehicle Lightweighting Market Size and Volume Forecast by Application
6.3.1. Body & Exterior
6.3.2. Chassis
6.3.3. Interior
6.3.4. Powertrain
6.3.5. Driveline & Fuel Systems
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vehicle Lightweighting 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. Vehicle Lightweighting 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 Vehicle Lightweighting 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. Vehicle Lightweighting 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 Vehicle Lightweighting Demand Share Forecast, 2019-2026
9. North America Vehicle Lightweighting 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 Vehicle Lightweighting 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 Vehicle Lightweighting Market Size and Volume Forecast by Application
9.4.1. Body & Exterior
9.4.2. Chassis
9.4.3. Interior
9.4.4. Powertrain
9.4.5. Driveline & Fuel Systems
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vehicle Lightweighting Market Size and Volume Forecast by Type
9.7.1. Aluminum
9.7.2. Carbon Fibre
9.7.3. Magnesium
9.7.4. Plastics
9.7.5. Composites
9.7.6. Steel
9.7.7. Other
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 Vehicle Lightweighting Demand Share Forecast, 2019-2026
10. Latin America Vehicle Lightweighting 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 Vehicle Lightweighting 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 Vehicle Lightweighting Market Size and Volume Forecast by Application
10.4.1. Body & Exterior
10.4.2. Chassis
10.4.3. Interior
10.4.4. Powertrain
10.4.5. Driveline & Fuel Systems
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vehicle Lightweighting Market Size and Volume Forecast by Type
10.7.1. Aluminum
10.7.2. Carbon Fibre
10.7.3. Magnesium
10.7.4. Plastics
10.7.5. Composites
10.7.6. Steel
10.7.7. Other
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 Vehicle Lightweighting Demand Share Forecast, 2019-2026
11. Europe Vehicle Lightweighting 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 Vehicle Lightweighting 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 Vehicle Lightweighting Market Size and Volume Forecast by Application
11.4.1. Body & Exterior
11.4.2. Chassis
11.4.3. Interior
11.4.4. Powertrain
11.4.5. Driveline & Fuel Systems
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vehicle Lightweighting Market Size and Volume Forecast by Type
11.7.1. Aluminum
11.7.2. Carbon Fibre
11.7.3. Magnesium
11.7.4. Plastics
11.7.5. Composites
11.7.6. Steel
11.7.7. Other
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 Vehicle Lightweighting Demand Share, 2019-2026
12. Asia Pacific Vehicle Lightweighting 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 Vehicle Lightweighting 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 Vehicle Lightweighting Market Size and Volume Forecast by Application
12.4.1. Body & Exterior
12.4.2. Chassis
12.4.3. Interior
12.4.4. Powertrain
12.4.5. Driveline & Fuel Systems
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vehicle Lightweighting Market Size and Volume Forecast by Type
12.7.1. Aluminum
12.7.2. Carbon Fibre
12.7.3. Magnesium
12.7.4. Plastics
12.7.5. Composites
12.7.6. Steel
12.7.7. Other
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 Vehicle Lightweighting Demand Share, 2019-2026
13. Middle East & Africa Vehicle Lightweighting 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 Vehicle Lightweighting 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 Vehicle Lightweighting Market Size and Volume Forecast by Application
13.4.1. Body & Exterior
13.4.2. Chassis
13.4.3. Interior
13.4.4. Powertrain
13.4.5. Driveline & Fuel Systems
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vehicle Lightweighting Market Size and Volume Forecast by Type
13.7.1. Aluminum
13.7.2. Carbon Fibre
13.7.3. Magnesium
13.7.4. Plastics
13.7.5. Composites
13.7.6. Steel
13.7.7. Other
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 Vehicle Lightweighting Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vehicle Lightweighting Market: Market Share Analysis
14.2. Vehicle Lightweighting Distributors and Customers
14.3. Vehicle Lightweighting Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arconic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aleris Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. 3M
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Benteler International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GF Casting Solutions
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Freudenberg Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Evonik
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Coverstro
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LyondellBasell Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Toray Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ArcelorMittal
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Novelis
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
