Published on : Jan 11, 2019
Albany, New York, January 11, 2019: Automotive lightweight materials market is likely to witness growth upsurge on the back of surged vehicle ownership globally, more so in developing economies. Growing preferences for efficient fuel economy coupled with a fast expanding market for electric vehicles are also accounted to leverage substantial progress in automotive lightweight materials market in foreseeable future. However, the growth is likely to remain arrested owing to high pricing of lightweight automotive. These aforementioned insights are in line with Market Research Hub's (MRH) recent business intelligence report titled, 'Automotive Lightweight Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026' included in its fast expanding database.
Magna Unveils Novel Facility in Germany, Strengthens Foothold
To secure a lucrative stance amidst stiffening competition in automotive lightweight materials market, leading vendors are increasingly banking upon product innovation to differentiate their portfolio such as adoption of light weight building materials such as carbon fiber; which however is a pricy building component.
Notable players in automotive lightweight materials market are also akin on developing novel substitutes for such pricy building components to limit overall cost of lightweight cars, thus encourage greater adoption.
Further, facility expansion aligning with their objectives of geographical expansion has also encouraged manufacturers to unveil new production centers. To cite an instance, leading vendor in automotive lightweight materials market, Magna has unveiled a new facility in Germany to cater to the rising demands for lightweight automotive to comply with stringent emission control norms. The development is expected to augment growth in automotive lightweight materials market besides positioning Magna favorably on the growth curve.
This elaborate research report on automotive lightweight materials market is a comprehensive handbook demonstrating core developments in automotive lightweight materials market. The report critically examines the market spectrum in terms of historical and present market performance to derive accurate forecast figures. Besides a detailed market definition the report also entails a section on market dynamics such as drivers, restraints, trends, and opportunities that influence the growth trajectory of automotive lightweight materials market. The report is aimed to offer aspiring market entrants with decisive insights on current market conditions based on which market players can effectively formulate profitable business discretion.
Structural Application Segment Likely to Maneuver Revenue Maximization
To suffice which the report has an elaborate chapter on market segmentation highlighting material type, vehicle type, and application as core segments. By material the market is split into metal alloys, high strength steel, composites, and polymers. By vehicle, automotive lightweight materials market is classified into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. In terms of application the market is broadly segregated into interior, exterior, structural, and powerstrain amongst others.
Asia-Pacific Likely to Remain Most Lucrative Regional Market
In the subsequent sections the report also includes excerpts on regional segregation based on which Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa are identified as core regional hubs.
Competition Deep-Dive: Automotive Lightweight Materials Market
Thorough research elements articulated in the concluding sections of the report allow readers to identify potential forerunners. This section includes details on company profiles including details on company overview, recent developments, and revenue figures. Key players benchmarked include, Magna International Inc., Faurecia, Lear Corporation, and Grupo Antolin amongst others.
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