Published on : Oct 14, 2019
Vehicle manufacturers on a global scale are turning their attention towards low weight materials for the auto components. Suppliers are increasingly pushing to develop novel solutions which are created to not only meet the ever changing consumer preferences but also towards helping original equipment manufacturers to easily comply with strict auto regulations.
The continuing demand for fuel efficiency improvements in vehicles, with an objective of reducing operational costs and rate of fuel consumption are the primary factors that account for the adoption of new materials and designs that help in lightweighting of automobiles.
Plastics account for approximately half of a vehicles volume in recent times owing to great weight to strength ratios, and preference for ecofriendly vehicles. On the other hand, the high costs for some common automobile composites are expected to hinder adoption for the foreseeable future.
These insights are derived from the intelligence report, titled, “Vehicle Lightweighting - Thematic Research” which has been added recently to the Market Research Hub’s (MRH) ever-expanding repository.
In addition, novel materials such as carbon fiber do not allow for repairs in case of accidents, and these materials are also difficult to recycle. Consequently, such lightweight materials are seldom used in the mass produced medium and low end automobiles. In addition, the limitations of existing manufacturing technologies and a shortage of workforce with appropriate skills accounts for a greater manufacturing cycle, and stops investments from original equipment manufacturers.
Vehicle Lightweighting Market: Report Content
The report comprises a comprehensive analysis to bolster the report on the vehicle lightweighting market. In addition, the report strongly focuses on numerous facets in the market that are expected to have an impact on the development of the vehicle lightweighting market. Some of these factors include, drivers, restraints, opportunities, and trends. Further, the report also focuses on the segmentation of the market that provides an exhaustive analysis on vehicle lightweighting.
Furthermore, the report accurately describes benchmarking standards that are aimed at assessing the performance of the products, solutions and business processes. Benchmarking also emphasizes on the performances of rival companies, with the aim of improving on performance.
The analysis of the competitive scenario of the vehicle lightweighting market counts on Porters’ Five Force Analysis. Additionally, the Porters’ Five Force Analysis offers an analysis on the potential strategies of the players in the vehicle lightweighting market. The business strategies depends upon product portfolios, recent developments, company profile, SWOT analysis, and key differentiation.
Vehicle lightweighting Market: Research Methodology
The report on vehicle lightweighting relies on primary research and secondary research that offers intelligent insights on the market. Nevertheless, the report focuses on authentic and unbiased sources that have had a substantial impact in the preparation of the report. On the other hand, the report also relies upon primary sources that are developed through analysis from experts, telephonic interviews, and detailed analysis from analysts, and surveys. In addition, the secondary sources of data incorporates EC filings, press releases, trade journals, government websites, and databases.
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