Press release
Expansion of EV Drive Range Accelerates the Global Lightweight Materials for EV Market Growth
LIGHTWEIGHT MATERIALS FOR EV MARKET
Browse 68 market data Tables and 49 Figures spread over 155 Pages, along with an in-depth analysis of the Global Lightweight Materials for EV Market by End Use, Material Type, & by Geography.
Refer to the Report Summary Here: https://www.inkwoodresearch.com/reports/lightweight-materials-for-ev-market/
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
The Germany lightweight materials for EV market is expected to develop with a CAGR of 16.24% during the forecasting years, capturing a revenue share of $1316.19 million by 2028.
Here's a link to our Country Report Summary: https://inkwoodresearch.com/reports/germany-lightweight-materials-for-ev-market/
Global Lightweight Materials for EV Market Scenario
Lightweight materials, such as high-strength steel, aluminum, polymer composites, and magnesium, can help OEMs in developing lightweight vehicles that comply with statutory requirements for performance, emissions, and safety. The global lightweight materials for EV market growth is primarily fueled by the expansion of the electric vehicle drive range and stringent government regulations on vehicle emissions.
A lighter body tends to accelerate more swiftly than a heavier structure owing to its lower mass. As a result, the automotive industry is more inclined towards lightweight materials instead of cast iron and traditional steel components in order to enhance vehicle efficiency. Furthermore, a vehicle's body weight and chassis can be directly minimized by up to 50% with the use of lightweight technology. Employing lightweight components also helps decrease the weight of the drive train and electric motors in vehicles, thus lowering the center of gravity and extending vehicular range. Therefore, the expansion of EV drive range is expected to play an integral role in augmenting the global lightweight materials for EV market growth.
The Global Lightweight Materials for EV Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Lightweight Materials for EV Market by Material Type, End Use, & by Geography: https://www.inkwoodresearch.com/reports/lightweight-materials-for-ev-market/#request-free-sample
Market Segmentation
Market by Material Type:
• Metals
o Body
o Suspension
o Transmission System
o Others
• Composites
o Body
o Suspension
o Others
• Plastics & Elastomers
o Body
o Interiors
o Others
Market by End Use:
• Battery Electric Vehicle
• Plug-in Hybrid Vehicle
• Hybrid Electric Vehicle
Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
Companies Profiled
• TORAY INDUSTRIES INC
• SABIC
• NOVELIS INC
• LYONDELLBASELL INDUSTRIES NV
• CONSTELLIUM SE
• SGL CARBON SE
• CELANESE CORPORATION
• BASF SE
• THYSSENKRUPP AG
• COVESTRO AG
• SOLVAY SA
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