openPR Logo
Press release

Automotive Lightweight Materials Market: Compliance to Stringent Regulations to Bolster Growth

04-17-2017 01:37 PM CET | IT, New Media & Software

Press release from: TMR

Automotive Lightweight Materials Market: Compliance

Transparency Market Research (TMR) observes that global automotive lightweight materials market is highly competitive due to a strong presence of players. Currently, the competitive landscape is being defined by big players such as BMW, Tata, General Motors, Ford, and Audi. Their unwavering geographical presence and excellent brand equity is expected to bolster the position of these market players in the coming years.

According to the research report, the global automotive lightweight materials market is expected to be worth US$301.36 bn by the end of 2024 from US$149.03 bn in 2015. Between the forecast years of 2016 and 2024, the global market is projected to be surge at a CAGR of 8.30%.

Fill the form to gain deeper insights on this market @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8509

Metals to Remain Popular Choice of Lightweight Materials in Automotive Industry

On the basis of product, the global automotive lightweight materials market is segmented into plastics, composites, rubber, and metal. As of 2015, metals held a dominant share in the global market, accounting for nearly 60% of it. Research indicates that this product segment will continue to thrive and lead in the coming years as well. Aluminum, magnesium, and steel have emerged as the key metals being used for making automotive lightweight parts due to their exceptional suitability. Of these, steel has shown tremendous progress due its properties such as rigidity, strength, machinability, and durability. The innovation in steel production such as CP, UHSS, and DP to bring down the weight of the components has also had a positive impact on this segment.

In terms of geography, the global automotive lightweight materials market is likely to be driven by the North America due to an advanced automotive industry in the region. As of 2015, the North America automotive lightweight materials market held a share of 30% in the global market. The persistent advancements in technology are expected to keep this region at the forefront over the forecast period.

Demand for Fuel-efficient Vehicles Bolsters Market Growth

The growing awareness amongst automobile manufacturers to develop vehicles that are light in weight has augmented the demand for automotive lightweight materials market. The growing awareness about emission norms has also accelerated the uptake of lightweight designs in the automotive industry. The growing need to curb carbon emission has forced automakers to design vehicles are offer fuel efficiency and economy. This has subsequently had a positive impact on the usage of automotive lightweight materials, thereby bolstering the global market. Furthermore, the increasing expenditure on automobiles especially in the emerging economies has also created a significant demand for these materials.

Browse Market Research Report @
http://www.transparencymarketresearch.com/automotive-lightweight-materials-market.html

Despite the steady growth drivers, analysts project that the global automotive lightweight materials market is likely to be met with a few challenge. A key hurdle for the global market is the high cost of lightweight materials, which is creating a direct impact on the pricing of the products. However, the players can overcome this challenge with widening consumer base as the demand for automobiles picks up pace. The expansion of the automotive industry and experimentation with different materials is expected to generate newer opportunities for the global market in the near future.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business Contact.

Contact Us :
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Lightweight Materials Market: Compliance to Stringent Regulations to Bolster Growth here

News-ID: 504537 • Views:

More Releases from TMR

Emerging Opportunities in Logistics Market with Current Trends Analysis
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031. The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,

All 5 Releases


More Releases for Transparency

Transparency Market Research
A belt drive is a type of power transmission device which is a looped belt wound around a pair of pulley so as to transmit power between two or more rotating shafts. Compared to other power transmitting devices, belt drives are more preferred in mechanical industry due to easy installation, numerous speed ratio selections, less power loss and comparative low price. Belt drive protects the rotating machinery from overload fluctuations
Transparency Market Research
An ultrasonic motor is an electric motor which is driven by the ultrasonic vibration of a component. The stator of the motor is supported by piezoelectric components in ultrasonic frequency range which produces different types of vibrations depending on its arrangement. In other words, ultrasonic motor is a type of electric motor that transforms ultrasonic physical vibrations to linear motion, produced by a piezo-transducer. Ultrasonic motors therefore do not use
Transparency Market Research
The global Li-Fi market is expected to exhibit growth at a robust pace between 2016 and 2023. Massive bandwidth owing to the growing RF spectrum crunch, together with a high degree of security and energy efficiency are expected to bolster the global Li-Fi market. While the features offered by Li-Fi and visible light communications (VLC) are quite similar, unlike the latter, Li-Fi does not require line-of-sight between receiver and transmitter. The
Transparency Market Research
A new research report published by Transparency Market Research states that the global dental bone graft substitutes and other biomaterials market is expected to grow due to the continuous rise in periodontal (gum) diseases along with growing incidence of dental fractures. The report, titled “Dental Bone Graft Substitutes and other Biomaterials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, is available for sale on
eProcurement: Instant Transparency
ifm Achieves Better Prices in Indirect Procurement with JAGGAER solution Vienna | Research Triangle, NC, USA | Essen, August ​09​, 2017 – ifm, the specialist for sensors in automation technology, has said goodbye to manual processing in indirect procurement once and for all. With the eProcurement digital procurement tool from JAGGAER, provider of the world’s most comprehensive Source to Pay (S2P) indirect and direct solution suite, more than 6000 employees
More transparency in Engineering IT
CPO certification helps evaluate openness of IT systems Digitalization is making openness in the linking of IT solutions increasingly important. The Code of PLM Openness (CPO), developed by the ProSTEP iViP Association, supplies a concrete approach for achieving precisely that. Fraunhofer IAO has now developed an effective certification for companies, which helps them comply with the CPO criteria. Industrie 4.0 requires intensified collaboration between various tools and systems. Only when