Lightweight Car Market is expected to grow at a CAGR close to 4.9% during the forecast period| Key Players – BMW, Ford, Audi, Lanxess, Daimler, Kia, amongst others

Market Analysis:

Next-generation cars are expected to possess several features, such as connected cars, smart technology, fuel efficiency, and light weight. During the e-car hype ending 2011, one of the major focus areas was the weight of the car.

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Currently, the market for lightweight vehicles is primarily driven by regulatory authorities pushing for fuel efficiency. High pressure from automotive regulatory authorities, increased global demand, and decreasing cost of materials through strong research and innovation are some of the drivers of the global lightweight cars market. However, high costs of materials like carbon fiber, ongoing research on material mix leading to market non-readiness of this affordable material, and decreasing focus on the weight of vehicles since 2011 form the bottlenecks for this industry. Carmakers’ primary focus is on lessening the vehicle load and use different lightweight materials for automotive applications in making the parts.

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Market Segments:
Lightweight Car Market is segmented by:
1. Car Type: Passenger Cars, Sports Cars
2. Product Type: Fiber, Micro-lattice, Steel, Others
3. Power Source: ICE, EV
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market:
• February 2018: The technical partnership between Aston Martin and Dow will enable the continued development and implementation of new and customized industry-leading solutions in lightweighting, powertrain efficiency, and vehicle electrification.
• February 2018: Spanish Company, Gestamp Automation SA, is getting into lightweight car parts. The company’s research is focused on making ever-lighter parts to help both conventional and electric cars use less energy to travel.

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