Automotive Under the Hood Composites Market is Likely to be a US$ 6.7 Billion Opportunity in 2023

Stratview Research announces the launch of a new research report on Automotive Under the Hood Composites Market by Vehicle Type (Passenger Car, LCV, and M&HCV), by Application Type (Air Intake Manifold, Radiator End Tank, Engine Cover, Engine Oil Pan, Ducts, Charge Air Cooler, and Others), by Resin Type (PA Composites, PP Composites, PBT Composites, PPS Composites, and Others), by Process Type (Injection-Molded Composites, Blow-Molded Composites, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.

This market report, from Stratview Research, studies under the hood composites market in the global automotive industry over the trend and forecast period of 2012 to 2017 and 2018 to 2023, respectively. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Automotive Under the Hood Composites Market: Research Highlights
Composites have been a game changer in the automotive industry for meeting the challenging requirements of the industry, such as improving fuel economy and reducing carbon emissions. Today, composites are found in almost all major application areas including under the hood, exterior, and interior. Under the hood is the biggest application area, accounting for nearly 40% of the total automotive composites market. Components located at under the hood areas are prone to higher temperature and pressure as compared to the interior and exterior automotive components. This is leading to the entry of high-performance composites for under the hood components in the industry.

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As per Stratview Research, the automotive under the hood composites market is likely to grow at an impressive growth rate over the next five years to reach US$ 6,667.3 million in 2023. The global auto industry has efficaciously been ushering in a new era of lightweight vehicles with a meticulous investment into composite components in under the hood areas that can address the changing business requirements in the most effective manner. All the major automakers have vigorously been incorporating composite components in their mass-selling vehicle models with the purpose to improve the overall fuel efficiency of vehicles.

The author of the report cited that passenger car is expected to remain the growth engine of the global automotive under the hood composites market during the forecast period of 2018 to 2023. Increasing production of passenger cars coupled with increasing penetration of composites in passenger cars is likely to elevate the demand for under the hood composites in the passenger car segment in the foreseeable future.

As per the study, air intake manifold is likely to remain the largest application of composites in under the hood market during the forecast period. It is also the largest thermoplastic composite component in the automotive industry. However, charge air cooler (includes end caps and end tanks) is likely to be the fastest-growing component in the market during the same period.
Based on the resin type (PA, PP, PBT, PPS and Others), PA (Polyamide) is expected to remain the largest resin type in the market during the forecast period. Major under the hood composite components, such as air intake manifold, radiator end tank, and engine cover, are largely made with PA composites only, PA6 and PA66 being the major resin grades.

In terms of region, Asia-Pacific is likely to remain the largest automotive under the hood composites market during the forecast period. The region is the largest automobile producer accounting for more than 50% of vehicles produced worldwide. China and India are the growth engines of the regional demand for automobiles as well as composites for under the hood applications. North America and Europe are also likely to generate sizeable growth opportunities in the coming five years.

Major automotive component manufacturers for under the hood applications are Aisin Seiki, Calsonic Kensai, Denso Corporation, MAHLE GmbH, Mann+Hummel, Magneti Marelli, and Röchling Group. Development of lightweight composite components and forming strategic alliances with the automakers are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

The global under the hood composites market in the automotive industry is segmented into the following categories:

Automotive Under the Hood Composites Market, By Vehicle Type
• Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Light Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medium- & Heavy-Duty Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Under the Hood Composites Market, By Application Type
• Air Intake Manifold (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Radiator End Tank (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Engine Cover (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Engine Oil Pan (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ducts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Charge Air Cooler (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Under the Hood Composites Market, By Resin Type
• PA Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• PP Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• PBT Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• PPS Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Under the Hood Composites Market, By Manufacturing Process Type
• Injection-Molded Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Blow-Molded Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Under the Hood Composites Market, By Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, Italy, Russia and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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This release was published on openPR.