Europe Automotive Lightweight Car Market 2021 Precise Outlook - ThyssenKrupp AG, Arcelor Mittal, AK Steel Holding Corporation., Baoshan Iron and Steel Co. Ltd

The Europe Automotive Lightweight Car Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Europe lightweight car market is expected to register a CAGR of about 9.7% during the forecast period (2020 - 2025).

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Top Leading Companies of Europe Automotive Lightweight Car Market are ThyssenKrupp AG, Arcelor Mittal, AK Steel Holding Corporation., Baoshan Iron and Steel Co. Ltd., Posco, SSAB AB, Toyota Motors, General Motors and others.

Industry News and Updates

In 2016, 195 parties within the United Nations Framework Convention on Climate Change signed the Paris Agreement deal to extend its ongoing efforts. The primary idea is to keep the global temperature increase below 2 C and within. In 2017, the Europe record greenhouse gas emissions of 4.5 Gt CO2 eq. As a result, the EU became the main of the significant contributors to GHGs.

Key Market Trends

Continuous Evolution in automotive AHSS technology

There is a demand for reducing the weight to enhance vehicle performance and safety. As a result, Advanced High Strength Steel (AHSS), an essential material for mass vehicle reduction, and has become one of the fastest-growing material in today's automotive industry.

Steel makes up around 70 % of an average automobile's weight. Compared to standard steel, AHSS enable to reduce vehicle weight by 23-35% which is around 165 to 250 kg, for a regular passenger car, saving 3 - 4.5 tons of greenhouse gases over the vehicle's total life cycle. This saving in emissions is much more substantial than the CO2 emitted during the complete production of steel needed in a car.

The steel composition involves 34% as the body structure, panels, doors, and trunk closures, giving it an energy absorption and high-strength in case of a crash. 23% is the engine and machinable carbon steel for the wear-resistant gears. 12% is used in the suspension, using rolled high-strength steel and the remainder in the wheels, tires, fuel tank, steering, and braking systems.

Regional Outlook of Europe Automotive Lightweight Car Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Europe Automotive Lightweight Car Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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