Press release
Global Lightweight Automotive Body Panels Market to Witness Robust Expansion by 2028
The global lightweight automotive body panels market is anticipated to grow at a significant CAGR of 4.1%during the forecast period (2022-2028). The lightweight automotive body panel market includes door panels, roofs, bumpers, lids, and other vehicle-based body panels. These panels are made of the most common materials, such as iron and steel, which add to the overall weight of the vehicle. Due to an increase in rules and regulations on fuel emission and weight of the automobile, manufacturers are working toward using dynamic materials to reduce the weight of the panels that were made from conventional products. Body panels made of lightweight materials give overall strength while reducing weight. Aluminium, plastics, and composites are commonly used to create low-density panels.Get Sample Copy of Global Lightweight Automotive Body Panels Market at: https://orionmarketreports.com/request-sample/?id=110723&submit=Request+Sample%0D%0A
The increased demand for automotive body panels as a result of their widespread use in automobiles is projected to be a major factor driving the market during the forecast period. Increased production of automotive body panels with advanced technology by lowering weight and delivering lightweight body panels, which reduce vehicle weight and efficiency, is also expected to drive the automotive body panels market. Automotive body panels have a number of advantages, including dependability, ease of maintenance, and accessibility in any location. Lightweight body panels are changing the dynamics of the automotive body panels industry by providing appropriate strength for components while reducing weight. The vehicle body panels market is likely to benefit from this.
Asia-Pacific holds the major share in the global automotive body panels market, particularly in developing economies, due to a high acceptance rate, the implementation of fuel economy rules, and EPA Tier-3 norms for light-duty cars. Another key factor is that the countries in the region are getting more industrialized, which means that technological advancements in the vehicle industry will certainly lead to a market growth.
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Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Vehicle Type
By Material Type
By Component
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-Gordon Auto Body Parts Co. Ltd., Gestamp, Plastic Omnium, Magna International Inc., and Stick Industry Co. Ltd., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Lightweight Automotive Body Panels Market Report by Segment
By Vehicle Type
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
By Material Type
Metals
Polymers & Composites
Magnesium
Glass Fibers
Reinforced Plastics
High Strength Steel
By Component
Bumpers
Hood
Door Panels
Trunk Lids
Others
A full report of Global Lightweight Automotive Body Panels Market is available at: https://orionmarketreports.com/global-lightweight-automotive-body-panels-market/110723/
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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