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Automotive Carbon Fiber Composites Parts Market Future Scope, Analysis, Size, Share, Trends, Growth Rate, Report 2023-2032
Automotive Carbon Fiber Composites Parts Market
Automotive Carbon Fiber Composites Parts Market Size, Growth Rate, And Forecast
The global automotive carbon fiber composites parts market size is expected to grow from $17.10 billion in 2022 to $20.08 billion in 2023 at a compound annual growth rate (CAGR) of 17.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive carbon fiber composites parts market size is expected to reach $36.24 billion in 2027 at a CAGR of 15.9%.
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Automotive Carbon Fiber Composites Parts Market Drivers
Surging demand for electric vehicles is significantly contributing to the automotive carbon fiber composites parts market going forward. Electric vehicles refer to vehicles that have an electric motor capable of drawing power from a battery and having the ability to receive external charging. Parts made from carbon fiber composites are used in electric vehicles to reduce weight and in turn, minimize the vehicle's energy consumption.
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Automotive Carbon Fiber Composites Parts Market Segments
1) By Type: Brake Discs, Brake Pads, Battery Housing, Mirror Housing, Chassis, Pillars, Other Types
2) By Resin: Thermoplastic, Thermoset
3) By Application: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Automotive Carbon Fiber Composites Parts market.
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Automotive Carbon Fiber Composites Parts Market Key Players
Major competitors in the Automotive Carbon Fiber Composites Parts market include Plasan Carbon Composites, Faurecia SE, Toray Industries Inc., Mitsubishi Chemical Carbon Fiber and Composites (MCFC), SGL Carbon, Composite Resources, Hexcel Corporation
The Table Of Content For The Automotive Carbon Fiber Composites Parts Market Include:
1. Executive Summary
2. Automotive Carbon Fiber Composites Parts Market Characteristics
3. Automotive Carbon Fiber Composites Parts Market Trends And Strategies
4. Automotive Carbon Fiber Composites Parts Market - Macro Economic Scenario
5. Automotive Carbon Fiber Composites Parts Market Size And Growth
……
27. Automotive Carbon Fiber Composites Parts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Carbon Fiber Composites Parts Market
29. Automotive Carbon Fiber Composites Parts Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Automotive Carbon Fiber Composites Parts Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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