Press release
Expansion of EV Drive Range Accelerates the Global Lightweight Materials for EV Market Growth
LIGHTWEIGHT MATERIALS FOR EV MARKET
Browse 68 market data Tables and 49 Figures spread over 155 Pages, along with an in-depth analysis of the Global Lightweight Materials for EV Market by End Use, Material Type, & by Geography
Refer to the Report Summary Here: https://www.inkwoodresearch.com/reports/lightweight-materials-for-ev-market/?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
The Germany lightweight materials for EV market is expected to develop with a CAGR of 16.24% during the forecasting years, capturing a revenue share of $1316.19 million by 2028.
Here's a link to our Country Report Summary: https://inkwoodresearch.com/reports/germany-lightweight-materials-for-ev-market/
Global Lightweight Materials for EV Market Scenario
High-strength steel, aluminum, polymer composites, and magnesium are examples of lightweight materials that can assist OEMs in creating lightweight automobiles that meet legal standards for safety, performance, and emissions. The development of the electric vehicle drive range and strict government limits on vehicle emissions are the main drivers of the global market for lightweight materials for EVs.
Because it has less mass than a heavier structure, a lighter body accelerates more quickly. In order to improve vehicle efficiency, the automobile industry is therefore increasingly inclined to use lightweight materials rather than cast iron and conventional steel components. Furthermore, using lightweight technology can immediately lower a vehicle's chassis and body weight by up to 50%. Using lightweight parts also contributes to reducing the weight of the vehicle's electric motors and drive train, which lowers the center of gravity and increases range. As a result, it is anticipated that increasing EV drive range would significantly contribute to the growth of the worldwide lightweight material market for EVs.
The Global Lightweight Materials for EV Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Lightweight Materials for EV Market by Material Type, End Use, & by Geography: https://www.inkwoodresearch.com/reports/lightweight-materials-for-ev-market/#request-free-sample
Market Segmentation
Market by Material Type:
• Metals
o Body
o Suspension
o Transmission System
o Others
• Composites
o Body
o Suspension
o Others
• Plastics & Elastomers
o Body
o Interiors
o Others
Market by End Use:
• Battery Electric Vehicle
• Plug-in Hybrid Vehicle
• Hybrid Electric Vehicle
Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
Companies Profiled
• TORAY INDUSTRIES INC
• SABIC
• NOVELIS INC
• LYONDELLBASELL INDUSTRIES NV
• CONSTELLIUM SE
• SGL CARBON SE
• CELANESE CORPORATION
• BASF SE
• THYSSENKRUPP AG
• COVESTRO AG
• SOLVAY SA
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