Press release
Automotive Carbon Fiber Composites Parts Market Size Projected To Reach $48.38 Billion By 2034 With A Cagr Of 16%
Automotive Carbon Fiber Composites Parts
What Is the Projected Growth of the Automotive Carbon Fiber Composites Parts Market?
There has been a swift expansion in the size of the automotive carbon fiber composites parts market in recent times. It is predicted to swell from $22.96 billion in 2024 to $26.7 billion in 2025, at a compound annual growth rate (CAGR) of 16.3%. This growth during the historic period is a result of factors such as weight reduction in cars, increasing demand for electric vehicles, sports and luxury vehicles, stricter emission standards, and the popularity of racing and motorsports.
In the following years, the market size for automotive carbon fiber composites parts is projected to significantly expand. With a compound annual growth rate (CAGR) of 16.0%, the market is expected to reach $48.38 billion by 2029. The anticipated growth during this period is largely due to the surge in the adaptation of hybrid and electric vehicles, strict fuel efficiency standards, their enhanced utilization in structural components, the inception of mass production and economies of scale and the increasing demand for advanced driver assistance systems (ADAS). Upcoming trends during the forecast include the rising use in electric vehicles (EVs), enhancement in manufacturing processes, increased integration in structural components, strategic collaborations and partnerships, initiatives pertaining to cost reduction, and the focus on recycling and sustainability.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9504
What Are the Different Automotive Carbon Fiber Composites Parts Market Segments?
The automotive carbon fiber composites parts market covered in this report is segmented -
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), After market
Subsegments:
1) By Brake Discs: Solid Brake Discs, Ventilated Brake Discs
2) By Brake Pads: Semi-Metallic Brake Pads, Organic Brake Pads, Ceramic Brake Pads
3) By Battery Housing: EV Battery Enclosures, Hybrid Battery Housing
4) By Mirror Housing: Side Mirror Casings, Rearview Mirror Casings
5) By Chassis: Structural Chassis Components, Lightweight Chassis Frames
6) By Pillars: A-Pillars, B-Pillars, C-Pillars
7) By Other Types: Body Panels, Interior Components, Structural Reinforcements
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9504&type=smp
What Are the Primary Drivers Shaping the Automotive Carbon Fiber Composites Parts Market?
The escalating demand for electric vehicles is considerably driving the growth of the automotive carbon fiber composites parts market. Electric vehicles, which are vehicles equipped with an electric motor powered by a battery that also has the capacity for external charging, utilize parts made from carbon fiber composites to decrease weight and thereby decrease the energy consumption of the vehicle. As an example, the U.S. Energy Information Administration, a government agency within the United States, reported in November 2023 that the proportion of battery-electric vehicles in new light-duty vehicle sales had reached 17.7% in the third quarter of 2023. Furthermore, battery-electric vehicles accounted for 16.0% of total new vehicle sales for this year, which was an increase from 12.5% in 2022 and 9.0% in 2021. Consequently, the swelling demand for electric vehicles is propelling the growth of the market for automotive carbon fiber composite parts.
Which Companies Are Leading in the Automotive Carbon Fiber Composites Parts Market?
Major companies operating in the automotive carbon fiber composites parts market include Plasan Carbon Composites Inc., Faurecia SE, Toray Industries Inc., Mitsubishi Chemical Carbon Fiber and Composites, SGL Carbon, Composite Resources Inc., Hexcel Corporation, Teijin Limited, BUCCI COMPOSITES S.p.A., CBS Composites, Cobra Advanced Composites Co. Ltd., TOPKEY Excellence In Composites, Action Composite Technology Limited, Zhongfu Shenying Carbon Fiber Xining Co. Ltd., Jiangsu Hengrui Pharmaceuticals Co. Ltd., Martec Spa, Gigante Technologies Pvt. Ltd., Cytec Industries Incorporated, ACP Composites Inc., Clearwater Composites LLC, Owens Corning, HITCO Carbon Composites Inc., Polar Manufacturing Limited, Rock West Composites Inc., Zoltek Companies Inc., Gurit Holding AG, Solvay S.A., Continental Structural Plastics Inc., Magna International Inc., Toho Tenax Co. Ltd., Formtech Composite Limited, Quantum Composites Inc., PlastiComp Inc., TenCate Advanced Composites, Fiberforge Corporation, Albany Engineered Composites Inc., BASF SE, DSM Composite Resins AG
What Are the Major Trends Shaping the Automotive Carbon Fiber Composites Parts Market?
The emergence of product innovation is a significant trend in the automotive carbon fiber composites parts market. Key players in this market are concentrating on creating composite materials which offer beneficial attributes for vehicles. For example, Solvay, a chemical firm based in Belgium, introduced SolvaLite 714 Prepregs in May 2022. These are a new generation of pre-impregnated unidirectional carbon fiber and woven fabric products with epoxy resin SolvaLite 714. They are particularly tailored for the manufacture of auto parts like body panels, boasting rapid compression-molding cycle durations for series production runs, fast cure cycles, and extended lifetimes.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/automotive-carbon-fiber-composites-parts-global-market-report
What Are the Top Revenue-Generating Geographies in the Automotive Carbon Fiber Composites Parts Market?
Europe was the largest region in the automotive carbon fiber composites parts market in 2024. The regions covered in the automotive carbon fiber composites parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Carbon Fiber Composites Parts Market?
2. What is the CAGR expected in the Automotive Carbon Fiber Composites Parts Market?
3. What Are the Key Innovations Transforming the Automotive Carbon Fiber Composites Parts Industry?
4. Which Region Is Leading the Automotive Carbon Fiber Composites Parts Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Carbon Fiber Composites Parts Market Size Projected To Reach $48.38 Billion By 2034 With A Cagr Of 16% here
News-ID: 3977233 • Views: …
More Releases from The Business Research Company
Segmentation Analysis, Market Trends, and Competitive Landscape in the Insurance …
The insurance sector is poised for substantial growth over the coming years, driven by technological innovations and evolving risk landscapes. As digital transformation reshapes how insurance services are delivered, the industry is adapting to new challenges and opportunities that promise to redefine its future. Let's explore the market's growth projections, key players, emerging trends, and detailed segmentation.
Projected Expansion and Market Size of the Insurance Industry
The insurance market is…
Analysis of Segments and Major Growth Areas in the Money Transfer Services Marke …
The money transfer services sector is rapidly evolving, driven by technological advancements and changing consumer expectations. As global financial connectivity deepens, businesses and individuals alike are seeking faster, safer, and more convenient ways to send and receive money. This overview explores the market's size, key players, emerging trends, and segment dynamics shaping its future trajectory.
Projected Growth and Market Size of the Money Transfer Services Market
The money transfer services…
Emerging Growth Patterns Driving the Expansion of the Group Life Insurance Marke …
The group life insurance sector is positioned for substantial growth over the coming years, driven by evolving demographic and economic factors. As awareness around financial protection rises and workforce dynamics shift globally, this market is set to expand rapidly. Let's explore the expected market size, leading companies, influential trends, and key segments shaping the future of group life insurance.
Projected Market Expansion of the Group Life Insurance Market
The group…
In-Depth Examination of Segments, Industry Trends, and Key Players in the Mercha …
The merchant cash advance market is gaining significant traction as businesses seek more flexible financing options. With the rise of e-commerce and digital financial services, this sector is set for notable expansion. Below is an insightful overview of the market's size, key players, driving factors, trends, and segment dynamics that shape its future outlook.
Expected Growth Trajectory of the Merchant Cash Advance Market
The merchant cash advance market is projected…
More Releases for Composite
Composite Veneering System Market Advanced Composite Technologies Through 2034
Rising Preference for Natural-Looking Dental Restorations and High-Performance Veneering Materials Accelerates Global Adoption
Pune, India - Exactitude Consultancy - The Global Composite Veneering System Market is expanding rapidly as dental professionals increasingly choose advanced composite-based veneering materials over traditional porcelain veneers. Composite veneering systems-known for their durability, aesthetics, cost-effectiveness, and minimally invasive application-have become essential in cosmetic dentistry for smile corrections, restorative enhancements, and chairside veneer fabrication.
Teaser / Snippet
Composite veneering systems…
Composite Rebar Market
The "Composite Rebar Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Composite Rebar Market, 2024-2031
Verified Market Research's most recent report, "Composite Rebar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Construction Composite Market: Building for the Future with Advanced Composite M …
Coherent Market Insights added the statistic report, titled "Construction Composite Market Recent Trends, In-depth Analysis, Size and Forecast 2023-2030". The Construction Composite report includes an overview of the competitive landscape, geographic segmentation, innovation, and future developments, as well as a collection of tables and data. An examination of the competitive landscape reveals information about each vendor, including company profile, total revenue (financials), market potential, global presence, revenue, market share, pricing,…
Composite Resin
According to a new market research report published by Global Insight Services "Composite Resin Market" is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Download Sample of Report : https://www.globalinsightservices.com/request-sample/GIS20852
Composite resin…
Assured Composite® Presents the Best of Composite Decking
Assured Composite® ensures customer happiness by providing high-quality wood plastic composite decking, to consumers across the United Kingdom and beyond.
Leicestershire, England - UK | January 25, 2022 -- Customer satisfaction is ensured by Assured Composite®, which provides high-quality wood plastic composite decking, to customers in the United Kingdom and beyond. Because of their forward-thinking staff's attention to efficiency, quality, and customer service, customers can anticipate a hassle-free end-to-end solution at…
Global Wind Turbine Composite Materials Market, Global Wind Turbine Composite Ma …
The wind turbine composite material forms an important component of wind turbine for the production of turbine rotor blade. This composite material is made up of matrix & fiber to provide physical strength and distributes loads in composite. The matrix material acts as a binder and maintains spacing of the fiber material, therefore protecting the fiber from environmental & abrasion damage. The composite material manufactured from the fortification of matrix…
