due to increasing stringency of vehicle emission and fuel economy regulations.

BEV is expected to be the largest segment. BEV is powered by an electric battery that uses chemical energy stored in the battery. The battery used in a BEV is rechargeable and accounts for about 70% weight of the electric vehicle. OEMs are investing heavily in research and development to increase the efficiency of electric vehicles by reducing the overall vehicle weight.

The market for metals is estimated to be the largest. There are three kinds of metal materials extensively used in vehicle light weighting. These are High strength steel, aluminium, and Magnesium & Titanium. These materials are lighter and stronger than steel.

HCV is projected to be the fastest growing segment. HCVs comprise vehicles such as buses, coaches, and heavy trucks with a vehicle mass of above 7 tons. OEMs such as BMW, Daimler, Dongfeng, Fiat, and Isuzu are rigorously focusing on weight reduction in HCVs due to stringent emission and fuel economy. The use of lightweight material helps reduce the total vehicle weight, which in turn allows the vehicle to carry additional load. Hence, HCV is projected to be the fastest growing segment of the automotive lightweight material market.

Europe is projected to hold the largest market share. The implementation of Euro 6 norms will reduce pollutants such as nitrogen oxide and carbon monoxide. It will also compel OEMs to improve fuel economy and lower CO2 emission levels. Also, lightweight materials manufacturers and suppliers are investing heavily in R&D to create new and advanced lightweight materials which will increase the demand for vehicles.

Key market players include BASF SE (Germany), Covestro AG (Germany), Lyondell Basell Industries Holdings B.V. (Netherlands), Toray Industries, Inc. (Japan), ArcelorMittal (Luxembourg), Thyssenkrupp AG (Germany), Novelis, Inc. (US), and Alcoa Corporation (US).

Key Questions addressed by the report

  • Which application will lead the automotive lightweight material market in the future?
  • How will government regulations impact the automotive lightweight material market globally?
  • How would the growing trend of electric vehicles impact the automotive lightweight material market over the next 8 years?
  • What would be the share of different materials in the automotive lightweight material market?

Report Table of Content

1.   Automotive Lightweight Material Market Introduction

1.1.  Market Definition

1.2.  Study Scope

1.3.  Study Period

1.4.  Market Stakeholders

2.     Research Methodology

2.1.  Secondary Research

2.2.  Primary Research

2.3.  Research Design

2.4.  Data Validation

2.5.  Limitations and Assumptions

3.     Executive Summary

4.     Market Dynamics  

4.1.  Drivers

4.1.1. Stringent Emission and Fuel Economy Regulations

4.1.2. Growing Government Initiatives for Weight Reduction                   

4.2.  Opportunities

4.2.1. Upward Trend of Vehicle Electrification

4.2.2. Future Potential Market in Asia Oceania 

4.3.  Challenges

4.3.1. Maintenance of Lightweight Material

5.     Automotive Lightweight Material Market, By Material Type

5.1.  Metal

5.2.  Composite

5.3.  Plastic

5.4.  Elastomer

6.     Automotive Lightweight Material Market, By Application

6.1.  Body in White

6.2.  Chassis and Suspension

6.3.  Powertrain

6.4.  Closures

6.5.  Interiors

6.6.  Others

7.     Automotive Lightweight Material Market, By Component

7.1.  Frame

7.2.  Wheel

7.3.  Bumper & Fender

7.4.  Engine & Exhaust

7.5.  Transmission

7.6.  Doors

7.7.  Hood & Trunk Lid

7.8.  Seats

7.9.  Instrument Panel

7.10. Fuel Tank

8.     Automotive Lightweight Material Market, By Vehicle Type

8.1.  Passenger Car

8.2.  Light Commercial Vehicle

8.3.  Heavy Commercial Vehicle    

9.     Automotive Lightweight Material Market, By Electric and Hybrid Vehicle Type

9.1.  Battery Electric Vehicle

9.2.  Hybrid Electric Vehicle

9.3.  Plug-In Hybrid Electric Vehicle

9.4.  Electric Truck

9.5.  Electric Bus

10. Electric Vehicle Lightweight Material Market, By Material Type

10.1. Metal

10.2.  Composite

10.3.  Plastic

10.4.   Elastomer

11. Automotive Lighting Market, By Region

11.1.   Asia Pacific

11.1.1.  China    

11.1.2.  Japan

11.1.3.  South Korea

11.1.4.  Thailand

11.1.5.  India

11.2.   Europe

11.2.1.  France

11.2.2.  Germany

11.2.3.  Italy

11.2.4.  Russia

11.2.5.  Spain

11.2.6.  UK

11.3.   North America

11.3.1.  US

11.3.2.  Canada

11.3.3.  Mexico

11.4.  Rest of the World (RoW)

11.4.1.  Brazil

11.4.2.  South Africa

12. Company Profiles

12.1.  Hella KgaaHueck& Co.

12.1.1. Company Overview

12.1.2. Financial Highlights

12.1.3. Product/Services

12.1.4. Recent Developments

12.2.  Valeo S.A.

12.2.1. Company Overview

12.2.2. Financial Highlights

12.2.3. Product/Services

12.2.4. Recent Developments

12.3.  Osram GmbH

12.3.1. Company Overview

12.3.2. Financial Highlights

12.3.3. Product/Services

12.3.4. Recent Developments

12.4.   Continental AG 

12.4.1. Company Overview

12.4.2. Financial Highlights

12.4.3. Product/Services

12.4.4. Recent Developments

12.5.   Hyundai Mobis

12.5.1. Company Overview

12.5.2. Financial Highlights

12.5.3. Product/Services

12.5.4. Recent Developments

12.6.   Ichikoh Industries, Ltd.

12.6.1. Company Overview

12.6.2. Financial Highlights

12.6.3. Product/Services

12.6.4. Recent Developments

12.7.   Magneti Marelli

12.7.1. Company Overview

12.7.2. Financial Highlights

12.7.3. Product/Services

12.7.4. Recent Developments

12.8.   Koito Manufacturing Co., Ltd.

12.8.1. Company Overview

12.8.2. Financial Highlights

12.8.3. Product/Services

12.8.4. Recent Developments

12.9.    Stanley Electric Co., Ltd.

12.9.1. Company Overview

12.9.2. Financial Highlights

12.9.3. Product/Services

12.9.4. Recent Developments

12.10.   Koninklijke Philips N.V.

12.10.1. Company Overview

12.10.2. Financial Highlights

12.10.3. Product/Services

12.10.4. Recent Developments

12.11.   Robert Bosch GmbH

12.11.1. Company Overview

12.11.2. Financial Highlights

12.11.3. Product/Services

12.11.4. Recent Developments

12.12.    ZizalaLichtsysteme GmbH

12.12.1. Company Overview

12.12.2. Financial Highlights

12.12.3. Product/Services

12.12.4. Recent Developments

12.13.    Nxp Semiconductors

12.13.1. Company Overview

12.13.2. Financial Highlights

12.13.3. Product/Services

12.13.4. Recent Developments

12.14.    Aptiv Plc

12.14.1 Company Overview

12.14.2. Financial Highlights

12.14.3. Product/Services

12.14.4. Recent Developments

12.15.    Grupo Antolin

12.15.1. Company Overview

12.15.2. Financial Highlights

12.15.3. Product/Services

12.15.4. Recent Developments

*Company introduction, financial information, recent developments, SWOT analysis


13. Conclusion and Recommendations

14. Appendix


14.1.  About

14.2.   Related Reports

14.3.  Glossary


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