Automotive Lightweight Materials Market: Compliance to Stringent Regulations to Bolster Growth, Predicts TMR
The opportunity in the global automotive lightweight materials market was worth US$149.03 bn in 2015. Analysts estimate the market to swell at a CAGR of 8.30% between 2016 and 2024 and touch US$301.36 bn by the end of 2024.
The opportunity in the global automotive lightweight materials market was worth US$149.03 bn in 2015. Analysts estimate the market to swell at a CAGR of 8.30% between 2016 and 2024 and touch US$301.36 bn by the end of 2024.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Au<strong>to</strong>motive</strong> <strong>Lightweight</strong> <strong>Materials</strong> <strong>Market</strong><br />
In terms of geography, the global au<strong>to</strong>motive lightweight materials market is likely <strong>to</strong> be driven by the<br />
North America due <strong>to</strong> an advanced au<strong>to</strong>motive industry in the region. As of 2015, the North America<br />
au<strong>to</strong>motive lightweight materials market held a share of 30% in the global market. The persistent<br />
advancements in technology are expected <strong>to</strong> keep this region at the forefront over the forecast<br />
period.<br />
Enter your information below <strong>to</strong> receive a sample copy of this report @<br />
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8509<br />
Demand for Fuel-efficient Vehicles <strong>Bolster</strong>s <strong>Market</strong> <strong>Growth</strong><br />
The growing awareness amongst au<strong>to</strong>mobile manufacturers <strong>to</strong> develop vehicles that are light in<br />
weight has augmented the demand for au<strong>to</strong>motive lightweight materials market. The growing<br />
awareness about emission norms has also accelerated the uptake of lightweight designs in the<br />
au<strong>to</strong>motive industry. The growing need <strong>to</strong> curb carbon emission has forced au<strong>to</strong>makers <strong>to</strong> design<br />
vehicles are offer fuel efficiency and economy. This has subsequently had a positive impact on the<br />
usage of au<strong>to</strong>motive lightweight materials, thereby bolstering the global market. Furthermore, the<br />
increasing expenditure on au<strong>to</strong>mobiles especially in the emerging economies has also created a<br />
significant demand for these materials.<br />
Despite the steady growth drivers, analysts project that the global au<strong>to</strong>motive lightweight materials<br />
market is likely <strong>to</strong> be met with a few challenge. A key hurdle for the global market is the high cost of<br />
lightweight materials, which is creating a direct impact on the pricing of the products. However, the<br />
players can overcome this challenge with widening consumer base as the demand for au<strong>to</strong>mobiles<br />
picks up pace. The expansion of the au<strong>to</strong>motive industry and experimentation with different materials<br />
is expected <strong>to</strong> generate newer opportunities for the global market in the near future.<br />
Browse The Press Release For Report:<br />
http://www.transparencymarketresearch.com/pressrelease/au<strong>to</strong>motive-lightweightmaterials-market-size.htm<br />
Transparency <strong>Market</strong> Research<br />
3
Change language