Lightweight Automotive Body Panels Market is expected to experience an impressive CAGR growth 4.8 % through 2016-2026
Future Market Insights delivers key insights on the global lightweight automotive body panels market in its latest report titled “Lightweight Automotive Body Panels Market: Global Industry Analysis and Opportunity Assessment, 2016–2026.” Global sales of lightweight automotive body panels is anticipated to be valued at US$ 99.6 Bn by 2016 end, witnessing a Y-o-Y growth of 3.9% over 2015. APEJ is projected to account for a volume share of 29.2% in the global market towards the close of 2016 and is expected to retain its dominance throughout the forecast period.
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Automotive body panels such as bumpers, hoods, door panels,
roof, and trunk lids are manufactured using lightweight materials such as
high-strength steel, aluminium, magnesium, and polymers and composites in order
to provide desired strength with reduced weight. Lightweight automotive body
panels help improve fuel economy and performance of vehicles by reducing the
overall weight of the vehicle. About 25% reduction in automobile weight saves
3.5 to 5.0 tonnes of greenhouse gas emissions over the lifetime of an average
car. Manufacturers today are adopting lightweight body panels in vehicles in
order to comply with government regulations pertaining to greenhouse gas
emissions.
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Key Segment
By Material Type
- Metals
- High-strength
Steel
- Magnesium
- Aluminium
- Polymers
& Composites
- Carbon
Fibre Reinforced Plastics
- Glass
Fibre Reinforced plastics
- Other
Polymer & Composite Materials
By Component Type
- Bumpers
- Hood
- Door
Panels
- Trunk
Lids
- Roof
- Others
By Vehicle Type
- Light
Commercial Vehicle
- Heavy
Commercial Vehicle
By Region
- Passenger
Car
- North
America
- Latin
America
- Western
Europe
- Eastern
Europe
- APEJ
- Japan
- MEA
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Segmentation highlights
The global lightweight automotive body panels market is
segmented on the basis of Material Type (Metals, Polymers & Composites);
Component Type (Bumpers, Hood, Door Panels, Trunk Lids, Roof, Others); and
Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial
Vehicle).
- The
Metals material type segment is likely to be valued at US$ 92.7 Bn by 2016
end
- The
Door Panels component type segment is anticipated to be a prominent
segment accounting for maximum market share of 32.9% by 2016 end
- The
Passenger Car vehicle type segment is expected to expand at a significant
CAGR of 5.5% over the forecast period
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