The Global Automotive Light Weight Body Panel Market was valued US$ 664.34 Mn in 2019 and is expected to reach US$ 2910.5 Mn by 2027, at a CAGR of 20.29% during a forecast period.
The ever-increasing variety and difficulty of automotive body materials make this a field of fascinating technological development. Automotive body panels such as bumpers, door panels, and trunk lids are generally made of conventional materials such as steel or iron. Many of the technical improvement in vehicles have been directly or indirectly enabled by development in materials technologies.
Metal, by material segment is expected to dominate the global automotive light weight body panel due to their ability to enhance design freedom and the longer life. Many manufacturers offer customized body panels to customers. While assembling and integration of other body panel is quiet easy as compared to Metal. Polymer and composites material is also used in many light weight body panels.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global Automotive Light Weight Body Panel Market Dynamics
Government regulations to meet fuel emission standards, expansion in technology, increased focus of manufacturers on automotive light weighting vehicles, are some of the factors driving the market of automotive Light weight body panels. However, high costs associated with light weighting materials are hindering its widespread implementation and this is likely to restrict market growth over the forecast period.
Global Automotive Light Weight Body Panel Market, Segment Analysis
The market is segmented by metal, polymer & composites, rubber and other. Metal, by material segment is expected to govern the global automotive light weight body panel due to their ability to enhance design freedom and the longer life. On the basis of component, the market includes bumpers, door panel, roof and other. Door Panels component type segment expected to retain its governance over the forecast period. On the basis of vehicle type, is the market segments are Passenger vehicle and Commercial vehicle. Passenger vehicles accounted for the largest market share of the global automotive light weight body panels market.
Global Automotive Light Weight Body Panel Market, Regional Analysis
Region-wise, APAC region held the dominant position in the global automotive light weight body panel market. Govt. rules for vehicle weight reduction have compelled automakers to find different alternatives such as lightweight materials, and use of pure battery electric vehicles forces this market to expand this market US $ XX Mn in the market. In Asia-Pacific due to advancement in technology, increased focus of manufacturers on automotive light weighting vehicles, are some of the factors driving the market of automotive Light weight body panel.
North American market is expected to reach US $XX Mn. Thanks to advancement and deployment of technology by key players. The report has studied the growing deployment of technology in global automotive industry with focus light weighting of vehicles by player and it has given the data in tangible terms by region and countries.
Global Automotive Light Weight Body Panel Market: Objective
The objective of the report is to present a comprehensive analysis of Global Automotive Light Weight Body Panel Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Automotive Light Weight Body Panel Market dynamics, structure by analyzing the market segments and project the Global Automotive Light Weight Body Panel Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Light Weight Body Panel Market make the report investor’s guide.
The Scope of the Report for Global Automotive Light Weight Body Panel Market
Global Automotive Light Weight Body Panel Market, By Material
Polymer & Composites,
Global Automotive Light Weight Body Panel Market, By Components
Global Automotive Light Weight Body Panel Market, By Region
Middle East & Africa
Key players operating in Global Automotive Light Weight Body Panel Market
Austem Company Ltd (Korea),
Arcelor Mittal S.A. ( Luxembourg),
Hwashin Tech Co Ltd (South Korea),
BASF SE (Germany),
Alcoa Corporation (U.S.),
Plastic Omnium (France),
Magna International Inc(Canada),
ThyssenKrupp AG (Germany),
Kuante Auto Parts Manufacture Co. Limited(China)
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