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The global automotive lightweight material market attained a value of USD 176.89 billion in 2023. The industry is further expected to grow at a CAGR of 7% in the forecast period of 2024-2032.
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Automotive lightweight materials help in reducing the weight of the vehicle. They finds its applications in body in white, chassis and suspension, powertrain, closures, interiors, and others.
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The automotive lightweight material industry can be segmented based on:
The EMR report examines the regional markets for automotive lightweight material like North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific.
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The global automotive lightweight material market is being driven by the rising technological advancements in the automotive industry. The rising disposable income has increased the purchasing power of the consumers and is hence, propelling the growth of the industry. Based on material, metal is anticipated to lead the industry. Strict emission and fuel economy regulations by the government is further leading the global automotive lightweight material industry growth.
The report presents a detailed analysis of the following key players in the global automotive lightweight material market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth analysis of the industry by providing a SWOT analysis along with a Porter’s five forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Material Type |
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Breakup by Application |
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Breakup by Component |
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Breakup by Electric Vehicle Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Lightweight Material Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Lightweight Material Historical Market (2018-2023)
8.3 Global Automotive Lightweight Material Market Forecast (2024-2032)
8.4 Global Automotive Lightweight Material Market by Material Type
8.4.1 Metal
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Composite
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Plastic
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Elastomer
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Automotive Lightweight Material Market by Application
8.5.1 Body in White
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Chassis and Suspension
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Powertrain
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Closures
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Interiors
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Automotive Lightweight Material Market by Component
8.6.1 Frame
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Wheel
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Bumper & Fender
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Engine & Exhaust
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Transmission
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Doors
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Hood & Trunk Lid
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Seats
8.6.8.1 Historical Trend (2018-2023)
8.6.8.2 Forecast Trend (2024-2032)
8.6.9 Instrumental Panel
8.6.9.1 Historical Trend (2018-2023)
8.6.9.2 Forecast Trend (2024-2032)
8.6.10 Fuel Tank
8.6.10.1 Historical Trend (2018-2023)
8.6.10.2 Forecast Trend (2024-2032)
8.7 Global Automotive Lightweight Material Market by Electric Vehicle Type
8.7.1 Battery Electric Vehicle
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Hybrid Electric Vehicle
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Plug-In Hybrid Electric Vehicle
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Electric Truck
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Electric Bus
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.8 Global Automotive Lightweight Material Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.8 Middle East and Africa
8.8.8.1 Historical Trend (2018-2023)
8.8.8.2 Forecast Trend (2024-2032)
9 North America Automotive Lightweight Material Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Lightweight Material Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Lightweight Material Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Lightweight Material Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Lightweight Material Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BASF SE
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Covestro AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 LyondellBasell Industries Holdings B.V.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Toray Industries, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 ArcelorMittal S.A.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Thyssenkrupp AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Novelis Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Owens Corning
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Alcoa Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Stratasys Ltd.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Lightweight Material Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Lightweight Material Historical Market: Breakup by Material Type (USD Million), 2018-2023
3. Global Automotive Lightweight Material Market Forecast: Breakup by Material Type (USD Million), 2024-2032
4. Global Automotive Lightweight Material Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Automotive Lightweight Material Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Automotive Lightweight Material Historical Market: Breakup by Component (USD Million), 2018-2023
7. Global Automotive Lightweight Material Market Forecast: Breakup by Component (USD Million), 2024-2032
8. Global Automotive Lightweight Material Historical Market: Breakup by Electric Vehicle Type (USD Million), 2018-2023
9. Global Automotive Lightweight Material Market Forecast: Breakup by Electric Vehicle Type (USD Million), 2024-2032
10. Global Automotive Lightweight Material Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Automotive Lightweight Material Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Automotive Lightweight Material Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Automotive Lightweight Material Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Automotive Lightweight Material Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Automotive Lightweight Material Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Automotive Lightweight Material Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Automotive Lightweight Material Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Automotive Lightweight Material Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Automotive Lightweight Material Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Automotive Lightweight Material Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Automotive Lightweight Material Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Automotive Lightweight Material Market Structure
In 2023, the global automotive lightweight material market attained a value of nearly USD 176.89 billion.
The market is projected to grow at a CAGR of 7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 325.21 billion by 2032.
The major drivers of the market include rising disposable incomes and growing technological advancements.
The key market trends guiding the growth of the automotive lightweight material market include the rising government initiatives worldwide to minimize energy consumption and carbon emissions, which has led to the emergence of the concept of reduced vehicle weight.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Metal, composite, plastic, and elastomer are the leading material types of the product in the market.
Body in white, chassis and suspension, powertrain, closures, and interiors, among others, are the significant application segments of the product.
Frame, wheel, bumper and fender, engine and exhaust, transmission, doors, hood and trunk lid, seats, instrumental panel, and fuel tank are the major components of the product in the market.
Battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, electric truck, and electric bus are the significant electric vehicle types of the product.
The major players in the market are BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., Toray Industries, Inc., ArcelorMittal S.A., Thyssenkrupp AG, Novelis Inc, Owens Corning, Alcoa Corporation, Stratasys Ltd. and Others.
The global automotive lightweight material market attained a value of USD 176.89 billion in 2023, driven by the growing technological advancements. Aided by the rising favourable government initiatives worldwide, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on material types, the automotive lightweight material industry can be segmented into metal, composite, plastic, and elastomer. On the basis of applications, the industry is divided into body in white, chassis and suspension, powertrain, closures, interiors, and others. By components, the industry is segregated into frame, wheel, bumper and fender, engine and exhaust, transmission, doors, hood and trunk lid, seats, instrumental panel, and fuel tank. On the basis of electric vehicle types, the industry is divided into battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, electric truck, and electric bus. The major regional markets for automotive lightweight material are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., Toray Industries, Inc., ArcelorMittal S.A., Thyssenkrupp AG, Novelis Inc, Owens Corning, Alcoa Corporation, Stratasys Ltd. and Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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