The global automotive lightweight material market attained a value of nearly USD 176.89 Billion in 2023. The market is further expected to grow at a CAGR of 7.00% during the forecast period of 2024-2032 to reach a value of USD 325.21 Billion by 2032.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2024-2032
Automotive Lightweight Material Market Outlook
*this image is indicative*
| Global Automotive Lightweight Material Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 176.89 |
| Market Size 2032 | USD Billion | 325.21 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 7.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 7.6% |
| CAGR 2024-2032 - Market by Country | China | 8.2% |
| CAGR 2024-2032 - Market by Country | India | 7.2% |
| CAGR 2024-2032 - Market by Type | Composite | 7.7% |
| CAGR 2024-2032 - Market by Vehicle Type | Electric Vehicle | 17.9% |
| Market Share by Country 2023 | Germany | 4.8% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Automotive Lightweight Material Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Material Type
Market Breakup by Application
Market Breakup by Component
Market Breakup by Vehicle Type
Market Breakup by Region
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
| CAGR 2024-2032 - Market by | Country |
| China | 8.2% |
| India | 7.2% |
| Canada | 6.7% |
| Germany | 6.3% |
| Australia | 5.9% |
| USA | XX% |
| UK | XX% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
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 7.00% 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.
Electric vehicle and IC engine vehicle are the significant 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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| 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:
|
| Breakup by Material Type |
|
| Breakup by Application |
|
| Breakup by Component |
|
| Breakup by Vehicle Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| 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. |
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share