Global Automotive Lightweight Material Market Size & Outlook
Global automotive lightweight material market, 2018-2030 (US$M)
Related Markets
Global automotive lightweight material market highlights
- The global automotive lightweight material market generated a revenue of USD 85,638.1 million in 2022 and is expected to reach USD 107,777.5 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 2.9% by 2030.
- In terms of segment, composites accounted for a revenue of USD 56,302.8 million in 2022.
- Plastics is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 85,638.1 million |
| Market revenue in 2030 | USD 107,777.5 million |
| Growth rate | 2.9% (CAGR from 2022 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Plastics |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metals, Composites, Plastics, Elastomers |
Other key industry trends
- In terms of revenue, the North America accounted for 28.7% of the global automotive lightweight material market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 3,157.3 million by 2030.
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Automotive Lightweight Material Market Scope
Automotive Lightweight Material Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive lightweight material market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lightweight material market will help companies and investors design strategic landscapes.
Composites was the largest segment with a revenue share of 65.75% in 2024. Horizon Databook has segmented the Global automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Automotive Lightweight Material Product Outlook (Revenue, USD Million, 2018-2030)
- Metals
- Composites
- Plastics
- Elastomers
- Global Automotive Lightweight Material Application Outlook (Revenue, USD Million, 2018-2030)
- Body in White
- Chassis and Suspension
- Powertrain
- Closures & Fenders
- Interiors
- Other Applications
- Global Automotive Lightweight Material End Use Outlook (Revenue, USD Million, 2018-2030)
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
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Target buyers of Global automotive lightweight material market databook
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Our clientele includes a mix of automotive lightweight material market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive lightweight material market , including forecasts for subscribers. This global databook contains high-level insights into Global automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global automotive lightweight material market size, by regions, 2018-2030 (US$M)
Top 10 countries: Automotive lightweight material market size, 2024 (US$M)
Global automotive lightweight material market share, by product, 2024 & 2030 (%, US$M)
Automotive lightweight material market: Opportunity assessment by country
Global automotive lightweight material market, by region, 2024 (US$M)
Related regional statistics
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