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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Our clientele includes a mix of automotive lightweight material market companies, investment firms, advisory firms & academic institutions.
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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)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 26,057.0 | 23,419.2 | 21,522.9 | 22,808.4 | 24,560.9 | 26,223.0 | 27,875.4 | 29,550.4 | 31,172.0 | 32,639.8 | 33,828.7 | 34,596.6 | 34,811.6 | 3.8% |
| Europe | 27,681.3 | 24,016.4 | 21,425.1 | 28,282.6 | 31,363.6 | 32,910.3 | 34,403.9 | 35,905.6 | 37,444.6 | 38,997.5 | 40,534.3 | 42,008.9 | 43,375.7 | 3.9% |
| Asia Pacific | 20,382.3 | 17,642.6 | 16,620.9 | 21,060.6 | 23,037.9 | 24,484.9 | 25,863.1 | 27,094.1 | 28,190.6 | 29,060.8 | 29,597.1 | 29,688.9 | 29,247.2 | 2.1% |
| Latin America | 3,799.5 | 3,250.7 | 2,789.8 | 3,507.2 | 3,828.7 | 4,062.6 | 4,212.7 | 4,324.6 | 4,430.0 | 4,525.5 | 4,607.0 | 4,670.0 | 4,709.3 | 1.9% |
| MEA | 2,890.1 | 2,472.6 | 2,152.9 | 2,658.8 | 2,946.9 | 3,114.4 | 3,280.6 | 3,438.7 | 3,579.1 | 3,689.9 | 3,756.7 | 3,764.9 | 3,702.4 | 2.0% |
| Overall | 80,810.1 | 70,801.5 | 64,511.7 | 78,317.6 | 85,737.9 | 90,795.1 | 95,635.6 | 100,313.4 | 104,816.3 | 108,913.4 | 112,323.8 | 114,729.3 | 115,846.3 | 3.3% |
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