Europe Automotive Lightweight Material Market Size & Outlook
Europe automotive lightweight material market, 2018-2030 (US$M)
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Europe automotive lightweight material market highlights
- The Europe automotive lightweight material market generated a revenue of USD 31,275.4 million in 2022.
- The market is expected to grow at a CAGR of 1.8% from 2023 to 2030.
- In terms of segment, composites was the largest revenue generating product in 2022.
- Plastics is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 31,275.4 million |
| Market revenue in 2030 | USD 36,168.8 million |
| Growth rate | 1.8% (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 |
| Key market players worldwide | Basf SE, Toray Industries Inc, LyondellBasell Industries NV Class A, Novelis, ArcelorMittal SA Depository Receipt, Alcon Inc, Owens-Corning Inc, Stratasys Ltd, Tata Steel Ltd GDR - 144A, POSCO Holdings Inc ADR |
Other key industry trends
- In terms of revenue, Europe region accounted for 36.5% of the global automotive lightweight material market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 34,808.2 million by 2030.
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Automotive Lightweight Material Market Scope
Automotive Lightweight Material Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 62.18% in 2024. Horizon Databook has segmented the Europe automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
The automotive industry in the region is highly competitive owing to the presence of numerous multinational manufacturers of passenger cars, commercial vehicles, and luxury vehicles. The European transport industry has witnessed major changes in the recent past owing to fluctuating demand from overseas markets, which has negatively affected the production quantity of the players.
However, increasing investments by the prominent vehicle manufacturers considering the rising demand for emobility is expected to upscale the production in the automotive industry.
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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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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 continent-level data and insights on the Europe automotive lightweight material market , including forecasts for subscribers. This continent databook contains high-level insights into Europe automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe automotive lightweight material market size, by country, 2018-2030 (US$M)
Europe Automotive Lightweight Material Market Outlook Share, 2024 & 2030 (US$M)
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