Europe Automotive Lightweight Material Market Size & Outlook
The automotive lightweight material market in Europe is expected to reach a projected revenue of US$ 36,168.8 million by 2030. A compound annual growth rate of 1.8% is expected of Europe automotive lightweight material market from 2023 to 2030.
Revenue, 2022 (US$M)
$31,275.4
Forecast, 2030 (US$M)
$36,168.8
CAGR, 2023 - 2030
1.8%
Report Coverage
Europe
Europe automotive lightweight material market, 2018-2030 (US$M)
Related Markets
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 segmentation & scope
Automotive Lightweight Material Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 2022. 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.
- Europe Automotive Lightweight Material Product Outlook (Revenue, USD Million, 2018-2030)
- Metals
- Composites
- Plastics
- Elastomers
- Europe Automotive Lightweight Material Application Outlook (Revenue, USD Million, 2018-2030)
- Body in White
- Chassis and Suspension
- Powertrain
- Closures & Fenders
- Interiors
- Other Applications
- Europe 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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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$M)
Europe Automotive Lightweight Material Market Outlook Share, 2022 & 2030 (US$M)
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