Italy Automotive Lightweight Material Market Size & Outlook
Italy automotive lightweight material market, 2018-2030 (US$M)
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Italy automotive lightweight material market highlights
- The Italy automotive lightweight material market generated a revenue of USD 3,751.4 million in 2022 and is expected to reach USD 4,022.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 0.9% 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.
Automotive lightweight material market data book summary
| Market revenue in 2022 | USD 3,751.4 million |
| Market revenue in 2030 | USD 4,022.3 million |
| Growth rate | 0.9% (CAGR from 2022 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Plastics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Italy accounted for 4.4% of the global automotive lightweight material market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany automotive lightweight material market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 5,841.5 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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Italy 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 61.24% in 2022. Horizon Databook has segmented the Italy automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
Automobile industry in Italy contributes around 6% to the country’s overall GDP with majority of its production is exported to the international markets. Automobile production in the country witnessed an average growth of 3.1% from 2018 to 2020 owing to a rise in the demand from domestic consumers.
Passenger cars and light commercial vehicle production accounted for a significant share in the overall production from 2018 to 2020. This has driven the demand for automotive lightweight materials in the country and the trend is expected to continue over the forecast period.
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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 country-level data and insights on the Italy automotive lightweight material market , including forecasts for subscribers. This country databook contains high-level insights into Italy automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy automotive lightweight material market size, by product, 2018-2030 (US$M)
Italy Automotive Lightweight Material Market Outlook Share, 2022 & 2030 (US$M)
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