Market revenue in 2022 | USD 3,705.7 million |
Market revenue in 2030 | USD 3,922.3 million |
Growth rate | 0.7% (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 |
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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 58.83% in 2024. Horizon Databook has segmented the UK automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
Automotive industry is one of the key parts for the UK economy with a turnover of about USD 112 billion in 2019, contributing more than 21 billion to the country’s GDP. As per data published by International Organization of Motor Vehicle Manufacturers, UK was the 16th largest automotive producer globally and 5th largest in Europe in 2019, with total production of 1.38 million.
The industry contributed about 13% of the total exports, with a value of about USD 62 billion. However, the production automotive fell by about 13.9% in 2019, owing to increase in imported automotive components cost from other European countries, following UK’s exit from the European union.
Horizon Databook provides a detailed overview of country-level data and insights on the UK automotive lightweight material market , including forecasts for subscribers. This country databook contains high-level insights into UK automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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