UK Automotive Lightweight Material Market Size & Outlook
UK automotive lightweight material market, 2018-2030 (US$M)
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UK automotive lightweight material market highlights
- The UK automotive lightweight material market generated a revenue of USD 3,705.7 million in 2022 and is expected to reach USD 3,922.3 million by 2030.
- The UK market is expected to grow at a CAGR of 0.7% 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 3,705.7 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 |
Other key industry trends
- In terms of revenue, UK accounted for 4.3% 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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UK 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 58.83% in 2022. 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.
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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 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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UK automotive lightweight material market size, by product, 2018-2030 (US$M)
UK Automotive Lightweight Material Market Outlook Share, 2022 & 2030 (US$M)
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