The Global Automotive Market is
expected to grow over the forecast period owing to the growth in the average
production of vehicles and sales volume globally per year. Light weight
materials are characterized by high strength and lighter weights. Light weight
materials enhance the bettering parameters such as acceleration and handling.
Automakers usually obtain more freedom, flexibility and ease with the
introduction of light weight materials in the automotive industry. It enables
designers to design vehicles that can be electronically operated by using
batteries which are available at lowers costs and provide higher performance
View Summary of This Report @ https://www.millioninsights.com/industry-reports/automotive-lightweight-materials-market
The global automotive light
weight materials market is expected to witness significant growth in the
forecast period owning to its wide spread applications in automotive sector.
Due to stringent rules and regulations pertaining to emissions and pollution
levels, this is expected to further increase and have and a wider application
platform. The growing demand in this market is majorly driven by increase in
the consumption of light weight materials in the automotive industry.
Structural application of these markets are estimated to
have the largest growth and a market share in terms of value. With stringent
emission norms, manufacturers in the automotive industry are required to follow
regulations that lead them to use lightweight materials that indirectly
improves efficiency in their vehicles. Requirements like better fuel
efficiency, improved mileage, better fuel economy, an improved driving
experience, better performance of the vehicle in addition to a greater power in
the driving experience ae other factors that fuel the increase in demand from
consumers for lightweight materials. In addition, use of lightweight materials
reduce the weight of the vehicle that provides enhanced security and better
experience. It has also given automotive designers an opportunity to innovate
and create new designs and structures owing to the property of these materials
to be readily and easily be molded into any desirable shape and size. They
therefore provide an added advantage of innovation to automotive manufacturers.
Light weight materials have a wide spread presence in the
aerospace industry. Plastics, carbon fibers and metals are used to manufacture
and design the structural, interior and exterior parts of a vehicle The fuel
consumption of a vehicle is drastically reduced by making the vehicle as light
as possible. If the weight of a vehicle is reduced by 10% the fuel consumption
can be reduced by about 5% to 7% owing to the reduced effort required to move
and accelerate the vehicle. Lighter the weight of the vehicle, lesser would be
the fuel consumption. Asia Pacific is
estimated to be the largest market in automotive light weight materials
industry in terms of volume. Major contributors of light weight materials in
Asia are China, India and Japan. Due to a reasonable amount of demand for
vehicles,by volume, in these regions, there are several light weight
manufacturers and suppliers who are readily available to contribute to the
market that can provide them with better profits.
Request a Sample
Copy of This Report @ https://www.millioninsights.com/industry-reports/automotive-lightweight-materials-market/request-sample
No comments:
Post a Comment