Global Automotive Composites Market to reach $9.6BN in 2014

Friday 28 February 2014, Amsterdam

Global Automotive Composites Market to reach $9.6BN in 2014
The new analysis indicates that the global Automotive Composites market will be worth $9.6bn in 2014, as opportunities for light-weighting, requirements for fuel efficiency and global regulations for emission reduction drive the increment of composites’ penetration into passenger cars.

The Automotive Composites market is therefore forecasted to record growth over the forecast period 2014-2024 accelerating faster that the global automotive market due to increasing demands for fuel efficiency.   

The author of the Automotive Composites Market Forecast 2014-2024: Leading Companies Striving for Light-Weighting, Fuel Efficiency & Emission Reduction report commented that: ‘’Growth in the Automotive Composites Market is mainly driven by four factors. Firstly, the constant demand for fuel-efficient vehicles, by reducing weight which reduces running costs and fuel consumption, will enhance the penetration of Composites into the Automotive sector due to their light-weight and stiffness. Secondly, environmental regulations for low carbon emissions – in the EU, the 2015 target for fleet average CO2 emissions of 130g/km and the 2020 target for 95g/km and the Corporate Average Fuel Economy in the US- dictate more fuel efficient vehicles from 2015 onwards. Thirdly, the increased demand for electric and hybrid vehicles in which composites’ usage for light-weighting is of essence, has turned automakers’ focus to light-weight Composite Materials. Fourthly, the introduction of new models with more varied and extensive usage of composites in the period 2015-2020 will substantially increase the production of Composites for all Automotive applications.

These drivers create opportunities for light-weighting, fuel efficiency and emission reduction through the usage of Automotive composites and will fuel growth throughout 2014-24. However, the market needs to overcome the high cost of Automotive Composites such as carbon fibre, difficulties in repairing and recycling and the strong competition from steel companies in order for Automotive Companies to increase there penetration into the high-volume medium and low-end vehicles.’’

The 194 page report contains 195 tables, charts and graphs that add visual analysis in order to explain developing trends within the Automotive Composites market. The new provides forecasts for the period 2014-2024 in terms of revenues ($bn). In addition, 5 regional and120 leading national Automotive Composites markets are forecasted and analysed over the period 2014-2024.

The global Automotive Composites market is segmented into two submarkets: By the type of Composite Materials: Polymer Matrix Composites (PMC),Metal Matrix Composites (MMC), and Ceramic Matrix Composites (CMC) also by the type of Composite Components, Interior Components, Body Components, Engine and Drivetrain Components and Other Component. The report also provides profiles of 20 leading companies operating within the market, divided into automotive manufacturers and composite components’ manufacturers operating in the Automotive Composites market

The Automotive Composites Market Forecast 2014-2024: Leading Companies Striving for Light-Weighting, Fuel Efficiency & Emission Reduction report will be of value to current and future potential investors into the automotive industry, as well as companies and research centres who wish to broaden their knowledge of the Automotive Composites market.
Automotive Composites Market Forecast 2014-2024

Automotive Composites Market Forecast 2014-2024

Publish date : February 2014
Report code : ASDR-99019
Pages : 194

Automotive Composites Market Report 2020-2030

Automotive Composites Market Report 2020-2030

Publish date : May 2020
Report code : ASDR-520659
Pages : May 2020

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