Automotive Vehicle Light Weighting Market Trends and Analysis by Technology and Companies
All the vital news, analysis, and commentary curated by our industry experts.
Automotive Vehicle Light Weighting Report Overview
The global vehicle lightweight material market is expected to grow rapidly due to new fuel economy regulations and CO2 emissions protocols. It was expected that Europe would be the top region for this growth.
The Automotive Vehicle Light Weighting research report provides an overview of the automotive industry scenario regarding the outlook in terms of global trends, drivers, technologies, and developments. The report also covers a PESTER overview of the market along with recent developments by major players.
|Key Companies||· Novelis
· Magna International
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Automotive Vehicle Light Weighting Dynamics
The market is expected to grow due to strict fuel economy regulations and concerns about CO2 emissions. Several governments across the globe have introduced stringent emission and fuel economy regulations for vehicles. These regulations have compelled automakers to use more lightweight materials, such as lightweight metals, composites, and plastics. Advanced lightweight materials improve a vehicle’s fuel economy while maintaining safety and performance. A 10% decrease in vehicle mass can boost fuel economy by 6 to 8%. The use of lightweight materials reduces fuel consumption in a vehicle because less weight requires less energy to accelerate. Lightweighting can be achieved through efficient design, material selection, manufacturing, and assembly.
The demand for alternatives of steel is one of the key trends in the market. Market participants are increasingly looking for alternative materials for increasing energy efficiency as well as lowering carbon emissions. Metals used as raw materials in automobile manufacturing are tested for strength and resistance. As the world shifts away from internal combustion engines and toward electric vehicles, the search for a stronger yet lighter metal has led to Aluminum. It reduces vehicle weight, allowing for smoother acceleration and improving the performance, safety, efficiency, and durability of an electric vehicle, among other benefits that include environmental protection.
Automotive Vehicle Light Weighting – Key Innovations and Technologies
InCar Plus from ThyssenKrupp to increase efficiency while reducing weight: ThyssenKrupp’s most recent invention, InCar Plus, aims to reduce weight and increase energy efficiency in automobiles. InCar Plus integrates economic, ecological, and technological efficiency, aids in meeting cost and emission targets, and makes creative solutions for future mobility possible.
Light Weighting foam and poxy system from BASF for durable, and lighter components: With the development of Kerdyn PET foam and the Baxxodur epoxy system by BASF, larger, more durable, and lighter rotor blades are now possible. This is contributing to the improvement of the efficiency of wind energy. Engine covers, front-end components, lower bumper stiffening elements, gearbox cross-members, turbocharged engine pipes, oil pans, and body structural elements are just a few of the lightweight plastic automobile parts and components currently on the market.
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Automotive Vehicle Light Weighting - Competitive Landscape
The companies operating in the automotive vehicle light weighting are:
- Magna International
The Novelis AdvanzTM and FusionTM product portfolios include high-performance alloys found in over 225 models across all applications. Aluminum, the growing material of choice for the automotive industry, provides a safe, sustainable, and cost-effective way to lightweight vehicles, resulting in improved performance and agility, increased fuel economy, and lower carbon emissions. Novelis also collaborates with automakers to incorporate more aluminum into next-generation vehicle design, whether for an aluminum-intensive or mixed-material vehicle.
Automotive Vehicle Light Weighting Analysis by Companies
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Automotive Vehicle Light Weighting - Latest Developments
- Toyota engineers collaborated with their counterparts at US Farathane and BASF to create the IsoDynamic Performance Seat, which is allegedly the world’s first resin frame adoption, for the 2024 Tacoma TRD Pro. In order to pass all front-row seat regulations and reduce weight and cost by an estimated 20%, Toyota combined over 17 separate steel pieces into a single molded element.
- Recently, AGC announced that it developed a light-control panoramic roof with Low-E coating to be launched by Toyota Motors. The use of Low-E glass*2 with high solar control and heat insulating performance allows the panoramic roof to provide both an open cabin environment and a comfortable cabin temperature, while the elimination of a sunshade contributes to a lighter body.
It includes an analysis of the following –
- Trends & Drivers: Provides an overview of the current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
- The analysis also covers a regional overview across regions-Asia-Pacific, Europe, North America, South America, and MEA highlighting sector size and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region. The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances. The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion. To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
Asahi Kasei Plastics
Table of Contents
- 1. Executive Summary
- 2. Part 1: Main Trends and Drivers
- 2.1. Trends
- 2.2. Drivers
- 3. Part 2: Technologies and Innovations
- 4. Part 3: PESTER Analysis
- 5. Part 4: Latest Developments
- 6. Part 5: Key Companies
- 7. Part 6: Patent Analysis
- 8. Patent Analysis
- 9. Part 7: Appendix
Frequently asked questions
What is driving the automotive vehicle light weighting market?
The automotive vehicle light weighting market is expected to grow due to strict fuel economy regulations and concerns about CO2 emissions.
Which is the growing material of choice for the automotive industry?
Aluminum is the growing material of choice for the automotive industry. It provides a safe, sustainable, and cost-effective way to lightweight vehicles, resulting in improved performance and agility, increased fuel economy, and lower carbon emissions.
Who are the key players operating in the automotive vehicle light weighting?
The companies operating in the automotive vehicle light weighting are Novelis, Constellium, BASF, Magna International, and Covestro among others.
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