US$ 100 Bn Lightweight Automotive Body Panels Market Poised to Witness Steady Growth

VALLEY COTTAGE, New York, November 29, 2016 /PRNewswire/ --

Future Market Insights delivers key insights on the global lightweight automotive body panels market in its latest report titled "Lightweight Automotive Body Panels Market: Global Industry Analysis and Opportunity Assessment, 2016-2026." Global sales of lightweight automotive body panels is estimated to be valued at US$ 99.6 Bn by the end of 2016, witnessing a Y-o-Y growth of 3.9% over 2015. APEJ is estimated to account for a volume share of 29.2% in the global market by the end of 2016 and is expected to retain its dominance throughout the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

Automotive body panels such as bumpers, hoods, door panels, roof, and trunk lids are manufactured using lightweight materials such as high-strength steel, aluminium, magnesium, and polymers and composites in order to provide desired strength with reduced weight. Lightweight automotive body panels help improve fuel economy and performance of vehicles by reducing the overall weight of the vehicle. About 25% reduction in automobile weight saves 3.5 to 5.0 tonnes of greenhouse gas emissions over the lifetime of an average car. Manufacturers today are adopting lightweight body panels in vehicles in order to comply with government regulations pertaining to greenhouse gas emissions.

Request a Sample Report with Table of Contents: http://www.futuremarketinsights.com/reports/sample/rep-gb-1532

According to Future Market Insights analysis, steady recovery in global automotive production along with an increasing focus on lightweighting is driving market demand for lightweight automotive body panels. Rising disposable income with growing economic conditions is driving global automotive production. With an increase in automotive production, concerns for increasing greenhouse gas emissions is rising globally. In order to tackle greenhouse gas emissions, governments across the globe are implementing stringent regulations to meet fuel emission standards. To comply with such stringent regulations, manufacturers are expected to increase their focus on automotive lightweighting. Increasing automotive production along with an increasing focus on lightweighting is anticipated to drive market demand over the forecast period. However, high costs associated with lightweighting materials are hindering widespread adoption and this is likely to restrict market growth over the forecast period. 

Segmentation highlights  

The global lightweight automotive body panels market is segmented on the basis of Material Type (Metals, Polymers & Composites); Component Type (Bumpers, Hood, Door Panels, Trunk Lids, Roof, Others); and Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle).

• The Metals material type segment is estimated to be valued at US$ 92.7 Bn by 2016 end
• The Door Panels component type segment is anticipated to be a prominent segment accounting for maximum market share of 32.9% by 2016 end
• The Passenger Car vehicle type segment is estimated to expand at a significant CAGR of 5.5% over the forecast period

Preview Analysis on Global Lightweight Automotive Body Panels Market Segmentation By Material Type - Metals, High-Strength Steel, Magnesium, Aluminium, Polymers & Composites, Carbon Fibre Reinforced Plastics, Glass Fibre Reinforced Plastics and Other Polymer & Composite Materials, By Component Type - Bumpers, Hood, Door Panels, Trunk Lids and Roof, By Vehicle Type - Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle: http://www.futuremarketinsights.com/reports/lightweight-automotive-body-panels-market

Regional market projections 

The global lightweight automotive body panels market is segmented on the basis of region into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Japan, and Middle East & Africa. Middle East & Africa and APEJ are expected to register a relatively higher CAGR in terms of value over the forecast period. The anticipated automotive production growth in China and India is projected to drive market demand in the APEJ region. North America and Western Europe are projected to collectively account for a market value share of over 52.8% by the end of 2016.

Speak with Analyst for any Report Related Queries: http://www.futuremarketinsights.com/askus/rep-gb-1532

Vendor insights 

The global lightweight automotive body panels market report features some of the leading players operating in the global market. Top companies featured in the report include GORDON AUTO BODY PARTS CO. LTD., AUSTEM COMPANY LTD., Gestamp, Plastic Omnium, Magna International Inc., Stick Industry Co. Ltd., Changshu Huiyi Mechanical & Electrical Co. Ltd., KUANTE AUTO PARTS MANUFACTURE CO. LIMITED, Hwashin, FLEX-N-GATE CORPORATION, and ABC Group, Inc. Some of these companies are investing in research and development initiatives to provide lighter and cost-effective body panels to automakers.

More From FMI's Cutting-edge Intelligence: 

• Aircraft Cabin Interior Market By Product Type - Comprises Flooring, Sidewalls/Liners, Carts, Overhead Bins, Seats, Lavatory, Monuments, Windows and Others; By Aircraft Type - Large Body Aircraft, Wide Body Aircraft and Narrow Body Aircraft; BY Distribution Channel - OEM and Aftermarket: http://www.futuremarketinsights.com/reports/global-aircraft-cabin-interior-market

• Automotive Pumps Market Segmentation By Pump Type - Fuel Supply Pump, Fuel Injection Pump, Transmission Oil Pump, Engine Oil Pump, Steering Pump, Coolant Pump, Windshield Washer Pump, Vacuum Pump; By Vehicle Type - Passenger Cars, Commercial Vehicles, Heavy Vehicles; By Sales Channel - OEM, Aftermarket: http://www.futuremarketinsights.com/reports/automotive-pumps-market

• Compaction Machine Market Segmentation By Product - Heavy Compaction Machines (Heavy Tandem Roller, Single Drum Roller, Pneumatic Roller) And Light Compaction Machines (Rammer, Vibratory Plates, Walk Behind Roller, Light Tandem Roller, Trench Roller): http://www.futuremarketinsights.com/reports/compaction-machines-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Automotive and Transportation Market Insights

Contact Us
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44-207-692-8790
Sales: sales@futuremarketinsights.com
Press@futuremarketinsights.com

Website: http://www.futuremarketinsights.com