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Automotive Lightweight Car Market Size, Share, Analysis 2031
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Automotive Lightweight Car Market Size, Share, Analysis 2031

Segments - Europe Automotive Lightweight Car Market by Material Types (Metals, Composites, and Plastics), Manufacturing Processes (Extrusion, Stamping, Forging, Casting, and Others), Applications (Structural, Powertrain, Interior, and Exterior), and Geography (Germany, the UK, France, Italy, Spain, and Rest of Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Akash Vedpathak
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-1825 | 4.6 Rating | 58 Reviews | 193 Pages | Format : PDF Excel PPT

Report Description


The Europe automotive lightweight car market size was USD 86.55 Billion in 2022 and is likely to reach USD 187.98 Billion by 2031, expanding at a CAGR of 9% during 2023–2031. The growth of the market is attributed to increasing usage of high strength steel (AHSS) for mass vehicle reduction.

Automobile lightweight materials have a high strength-to-weight ratio, excellent corrosion resistance, and significant design freedom, making them ideal for use in the manufacturing of automotive systems. Automotive lightweight car makers use plastics, polymer composites, steel, magnesium, and aluminium to meet the evolving requirements of the industry. Mix of alloys and composites, with non-ferrous metals with low density are utilised in the industry. Metal alloys are easy to forge and find useful in numerous applications.

Europe Automotive Lightweight Car Market Outlook

  • Increasing focus on fuel efficiency and stringent regulations by regulatory authorities is anticipated to boost the market growth.

  • Rising fuel economy standards is projected to push the market expansion in the coming years.

  • High usage of carbon fiber composites by automobile manufacturers is expected to drive the market growth in the coming years.

  • Rising application of lightweight car materials in the alternative fuel vehicle industry is expected to spur the market growth during the forecast period.

  • The COVID-19 outbreak led to the closedown of the manufacturing facilities, which in turn, disrupted the automotive industry. However, the relaxation in restrictions is expected to help the market reach pre-COVID level soon.

  • High demand for weight reduction to improve performance and safety of cars is expected to propel the market growth during the forecast period.

  • Increasing R&D investment to reduce the cost of materials is expected to create opportunities for the market players.

Scope of Europe Automotive Lightweight Car Market Report

The report on the Europe automotive lightweight car market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automotive Lightweight Car Market -Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Material Types (Metals, Composites, and Plastics), Manufacturing Processes (Extrusion, Stamping, Forging, Casting, and Others), and Applications (Structural, Powertrain, Interior, and Exterior)

Geographical Scope

Germany, the UK, France, Italy, Spain, and Rest of Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ThyssenKrupp AG, Ssab Steel, POSCO, Arcelor Mittal, and AK Steel Holding Corporation

Europe Automotive Lightweight Car Market Segment Insights

Metals segment to account for a major market share

Based on material types, the market is divided into metals, composites, and plastics. The metals segment is expected to account for a key market share during the forecast period. Advanced High Strength Steel (AHSS) has become an essential material for mass vehicle reduction. The body structure, panels, doors, and trunk closures are all made up of steel, which provides energy absorption and excellent strength in the event of a collision.

Casting segment is expected to register at a high CAGR

In terms of manufacturing processes, the market is segregated into extrusion, stamping, forging, casting, and others. The casting segment is expected to grow at a rapid pace in the coming years. The casting method has several advantages, including operational flexibility, lower cost per part, and high production capacity. The procedure is quite adaptable for mass production, allowing for the rapid development of a large number of castings.

Powertrain segment is anticipated to expand at a substantial CAGR

In terms of applications, the market is classified as structural, powertrain, interior, and exterior. The powertrain segment is anticipated to register a substantial CAGR during the forecast period. Powertrain accounts for more than 27% of the vehicle weight. Hence, a huge potential opportunity to deploy lightweight material in the system is driving the segment growth.

Europe Automotive Lightweight Car Market Application

Germany to account for a significant market share

Based on geography, the market is segregated into Germany, the UK, France, Italy, Spain, and Rest of Europe. Germany is anticipated to dominate the market owing to presence of major auto manufacturers and adoption of advanced materials in the cars. Moreover, the rapid growth of the electric vehicle (EV) industry is propelling the market growth in the country.

Segments

The Europe Automotive Lightweight Car market has been segmented on the basis of

Material types

  • Metals
  • Composites
  • Plastics

Manufacturing Processes

  • Extrusion
  • Stamping
  • Forging
  • Casting
  • Others

Applications

  • Structural
  • Powertrain
  • Interior
  • Exterior

Geography

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Key Players

  • ThyssenKrupp AG
  • Ssab Steel
  • POSCO
  • Arcelor Mittal
  • AK Steel Holding Corporation

Competitive Landscape

Key players competing in the market include ThyssenKrupp AG, Ssab Steel, POSCO, Arcelor Mittal, and AK Steel Holding Corporation.

Europe Automotive Lightweight Car Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Lightweight Car Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Lightweight Car Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Lightweight Car Market - Supply Chain
  4.5. Global Automotive Lightweight Car Market Forecast
     4.5.1. Automotive Lightweight Car Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Lightweight Car Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Lightweight Car Market Absolute $ Opportunity
5. Global Automotive Lightweight Car Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Lightweight Car Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Lightweight Car Demand Share Forecast, 2019-2026
6. North America Automotive Lightweight Car Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Lightweight Car Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Lightweight Car Demand Share Forecast, 2019-2026
7. Latin America Automotive Lightweight Car Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Lightweight Car Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Lightweight Car Demand Share Forecast, 2019-2026
8. Europe Automotive Lightweight Car Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Lightweight Car Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Lightweight Car Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Lightweight Car Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Lightweight Car Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Lightweight Car Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Lightweight Car Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Lightweight Car Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Lightweight Car Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Lightweight Car Market: Market Share Analysis
  11.2. Automotive Lightweight Car Distributors and Customers
  11.3. Automotive Lightweight Car Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. ThyssenKrupp AG
     11.4.2. Ssab Steel
     11.4.3. POSCO
     11.4.4. Arcelor Mittal
     11.4.5. AK Steel Holding Corporation

Methodology

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