Automotive Lightweight Materials Market: OEMs Replace Traditional Steel with High-Strength Steel

Posted on 2019-03-26 by Mark Hub in Technology // 0 Comments

ALBANY, US, 2019-Mar-26 — /EPR Network/ —

Amid drastic climate change in recent years, automotive industry is aspiring to develop new functional materials to enhance vehicle’s fuel efficiency. The grave environmental issues linked with greenhouse gas emissions have triggered automotive manufacturers to seriously focus on the development of fuel-efficient and lightweight vehicles. Vehicle weight reduction is a prevalent strategy to improve fuel economy in vehicles. Accordingly, most of North American and European OEMs have chalked out weight reduction plans. As such, reduction in vehicle weight can be achieved through a combination of vehicle redesign and contents reduction, vehicle downsizing and material substitution.OEMs related to automotive industry have replaced traditional steel with high-strength steel aimed at reducing the vehicle weight. In order to attain strength and formability akin to mild steel, high-strength steel is manufactured by using a combination of alloy composition and processing methods.

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These actionable insights are according to the intelligence report, titled, “Automotive Lightweight Materials Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been freshly added to the growing repository of Market Research Reports Search (MRRSE).

The use of lightweight materials in passenger cars expanding to doors, instrumental panels, seating, rear trays, sun visors and pillars and cover panels has boosted the automotive lightweight materials manufacturers. Moreover, the applicability of advanced plastics and composites to automotive components has been instrumental in the vehicle’s weight reduction.

This report provides an exhaustive analysis on automotive lightweight materials market which is based on quantitative and qualitative assessment. Furthermore, the report elucidates the drivers, restraints, trends, opportunities, which have bearing on the growth of automotive lightweight materials market. Besides, the report also encompasses segregation of the market to provide a comprehensive analysis of the automotive lightweight materials.

The report encompasses illustrative executive summary and market overview section. The automotive lightweight materials market overview section delineates major trend analysis, Porters’ Five Force Analysis, value chain analysis. Predominantly, Porters’ Five Force Analysis offers deep dive analysis on competitive scenario of the automotive lightweight materials market. Besides, the report on automotive lightweight materials incorporates the market outlook and attractiveness analysis. Further, the report also elucidates pricing analysis and market value projection to provide holistic view of the market.

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The report focuses on macroeconomic factors such as profitability of enterprises and economic outlook. Moreover, the macroeconomic factors also provides an in-depth assessment on inflation and deflation. The report also peruses into the complex eco-system and risk mitigation to further elucidate the automotive lightweight materials market.A thorough analysis of competitive scenario of the automotive lightweight materials market is underpinned by a comprehensive analysis of Porters’ Five Force Analysis. Further, the report deals with financial overview, company overview, recent development, sales footprint, product portfolio and key differentiator.The analysis in the report is the result of the primary sources, including veracious and unbiased views of seasoned analyst, interview, surveys, interactions in person and assessment by experts. Moreover, the report is underpinned by secondary sources incorporating trade journals, verified paid source, and resourceful database. The report is also backed up by absolute dollar opportunity analysis which have considerable in furthering the development of the automotive lightweight materials market.

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