Glass Fiber Automotive Composites Market: Recent Industry Developments and Growth Strategies Adopted by Players

Market Segmentation as per Automotive Composites Industry Research

• By Fiber:

  • Glass Fiber Automotive Composites
  • Carbon Fiber Automotive Composites

• By Resin:

  • Thermoset Automotive Composites
  • Thermoplastic Automotive Composites

• By Manufacturing Process:

  • Compression Moulding
  • Injection Moulding
  • Resin Transfer Moulding (RTM)

• By Application:

  • Exterior Automotive Composites
  • Interior Automotive Composites
  • Powertrain Automotive Composites
  • Chassis Automotive Composites

• By Vehicle Type:

  • Automotive Composites for Non-electric Vehicles
  • Automotive Composites for Electric Vehicles

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Automotive Composites Market- Scope of Report

A recent study by Fact.MR on the automotive composites market offers a 10-year forecast for 2021 to 2031. The study analyses crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering automotive composites.

The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing automotive composites, along with their product portfolios, key strategies, and SWOT Analysis, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including revenue growth, and revenue generation across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the revenue of automotive composites market during the forecast period.

Market Size Evaluation

The market has been analysed for each market segment in terms of volume (`000units), and value (US$ Mn).

Market estimates at global and regional levels for automotive composites are available in terms of “US$ Mn” for value and in ‘’’000 units for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the revenue perspective in the global automotive composites market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.

Country-specific valuation on revenue for automotive composites has been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for key countries has also been included in the report.

Competition Analysis

The report sheds light on leading manufacturers of automotive composites, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering automotive composites has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the automotive composites market.

Key Takeaways from Market Study

• The global market for automotive composites is projected to top a valuation of US$ 20 Bn by 2031.
• Key factors driving sales of automotive composites are rising demand for lightweight materials in automotive, favourable emission control regulations, and surging sales of electric vehicles.
• Asia Pacific dominates the market with a revenue share of 47% on account of the region having a large automotive industry.
• Glass fiber composites account for around 75% of the overall market share for automotive composites.
• Exterior application of automotive composite accounts for 55% in terms of revenue of the overall market.

“Increasing need for lightweight materials to be used in the automotive industry surging demand for automotive composites,” says a Fact.MR analyst.