The Global Automotive Light Weight Body Panel Market report for by Material (Metal, Polymer & Composites, Rubber, Other), by Components (Bumpers, Door panel, Roof Other), by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America) is expected to reach US $ 2910.5 Mn by 2027, at a CAGR of 20.29 %.
An increase in adoption of Metal Segment expected to boost the growth in the Market.
The Metal segment is dominating however. The implementation of more efficient, alternate power train systems, such as hybrid-electrics or fuel cells, will also lead to major changes in materials. Durability and cost of this segment is low as compared to other material. However Many Manufacturers use of thin-wall magnesium die casting in body panel applications.
The North America region is projected to be leading region in the Global Automotive Light Weight Body Panel Market.
Region-wise, the market is segmented into the North America, Europe, Asia Pacific, Middle East & Africa and South America. Among these, the North America region is expected to grow at a XX% rate of CAGR during the forecast period. Manufacturers of this region are focusing on development of new and advanced technologies of Automotive Light Weight Body Panel Market.
Key players operating in the Global Automotive Light Weight Body Panel Market includes, Austem Company Ltd (Korea), Arcelor Mittal S.A. ( Luxembourg), Hwashin Tech Co Ltd (South Korea), BASF SE (Germany), Alcoa Corporation (U.S.), Plastic Omnium (France), Magna International Inc(Canada),ThyssenKrupp AG (Germany), Kuante Auto Parts Manufacture Co. Limited(China).
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Automotive Light Weight Body Panel Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Automotive Light Weight Body Panel Market positioning of competitors.
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