Research Lightweight Automotive Body Panels Market | Page 4

Lightweight Automotive Body Panels Market
Lightweight Automotive Body Panels Market Projected to Register a CAGR of 4.8% Between 2016
and 2026
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 anticipated to be valued at US$ 99.6 Bn by 2016 end, witnessing a Y-o-Y growth of 3.9%
over 2015. APEJ is projected to account for a volume share of 29.2% in the global market towards
the close of 2016 and is expected to retain its dominance throughout the forecast period.
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.
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