Automotive Lightweight Materials Market
REPORT DESCRIPTION
Automotive Lightweight Materials Market- Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2016 - 2024
With the presence of a large pool of established automobile manufacturers , such as Tata , BMW , Audi , General Motors , and Ford , the worldwide market for automotive lightweight materials demonstrates a highly competitive landscape in Asia Pacific , Europe , and North America , finds a new research report by Transparency Market Research ( TMR ). Currently , the market is led by multinational automakers with a robust regional presence . The high potential of this market points towards an intensified rivalry between players in the years to come .
Browse Market Research Report @
http :// www . transparencymarketresearch . com / automotive-lightweight-materialsmarket . html
According to TMR ’ s estimation , the global automotive lightweight materials market offered an opportunity worth US $ 149.03 bn in 2015 . Rising at a CAGR of 8.30 % during the period from 2016 to 2024 , the total valuation of this market is likely to cross US $ 301.36 bn by the end of the forecast period . Metals have been the most valued product in this market and are projected to remain so over the next few years .
With Burgeoning Automotive Industry , North America to Retain its Lead
The report also studies the worldwide market for automotive lightweight materials on the basis of its geographical presence . As per the study , the global market is spread across North America , Europe , the Middle East and Africa , Latin America , and Asia Pacific . In 2015 , North America emerged as the leading geographical segment in this market with a share of more than 30 %. The regional market is expected to retain its position over the forecast period , thanks to the significant growth in the North American automotive industry . The continual advancements in technology , robust manufacturing base , and the presence of a large pool of automobile manufacturers are also projected to boost the North America market for automotive lightweight materials in the years to come .
Transparency Market Research
2