全球輕量汽車市場 - 成長，趨勢，預測(2018年∼2023年)
Lightweight Car Market - Growth, Trends, and Forecast (2019 - 2024)
|出版商||Mordor Intelligence LLP||商品編碼||635784|
|出版日期||內容資訊||英文 60 Pages
|全球輕量汽車市場 - 成長，趨勢，預測(2018年∼2023年) Lightweight Car Market - Growth, Trends, and Forecast (2019 - 2024)|
|出版日期: 2019年06月01日||內容資訊: 英文 60 Pages||
The global lightweight car market is anticipated to register a CAGR of about 5% during the forecast period (2019 - 2024).
Factors, such as increasing demand for lightweight material from the automotive industry and growing focus on fuel economy are expected to be major growth drivers for the market. However, the high cost of lightweight materials, such as carbon fiber and glass composites is hindering the growth of the market, as their usage in low-cost vehicles, may drastically increase the prices of such vehicles.
The automotive sector is one of the largest markets for composite materials. The automotive industry is continuously looking for innovative materials to help reduce vehicle weight and achieve fuel efficiency and carbon emission targets.
Asia-Pacific is expected to witness the fastest growth in the market, due to the growing automotive industry in the region (in terms of both production and demand), especially in countries, such as India and China. In India, the automotive industry is expanding rapidly, with the rise in the income level of consumers. In addition, the demand for light vehicles has increased with awareness about fuel efficiency and environmental benefits. Currently, it is the 5th largest producer of light and commercial vehicles and is also the second-largest producer of two-wheeled vehicles. With the rapid increase in manufacturing capacities in the country, the consumption of carbon fiber composites is expected to increase during the forecast period.
The global lightweight car market has been segmented by car type, material type, and geography.
As fuel costs and distance traveled is increasing, consumers want better miles per gallon (mpg) and often consider gas mileage as a key factor in purchasing a vehicle. The global vehicle production has been on a continuous rise till 2017 and the year 2018 saw a 1.1% decrease. With the enactment of stringent emissions regulations due to increased exhaust emissions, the automobile manufacturers are focusing on the manufacturing of lightweight vehicles to reduce CO2 emissions. A 10 kilogram weight reduction is estimated to save 1 gram of CO2 per kilometer. In the United States, the regulations mandate that by 2025, the average fuel economy standard must meet 54.5 miles per gallon. As per the US Department of Energy (DOE), reducing the weight of a vehicle by 10% yields a 6 - 8% rise in fuel economy
Thus, to facilitate this change, automobile manufacturers are shifting from steel or aluminum to composite materials that are essential to achieve cost efficiency of these highly automated production cycles, which reduces vehicle weight. In a typical automobile, the use of fibers is 50% by volume, while adding just 10% of the weight
As a result, the companies have started using materials, such as carbon fiber and titanium alloys to make vehicles lightweight and fuel-efficient, especially in luxury and Sport models. Automotive manufacturers, such as BMW, Mercedes-Benz, McLaren, Chevrolet, and Lamborghini, are some of the OEMs who are continually increasing the usage of composites in their vehicles, as they aid in reducing the weight of the vehicles.
With the enactment of stringent emission norms and fuel economy standards in the European region, the automobile manufacturers in the region have started using carbon fiber composites in the manufacturing of their vehicles.
The companies are experimenting with new composites that can reduce the total weight of the vehicle to a great extent. The application of carbon fiber-reinforced plastic (CFRP) has been widely adopted for the production of automotive bodies, particularly in German cars, such as BMW and Audi.
For instance, BMW partnered with German carbon fiber producer SGL Group and spent ~USD 1 billion for securing the supply chain for CFRP used in the production of i3 and i8. Apart from BMW, another German automobile manufacturer Audi has also been using CFRP to produce the rear wall of the space frame for its A8 luxury sedan. This part provides ~40% of the vehicle's overall torsional rigidity, making it a suitable material for the usage in the vehicle. The part is ~50% lighter in weight than its metallic predecessor.
Formed in February 2018, the technical partnership between Aston Martin and Dow will enable the continued development and implementation of new and customized industry-leading solutions in light-weighting, powertrain efficiency, and vehicle electrification.
Some of the major players in the lightweight car market are - Toyota, Volkswagen, Hyundai-Kia, General Motors, and Ford.
The market for lightweight cars is majorly held by auto manufacturers who have a long-standing partnership with the major composite manufacturing companies and are their preferred suppliers. The top 5 car producers hold almost 45% of the market as of 2018.