Automotive Lightweight Materials Market size is evaluated at USD 144.4 billion in 2024 and is poised to reach USD 279.1 billion by the end of 2037, expanding at around 5.5% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of automotive lightweight materials is estimated at USD 152.3 billion.
The automotive lightweight materials market is bolstering primarily due to the growing focus on fuel efficiency and reducing greenhouse gas emissions, which has led automotive OEMs to manufacture lightweight vehicles. According to the United Nations Organization, the transport sector accounts for around 30% of CO2 emissions in developed countries and 23% of total man-made CO2 emissions globally. Automobile manufacturers are constantly developing new materials, the majority of which are lightweight, to enhance engine efficiency, vibration and sound absorption, and vehicle safety.
Automakers are increasingly using advanced materials such as carbon fiber, aluminum alloys, and high-strength steel to reduce vehicle weight. These materials are integrated into various parts of the vehicle, including the chassis, body panels, and interior components. Moreover, manufacturers are optimizing vehicle designs to incorporate lightweight materials without compromising structural integrity or safety. This includes advanced simulation and modeling techniques to ensure performance and safety standards are met.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.5% |
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Base Year Market Size (2024) |
USD 144.4 billion |
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Forecast Year Market Size (2037) |
USD 279.1 billion |
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Regional Scope |
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Material (Metal, Composite, Plastic, Elastomer)
The metal segment is projected to hold more than 44.2% automotive lightweight materials market share by 2037. The segment growth can be attributed to the use of lightweight metals in the body structures and chassis of electric vehicles. These metals include high-strength steel, titanium, magnesium, and aluminum. The increasing need for dependability in areas such as instrument panels, under-body floors, passenger compartment frames, chassis, and other places is expected to drive up demand for metallic materials. Automobile metallic structures improve vehicle integrity since they are stable and long-lasting.
Components (Frames, Wheels, Bumpers & Fenders, Engines & Exhausts, Transmission, Doors, Hood & Trunk Lids, Seats, Instrument Panels, Fuel Tanks)
The frames segment in automotive lightweight materials market is estimated to gain a significant share by 2037. The segment growth can be attributed to the strength and stability provided by frames in various settings. Generally made of steel, a vehicle's frame accounts for a sizeable portion of the vehicle's weight. The OEMS employs advanced lightweight materials such as high-strength steel, aluminum, and composites.
Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Trucks, Buses)
The passenger vehicles segment is poised to hold a notable share in automotive lightweight materials market during the forecast period. The segment growth can be attributed to the burgeoning middle-class population in developing nations and a surge in disposable income. According to Trading Economics, in China, disposable personal income rose from USD 6957.33 in 2022 to USD 7315.63 in 2023. The growing demand from end users is expanding the passenger car segment, which includes sedans, SUVs, hatchbacks, premium hatchbacks, and multi-utility vehicles. The market's trend toward high-performance and fuel-efficient cars has forced manufacturers to employ lightweight materials and spurred the segment's expansion.
Our in-depth analysis of the automotive lightweight materials market includes the following segments:
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Material |
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Application |
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Components |
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Vehicle Type |
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APAC Market Statistics
Asia Pacific in automotive lightweight materials market is projected to account for around 37.5% revenue share by 2037. The market is expanding in the region owing to the expansion of the automotive industry. The market for these lightweight materials is also expected to increase due to the region's abundance of natural resources and high demand from end users of passenger and commercial vehicles.
In China, lightweight automotive materials such as high-strength steel and aluminum alloys are used in major automobiles. According to the International Aluminum Institute, China aluminum sector has advanced significantly in two areas since the 1980s. One is the annual primary aluminum output, which accounted for 58.8% of the global output in 2022 and increased steadily from about 400,000 tons in 1983 to 40.21 million tons.
The automakers in India are lightening the weight of large SUVs with more features by using lightweight materials like aluminum alloys and high-strength steel. Both fuel economy and CO2 emissions are maintained as a result. Automobiles incorporate a higher proportion of high-strength steels and hot-stamped parts, resulting in a 10% weight reduction and a 6-8% improvement in fuel economy.
The automotive lightweight materials market is expanding rapidly in South Korea as business executives take advantage of the country's emphasis on sustainability and innovation. A highly competitive marketplace is being fostered by key competitors' increased focus on creating solutions that address the particular needs of South Korean customers.
North America Market Analysis
North America will encounter huge growth in the automotive lightweight materials market during the forecast period. The automotive lightweight materials market for lightweight automotive components is anticipated to be driven by pollution control regulations, the growing demand for fuel-efficient automobiles, and an increase in the need for light components.
The automotive lightweight materials market is growing in the U.S. due to the growing demand for passenger cars. For instance, by 2028, it is anticipated that the US passenger car will sell 14.04 million vehicles. Also, the presence of major manufacturers in the region is contributing to the automotive lightweight materials market growth. In Canada, the manufacturers are highly investing in research & development activities which has resulted in the use of innovative lightweight materials in vehicle production.
The majority of the automotive lightweight materials market share is held by a large number of producers in a highly competitive industry. Industry players utilize various crucial company tactics such as launching new products, obtaining approvals, making strategic acquisitions, and driving innovations to maintain and expand their global presence.
Author Credits: Saima Khursheed
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