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Automotive Composites Market Drivers, Restraints, Potential Growth Opportunities, Product Size, Application Estimation, Vendor Competitive Landscape, Trends 2026

Author : Ronak Bora | Published Date : 2020-09-14 

Global automotive composites market size is poised to witness notable growth over the next several years. Composite materials are widely preferred in vehicle structures and auto parts due to high strength, robust durability, and light weight. The rapidly growing trend of electric vehicles (EVs) and autonomous cars will offer lucrative opportunities to automotive composite manufacturers.

The ongoing coronavirus outbreak has become a major roadblock for automotive production globally. However, following the crisis, automakers are expected to gear up for the large-scale production of EVs and self-driving cars to meet the surging public demand for sustainability.

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The automotive composites market share is segmented into injection, compression, RTM resin transfer molding, and others, depending on the manufacturing process. The others segment is slated to register a CAGR of more than 5% during the forecast period. This can be associated with growing implementation of composites in the structural elements of vehicles and the need for advanced and innovative manufacturing processes to meet the global automotive demand.

In the automotive industry, composite materials are used in interior, exterior, structural & powertrain, and other applications. The others application segment is projected to grow at a CAGR of 5% through 2026. This growth can be largely attributed to tightening regulations pertaining to vehicular emissions. Growing focus towards environmental sustainability and demand for fuel-efficient and light weight vehicles has increased the use of composites in numerous automotive applications. Governments in many regions have introduced favorable norms to encourage the adoption of electric vehicles, which will complement the industry outlook.

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Automotive composites industry share in the Middle East and Africa (MEA) region is expected to experience a CAGR of over 5.5% during the analysis period. The region has witnessed a significant rise in the adoption of high-end and luxury vehicles over the past few years. With robust economic growth and a notable uptick in people's disposable incomes, the preference for premium and luxury cars has increased tenfold in recent years.

The MEA region is one of the most crucial markets for automakers around the world. Right from some of the world's largest automakers with a premium product portfolio to new entrants that focus on mass-market components, every player is eyeing the region to expand their presence and gain a larger market share.

With the presence of favorable government indicatives, MEA countries are ready to adapt to the constantly changing trends and preferences. Governments in these countries are actively encouraging the adoption of electric mobility, as the region takes a step further towards a major shift in automotive usage patterns.

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Report Content

Chapter 1    Methodology & Scope

1.1    Market definitions

1.2    Base estimaion & working

1.2.1    North America

1.2.3    Europe

1.2.3    APAC

1.2.4    LATAM

1.2.4    MEA

1.3    Forecast calculations

1.2.1    COVID-19 impact calculations on industry forecast

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary    Paid sources    Public sources

Chapter 2    Executive Summary

2.1    Automotive composites industry 3600 synopsis, 2016 - 2026

2.1.1    Business trends

2.1.2    Fiber trends

2.1.3    Resin trends

2.1.4    Manufacturing process trends

2.1.5    Application trends

2.1.6    Regional trends

Chapter 3    Automotive Composites Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2016 - 2026

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Manufacturers

3.3.3    Profit margin analysis

3.3.4    Distribution channel analysis    End-users    E-commerce

3.3.5    Application

3.3.6    Vendor matrix

3.4    Pricing analysis

3.4.1    By region    North America    Europe    Asia Pacific    Latin America    Middle East & Africa

3.5    Cost structure analysis

3.5.1    R&D cost

3.5.2    Manufacturing & equipment cost

3.5.3    Raw material cost

3.5.4    Others

3.6    Technology landscape

3.6.1    Carbon fiber reinforced thermoplastic composites (CFRTP) technology

3.6.2    Predictive engineering tools

3.7    COVID-19 impact on automotive composites industry

3.8    Regulatory landscape

3.8.1    U.S.    The National Highway Traffic Safety Administration (NHTSA)    California Standards

3.8.2    Europe    European Commission

3.8.3    APAC    China Emission Standards    Japan    India    South Korea

3.8.4    LATAM    Brazil

3.8.5    MEA    South Africa

3.9    Industry impact forces

3.9.1    Growth drivers by region    North America    Weight reduction trend in vehicles    Europe    Presence of major car manufacturers    Asia Pacific    Increasing penetration of electric and hybrid vehicle    Latin America    Improvement in the automotive industry    Middle East & Africa    High demand for luxury cars

3.9.2    Industry pitfall & challenges    Complex designing process    Temporary closure of manufacturing facilities due to COVID-19

3.10    Innovation & sustainability

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    Competitive landscape, 2019

3.13.1    Company market share    Top players analysis

3.13.2    Strategy dashboard

3.13.3    List of manufacturing plants

3.14    PESTLE analysis

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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