Emergen Research has recently published a detailed report on the global Lightweight Materials for Electric Vehicle (EV) market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Lightweight Materials for Electric Vehicle (EV) market through verified and validated data curated to offer accurate insights.

The global lightweight materials for Electric Vehicle (EV) market size was USD 7.00 Billion in 2022 and is expected to register a revenue CAGR of 27.4% during the forecast period. Rising government initiatives in electric vehicles across the globe for reducing carbon emissions, rapid adoption of lightweight materials for EV devices, rising demand for electric vehicles for rising petroleum prices, and increasing product launches by key market players are some of the major factors driving the market revenue growth.

Rapid adoption of lightweight materials for EV devices is a major factor driving revenue growth of the market. As lighter vehicles spend less energy under the same conditions, lightweight technology is crucial in the field of electric car sustainability. Transitioning from metals to non-metallic composite materials gives automotive manufacturers several possibilities for achieving marginal advantages. Carbon-Fiber-Reinforced Plastic (CFRP), polymers, and other lightweight materials are extensively used in manufacture of electric cars. Furthermore, the use of such materials can reduce the weight of electric vehicles, improving their efficiency, range, and lifetime. By using lightweight structural materials, cars can carry more complex pollution control systems, safety equipment, and integrated electrical components without adding to the total weight of vehicle. Furthermore, increasing product launches by key market players is driving market revenue growth. For instance, on 15 August 2022, Mahindra & Mahindra introduced a new brand BE in the U.K., with five all-electric cars planned over the next five years. In Oxfordshire, U.K., an electric car portfolio of five electric automobiles was also displayed.

The latest research report is dubbed as the first document encompassing the latest information about the Lightweight Materials for Electric Vehicle (EV) market that has been gravely affected by the COVID-19 pandemic. The global health crisis poses significant threats to the future growth of the Lightweight Materials for Electric Vehicle (EV) industry. The report assesses the profound changes in this business setting caused by the outbreak and considers the prominent market aspects that have been severely disrupted by the pandemic. The report thus expounds on the rapidly changing market scenario in this COVID-19 era, which aims to help businesses involved in this sector overcome the pandemic’s gripping effects and formulate new growth strategies to boost the COVID-19 preparedness.

To receive a PDF sample of the report, visit @ https://www.emergenresearch.com/request-sample/2195

Market Overview:

The report bifurcates the Lightweight Materials for Electric Vehicle (EV) market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Lightweight Materials for Electric Vehicle (EV) Market Segmentation:

  • Material Type Outlook (Revenue, USD Billion; 2019-2032)

    • Metals and alloys
      1. Aluminum
      2. Magnesium
      3. Titanium
      4. High-strength Steel (HSS)
      5. Others
    • Plastics
      1. Polycarbonate (PC)
      2. Polyamide (PA)
      3. Polymethyl Methacrylate (PMMA)
      4. PET
      5. Others
    • Composites
      1. Carbon fiber-reinforced polymers
      2. Glass fiber-reinforced polymers
      3. Natural fiber-reinforced polymers
      4. Other composites
    • Elastomers
    • Others
  • Electric and Hybrid Vehicle Type Outlook (Revenue, USD Billion; 2019-2032)

    • Battery Electric Vehicle (BEV)
    • Hybrid Electric Vehicle (HEV)
    • Plug-in Hybrid Electric Vehicle (PHEV)
    • Extended Range Electric Vehicle (EREV)
    • Fuel Cell Electric Vehicle (FCEV)
  • Vehicle Type Outlook (Revenue, USD Billion; 2019-2032)

    • Passenger vehicles
    • Light commercial vehicles
    • Trucks
    • Buses

It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.

The report also discusses the key players involved in the market such as

Toyota Kirloskar Motor., Tata Steel, Tesla., Covestro AG, BYD Company Ltd., TOYOTA MOTOR CORPORATION., Ford Motor Company., Nissan Motor Co., Ltd., Mercedes-Benz Group AG., General Motors

Request customization of the report @ https://www.emergenresearch.com/request-for-customization/2195

Global Lightweight Materials for Electric Vehicle (EV) Market Highlights:

  • Regional demand estimation and forecast
  • Product Mix Matrix
  • R&D Analysis
  • Cost-Benefit Analysis
  • Pre-commodity pricing volatility
  • Supply chain optimization analysis
  • Technological updates analysis
  • Raw Material Sourcing Strategy
  • Competitive Analysis
  • Mergers & Acquisitions
  • Location Quotients Analysis
  • Carbon Footprint Analysis
  • Patent Analysis
  • Vendor Management

Regional Landscape section of the Lightweight Materials for Electric Vehicle (EV) report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/lightweight-materials-for-electric-vehicle-market

Highlights of Table of Contents (TOC):

  • Overview of Global Lightweight Materials for Electric Vehicle (EV) Market
  • Competitive analysis of the Lightweight Materials for Electric Vehicle (EV) market
  • Regional analysis of Global Lightweight Materials for Electric Vehicle (EV) market production and revenue
  • Regional analysis of Global Lightweight Materials for Electric Vehicle (EV) market supply, consumption, and export & import
  • Type-based market analysis of global Lightweight Materials for Electric Vehicle (EV) production, revenue, and price trends
  • Application-based analysis of the global Lightweight Materials for Electric Vehicle (EV) market
  • Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Lightweight Materials for Electric Vehicle (EV) market
  • Global Lightweight Materials for Electric Vehicle (EV) market forecast (2020-2027)
  • Conclusion of the research report
  • Appendix

Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.

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