Automotive lightweight materials play an important role in improving vehicle fuel economy. These materials also improve vehicle safety and overall performance. A vehicle's fuel efficiency improves as its weight decreases, because it takes less energy to accelerate a lighter object than a heavier one. The use of automotive lightweight materials can improve a vehicle's fuel economy by 6% to 8% with a 10% weight reduction.
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The market is segmented based on Segmentation, By Material (Metal, Composite, Plastic, Elastomer), Application (Body in White, Chassis and Suspension, Powertrain, Closures, Interiors, Others), Component (Frame, Wheel, Bumper & Fender, Engine & Exhaust, Transmission, Doors, Hood & Trunk Lid, Seats, Instrument Panel, Fuel Tank), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Electric and Hybrid Vehicle Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Electric Truck, Electric Bus), Material Type (Metal, Composite, Plastic, Elastomers) – Industry Trends and Forecast to 2032
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The Global Automotive Lightweight Material Market size was valued at USD 85.07 USD Billion in 2024.
The Global Automotive Lightweight Material Market is projected to grow at a CAGR of 7.7% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..
