Global Lightweight Car Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 14, 2018--The “Global Lightweight Car Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global lightweight car market is expected to grow at a CAGR close to 4.9% during the forecast period.
Currently, the market for lightweight vehicles is primarily driven by regulatory authorities pushing for fuel efficiency. The EU has devised a roadmap for moving to a competitive low-carbon economy by 2050. High pressure from automotive regulatory authorities, increased global demand, and decreasing cost of materials through strong research and innovation are some of the drivers of the global lightweight cars market.
The notion of light-weighting in the auto industry is beyond the weight of cars and trucks. Since it takes less energy to accelerate a lighter object than a heavier one, one way to achieve better fuel efficiency and handling is by lessening the overall weight of the vehicle.
The ideal materials for lightweight cars include aluminum, high-strength steel, and magnesium, which have a high strength-to-weight ratio. In the luxury segment, carbon fiber cars, like the ones produced by BMW, are no longer expensive and are increasingly being used in mass car production. The most popular material currently is “material-mix,” an innovative mix of materials to enable affordability of lightweight cars.
The weight of a car depends on its curb-weight or the mass of the vehicle, including the mass of added components like refrigeration, passengers or cargo, transmission and motor oil, etc. Explaining the relationship between the vehicle weight and fuel usage, Energy.gov mentioned that a 10% reduction in vehicle weight could result in a 6-8% fuel economy improvement.
Companies MentionedBMW Ford Audi Lanxess Daimler Kia
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview and Technological Trends
5. Market Dynamics
6. Lightweight Cars Market By Car Type
7. Lightweight Cars Market By Product Type
8. Lightweight Cars Market By Power Source
9. Lightweight Cars Market By Region
10. Competitive Landscape
11. Company Profiles
12. Outlook of Market
For more information about this report visit https://www.researchandmarkets.com/research/pz4p5j/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180514005581/en/
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SOURCE: Research and Markets
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PUB: 05/14/2018 07:24 AM/DISC: 05/14/2018 07:24 AM