Automotive Lightweighting Market SWOT Analysis and Opportunities To 2027
Automotive lightweighting is a technology that is utilized to reduce the weight of the vehicle by incorporating lightweight materials in body frames, structures and components. The evolution of the industry has witnessed the usage of lightweight materials such as titanium and carbon fiber against conventional steel and aluminum. The Chassis utilizing the maximum metal is the key component of the lightweight market. The automotive industry has witnessed the usage of high strength steel chassis, as they are 20% lighter than their steel counterparts. Aluminum is widely used in structural parts and frame of the vehicle. The automotive lightweighting market is likely to expand in the near future as regulatory bodies have called for higher emission standards. Usage of lightweight materials reduces emissions by approximately 0.08g CO2/Kg, which in turn is boosting the implementation of lightweighting technology in powertrains and suspensions systems. The trend of using plastic and fiber m...