Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Light Weight Body Panel Market Research | Page 4

Global In-flight Advertising Market Research Report: Forecast to 2023
The market has been segmented based on materials and components. On the basis of
materials the market is segmented by metal, polymer & composites, rubber and other.
Metal, by material segment is expected to dominate the global automotive light weight
body panel due to their ability to enhance design freedom and the longer life. On the basis
of component, the market includes bumpers, door panel, roof and other. Door Panels
component type segment projected to retain its dominance over the forecast period. On
the basis of vehicle type, is the market segments are Passenger vehicle and Commercial
vehicle. Passenger vehicles accounted for the largest market share of the global
automotive light weight body panels market. The market is expected to reach a market
size of USD 87.3 Billion by the end of the forecast period at CAGR of 3.9%.
Stringent government regulations to meet fuel emission standards, advancement in
technology, increased focus of manufacturers on automotive lightweighting vehicles, are
some of the factors driving the market of automotive Light weight body panels. However,
high costs associated with light weighting materials are hindering its widespread adoption
and this is likely to restrict market growth over the forecast period.
Light weight body panels play an important role in improving fuel economy and
performance of vehicles by reducing the overall weight of the vehicle. The increase in the
development of technology in automotive industry, and the global automotive production
along with an increasing focus on light weighting of vehicles, are some of the factors which
help in the market growth automotive light weight body panels. Manufacturers are mainly
focusing on adopting lightweight body panels in vehicles to fulfill government regulations
concerning greenhouse gas emissions.
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