Automotive Under the Hood Composites Market set to reach US$ 6,667.3 million by 2023
February 20, 2020
Automotive Under the Hood Composites Market Overview:
The automotive under the hood composites market is likely to grow at an impressive growth rate over the next five years to reach US$ 6,667.3 million in 2023. The auto industry has efficaciously been ushering in a new era of lightweight vehicles with a meticulous investment into composite components in under the hood areas that can address the changing business requirements in the most effective manner. All the major automakers have vigorously been incorporating composite components in their mass-selling vehicle models with the purpose to improve the overall fuel efficiency of vehicles in order to address stringent government regulations, such as CAFE Standards and EU Commission on Carbon Emissions Reduction Targets.
The Diverse Stand Points:
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point give better understanding of the market. The market of Automotive Under the Hood Composites has been view from various perspectives such as:
- By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle)
- By Application Type (Air Intake Manifold, Radiator End Tank, Engine Cover, Engine Oil Pan, Ducts, Charge Air Cooler, Others)
- By Resin Type (PA Composites, PP Composites, PBT Composites, PPS Composites, Others)
- By Manufacturing Process Type (Injection-Molded Composites, Blow-Molded Composites, Others)
- By Region (North America, Europe, Asia-Pacific, and RoW)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
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Automotive Under the Hood Composites Market Segment Insights:
Passenger Car: The growth engine
The global automotive under the hood composites market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle) and M&HCV (Medium- and Heavy-Duty Commercial Vehicle). Passenger car is expected to remain the growth engine of the global automotive under the hood composites market during the forecast period of 2018 to 2023. Increasing production of passenger cars coupled with increasing penetration of composites in passenger cars is likely to elevate the demand for under the hood composites in the passenger car segment in the foreseeable future.
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https://www.stratviewresearch.com/toc/345/Automotive-Under-the-Hood-Composites-Market.html
Dominance of: Air Intake Manifold
Based on the application type, the automotive under the hood composites market is segmented as Air Intake Manifold, Radiator End Tank, Engine Cover, Engine Oil Pan, Ducts, Charge Air Cooler, and Others. Air intake manifold is likely to remain the largest application of composites in under the hood market during the forecast period. It is also the largest thermoplastic composite component in the automotive industry. Charge air cooler (includes end caps and end tanks) is likely to be the fastest-growing composite component in the automotive under the hood composites market during the same period.
A highly/moderately/fragment consolidated Market
The supply chain of this market comprises raw material suppliers (fiber and resin), compounders, composite part manufacturers, automotive OEMs, dealers, and end-users. The key raw material suppliers for automotive under the hood composites market are Owens Corning, Johns Manville, BASF SE, DuPont, DSM, Lanxess AG, and Celanese Corporation, whereas the major under the hood composite component manufacturers are Aisin Seiki, Calsonic Kensai, Denso Corporation, MAHLE GmbH, Mann+Hummel, Magneti Marelli, and Röchling Group. Development of lightweight composite components and forming strategic alliances with the automakers are the key strategies adopted by the major players to gain a competitive edge in the market.
Regional Hegemony of Asia-Pacific
Asia-Pacific is likely to remain the largest automotive under the hood composites market during the forecast period. Asia-Pacific is the largest automobile producer, accounting for more than 50% of vehicles produced worldwide. China and India are the growth engines of the regional demand for automobiles as well as composites for under the hood applications. North America and Europe are also likely to generate sizeable growth opportunities in the coming five years.
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Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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