Global Transportation Composites Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Composite transportation materials have the ability to deliver performance and meet the demands of efficiency. Transportation components utilizing thermoset composites offer: Lighter weight to increase fuel efficiency. composites like fiberglass and carbon fiber are engineered to reduce overall vehicle weight, leading to greater fuel savings, or extending EV ranges. Growing automotive industry and rising research & development activities by leading market players are key drivers for the growth of Transportation Composites market. For instance, according to International Energy Agency: IEA- Electric car sales reached a record 3 million in 2020, up 40% from 2019 (Approx. 2.15 million units). Overall global electric car1 stock reached 10 million in 2020, with battery electric vehicles (BEVs) accounting for two-thirds of the world's electric car fleet. The largest increase in 2020 occurred in Europe, where registrations more than doubled to 1.4 million. China followed with 1.2 million registrations (5.7% sales share), and the United States remained third at 295 000 (2% sales share). Also, with the increasing demand for EVs and growing application of composite materials in automobile industry, the adoption & demand for Transportation Composites is likely to increase the market growth during the forecast period. However, high manufacturing and processing cost of Transportation Composites impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Transportation Composites Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to growing automobile industry and presence of leading market players in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing automotive industry in the region would create lucrative growth prospects for the Transportation Composites Market across Asia-Pacific region.
Major market player included in this report are:
- Hexcel Corporation (US),
- Mitsubishi Chemical Holdings Corporation (Japan),
- Owens Corning (US),
- Toray Industries Inc. (Japan),
- Teijin Limited (Japan),
- Solvay S.A. (Belgium),
- Jushi Group Co. Ltd. (China),
- SGL Group (Germany),
- Gurit Holding AG (Switzerland),
- Euro composites
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
- Glass Fiber
- Natural Fiber
- Carbon Fiber Composite
- Aramid Fiber
By Resin:
By Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
- Agriculture
- Threshers
By Application:
- Interior
- Exterior
- Underbody
- Chassis
- Powertrain
- Engine Components
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Furthermore, years considered for the study are as follows:
- Historical year - 2018, 2019, 2020
- Base year - 2021
- Forecast period - 2022 to 2028
Target Audience of the Global Transportation Composites Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Transportation Composites Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Transportation Composites Market, by Material Type, 2020-2028 (USD Billion)
- 1.2.3. Transportation Composites Market, by Resin, 2020-2028 (USD Billion)
- 1.2.4. Transportation Composites Market, by Vehicle Type, 2020-2028 (USD Billion)
- 1.2.5. Transportation Composites Market, by Application, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Transportation Composites Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Transportation Composites Market Dynamics
- 3.1. Transportation Composites Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing automotive industry
- 3.1.1.2. Rising R&D activities.
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of manufacturing and processing
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising demand for EVs.
- 3.1.3.2. Growing use of composite fibre in automobile industry.
Chapter 4. Global Transportation Composites Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2019-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Transportation Composites Market, by Material Type
- 6.1. Market Snapshot
- 6.2. Global Transportation Composites Market by Material Type, Performance - Potential Analysis
- 6.3. Global Transportation Composites Market Estimates & Forecasts by Material Type 2019-2028 (USD Billion)
- 6.4. Transportation Composites Market, Sub Segment Analysis
- 6.4.1. Glass Fiber
- 6.4.2. Natural Fiber
- 6.4.3. Carbon Fiber Composite
- 6.4.4. Aramid Fiber
Chapter 7. Global Transportation Composites Market, by Resin
- 7.1. Market Snapshot
- 7.2. Global Transportation Composites Market by Resin, Performance - Potential Analysis
- 7.3. Global Transportation Composites Market Estimates & Forecasts by Resin 2019-2028 (USD Billion)
- 7.4. Transportation Composites Market, Sub Segment Analysis
- 7.4.1. Thermoset
- 7.4.2. Thermoplastic
Chapter 8. Global Transportation Composites Market, by Vehicle Type
- 8.1. Market Snapshot
- 8.2. Global Transportation Composites Market by Vehicle Type, Performance - Potential Analysis
- 8.3. Global Transportation Composites Market Estimates & Forecasts by Vehicle Type 2019-2028 (USD Billion)
- 8.4. Transportation Composites Market, Sub Segment Analysis
- 8.4.1. Personal Vehicle
- 8.4.2. Commercial Vehicle
- 8.4.3. Agriculture
- 8.4.4. Threshers.
Chapter 9. Global Transportation Composites Market, by Application
- 9.1. Market Snapshot
- 9.2. Global Transportation Composites Market by Application, Performance - Potential Analysis
- 9.3. Global Transportation Composites Market Estimates & Forecasts by Application 2019-2028 (USD Billion)
- 9.4. Transportation Composites Market, Sub Segment Analysis
- 9.4.1. Interior
- 9.4.2. Exterior
- 9.4.3. Underbody
- 9.4.4. Chassis
- 9.4.5. Powertrain
- 9.4.6. Engine Components
Chapter 10. Global Transportation Composites Market, Regional Analysis
- 10.1. Transportation Composites Market, Regional Market Snapshot
- 10.2. North America Transportation Composites Market
- 10.2.1. U.S. Transportation Composites Market
- 10.2.1.1. Material Type breakdown estimates & forecasts, 2019-2028
- 10.2.1.2. Resin breakdown estimates & forecasts, 2019-2028
- 10.2.1.3. Vehicle Type breakdown estimates & forecasts, 2019-2028
- 10.2.1.4. Application breakdown estimates & forecasts, 2019-2028
- 10.2.2. Canada Transportation Composites Market
- 10.3. Europe Transportation Composites Market Snapshot
- 10.3.1. U.K. Transportation Composites Market
- 10.3.2. Germany Transportation Composites Market
- 10.3.3. France Transportation Composites Market
- 10.3.4. Spain Transportation Composites Market
- 10.3.5. Italy Transportation Composites Market
- 10.3.6. Rest of Europe Transportation Composites Market
- 10.4. Asia-Pacific Transportation Composites Market Snapshot
- 10.4.1. China Transportation Composites Market
- 10.4.2. India Transportation Composites Market
- 10.4.3. Japan Transportation Composites Market
- 10.4.4. Australia Transportation Composites Market
- 10.4.5. South Korea Transportation Composites Market
- 10.4.6. Rest of Asia Pacific Transportation Composites Market
- 10.5. Latin America Transportation Composites Market Snapshot
- 10.5.1. Brazil Transportation Composites Market
- 10.5.2. Mexico Transportation Composites Market
- 10.6. Rest of The World Transportation Composites Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Hexcel Corporation (US),
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Mitsubishi Chemical Holdings Corporation (Japan),
- 11.2.3. Owens Corning (US),
- 11.2.4. Toray Industries Inc. (Japan),
- 11.2.5. Teijin Limited (Japan),
- 11.2.6. Solvay S.A. (Belgium),
- 11.2.7. Jushi Group Co. Ltd. (China),
- 11.2.8. SGL Group (Germany),
- 11.2.9. Gurit Holding AG (Switzerland)
- 11.2.10. Euro-Composites.
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption