There was a report that was recently released by Report Buyer that showed the market for automotive composites has progressed strongly.
Advanced production techniques are one of the things that are increasing the demand for automotive composites. The BMW i3 and other models that are composite-rich will help increase the demand for automotive composites even more. There is also a trend of mid-price models featuring composite materials in higher quantities, and the issues that are associated with recycling composites, are currently being targeted by car manufacturers.
The automotive composites market seems to be more focused on the premium vehicle segment. The high cost of manufacturing composite materials is the reason for this. However, in the future, there will be more cost-effective ways to produce composite materials. This will change the current trend. More of the original equipment manufacturers are targeting fuel efficiency and light-weighting.
Visiongain is a business information portal. It keeps people abreast about the different things going on in various industries. Visiongain believes that the automotive composites market will experience a major growth in 2015. In fact, Visiongain believes that the automotive composite markets will reach $11.3 billion in 2015. There is a lot of potential in this market, and it is expected to experience significant growth during the forecast period.
There are many benefits that can be reaped from using automotive composites. Composites can help reduce the weight of the vehicle. They can also help reduce carbon dioxide emissions, which helps protect the environment.
Automotive composites have been used for a long time in trucks and cars. In the past, there were primarily used underneath in the interior or the hood of the vehicle. Manufacturers have been using carbon fiber in their vehicles for many years. More carbon fiber is now being used in the production of vehicles thanks to high-speed manufacturing technology.
The high cost of manufacturing automotive composites is the one of the biggest challenges that this market faces. However, there are things that are being done to off-set the cost. There are partnerships being made between the composite manufacturers and original equipment manufacturers. This will help increase research and investment, which in turn will help create cost-efficient production.
The markets in Germany, the United States and Japan have been growing strongly. Experts predict that this trend will continue. Original equipment manufacturers will create models with more emphasis on light-weighting, including electric vehicles and hybrid vehicles. Weight reduction is of great importance to both car manufacturers and buyers.
The market in India is also expected to experience significant growth also. Additionally, the market is likely to grow in Italy and the United Kingdom.