Automotive Carbon Fiber Composites Parts Market Projected to Exhibit Growth at 14.94% CAGR by 2031- TMR Study
In the dynamic landscape of the automotive industry, carbon fiber composites have emerged as a game-changer, transforming the market for automotive components. Valued at over US$ 15 Bn in 2020, the automotive carbon fiber composites parts market is projected to witness a robust CAGR of 14.94%, soaring to exceed the value of US$ 71.5 Bn by 2031. This comprehensive analysis delves into the market dynamics, key players, growth trends, and challenges shaping the automotive carbon fiber composites parts industry.Analysts' Viewpoint: Market Scenario
Key players in the automotive carbon fiber composites parts market are strategically expanding their market share through collaborations, partnerships, and mergers & acquisitions. Manufacturers are capitalizing on the rising fuel prices and growing awareness of electric vehicles (EVs) globally. Despite the potential for growth, the high production costs of carbon fiber composites parts remain a challenge, prompting market players to introduce innovative, cost-effective solutions.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84572&utm_source=OpenPR_Ganesh&utm_medium=OpenPR
Impact of COVID-19 on the Market
The global COVID-19 pandemic had a significant impact on the automotive carbon fiber composites parts market. Disruptions in the supply chain and lockdowns halted vehicle production worldwide. However, as COVID-19 restrictions ease, manufacturers are focused on increasing production capacity to recover from the losses incurred during the pandemic.
Rising Demand for Electric Vehicles
The surge in demand for electric vehicles, driven by factors like fuel efficiency, high performance, and lightweight properties, presents lucrative opportunities for carbon fiber composites parts. The trend towards vehicle electrification and government regulations on emissions fuel the demand for EVs, propelling the automotive carbon fiber composites parts market. The lightweight nature of these components enhances travel time and battery performance.
Sports Cars and Luxury Vehicles Driving Growth
Luxury and sports car manufacturers are increasingly adopting carbon composites parts to reduce vehicle weight, leading to improved performance and fuel efficiency. The popularity of sports cars and racing events is rising globally, driving the demand for lightweight car parts. Europe, with its rapid adoption of electric and hybrid vehicles, is a significant market for carbon composite parts in sports and luxury cars.
Regional Insights: Europe Taking the Lead
Europe holds a prominent share in the automotive carbon fiber composites parts market, with countries like Germany, France, Italy, and Nordic Countries driving demand for luxury and sports cars. The region's emphasis on lightweight and fuel-efficient vehicles aligns with stringent regulations. Additionally, Europe witnesses a high demand for carbon composite parts due to the presence of top sports car manufacturers.
Key Players and Competition Landscape
Key players in the automotive carbon fiber composites parts market include Plasan Carbon Composites, Faurecia SE, Toray Industries, Mitsubishi Chemical Carbon Fiber and Composites, SGL Carbon, Hexcel Corporation, TEIJIN LIMITED, and more. Collaboration and innovation are key strategies to overcome challenges and drive market growth.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=84572<ype=S&utm_source=OpenPR_Ganesh&utm_medium=OpenPR
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact Us
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Carbon Fiber Composites Parts Market Projected to Exhibit Growth at 14.94% CAGR by 2031- TMR Study here
News-ID: 3420443 • Views: โฆ
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f โฆ
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and theโฆ
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And โฆ
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐
๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key playersโฆ
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud โฆ
The global ๐ญ๐ข๐ฌ๐ฌ๐ฎ๐ ๐๐๐ง๐ค๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expectedโฆ
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global ๐ฏ๐๐ฌ๐๐ฎ๐ฅ๐๐ซ ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bnโฆ
More Releases for Carbon
Carbon Black Market Scenario & Industry Applications 2020-2025 | Phillips Carbon โฆ
The global carbon black market size is projected to surpass USD 18 billion by 2025. Carbon black act as a reinforcement material for tires and rubber, and possess electrical conductive properties. Carbon black provide pigmentation, conductivity, and UV protection for a number of coating applications along with toners and printing inks for specific color requirements. Its multiple application across various end product along with rising economic outlook has significantly enhancedโฆ
Global Carbon-Carbon Composite Market 2020-2026 SGL Carbon, Toyo Tanso, Tokai Ca โฆ
Global Carbon-Carbon Composite Market 2020-2026 analysis Report offers a comprehensive analysis of the market. It will therefore via depth Qualitative insights, Historical standing and verifiable projections regarding market size. The projections featured inside the report square measure derived victimisation verified analysis methodologies and assumptions. Report provides a progressive summary of the Carbon-Carbon Composite business 2020 together with definitions, classifications, Carbon-Carbon Composite market research, a decent vary of applications and Carbon-Carbonโฆ
Global Carbon Black Market to 2026| Cabot, Orion Engineered Carbons, Birla Carbo โฆ
Albany, NY, 10th January : Recent research and the current scenario as well as future market potential of "Carbon Black Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" globally.
Carbon Black Market - Overview
Carbon black (CB) is manufactured through partial combustion of heavy hydrocarbons under controlled temperature and pressure to obtain fine particles and aggregates having a wide range of structure and surface properties. Thisโฆ
Carbon-Carbon Composite 2018 Global Industry Key Companies โ SGL Carbonย , Tok โฆ
World Carbon-Carbon Composite Market
Executive Summaryย
Carbon-Carbon Composite market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.ย
The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.ย
The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profilesโฆ
Global Carbon Carbon Composite Material Market Analysis 2025 | OptMed, SGL Carbo โฆ
ResearchMoz presents professional and in-depth study of "Global Carbon Carbon Composite Material Market Insights, Forecast to 2025"
This report researches the worldwide Carbon Carbon Composite Material market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Carbon Carbon Composite Material breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growthโฆ
Global Carbon Fiber Market 2018 - Cytec Industries, Zoltek, SGL Carbon, Carbon F โฆ
The Global Carbon Fiber Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Carbon Fiber industry.
Firstly, Carbon Fiber Market report provides a basic overview of the Carbon Fiber industry including definitions, classifications, applications and Carbon Fiber industry chain structure. Global Carbon Fiber Market analysis is provided for the international market including development history, Carbon Fiber industry competitive landscape analysis, and major regionsโฆ