Automotive Carbon Fiber Composites Market | 2022-2027 | Industry Trends, Industry Size, Opportunity & Forecast till 2027

0
0

Automotive Carbon Fiber Composites Market Growth Overview:

The automotive carbon fiber composites market 2021 can post a growth rate of 10.6% between 2020 and 2027 (evaluation period), confirms Market Research Future (MRFR). We will provide covid-19 impact analysis with the report. The COVID-19 impact on the market has been studied in the report, which offers an in-depth analysis post the coronavirus disease outbreak.

COVID-19 Analysis

The COVID-19 outbreak has been a major cause for the massive decline in vehicle sales worldwide, resulting from the shutdowns along with the fluctuations in oil prices. Renowned automotive manufacturers are taking up various tactics in a bid to mitigate the detrimental impact of the pandemic by examining their dealerships to facilitate flow of services. The short-term impact of COVID-19 on the automotive industry has led to closing of assembly plants in the United States (US), manufacturing interruptions across Europe and ceased export of components from China, following the imposition of the lockdown across various regions. Following the onset of SARS-CoV-2, the demand in the market for commercial vehicles has dropped substantially because of the shutdown of all the non-essential services everywhere.

Get Free Sample Report in PDF Format @ https://www.marketresearchfuture.com/sample_request/3116

Renowned Companies

Some of the renowned vendors in the industry include HITCO Carbon Composites Inc (U.S.), Mitsubishi Rayon Carbon Fiber and Composites, Inc. (U.S.), Cytec Industries (U.S.), Polar Manufacturing Limited (U.K.), SGL Carbon SE (Germany), Rock West Composites (U.S.), ACP Composites, Inc (U.S.), Owens Corning (U.S.),Clearwater Composites, LLC (U.S.),Toray Industries, Inc. (Japan), to name a few.

With that said, experts believe that by the time a COVID-19 breakthrough is achieved, the automotive carbon fiber composite market can remain fortified, due to the continuous efforts given by leading vendors to control revenue losses, backed by recovery tactics such as acquisitions and mergers, and more. Although the impact of the novel coronavirus has been significant, the mounting demand for carbon fiber-reinforced plastics in race cars and luxury cars can be deemed as a major growth enhancer in the global market.

Key Drivers and Main Challenges

Strong application scope of carbon fiber composites in the aerospace and defense industry, due to their superior strength and light weight, can help the market achieve incredible results in the years to come. The mounting demand for better fuel efficiency in automobiles could also mean good business.Carbon fiber composites’ rising use in high end cars and race cars is also anticipated to induce significant market growth in the near future.

The declining cost of the commodity has boosted its deployment in mid-range passenger cars. It is expected that automotive carbon fiber composite’s high durability and better strength will enhance its appeal compared to the traditional materials.The latest trends indicate that the advancements in transformative technologies as well as material systems used to develop carbon fiber parts can lead to higher deployment in mass-volume vehicles, which can mean remarkable growth for the automotive composites carbon fiber market.

Leading vendors are doing everything in their capacity to boost their profits, by collaborating with other companies to upgrade their vehicles with advanced carbon fiber composites, which could lead to more product demand in the global market. For instance, in May 2020, Classic Recreations collaborated with SpeedKore Performance, a carbon fiber manufacturer, to recreate 1967 Shelby. From now on, every Shelby GT500CR modelis expected to have carbon fiber bodies.Classic Recreations chose SpeedKore Performance to provide the carbon fiber bodies for the models, given the latter’s top-quality craftsmanship as well as the commitment to develop advanced vehicles.

Don’t miss out on business opportunities in Market and gain crucial industry insights that will help your business grow, Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=3116

Market Segmentation

Production type and application are the primary segments according to which the market has been studied by MRFR analysts.

The production types considered in the study are resin transfer molding, injection molding, vacuum infusion processing, compression molding, hand layup, and more.

The key applications of automotive carbon fiber composites are identified as power train components, exterior, structural assembly, and Interior.

Regional Outlook

APAC/Asia Pacific, North America, Europe and RoW/rest of the world are the key regions across which the automotive carbon fiber composites industry is presumed to observe varying degrees of growth from 2017 to 2023.

APAC is identified as the fastest gaining market and can also achieve the leading position over the conjectured period. China and India are the dominant markets in the region, on account of the high vehicle production and the increasing set up of new facilities with surge in technological innovations. The huge number of leading manufacturers present in the region, especially across China, South Korea, Taiwan and Japan also leads to revenue generation for the automotive carbon fiber composites market.

The North American market is also deemed to perform well, backed by the increasing demand for carbon fiber composites in the automotive industry of Canada and the U.S. The high sales of race cars, luxury cars, and various high-performance cars combined with the escalated vehicle production and prevalence of emission norms can also translate to major business in the region.

Complete Business Report@ https://www.marketresearchfuture.com/reports/automotive-carbon-fiber-composites-market-3116

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.