Report Highlights
The global market for lightweight materials used in transportation reached $115.4 billion in 2014. This market is expected to reach about $109 billion by 2015 and $188.7 billion by 2020, registering a compound annual growth rate (CAGR) of 11.6% from 2015 to 2020.
Report Includes
- An overview of the global market for lightweight materials in transportation equipment, including motor vehicles, aircraft, trains, and ships.
- Analyses of global market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Identification of lightweight materials that are in commercial use or under development for transportation applications.
- Discussion of trends by type of material and application.
- Analysis of the market's dynamics, specifically growth drivers, inhibitors, and opportunities.
- Factors that will influence the long-term development of the market.
- Profiles of major players in the industry.
Report Scope
The report is global in scope, focusing on the worldwide market for lightweight materials in transportation equipment, including motor vehicles, aircraft, trains and ships. Lightweight materials are defined broadly as materials that are used in the fabrication of equipment primarily in order to minimize weight.
As the term is used in this report, transportation equipment includes all motorized vehicles or craft used to convey people, animals or cargo between two points, except for vehicles/craft used exclusively for sports or recreation applications (e.g., glider aircraft and sailboats). Sports and recreation vehicles and craft are excluded in part because they are the subjects of another BCC Research report, AVM053A – Materials and Devices for High-Performance Sports Products. In this report, dual-purpose transportation equipment, such as small airplanes, is analyzed along with vehicles and craft whose purpose is primarily commercial.
The report also does not cover motor vehicles, ships and aircraft built for and used by the armed forces of the United States and other nations.
The report includes the following major elements:
- Executive summary.
- Definitions.
- A listing of lightweight materials that are in commercial use or under development for transportation applications.
- A listing of lightweight materials and applications with the greatest commercial potential through 2020.
- Global market trends by type of material and application, 2014 to 2020.
- Factors that will influence the long-term development of the market.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
Report Highlights
The market for lightweight materials in transportation was valued at $106 billion in 2011 and nearly $106.2 billion in 2012. Total market value is expected to reach nearly $153 billion in 2017 after increasing at a five-year compound annual growth rate of 7.5%.
Report Includes
- An overview of the global market for lightweight materials in transportation equipment, including motor vehicles, aircraft, trains, and ships
- Analyses of global market trends, with data from 2011, estimates for 2012, and projections of compound annual growth rates (CAGRs) through 2017
- Identification of lightweight materials that are in commercial use or under development for transportation applications
- Discussion of trends by type of material and application
- Factors that will influence the long-term development of the market
- Comprehensive company profiles of major players in the industry.
Report Highlights
The total global consumption of lightweight materials used in transportation equipment was 46.7 million tons/$95.5 billion in 2010. This market is expected to reach 67.7 million tons/$125.3 billion by 2015, increasing at a compound annual growth rates (CAGRs) of 7.7% in tonnage terms and 5.6% in value terms between 2010 and 2015.
Report Highlights
-
The total global consumption of lightweight materials used in transportation equipment was 42.8 million tons/$80.5 billion in 2006 and will increase to 68.5 million tons/$106.4 billion by 2011, at a compound annual growth rate (CAGR) of 9.9% in tonnage terms and 5.7% in value terms between 2006 and 2011.
-
High strength steel accounts for the largest percentage of total tons of lightweight materials consumed, followed by aluminum and plastics. In value terms, plastics with their relatively high unit prices are the largest market segment. Aluminum and high strength steel are the second and third largest product segments.
-
Motor vehicles, particularly passenger cars and light trucks, are by far the largest end-user segment. Shipbuilding was the second largest consumer of lightweight materials, while the aircraft industry ranks second in the value of the lightweight materials consumed.
Recent Reports
Global Aircraft Recycling Market
The global market for aircraft recycling is expected to grow from $4.7 billion in 2023 and projected to reach $9.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 15.8% during the forecast period of 2023-2028.
Global Recycled Concrete Market
The global market for recycled concrete is expected to grow from $11.1 billion in 2023 and is projected to reach $17.4 billion by the end of 2028, at a compound annual growth rate (CAGR) of 9.3% during the forecast period of 2023 to 2028.
Global Bio-based Leather Market
The global market for bio-based leather is estimated to increase from $668.6 million in 2023 to reach $902.4 million by 2028, at a compound annual growth rate (CAGR) of 6.2% from 2023 through 2028.
Global Textile Recycling Market
The global market for textile recycling is expected to increase from $8.0 billion in 2023 to $11.1 billion by the end of 2028, with a compound annual growth rate (CAGR) of 7.0% during the forecast period of 2023-2028.
Global 3D Printing High-Performance Plastics Market
The report provides an overview of the global 3D printing high-performance plastics market and its related segment. The report has been segmented based on type, technology, end-user, and region. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. The report examines the current trends, market drivers, and challenges within the 3D printing high-performance plastics market.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More