Automotive Composite Liftgate Market to Reach US$ 1,183.3 million in 2024
Automotive Composite Liftgate Market report is a 140-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, December 20, 2018 )
Stratview Research has published a new research report on Automotive Composite Liftgate Market This extensive 140-page report by Stratview Research analyses the growth of Automotive Composite Liftgate Market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024 under the following segments -
• Vehicle Type (Hatchback, SUV, Others)
• Manufacturing Process Type (Compression Molding Process, Injection Molding Process)
• Region (North America, Europe, Asia-Pacific, and Rest of the World)
Go through the detailed scope:https://www.stratviewresearch.com/toc/446/Automotive-Composite-Liftgate-Market.html
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Get a free sample of the report:https://www.stratviewresearch.com/toc/446/Automotive-Composite-Liftgate-Market.html
Contribution of composites in light weighting
Liftgate is generally made of steel by auto OEMs themselves; however, with the advent of lightweight components, composites have been in limelight and have already become successful in making a remarkable presence in liftgate of vehicles. Composites play a vital role in contributing to weight reduction without compromising the strength and performance of the overall system. This is attracting tier players as well as raw material suppliers including resin, fiber, and coating suppliers, to tap the growing opportunity of composites in the automotive liftgate market.
Composite liftgate is among the list of few automotive components that are experiencing staggering growth.
Major Players using composites over metals
The global composite liftgate market is likely to experience excellent growth over the next five years to reach an estimated value of US$ 1,183.3 million in 2024. Increasing automotive production, increasing share of SUVs in the overall vehicle production, and increasing demand for lightweight liftgate over bulky metallic liftgate are some of the key factors proliferating the growth of the automotive composite liftgate market. Ford Motor Company, Nissan Motor Co. Ltd., BMW AG, Groupe Renault, Group PSA, and The Volvo Group are some of the major OEMs that have switched towards composite liftgate in some of their mass-selling vehicle models.
Top Market Players
The supply chain of this market comprises raw material suppliers, composite compound suppliers, composite liftgate manufacturers, automotive OEMs, and dealers. Major automotive composite liftgate manufacturers are Plastic Omnium Group, Magna International Inc. and Trinseo S.A. Development of lightweight composite liftgates, targeting untapped vehicle models, execution of mergers & acquisitions, and formation of long-term contracts with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research has published a new research report on Automotive Composite Liftgate Market This extensive 140-page report by Stratview Research analyses the growth of Automotive Composite Liftgate Market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024 under the following segments -
• Vehicle Type (Hatchback, SUV, Others)
• Manufacturing Process Type (Compression Molding Process, Injection Molding Process)
• Region (North America, Europe, Asia-Pacific, and Rest of the World)
Go through the detailed scope:https://www.stratviewresearch.com/toc/446/Automotive-Composite-Liftgate-Market.html
Or
Get a free sample of the report:https://www.stratviewresearch.com/toc/446/Automotive-Composite-Liftgate-Market.html
Contribution of composites in light weighting
Liftgate is generally made of steel by auto OEMs themselves; however, with the advent of lightweight components, composites have been in limelight and have already become successful in making a remarkable presence in liftgate of vehicles. Composites play a vital role in contributing to weight reduction without compromising the strength and performance of the overall system. This is attracting tier players as well as raw material suppliers including resin, fiber, and coating suppliers, to tap the growing opportunity of composites in the automotive liftgate market.
Composite liftgate is among the list of few automotive components that are experiencing staggering growth.
Major Players using composites over metals
The global composite liftgate market is likely to experience excellent growth over the next five years to reach an estimated value of US$ 1,183.3 million in 2024. Increasing automotive production, increasing share of SUVs in the overall vehicle production, and increasing demand for lightweight liftgate over bulky metallic liftgate are some of the key factors proliferating the growth of the automotive composite liftgate market. Ford Motor Company, Nissan Motor Co. Ltd., BMW AG, Groupe Renault, Group PSA, and The Volvo Group are some of the major OEMs that have switched towards composite liftgate in some of their mass-selling vehicle models.
Top Market Players
The supply chain of this market comprises raw material suppliers, composite compound suppliers, composite liftgate manufacturers, automotive OEMs, and dealers. Major automotive composite liftgate manufacturers are Plastic Omnium Group, Magna International Inc. and Trinseo S.A. Development of lightweight composite liftgates, targeting untapped vehicle models, execution of mergers & acquisitions, and formation of long-term contracts with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results