Automotive Under the Hood Composites Market is Likely to be a US$ 6.7 Billion Opportunity in 2023
This market report, from Stratview Research, studies under the hood composites market in the global automotive industry over the trend and forecast period of 2012 to 2017 and 2018 to 2023, respectively.
(EMAILWIRE.COM, February 01, 2019 )
Stratview Research announces the launch of a new research report on Automotive Under the Hood Composites Market by Vehicle Type (Passenger Car, LCV, and M&HCV), by Application Type (Air Intake Manifold, Radiator End Tank, Engine Cover, Engine Oil Pan, Ducts, Charge Air Cooler, and Others), by Resin Type (PA Composites, PP Composites, PBT Composites, PPS Composites, and Others), by Process Type (Injection-Molded Composites, Blow-Molded Composites, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
Automotive Under the Hood Composites Market: Research Highlights
Composites have been a game changer in the automotive industry for meeting the challenging requirements of the industry, such as improving fuel economy and reducing carbon emissions. Today, composites are found in almost all major application areas including under the hood, exterior, and interior. Under the hood is the biggest application area, accounting for nearly 40% of the total automotive composites market. Components located at under the hood areas are prone to higher temperature and pressure as compared to the interior and exterior automotive components. This is leading to the entry of high-performance composites for under the hood components in the industry.
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As per Stratview Research, the automotive under the hood composites market is likely to grow at an impressive growth rate over the next five years to reach US$ 6,667.3 million in 2023. The global auto industry has efficaciously been ushering in a new era of lightweight vehicles with a meticulous investment into composite components in under the hood areas that can address the changing business requirements in the most effective manner. All the major automakers have vigorously been incorporating composite components in their mass-selling vehicle models with the purpose to improve the overall fuel efficiency of vehicles.
The author of the report cited that passenger car is expected to remain the growth engine of the global automotive under the hood composites market during the forecast period of 2018 to 2023. Increasing production of passenger cars coupled with increasing penetration of composites in passenger cars is likely to elevate the demand for under the hood composites in the passenger car segment in the foreseeable future.
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 announces the launch of a new research report on Automotive Under the Hood Composites Market by Vehicle Type (Passenger Car, LCV, and M&HCV), by Application Type (Air Intake Manifold, Radiator End Tank, Engine Cover, Engine Oil Pan, Ducts, Charge Air Cooler, and Others), by Resin Type (PA Composites, PP Composites, PBT Composites, PPS Composites, and Others), by Process Type (Injection-Molded Composites, Blow-Molded Composites, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
Automotive Under the Hood Composites Market: Research Highlights
Composites have been a game changer in the automotive industry for meeting the challenging requirements of the industry, such as improving fuel economy and reducing carbon emissions. Today, composites are found in almost all major application areas including under the hood, exterior, and interior. Under the hood is the biggest application area, accounting for nearly 40% of the total automotive composites market. Components located at under the hood areas are prone to higher temperature and pressure as compared to the interior and exterior automotive components. This is leading to the entry of high-performance composites for under the hood components in the industry.
Click here to view table of contents:- https://www.stratviewresearch.com/toc/345/Automotive-Under-the-Hood-Composites-Market.html
Or
Request a sample here:- https://www.stratviewresearch.com/Request-Sample/345/Automotive-Under-the-Hood-Composites-Market.html
As per Stratview Research, the automotive under the hood composites market is likely to grow at an impressive growth rate over the next five years to reach US$ 6,667.3 million in 2023. The global auto industry has efficaciously been ushering in a new era of lightweight vehicles with a meticulous investment into composite components in under the hood areas that can address the changing business requirements in the most effective manner. All the major automakers have vigorously been incorporating composite components in their mass-selling vehicle models with the purpose to improve the overall fuel efficiency of vehicles.
The author of the report cited that passenger car is expected to remain the growth engine of the global automotive under the hood composites market during the forecast period of 2018 to 2023. Increasing production of passenger cars coupled with increasing penetration of composites in passenger cars is likely to elevate the demand for under the hood composites in the passenger car segment in the foreseeable future.
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