Get In Touch

Automotive composite body panels are lightweight materials panels composed of high performance fibers such as carbon and glass and base matrix materials. These composites are widely utilized in exterior automotive systems such as exterior bumpers. They are also extensively employed in interiors such as dashboards and upholsteries.

Restrictive emission standards in Europe and increased Corporate Average Fuel Economy (CAFÉ) in the U.S. are compelling automakers to develop lightweight solutions to meet emission norms. Implementation of stringent emission norms is a prime factor driving the global automotive composite body panel market. Rise in consumer awareness about ill-effects of pollution is boosting the demand for lightweight solutions. This, in turn, is fueling the demand for automotive composite body panels. Increase in demand for durable parts is also boosting the demand for automotive composite body panels. Metal parts are prone to high wear and tear, while composite body parts exhibit longer durability and luster. Thus, the latter is favorable. Increase in demand for esthetics is fueling the demand for automotive composite body panel. Automotive composite body panels are made of resins and fiber. Thus, they possess high molding, as compared to metals. Automotive composites can be molded into intricate shapes. Moreover, they also help improve body esthetics. Therefore, the demand for automotive composites has been rising. Composites can be designed to achieve proper ratio of strength and flexibility in order to absorb and dissipate energy during a collision. The utilization of automotive composites in bumper fascia, fenders, bonnet, and tailgate helps absorb and deflate the collision energy more effectively. Consequently, automotive exteriors are witnessing an increase in the usage of automotive composite body panels.

Automotive composite body panels made of carbon fiber are expensive. Therefore, high price is a key factor restraining the automotive composite body panel market.

The global automotive composite body panel market can be segmented based on application, fiber type, resin type, manufacturing process type, vehicle type, and region. In terms of application, the global automotive composite body panel market can be classified into five segments. The exterior segment holds a large share of the market owing to the wide usage of composites in bumpers, fenders, and tailgates. The powertrain segment is estimated to witness expansion at a high growth rate during the forecast period.

Based on fiber type, the global automotive composite body panel market can be divided into three segments. Glass fiber and carbon fiber are two prominent fiber type segments.

In terms of resin type, the global automotive composite body panel market can be bifurcated into thermoplastics and thermosets. Thermoplastics is a leading segment due to their easy manufacturing process and high molding ability.

In terms of manufacturing process, the global automotive composite body panel market can be segregated into five segments. Injection molding, reaction injection molding, and blow molding are leading segments.

Based on vehicle type, the global automotive composite body panel market can be split into passenger vehicle and commercial vehicle. Passenger vehicle is the leading segment, owing to the increase in production of these vehicles across the globe.

In terms of region, the global automotive composite body panel market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the leading market for automotive composite body panel. Easy availability of raw materials and China’s leadership in the plastic industry have boosted the automotive composite body panel market in the region.

Key players operating in global automotive composite body panel market are Magna International, Plastic Omnium, Faurecia, and Plastic Omnium.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Automotive Composite Body Panel Market

Pre Book