Lucintel Anticipates Robust Growth Opportunities for Composites in North America Automotive Market
07/12/2013

"Opportunities for Composites in North America Automotive Market 2013-2018: Trend, Forecast, and Competitive Analysis.” The report covers the various challenges faced by this market and analyzes the risk factors and opportunities for growth.

Online PR News – 12-July-2013 – TX – Opportunities for composites in North America automotive market will ensure that the market grows significantly in the next five years. The value of automotive composites shipment was more than US $1,000 million in 2012 and this value is expected to steadily grow bigger, given the current market scenario. The demand for composite products such as interior headliners, fenders, pickup boxes, and door modules is growing in the North America automotive market. Composites are high performance and fuel-efficient materials. The opportunities for composites in North America automotive market is expected to grow and reach $2,648 million by 2018.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the current scenario of the opportunities for North America automotive market and presents its findings in "Opportunities for Composites in North America Automotive Market 2013-2018: Trend, Forecast, and Competitive Analysis.” The report covers the various challenges faced by this market and analyzes the risk factors and opportunities for growth.
Lucintel provides an overview of the challenges and opportunities to be faced by the North America automotive composites market. Prohibitively high cost and lack of suitable manufacturing process for high volume applications are challenges for composite materials in the automotive industry. Developing new applications with high performance composites such as carbon fiber also has the same challenge of high cost. But applications that require weight savings, fuel economy, and other performance benefits are turning towards composites in a big way.
One of the motivations for using composite materials in the automotive industry is to reduce tooling and assembly costs, particularly at lower production volumes. Depending on the application, composites are generally more cost-effective in manufacturing huge volumes.
Lucintel highlights the factors affecting the economic scenario in this report and gives insights of North America automotive composite market trends. Lucintel also forecasts the growth potential for this market including the forecast of market size and volume of annual consumption expected by 2018, which will help the interested companies to make strategic and financial decisions.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com