Lightweight Materials in Transportation
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%.
- 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.
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 subject of another BCC 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.
- Lightweight materials that are in commercial use or under development for transportation applications.
- Lightweight materials and applications with the greatest commercial potential through 2017.
- Global market trends by type of material and application, 2011 to 2017.
- Factors that will influence the long-term development of the market.
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.
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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.
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.