passenger vehicle segment will provide maximum business opportunities | Growing use of carbon fiber materials in automotive industry to drive growth, although high costs associated with carbon fiber may hamper market growth

NEW YORK, February 15, 2022 /PRNewswire/ — The Automotive Composites Market Share in Japan is expected to increase by 187.22 thousand units from 2021 to 2026, according to the recent Technavio market study.

Automotive Composites Market Vendors in Japan should focus on seizing business opportunities Passenger vehicle segment since it had the largest market share during the reference year.

Segmentation by vehicle type (in scope/out of scope)

The growth of automotive composites market share in Japan by the passenger vehicle segment will be prominent during the forecast period. The growth is attributed to the increase in the disposable income of individuals belonging to the middle class. According to data provided by the International Organization of Automobile Manufacturers (OICA), the total number of passenger cars manufactured in Japan in 2020 was 6,960,025. On the other hand, Japan is one of the largest contributors to passenger car sales and production in Asia-Pacific.

To better understand the contribution of different segments to the market Request a FREE sample

Additionally, the report also provides Value chain analysis which helps businesses gain a competitive advantage in the marketplace. the Automotive Composites Market Value Chain Japan includes the following basic components:

• Submissions

• Inbound logistics

• Operations

• External logistics

• Marketing and Sales

• Support activities

• Innovation

Strong points-

• Segmentation- The report covers in detail market segmentation by Vehicle Type (Passenger Vehicles and Commercial Vehicles) and by Application (Structural Assembly, Powertrain Components and Other Parts)

• Key Companies- 3B-Fiberglass Co., BASF SE, BMW AG, General Motors Co., Nippon Electric Glass Co. Ltd., Nitto Boseki Co. Ltd., SGL Carbon SE, Solvay SA, Teijin Ltd. and Toray Industries Inc. among others

• Driver- Growing use of carbon fiber materials in the automotive industry to drive the market.

• Challenge– High costs associated with carbon fiber to hinder market growth

The story continues

Download a FREE sample: for more additional insights on Automotive Composites Market in Japan

Overview of Suppliers-

The automotive composites market in Japan is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market.

• 3B-the fiberglass company- The Company offers automotive composites such as Chopped Yarn, Direct Roving, Continuous Filament Mat, Wet Chopped Yarn, Choppable Roving, Chopped Yarn Mat.

• BASF SE- The company offers automotive composites that supply products to the chemical, automotive, construction, agricultural, petroleum, plastics, electrical, electronics, furniture and furniture industries. paper, and provides a range of system solutions and services.

• General Motors Co.- The Company offers automotive composites, supplies automobiles and trucks, automotive components, engines, vehicle parts, distributes vehicles.

Find additional highlights on vendors and their product offerings. Download a free sample report

Learn more about key driver and market challenge-

Growing competition between automotive OEMs and automakers is fueling the adoption of advanced materials, including aluminum, carbon fiber, and magnesium, for automotive applications. Carbon fibers are highly preferred materials for automotive applications due to their high strength-to-weight ratio compared to metals, making them 20% lighter than conventional materials, such as aluminum and titanium. Rising demand for supercars and growing popularity of hypercars is fueling the sales in the global carbon fiber automotive components market, which is thus expected to drive the growth of the targeted market during the forecast period.

Carbon fibers make up over 35% of the polymer matrix and are considered an important raw material in the defense and automotive industries. The manufacturing and R&D costs associated with carbon fiber are very high, which may reduce the demand for carbon fiber in automotive composites and increase the demand for substitute products. The production and R&D cost of carbon fiber composites is eight times that of steel, which is expected to challenge the growth of the automotive composites market in Japan during the forecast period.

Find additional information on various other market drivers and challenges mentioned in our Sample FREE Report.

Did not find what you were looking for ? Customize report-

Don’t miss the opportunity to talk to our analyst and learn more about this market report. Our analysts can also help you customize this report to suit your needs. Our analysts and industry experts will work directly with you to understand your needs and deliver personalized data in a short period of time.

We offer $1,000 FREE personalization value at time of purchase. Talk to our analyst now!

Here are some similar topics-

Cast Acrylic Sheets Market by Application and Geography – Forecast and Analysis 2021-2025: The cast acrylic sheet market share is expected to grow USD 614.23 million from 2020 to 2025, at a CAGR of 3.59%. For more exclusive research information: Download a free sample report

Polymer Matrix Composites Market by End User and Geography – Forecast and Analysis 2022-2026: The polymer matrix composites market share is expected to grow USD 3.76 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 6.50%. For more exclusive research information: Download a free sample report

Contents

Summary

Market landscape

• Market ecosystem

• Value chain analysis

Market sizing

Five forces analysis

Market segmentation by application

• Market segments

• Comparison by application

• Structural Assembly – Market size and forecast 2021-2026

• Powertrain components – Market size and forecast 2021-2026

• Other parts – Market size and forecast 2021-2026

• Market Opportunity by Application

Market segmentation by vehicle type

• Market segments

• Comparison by vehicle type

• Passenger vehicles – Market size and forecast 2021-2026

• Commercial vehicles – Market size and forecast 2021-2026

• Market Opportunity by Vehicle Type

Customer landscape

• Market factors

• Market challenges

• Market trends

Supplier Landscape

• Overview

• Landscape disturbance

Vendor analysis

appendix

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia: https://www.prnewswire.com/news-releases/automotive-composites-market-in-japan–market-size-to-grow-by-187-22-thousand- units- -growth-trends-analysis-and-forecast-of-the-value-chain-of-large-corporations-2022—2026-301480807.html

SOURCETechnavio