The future of the composites in the global mass transportation and off road equipment market looks promising with opportunities in the heavy trucks, bus and coaches, and off road equipment market. Composites in the global mass transportation and off road equipment market is expected to reach an estimated $1.3 billion by 2027 with a CAGR of 7.3% from 2021 to 2027. The major driver for growth in this market is increasing demand for lightweight materials over steel in heavy trucks, buses, and coaches due to government regulations to increase fuel efficiency and reduce carbon emission.
e driving composites usage and development of low-density SMC.
Answer: The composites in the global mass transportation and off road equipment market is expected to reach an estimated $1.3 billion by 2027.
Q2. What is the growth forecast for composites in the global mass transportation and off road equipment market?
Answer: The composites in the global mass transportation and off road equipment market is expected to grow at a CAGR of 7.3% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the composites in the global mass transportation and off road equipment market?
Answer: The major driver for growth in this market is increasing demand for lightweight materials over steel in heavy trucks, buses, and coaches due to government regulations to increase fuel efficiency and reduce carbon emission.
Q4. What are the major applications or end use industries for composites in the global mass transportation and off road equipment?
Answer: heavy trucks and off road equipment are the major vehicle type for composites in the global mass transportation and off road equipment market.
Q5. What are the emerging trends in composites in the global mass transportation and off road equipment market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes increasing complexity and styling requirements are driving composites usage and development of low-density SMC.
Q6. Who are the key composites in the global mass transportation and off road equipment companies?
Answer: Some of the key composites in the global mass transportation and off road equipment companies are as follows:
Answer: The analyst forecasts that SMC/BMC will remain the largest segment due to its increasing use in various applications of automotive like; powertrain application, interior, exterior, under body shield, and others. LFT & D-LFT is expected to witness the highest growth over the forecast period due to its better cleansing and moisturizing properties.
Q8: In composites in the global mass transportation and off road equipment market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region and APAC is expected to witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Emerging Trends in Composites in the Global Mass Transportation and Off Road Equipment Market
Emerging trends, which have a direct impact on the dynamics of the industry, includes increasing complexity and styling requirements are driving composites usage and development of low-density SMC.
Composites in the Global Mass Transportation and Off Road Equipment Market by Segment
The study includes trends and forecast for composites in the global mass transportation and off road equipment market by vehicle type, application, intermediate materials, process, and region as follows:By Vehicle Type [Value ($M) and Volume (M lbs) shipment analysis for 2016-2027]:
- Heavy Trucks
- Bus and Coach
- Off Road Equipment
By Application [Value ($M) and Volume (M lbs) shipment analysis for 2016-2027]:
- Heavy Trucks by Application
- Interior
- Exterior
- Under the Hood
- Powertrain
- Electrical Components
- Others
- Bus and Coach by Application
- Interior
- Exterior
- Under the Hood
- Powertrain
- Electrical Components
- Others
- Off Road Equipment by Application
- Interior
- Exterior
- Under the Hood
- Powertrain
- Electrical Components
- Others
By Intermediate Material [Value ($M) and Volume (M lbs) shipment analysis for 2016-2027]:
- SMC/BMC
- SFT
- GMT
- LFT & D-LFT
- CFT
By Process [Value ($M) and Volume (M lbs) shipment analysis for 2016-2027]:
- Compression Molding
- Injection Molding
- LFI
- RRIM
By Region [Value ($M) and Volume (M lbs) shipment analysis for 2016-2027]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Composites in the Global Mass Transportation and Off Road Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composites in the global mass transportation and off road equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composites in the global mass transportation and off road equipment companies profiled in this report includes.- BASF SE
- Polynt-Reichhold
- Dow Chemical Company
- DSM
- IDI Composites International
- Teijin Limited
- Core Molding Technologies
- Quadrant Plastic Composites
- Hanwah L&C Corporation
- Lanxess
Composites in the Global Mass Transportation and Off Road Equipment Companies Market Insight
- The analyst forecasts that SMC/BMC will remain the largest segment due to its increasing use in various applications of automotive like; powertrain application, interior, exterior, under body shield, and others. LFT & D-LFT is expected to witness the highest growth over the forecast period due to its better cleansing and moisturizing properties.
- Heavy trucks will remain the largest vehicle type segment and it is also expected to witness the highest growth over the forecast period due to increasing production of heavy commercial vehicles in North America.
- Europe is expected to remain the largest region and witness the highest growth over the forecast period due to higher production of composites part for mass transportation than other region, and government regulations, such as CAFE Standards in the US and carbon emission targets in Europe, are the key drivers for putting pressure on OEMs to incorporate lightweight materials to curb the overall weight. APAC is expected to witness highest growth over the forecast period.
Features of Composites in the Global Mass Transportation and Off Road Equipment Market
- Market Size Estimates: Composites in the global mass transportation and off road equipment market size estimation in terms of value ($M) and volume (M lbs)
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
- Segmentation Analysis: Market size by vehicle type, application, intermediate material, process, and region
- Regional Analysis: Composites in the global mass transportation and off road equipment market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different vehicle type, application, intermediate material, process, and regions for the composites in the global mass transportation and off road equipment market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the composites in the global mass transportation and off road equipment market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the composites in the global mass transportation and off road equipment market size?Answer: The composites in the global mass transportation and off road equipment market is expected to reach an estimated $1.3 billion by 2027.
Q2. What is the growth forecast for composites in the global mass transportation and off road equipment market?
Answer: The composites in the global mass transportation and off road equipment market is expected to grow at a CAGR of 7.3% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the composites in the global mass transportation and off road equipment market?
Answer: The major driver for growth in this market is increasing demand for lightweight materials over steel in heavy trucks, buses, and coaches due to government regulations to increase fuel efficiency and reduce carbon emission.
Q4. What are the major applications or end use industries for composites in the global mass transportation and off road equipment?
Answer: heavy trucks and off road equipment are the major vehicle type for composites in the global mass transportation and off road equipment market.
Q5. What are the emerging trends in composites in the global mass transportation and off road equipment market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes increasing complexity and styling requirements are driving composites usage and development of low-density SMC.
Q6. Who are the key composites in the global mass transportation and off road equipment companies?
Answer: Some of the key composites in the global mass transportation and off road equipment companies are as follows:
- BASF SE
- Polynt-Reichhold
- Dow Chemical Company
- DSM
- IDI Composites International
- Teijin Limited
- Core Molding Technologies
- Quadrant Plastic Composites
- Hanwah L&C Corporation
- Lanxess
Answer: The analyst forecasts that SMC/BMC will remain the largest segment due to its increasing use in various applications of automotive like; powertrain application, interior, exterior, under body shield, and others. LFT & D-LFT is expected to witness the highest growth over the forecast period due to its better cleansing and moisturizing properties.
Q8: In composites in the global mass transportation and off road equipment market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region and APAC is expected to witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for composites in the global mass transportation and off road equipment market by vehicle type (heavy trucks, bus and coach, and off road equipment), application (heavy trucks by application, bus and coach by application, and off road equipment by application), intermediate material (SMC/BMC, SFT, GMT, LFT & D-LFT, and CFT), process (compression molding, injection molding, LFI, and RRIM), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Composites in the Global Mass Transportation and Off Road Equipment Market Dynamics
3. Market Trends and Forecast Analysis from 2016 to 2027
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
A selection of companies mentioned in this report includes:
- BASF SE
- Polynt-Reichhold
- Dow Chemical Company
- DSM
- IDI Composites International
- Teijin Limited
- Core Molding Technologies
- Quadrant Plastic Composites
- Hanwah L&C Corporation
- Lanxess
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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