Automotive Carbon Fiber Hood and Tailgate Market size is estimated to be USD 2.1 Billion in 2024 and is expected to reach USD 5.3 Billion by 2033 at a CAGR of 10.9% from 2026 to 2033.
The global automotive carbon fiber hood and tailgate market has been experiencing significant growth, driven by the increasing demand for lightweight vehicles that enhance fuel efficiency and performance. In 2022, the market was valued at USD 1.65 billion and is projected to reach USD 3.20 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.70% from 2024 to 2030. This growth is attributed to the rising adoption of carbon fiber components in both passenger and commercial vehicles, aiming to reduce overall vehicle weight and meet stringent emission regulations.
Regionally, the Asia Pacific dominated the market, accounting for over 40% of the global revenue in 2019. This dominance is due to the surge in automobile production and the increasing demand for lightweight cars in countries like China and India. Europe also held a significant market share, valued at USD X million in 2019, and is projected to expand at a CAGR of 7.4% from 2020 to 2028, driven by the growing demand for fuel efficient vehicles. North America has shown encouraging signs, with many companies reporting profitability after periods of margin declines, focusing on operational efficiency and niche market opportunities. Emerging markets in South America and the Middle East & Africa present strong growth prospects due to urbanization, infrastructure development, and improving disposable incomes, which are likely to drive market expansion in these regions.
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Magna International
Plasan Carbon Composites
SEIBON CARBON
SGL Group
TEIJIN
TORAY INDUSTRIES
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Carbon Fiber Hood and Tailgate Market
Carbon Fiber Reinforced Plastic (CFRP)
Prepreg Carbon Fiber
Sheet Molding Compound (SMC) Carbon Fiber
OEM (Original Equipment Manufacturer)
Aftermarket
Passenger Vehicles
Commercial Vehicles
Luxury and Sports Cars
Hood
Tailgate
Hand Lay-up
Compression Molding
Vacuum Infusion
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Carbon Fiber Hood and Tailgate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Carbon Fiber Hood and Tailgate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Carbon Fiber Hood and Tailgate Market, By Type
6. Global Automotive Carbon Fiber Hood and Tailgate Market, By Application
7. Global Automotive Carbon Fiber Hood and Tailgate Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Carbon Fiber Hood and Tailgate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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