Global Automotive Carbon Fiber Composites Parts Market Segments 2024, Forecast To 2033
5 Mar, 2024
The automotive carbon fiber composites parts market demonstrated rapid growth, increasing from $19.89 billion in 2023 to $23.26 billion in 2024, with a 16.9% CAGR. Weight reduction in vehicles and the demand for sports and luxury vehicles fueled historical growth. The market is anticipated to reach $42.14 billion in 2028, driven by electric and hybrid vehicle adoption.
Global Automotive Carbon Fiber Composites Parts Market Key Driver
The automotive carbon fiber composites parts market is flourishing due to the surging demand for electric vehicles. Electric vehicle sales doubled from the previous year, reaching 6.6 million units in 2021. The use of carbon fiber composites in electric vehicles reduces weight, contributing to lower energy consumption.
Get A Free Sample Of The Global Automotive Carbon Fiber Composites Parts Market ReportGlobal Automotive Carbon Fiber Composites Parts Market Segments
The automotive carbon fiber composites parts market covered in this report is segmented –
1) By Type: Brake Discs, Brake Pads, Battery Housing, Mirror Housing, Chassis, Pillars, Other Types
2) By Resin: Thermoplastic, Thermoset
3) By Application: Original Equipment Manufacturer (OEM), Aftermarket
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Europe was the largest region in the automotive carbon fiber composites parts market in 2023. The regions covered in the automotive carbon fiber composites parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automotive Carbon Fiber Composites Parts Industry Players
Plasan Carbon Composites Inc.; Faurecia SE; Toray Industries Inc.; Mitsubishi Chemical Carbon Fiber and Composites; SGL Carbon; Composite Resources Inc.; Hexcel Corporation; Teijin Limited; BUCCI COMPOSITES S.p.A.; CBS Composites; Cobra Advanced Composites Co. Ltd.; TOPKEY Excellence In Composites; Action Composite Technology Limited; Zhongfu Shenying Carbon Fiber Xining Co. Ltd.; Jiangsu Hengrui Pharmaceuticals Co. Ltd.; Martec Spa; Gigante Technologies Pvt. Ltd.; Cytec Industries Incorporated; ACP Composites Inc.; Clearwater Composites LLC; Owens Corning; HITCO Carbon Composites Inc.; Polar Manufacturing Limited; Rock West Composites Inc.; Zoltek Companies Inc.; Gurit Holding AG; Solvay S.A.; Continental Structural Plastics Inc.; Magna International Inc.; Toho Tenax Co. Ltd.; Formtech Composite Limited; Quantum Composites Inc.; PlastiComp Inc.; TenCate Advanced Composites; Fiberforge Corporation; Albany Engineered Composites Inc.; BASF SE; DSM Composite Resins AG
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AIOps Automotive Carbon Fiber Composites Parts Market Overview
Automotive carbon fiber composite parts refer to automotive parts made up of carbon fiber composite material. They are used to reduce the weight of the vehicle to make it more energy efficient.
Automotive Carbon Fiber Composites Parts Global Market Report 2023 provides data on the global automotive carbon fiber composites parts market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive carbon fiber composites parts market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.