Total vehicle weight has been increasing in the last 40 years or so, despite the efforts of the automotive industry to bring lighter alternative materials into the mix. Most of this increase in weight can be attributed to additional features being introduced in the vehicles for customer delight and improved safety norms. In the past 10 years or so, though, the average vehicle weight has been constant amid increased pressure to improve the fuel efficiency of ICEs.
However, the global push for stringent emission norms has now forced the automotive OEMs to look for options beyond the customary emissions aftertreatment. All major automotive markets have developed policies that dictate the reduction of CO2 emissions while improving the fuel efficiency as well as the safety norms.
This report will take a look at some early trends coming out of this IHS Markit Lightweighting Forecast report. We will look at some of the major takeaways for chassis, powertrain, and interior and exterior component areas quantitatively; the research on the BIW is currently on a qualitative basis only.
Staying abreast of automotive sector/topic-specific developments, trends, and competitive activity can be time-consuming. With many sources available, it is often difficult to find critical and reliable market information that stakeholders of the automotive industry need. Conducting business analysis, product, or market strategy assessments without validated market data is risky.
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