Launch of New Facilities to Significantly Stimulate the Growth of Market for Lightweight Automotive Body Panel

Lightweight Automotive Body Panels Market

According to a recent news, leading companies such as Magna and Gestamp Automocion SA are making up for strategic developments on the subject matter of lightweight automotive body panels. A research company, namely Future Market Insights is of the point of view that increasing regulations with regards to reduction of emissions along with growing demand for the fuel economy has been increasingly attracting attention of the OEM manufacturers, thereby influencing them to develop lightweight automotive body panels.

Gestamp Automocion SA Eye-Balling towards Electric Cars

Gestamp Automocion SA has been witnessing heavy investments in the car industry, which in turn influences the company to introduce electric autos. Since the recent past, Gestamp Automocion SA had made strategic plan to increase the manufacturing of lightweight and large vehicle metal parts, thereby catering to the increasing customer needs. This leading company has a hot-stamping technology, which does help them in supplying lightweight steel body structures as well as frameworks that is beneficial for the automakers, thereby taking into account the increasing emission rules. Key players and manufacturers can focus on the point that the company is taking immense efforts in developing battery-powered models.

Apart from this, Gestamp Automocion SA is also increasingly focusing on developing more lightweight automotive body panel, in order to meet the increasing requirements of electric and conventional cars, which in turn would help the cars in utilizing less energy during travel. Gestamp Automocion SA is of the point of view that weight reduction has turned out to be an essential requirement of the existing as well as emerging customer base, as there has been growing awareness regarding the battery consumption. The company has been witnessing increasing opportunities with regards to production sales since the recent past.

Key players and manufacturers must note that Gestamp Automocion SA is planning to increase its production of low or zero emission automobiles along with heavy investments in R&D for developing strategic plans, which would help in the expansion of their business across the globe.

Magna Launches a New Center in Germany

Magna launched an innovative Composite Center of Excellence in the city of Esslingen in Germany. This step was taken by the company in order to meet the increasing needs of European automakers, thereby taking into account stringent emission regulations together with exterior components and lightweight structures made up of advanced materials. Magna is of the point of view that lightweight composite panels will increasingly provide weight reductions till nearly 60% over steel. The leading company will be taking immense efforts in offering innovative solutions to the automakers.

The new center will be increasing its focus towards development of structural components that are light in weight. Apart from this, a number of automakers in Europe are planning to enter into joint development projects, together with Magna at Germany’s new center. Most of all, the center has provisions for examining all the types of automotive parts.

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About Nikhil Kaitwade 348 Articles
With over 8 years of experience in market research and consulting industry, Nikhil has worked on more than 250 research assignments pertaining to chemicals, materials and energy sector. He has worked directly with about 35 reputed companies as lead consultant for plant expansion, product positioning, capacity factor analysis, new market/segment exploration, export market opportunity evaluation and sourcing strategies.

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