Description

Light weighting as a strategy to combat emission and mileage targets has carved a niche corner in automotive original equipment manufacturers’ (OEMs’) and supplier’s research and development. Almost all OEMs have been working on ambitious weight reduction strategies to adhere to future regulations. Light weighting has a profound effect as a long-term strategy, as OEMs transit from making ICE-powered vehicles to battery electric and fuel-cell vehicles. Light weighting as a strategy has implications in other industries such as aviation and power generation. This market insight provides insights on the key factors such as emissions, mileage targets, emission test cycles, electrification, urbanization, and cost and their influence on OEM light weighting strategies.