The future of composite materials in the global mass transportation and off road equipment market looks promising with opportunities in exterior, interior, under the hood, electrical components, powertrain and other applications.The global composite materials in the global mass transportation and off road equipment market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $0.8 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025.The major driver for growth in this market is increasing demand for lightweight materials over steel in heavy trucks, buses, and coaches due to government regulations to increase fuel efficiency and reduce carbon emission. 

 

Emerging trend, which has a direct impact on the dynamics of composites in mass transportation and off road equipment industry, include development of low density SMC material. 

 

A total of 148 figures / charts and 118 tables are provided in this 207 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this composites in the global mass transportation and off road equipment market report, download the report brochure.
 

 

In this market, exterior is the largest application, whereas heavy truck is largest in vehicle type. Growth in various segments of composites in mass transportation and off road equipment market are given below:
 

Composites in Mass Transportation and off Road Equipment Market by Segments