Lucintel’s latest market report analyzed that composites in the global mass transportation and off road equipment provides attractive opportunities in exterior, interior, under the hood, electrical components, powertrain and other applications. The composite in the global mass transportation and off road equipment market is expected to reach $0.8 billion by 2025 with a CAGR of 0.8%. In this market, SMC & BMC is the largest segment by intermediate material, whereas exterior is largest by application. The development of low density SMC material provides strategic growth path in this market.
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Based on intermediate material, the composites in the global mass transportation and off road equipment market is segmented into SMC/BMC, SFT, CFT, LFT, and GMT. The SMC & BMC segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period.
Browse in-depth TOC on “Composites in the Global Mass Transportation and Off Road Equipment Market”
118 – Tables
148 – Figures
207 – Pages
The composites in the global mass transportation and off road equipment market is marked by the presence of several big and small players. Some of the prominent players offering composites in the global mass transportation and off road equipment include Core Molding Technologies, IDI Composites, Polynt Riechhold Group, Teijin, and BASF.
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