Global Transportation Composites Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Material Type;

Glass Fiber, Natural Fiber, Carbon Fiber Composite, and Aramid Fiber.

By Resin;

Thermoset and Thermoplastic.

By Vehicle Type;

Passenger Cars and Commercial Vehicles.

By Application;

Interior, Exterior, Underbody, Chassis, Powertrain, and Engine Components.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn789984022 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Transportation Composites Market (USD Million), 2021 - 2031

In the year 2024, the Global Transportation Composites Market was valued at USD 53,940.36 million. The size of this market is expected to increase to USD 126,116.37 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.9%.

The global transportation composites market is a pivotal sector within the broader composites industry, characterized by its application across various modes of transportation such as automotive, aerospace, marine, and rail. Composites, which typically combine materials like fibers (such as carbon, glass, or aramid) with a matrix (often resin), offer significant advantages over traditional materials like metals in terms of weight reduction, strength-to-weight ratio, and corrosion resistance.

In the automotive sector, transportation composites play a crucial role in enabling lightweight vehicle construction, thereby enhancing fuel efficiency and reducing emissions. This is particularly critical as the automotive industry faces stringent regulatory requirements aimed at lowering greenhouse gas emissions and improving sustainability. Moreover, composites contribute to improved safety standards by absorbing more energy in the event of a crash compared to metal counterparts.

In aerospace, composites are extensively used to manufacture aircraft components such as wings, fuselages, and interior structures. These materials contribute to substantial weight savings, crucial for enhancing aircraft performance in terms of fuel efficiency and operational range. Additionally, they offer resistance to fatigue and corrosion, ensuring prolonged service life and reduced maintenance costs.

The marine sector benefits from transportation composites for their ability to withstand harsh marine environments, including saltwater exposure and UV radiation, while maintaining structural integrity. Composites enable the construction of lightweight, durable hulls and other marine components, contributing to improved vessel efficiency and longevity.

In rail transportation, composites find applications in components like interior panels, seats, and exterior body parts. They offer advantages such as fire resistance, low maintenance requirements, and enhanced design flexibility, meeting stringent safety and performance standards in rail operations.

The global transportation composites market continues to grow driven by ongoing advancements in material science, increasing demand for lightweight and fuel-efficient vehicles, and rising environmental concerns. As industries strive for sustainability and regulatory compliance, composites are expected to play an increasingly vital role in shaping the future of transportation technologies worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Material Type
    2. Market Snapshot, By Resin
    3. Market Snapshot, By Vehicle Type
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Transportation Composites Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Regulatory Compliance

        2. Demand for Electric Vehicles

        3. Performance Advantages

        4. Increasing Use in Automotive

      2. Restraints
        1. High Production Costs

        2. Recycling Challenges

        3. Raw Material Price Volatility

        4. Safety and Certification Concerns

      3. Opportunities
        1. Growing Aerospace Sector

        2. Innovations in Composite Materials

        3. Sustainable Manufacturing Practices

        4. Development of Bio-based Composites

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Transportation Composites Market, By Material Type, 2021 - 2031 (USD Million)
      1. Glass Fiber
      2. Natural Fiber
      3. Carbon Fiber Composite
      4. Aramid Fiber
    2. Global Transportation Composites Market, By Resin, 2021 - 2031 (USD Million)
      1. Thermoset
      2. Thermoplastic
    3. Global Transportation Composites Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Commercial Vehicles
    4. Global Transportation Composites Market, By Application, 2021 - 2031 (USD Million)
      1. Interior
      2. Exterior
      3. Underbody
      4. Chassis
      5. Powertrain
      6. Engine Components
    5. Global Transportation Composites Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Toray Industries Inc.
      2. Gurit Holding AG
      3. Solvay Group
      4. SGL Carbon SE
      5. Teijin Limited
      6. Mitsubishi Chemical Holding
      7. Owen Corning
      8. Syensqo Syensqo
      9. E.I. du Pont de Nemours & Co
      10. UFP Technologies, Inc
      11. SAERTEX GmbH & Co. KG
      12. Plasan Carbon Composites, Inc
      13. Veplas d.d
      14. Liberty Advanced Composites Ltd
      15. NTF India Pvt. Ltd
      16. Multimac Inc
  7. Analyst Views
  8. Future Outlook of the Market