Growth Opportunities for Composites in the Global Mass Transportation and Off Road Equipment Market Report : Trends, Forecast and Competitive Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by Application Floor, ceiling, seat structures, toilet module, wall panel, door, front end cab, and others Market Segments by Fiber Glass fiber, carbon fiber & others Market Segments by Resin Epoxy, polyester, phenolic, vinyl ester, others Market Segments by Manufacturing Process RTM/VARTM, open mold, pultrusion, SCRIMP, injection molding, others Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Core Molding Technologies, IDI Composites, Polynt Riechhold Group, Teijin, and BASF Trend Growth Rate and CAGR4.6% Key Industry Forecast The global market of composite materials in mass transportation and off road equipment is expected to reach an estimated $1.0 billion by 2023 and it is forecast to grow at a CAGR of 4.6% from 2018 to 2023 Key Industry Driver Driver: 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. 2

Industry Overview Market Size The global market of composite materials in mass transportation and off road equipment is expected to reach an estimated $1.0 billion by 2023 and it is forecast to grow at a CAGR of 4.6% from 2018 to 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. Market Size (2023)$1.0 billion CAGR ( )4.6% 3 Industry Performance : Forecast