Israel Automotive Lightweight Material Market Outlook

the automotive lightweight material market outlook is promising for manufacturing companies in israel in 2018 to 2032. with an increase in emission regulations, the average vehicle weight has also been significantly reduced, necessitating the introduction of advanced lightweight materials to meet these new technological demands. gdp growth in israel is expected to increase to an average of 4.2% in 2019 (according to imf world economic outlook data), providing an encouraging environment for increased investments in the automotive industry. the israeli automotive industry is pivoting from the traditional reliance on durable and heavy materials like steel to more lightweight materials, such as aluminum and composite materials, that will enable them to reduce vehicle weight and improve fuel economy. according to research by global and laner, the israeli automotive lightweight material market is expected to grow at a cagr of 6.94%, driven by increased automobile production in israel. future demand for lightweight materials in the israeli automotive industry is further expected to increase due to the shift towards electric vehicles and autonomous driving vehicles. advanced materials will play a critical role in construction, such as high-efficiency batteries for electric vehicles and lightweight intelligent structures for autonomous vehicles. the israeli automotive industry is currently in the process of implementing industry 4.0 technologies, which provides opportunities for the use of advanced materials in the production of complex components with effectively improved performance. the use of composites in body panels, interiors and engine components, such as cylinders and pistons, can open doors to further technological advances for the israeli automotive industry. the automotive industry in israel is further expected to benefit from the advances in additive manufacturing which can enable simpler and faster production with injection molded parts. besides, israel's automotive industry has a strong foundation in national research and development, represented by numerous industrial parks, r&d clusters and incubators. these factors, along with government support for the industry, are expected to propel the industry forward in the coming years and create potential market opportunities for lightweight materials providers.