Lightweight Cars Market Share

Market Share of Lightweight Cars Industry

Lightweight Cars Market is consolidated, some of the major players in the lightweight car market are Toyota Motor Corporation, Nissan Motor Co. Ltd, Kia Motors Corporation, Hyundai Motor Co., and Ford Motor Company.

Auto manufacturers majorly dominate the market for lightweight cars. They also have a long-standing partnership with major composite manufacturing companies. With the need for sustainability and lower emissions to protect the environment, many OEMs are releasing electric vehicles on their models. The industry is looking to invest in and develop electric vehicles with the best combination of performance and a long travel range. For instance,

• In December 2023, Toyota Europe has announced plans to roll out a new electric vehicle a Sport Crossover developed in collaboration with BYD. This launch, expected within the next few years is part of Toyota's broader strategy to expand its electric and low-emission vehicle portfolio in Europe by 2026. 
• This initiative aligns with the company's commitment to sustainable transportation and marks a significant step in its efforts to introduce a diverse range of environmentally friendly vehicles to the European market. The collaboration with BYD underscores Toyota's approach to leveraging partnerships in advancing its light electric vehicle technology and offerings.

Lightweight Cars Market Leaders

1. Toyota Motor Corporation

2. General Motors

3. Bayerische Motoren Werke AG (BMW)

4. Hyundai Motor Co.

5. Nissan Motor Co. Ltd

*Disclaimer: Major Players sorted in no particular order