Press release
Alloys for Automotive Market 2018 Global Key Country Analysis: ArcelorMittal, Aditya Birla Group, Alcoa, UACJ, ThyssenKrupp, Kobe Steel, Norsk Hydro ASA
Alloys for Automotive Market
Alloys for Automotive Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Alloys for Automotive Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
Global Alloys for Automotive Market Information Report by Type (Iron, Titanium, Steel), by Application (Chassis, Powertrain), by Vehicles (Passenger Vehicle and Commercial Vehicles) and by Region - Global Forecast to 2022
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Market Insights
Market Research Future has revealed that the global alloys for automotive market are expected to display growth at a CAGR of 7% during the forecast period of 2016 to 2023. Several factors including the demand for fuel-efficient vehicles, increasing demand for automotive vehicle and the improvement of cost efficiency drive the growth of the global alloys for the automotive market.
The weight of the vehicle is directly related to the fuel efficiency with which it performs. As a result, automotive manufacturers are increasingly using alloys to achieve this. Globally, the demand for automotive vehicles has grown significantly, with a particular focus in emerging economies where increasing purchasing power has resulted in an increase in demand for automotive vehicles. Increasing sales of automotive vehicles have driven the demand for fuel which has volatile pricing and is constantly increasing, thus increasing the need for fuel efficiency and driving the demand for alloys for automotive. Notably, alloys often have enhanced properties; for instance, magnesium alloys are used for the manufacture of various internal automotive components due to its lightweight nature and additional properties such as high ability to absorb vibrations, corrosion resistance, and several other factors. Ongoing research and development of alloys to find the most suitable option is a significant market driving factor. Moreover, lightweight vehicles are likely to produce less emission. With global concern for environmental damage increasing, the demand for vehicles with low emission and consumption of traditional fuel is growing rapidly. Additionally, stringent government regulations with regards to environmental protection are expected to increase the market value of the alloys for the automotive market.
Market Segmentation
MRFR's segmentation of the global alloys for the automotive market has been performed on the basis of type, application, vehicles, and region. Various types of alloys are used in automotive production including steel, copper, titanium, iron, and others. Applications for alloys can be found in the production of chassis, powertrain, interior, and exterior. Alloys for automotive are used for the manufacture of both passenger vehicles and commercial vehicles.
The global division of the market segments it into North America, South America, Europe, Asia Pacific, and the Middle East and Africa.
Regional Analysis
The Asia Pacific accounts for the most significant market share of the global alloy for the automotive market. The region has a high concentration for emerging economies which include China, Japan, and India. These countries lead the market for alloy in automotive as these countries and the region as a whole has been established as an automotive manufacturing hub. Increasing production of vehicles due to the availability of cheap labor and reduced overhead costs have significantly increased growth for the APAC region. Moreover, rapid urbanization and the global shift in the economy due to the rising buying power of the massive consumer population present in the APAC has resulted in significantly high demand for automotive vehicles, thus driving sales. Increased sales and the presence of unique socio-economic factors in the region has greatly encouraged auto manufacturers to produce lightweight, fuel-efficient vehicles to meet demand. The APAC market is followed by North America and Europe which are the second and third largest regional markets in the global alloy for the automotive market.
Key Players
GCO Corporation, Kobe Steel, Ltd., ArcelorMittal SA, UACJ Corporation, Alcoa Inc., Aditya Birla Group, AMG Advanced Metallurgical Group NV, ThyssenKrupp AG, Constellium, and Norsk Hydro ASA are among the significant market players that have been profiled in MRFR’s analysis of the competitive landscape of the global alloys for automotive market.
Latest Industry News
Liberty Powder Metals has been granted over USD 6 Mn in investments or the development of specialty alloy metal powders for applications in 3D printed car parts.
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Table of Contents
REPORT PROLOGUE
INTRODUCTION
RESEARCH METHODOLOGY
MARKET DYNAMICS
ALLOYS FOR AUTOMOTIVE MARKET, BY TYPE
ALLOYS FOR AUTOMOTIVE MARKET, BY APPLICATION
ALLOYS FOR AUTOMOTIVE MARKET, BY VEHICLES
ALLOYS FOR AUTOMOTIVE MARKET, BY REGION
COMPANY LANDSCAPE
COMPANY PROFILE
MRFR CONCLUSION
APPENDIX
Continued…….
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.
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