Press release
Automotive Metal Market Study Report 2019 | Top Players Tata steels, Hyundai steel, Essar steel, Thyssenkrupp AG, Novalis, Posco, Voestalpine Group
Automotive Metal Market
Aluminum will exhibit significant growth rate owing to its lightweight and high recyclability. manufacturers focusing on overall vehicle weight reduction are increasing using aluminum over other metals will drive the demand.
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Automotive Metal Market Size will experience steady growth owing to increasing vehicle demand across the globe.
Surge in passenger vehicle demand backed by increasing disposable income in developing economies primarily drive the demand for raw material used in automotive industry. Increasing vehicle demand has led increasing vehicle production which drives the demand for automotive metal market. Significant use of metals in auto components such as chassis, engine, roof, panels, wheels, brake, radiator will increase automotive metal market share during forecast period.
Stringent government regulations for reducing vehicle emission has led to OEMs demanding light weight materials for their vehicle production. Demand of light weight steel, aluminum & magnesium and technological advancements focused towards increasing material strength will support the industry growth.
The Automotive Metal Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Automotive Metal Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 - 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2019
3.11. PESTEL analysis
3.14. Regional price trends
4. Automotive Metal Product Insights
5. Automotive Metal Application Insights
6. Automotive Metal Regional Insights
7. Competitor Profiles
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/automotive-metal-market
Asia Pacific dominates overall automotive metal market owing to largest automobile production industry leading to high raw material demand. Countries contributing to the regional growth are China & India with highest demand and high growth rate. High passenger vehicle demand will increase raw material consumption during the forecast period.
North America is expected to witness significant growth during the forecast timeframe owing to presence of several vehicle manufacturers in the region. Relaxation in regulations regarding standards for reducing greenhouse emissions and vehicle fuel efficiency goals by Trump government will support the industry growth. Moreover, government reviewing other standards related to vehicle emission and border adjustment tax is also expected to affect the industry growth in the region.
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Major manufacturing companies are Tata steels, Hyundai steel, Essar steel, Thyssenkrupp AG, Novalis, Posco, Voestalpine Group, Nippon steel & Sumitomo Metal corporation, United steel corporation, ArcellorMittal, UACJ Corporation, Kobe Steel, AMG Advanced Metallurgical Group, Constellium NV,Massey Ferguson Ltd. and Norsk Hydro among others. The companies focus on new product development to increase strength to weight ratio of metal. For instance, in November 2016, ArcellorMittal launched new generation of advanced high strength steels for automotive applications.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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