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COVID Impact On Global Automotive Metal Market 2020-2025

01-12-2021 04:32 PM CET | Tourism, Cars, Traffic

Press release from: Mobility Foresights

COVID Impact On Global Automotive Metal Market 2020-2025

Constellium a leading European aluminum supplier derives ~25% of its annual sales from auto industry and is supplying to BMW and Daimler.

Vehicle manufacturers are exploring the use of Aluminium, high-strength steel, magnesium, carbon-fiber composites, and other lightweight materials to reduce vehicle mass and improve fuel economy.

Electric vehicle growth will leading to changes in physical and functional requirements of BIW( body-in-white) impacting future vehicle design. The newly designed electric vehicle’s aluminum architecture comprises more than 70% aluminum, enabling significant weight reduction.

The changes are also apparent in terms of riveting and bonding technology required to create a light, stiff body structure. In addition, aluminum is also required for battery modules, which is a combination of aluminum sheet and extrusions.Li-ion batteries to power BEVs and PHEVs (which will account for more than 75% of all plug-in EVs sold in 2019) are extremely heavy(7kg/kWh), so light-weighting is essential and aluminum is a preferred choice for that

Download sample- https://mobilityforesights.com/product/automotive-metal-market/

Development of new high strength alloys and high crush alloys are important for crash management systems((a combination of bumper beams and crashboxes). Improved crash management is important for EVs due to different structural aspect of a vehicle compared to an internal combustion engine

Tesla Model 3- The second most successful BEV model till date has aluminum in the cabling connecting the electric motor with the onboard battery pack. Aluminum cabling is lighter and less expensive than traditional materials used in cabling.

The recently unveiled Model Y which will start production in 2021 shares ~75% of its parts with the Model 3 with a similar hybrid aluminum and steel body, which is in contrast to Model S and X, which have all-aluminum construction. The battery tray is also made of Aluminum-steel and the materials are bonded together using friction stir welding, adhesives, and mechanical fasteners

Download sample- https://mobilityforesights.com/product/automotive-metal-market/

COMPANY PROFILES
Arcelor Mittal
Voestalpine Group
Thyssenkrupp AG
Tata Steel
JSW
Novelis Inc
Alcoa Corporation
Hyundai Steel Co., Ltd
China Steel Corporation
Nippon Steel & Sumitomo Metal Corporation
Essar Steel
United States Steel Corporation

THIS AUTOMOTIVE METAL MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Automotive Metal Market size and Forecast , by region, by application
2. Average B-2-B price for Automotive Metal Market, by region, per user
3. Technology trends and related opportunity for new Automotive Metal Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on Automotive Metal Market earnings

Media Contact
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.

We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

The consistently changing business sector progression in mobility space has put considerably more accentuation on looking at advertise knowledge before your peers. An important market insight, when learned at opportune time, could be the distinction between a decent and a terrible business choice.

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