Press release
Automotive Aluminum Alloy Market 2021 to Build Excessive Revenue at Healthy Growth Rate by 2027 With Top Growing Companies | Novelis, Alcoa, Constellium N.V, AMG Advanced Metallurgical Group
The Global “Automotive Aluminum Alloy Market” research report offers detailed information on business development, advanced growth strategies, and forecasted trends. It covers sales patterns, market size, price structure, market share, and market progressions, as well as the current condition and future prospects of the market.The Automotive Aluminum Alloy market research report provides a comprehensive insight of the global industry’s revenue, demand situation, competitive landscape, and regional segments. This report also includes a thorough examination of the Automotive Aluminum Alloy market, including all of the factors that influence market growth, as well as Porter’s Five Forces and SWOT analyses.
The Analysts forecast the global Automotive Aluminum Alloy market to grow at a CAGR of 8.9 % during the period 2021-2027.
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Some of the Prominent Companies in this Automotive Aluminum Alloy market are:
Novelis, Alcoa, Constellium N.V, AMG Advanced Metallurgical Group, UACJ Corporation, Norsk Hydro ASA, RIO Tinto, Aluminum Corporation of China Limited, Aleris, Autoneum Holding AG, Federal-Mogul Holding Corporation, Dana Holding Corporation, Elringklinger AG, Progress-Werk Oberkirch AG, Thermotec Automotive Products
The Automotive Aluminum Alloy market size, market characteristics, and market growth of the industry are detailed in this study, which is divided into types, applications, and consumption areas. The research also describes the major firms and introduces players in the industry from the standpoint of the industry chain and marketing chain.
MARKET SEGMENTATION
Automotive Aluminum Alloy Market, by Type
Powertrain
Chassis & Suspension
Car Body
Other
Automotive Aluminum AlloyMarket, by Application
Cast Aluminum Alloy
Rolled Aluminum Alloy
Extruded Aluminum Alloy
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Automotive Aluminum Alloy Market, by Region
Asia Pacific held the largest revenue share of 43.6% as of 2019 and is expected to maintain its lead over the forecast period. Usage of high strength aluminum alloys in the automotive, railways, and defense is expected to propel the product demand over the forecast period. High strength aluminum alloys are extensively used in high-speed trains due to characteristics including lightweight, ease in assembly of parts, and high corrosion resistance.
Upcoming rail projects in the region are expected to positively influence the demand for high strength aluminum alloys over the forecast period. For example, in March 2020, Hyundai Rotem won the contract of supplying 15 trainsets by 2024 from SG Rail and a joint venture of John Holland and McConnell Dowell South East Asia won a contract of designing and building three stations on the Pandan Reservoir branch, Singapore by the Land Transport Authority
Goals and objectives of the study
Identify major market trends, developments, opportunities, and influencing factors in the worldwide Automotive Aluminum Alloy market and its sub-segments.
For the global Automotive Aluminum Alloy market, identify and analyse main industry categories and their corresponding frameworks.
Estimate the global size of the Automotive Aluminum Alloy market and analyse it by type, application, and region.
Identify key players and analyse the business environment based on recent events and revenue segments.
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What does the Report Include?
The market report contains a complete analysis of the company’s major drivers and constraints, opportunities, and challenges throughout the forecasted timeframe. In addition, the research provides in-depth analysis of the market’s regional changes and how they will influence its growth during the forecast period.
Our research analysts gathered information from industry experts and used a variety of research approaches to compile this report. The competitive landscape provides more information on the companies’ strategies for maintaining market dominance between 2021 and 2026, including product launches, partnerships, mergers and acquisitions, and collaborations.
The report can answer the following questions:
North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Global Automotive Aluminum Alloy industry.
Global major Innovation and developments operating situation (sales, revenue, growth rate and gross margin) of Global Automotive Aluminum Alloy industry.
Different types and applications of Global Automotive Aluminum Alloy industry, market share of each type and application by revenue.
Global market size (sales, revenue) forecast by regions and countries from 2021 to 2026 of Automotive Aluminum Alloy industry.
PEST analysis of Global Automotive Aluminum Alloy industry
SWOT analysis of Global Automotive Aluminum Alloy industry.
Global Automotive Aluminum Alloy Industry New Project Investment Feasibility Analysis.
Report Customization
Our innovative data-mining technique allows us to provide our clients with exclusive and customized insights while preserving precision and speed. On all key fronts – regional, segment, and competitive landscape level – we personalize the Research data. With every report purchase, we include 40 analyst hours of free customization
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