Growing penetration of electric vehicle to augment Alloy Market for Automotive market growth, Top Key players - UACJ Corporation, Arcelormittal SA, Nippon Steel & Sumitomo Metal Corp.

Alloy Market for Automotive - by Product Type (Steel, Aluminum, and Magnesium), by Applications (Structural, Exterior, Power Train, and Others), by Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle, and Passenger Cars), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East & Africa)

The Alloy Market for Automotive research also offers impartial, objective evaluation and analysis of industry prospects along with a detailed market study that includes a number of other crucial market aspects. With the sole purpose of supporting our clients in making informed business decisions, these qualified industry analysts assess the cost, market share, growth potential, technologies, market sizing, supply chains, applications, export & import, businesses, and more

𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝗧𝗼 𝗚𝗲𝘁 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 @ https://www.coherentmarketinsights.com/insight/request-sample/1885

𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄:

Automotive alloys are easy to mold and are very ductile in nature. They provide more strength to pure metals.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲:

ThyssenKrupp AG, Sumitomo Metal Corporation, AMG Advanced Metallurgical Group, UACJ Corporation, Arcelormittal SA, Nippon Steel & Sumitomo Metal Corp., Constellium N.V., Alcoa Inc., Norsk Hydro ASA, and Novelis Inc.

𝗞𝗲𝘆 𝗗𝗿𝗶𝘃𝗲𝗿:

Increasing penetration of electric vehicle is driving growth of the aluminum alloys market. According to the International Energy Agency, sales of electric cars topped 2.1 million globally in 2019, surpassing 2018 to boost the stock to 7.2 million electric cars. Electric cars, which accounted for 2.6% of global car sales and about 1% of global car stock in 2019, registered a 40% year-on-year increase.

Growing disposable income is another key factor propelling market growth. According to the report by Bureau of Economic Analysis (BEA), Disposable Personal Income (DPI) in the U.S. increased by US$ 39.8 billion (0.3 %) in April 2018 as compared to 2017.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 - https://www.coherentmarketinsights.com/insight/request-discount/1885

𝗚𝗲𝗼𝗴𝗿𝗮𝗽𝗵𝗶𝗰𝗮𝗹 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲:

Each of the geographies in the Alloy Market for Automotive study has its own analysis. Major regions create a large portion of the market's income, which is identified by the researchers' in-depth geographical analysis, along with the countries that dominate them. The following regions are covered in the Alloy Market for Automotive market research study:

North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Russia, Spain, and the Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, and Rest of APAC), South America (Brazil, Argentina, Columbia and Rest of Latin America), Middle East & Africa (Saudi Arabia, South Africa, Turkey, Nigeria, UAE and Rest of MEA)

𝗧𝗮𝗯𝗹𝗲 𝗼𝗳 𝗖𝗼𝗻𝘁𝗲𝗻𝘁

📌 Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.5 Market Size Analysis from 2022 to 2028 1.6 COVID-19 Outbreak: Alloy Market for Automotive Industry Impact

📌 Chapter 2 Alloy Market for Automotive Competition by Types, Applications, and Top Regions and Countries 2.1 Market (Volume and Value) by Type 2.2 Market (Volume and Value) by Regions

📌 Chapter 3 Production Market Analysis 3.1 Global Production Market Analysis 3.2 Regional Production Market Analysis

📌 Chapter 4 Alloy Market for Automotive Sales, Consumption, Export, Import by Regions (2016-2021)

📌 Chapter 5 North America Industry Market Analysis

📌 Chapter 6 East Asia Alloy Market for Automotive Analysis

📌 Chapter 7 Europe Industry Market Analysis

📌 Chapter 8 South Asia Alloy Market for Automotive Analysis

📌 Chapter 9 Southeast Asia Market Analysis

📌 Chapter 10 Middle East Alloy Market for Automotive Analysis

📌 Chapter 11 Africa Market Analysis

📌 Chapter 12 Oceania Market Analysis

📌 Chapter 13 South America Alloy Market for Automotive Analysis

📌 Chapter 14 Company Profiles and Key Figures in Alloy Market for Automotive Business

📌 Chapter 15 Alloy Market for Automotive Forecast (2022-2028)

📌 Chapter 16 Conclusions

Continued....

Covid-19 Impact Analysis

The outbreak COVID-19 disease has badly affected many industries and automobile is one such industry. During these time supply chain and automobile production, operations, and capital spending was completely closed. The industry has put restrictions on the export and import of automobiles and components. Moreover, this infection has forced around 95 percent of all German automotive companies to shut down and remained closed for month or more. These are challenging times for automotive industry which is one of the most important of the economy.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:

The Alloy Market for Automotive market is expected to exhibit a CAGR over the forecast period owing to the increasing penetration of electric vehicle

Europe is expected to witness significant growth over the forecast period owing to the strong presence of automotive industry. According to the European Automobile Manufacturers Association, 10.8 million passenger cars were made in the European Union in 2020, a drop of 23.3% compared to 2019. This interactive chart shows the number of passenger cars produced in the EU, and each of the 27 member states, during the 2009-2020 period.

𝗗𝗶𝗿𝗲𝗰𝘁 𝗕𝘂𝘆 𝗧𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.coherentmarketinsights.com/insight/buy-now/1885

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:
Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154, U.S.

Email: sales@coherentmarketinsights.com

United States of America: +1-206-701-6702

United Kingdom: +44-020-8133-4027

Japan: +050-5539-1737

India: +91-848-285-0837

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, United States.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

𝗔𝗯𝗼𝘂𝘁 𝗖𝗼𝗵𝗲𝗿𝗲𝗻𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.