Global Automotive Metal Market Professional Survey Report 2017
Global Automotive Metal Market Expected to Reach XX Million by 2025— Reports Monitor
According to a new report published by Reports Monitor titled, “Automotive metal Market By Product, End Use and Applications:
Global Opportunity Analysis and Industry Forecast, 2018–2025,” the automotive metal market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Stringent government’s regulations regarding corporate average fuel economy forced automobile companies to switch to the aluminum. Aluminum parts are twice costlier cost than the steel parts. Aluminum’s physical properties are the major drivers for the increased use of aluminum in automotive applications.
Modernization of infrastructure facilities, growing automobile industry, and changes in consumer behavior are major drivers for the growth of automobile metal market globally. Rising demand for smaller, safer and lighter vehicle is fuelling the demand for the aluminum in automotive industry. However, high cost of some metals like magnesium & aluminum and increased use of plastic is expected to hamper the growth of the automotive metal market globally. Additionally, growing demand for shared mobility and improved public transport globally has reduced the purchase of private vehicles which is expected to hinder the growth of automotive metal market.
This report provides a detailed analysis of Automotive metal market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global Automotive metal marketis majorly segmented on the basis of Product (Aluminum, Steel, Magnesium), By Application (Body Structure, Power Train, and Suspension), and By End-use (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles).
Global Automotive metal market is studied across North America, Europe, Asia-Pacific, and LAMEA. Existence of the major automotive companies is fuelling the demand for automotive metals in Europe. Changing consumers’ preferences, stringent governments regulations regarding fuel economy are the major factors driving the growth of automotive market in North America region. Growth of automotive metals market in Asia Pacific region is driven by factors such as rising trend of owing private vehicles, increased disposable income and easy availability of finance.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in Global Automotive metal Market and what are their strategies?
• What segment and region will lead the market and why?
The major companies profiled in the report include: ArcelorMittal SA, Voestalpine Steel Division, Magna International Inc., Alcoa Corporation, Hyundai Mobis, Schaeffler AG, Benteler International, Gestamp, Dana Limited, and GKN plc.
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