The Global Automotive Alloy Market is projected to grow at the CAGR of 7% to reach the market size of USD 177.47 Billion by 2027.
Automotive alloys are used in the manufacture of exterior and interior parts for powertrains, chassis, commercial and passenger cars to reduce weight and increase fuel economy. The global automotive alloys market has observed significant development over the historical period. Key factors driving the development of the market include research and development to improve fuel efficiency, stringent emission standards, and expanded government regulations to reduce overall vehicle weight. In addition, rapid urbanization, increasing vehicle production, increasing demand for automobiles, fuel economy regulations, and improving driving dynamics are further accelerating the market evolution.
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Market Segments
By Alloy Type
- Steel
- Aluminum
- Magnesium
- Others
By Vehicle Type
- Passenger car
- Light commercial vehicle
- Heavy commercial vehicle
By area of Application
- Structural
- Powertrain
- Exterior
- Others
Key Players
Some of the key players operating in the global automotive alloy market include AMG Advanced Metallurgical Group N.V., Alcoa Inc., ArcelorMittal South Africa Ltd., Kobe Steel Ltd., Constellium N.V., Novelis Inc., ThyssenKrupp AG, UACJ Corporation, Norsk Hydro ASA, and Nippon Steel & Sumitomo Metal Corporation.
Scope of the Report
The research study analyzes the global Automotive Alloy industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Automotive Alloy Market is available at: https://www.orionmarketreports.com/automotive-alloy-market/59162/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Alloy Market Report
1. What was the Automotive Alloy Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Automotive Alloy Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Alloy Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Alloy market.
- The market share of the global Automotive Alloy market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Alloy market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Alloy market.
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