Reliable Data You Can Trust
Reliable Data You Can Trust
A recent
report published by Infinium Global Research on the automotive metal market
provides in-depth analysis of segments and sub-segments in the global as well
as regional automotive metal market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional automotive
metal market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
automotive metal market. According to the report, the global automotive metal
market is projected to grow at a CAGR of 5.9% over the forecast period of
2019-2025.
Automotive
metal includes steel, aluminum, and other metals. Steel is used in most
automotive parts of the vehicle due to its strength and most affordable
material. Nowadays aluminium and other metals are also used in various vehicle
part due to high recyclability and light in weight. Magnesium alloy is also
used in the interior part of the vehicle. Aluminium is a light that helps to
reduce fuel consumption and reduce CO2 emission.
Enhancement
in the automotive industry by adopting new technologies along with innovations
in the new design as per consumer preference is the factor driving the growth
of the global automotive metal market. Increasing demand for lightweight cars
for fuel efficiency propels the growth of the automotive metal market. On the
other hand, the availability of substitute product such as plastics and carbon
fiber in the market may restrict the growth of the global automotive metal
market. Moreover, the adoption of advanced technologies such as connected or
autonomous vehicles creates an opportunity for the growth of the global
automotive metal market. High demand for the electric vehicle will increase the
requirement for the material in the coming years.
Geographically,
Asia Pacific region dominates by the largest market share in the automotive
metal market due to the adoption of advanced technologies by the manufacturer
that creates new designs and manufacturing processes as per consumer demand.
Asia Pacific region expected to boost the growth of the automotive metal market
due to the adoption of electric vehicles. In Asia-Pacific, China holds the
highest share followed by Japan and India. An increasing number of vehicle
sales in China fuels the growth of the automotive metal market. Furthermore,
North America held the second-largest market share owing to growth in the
automotive sector. Presence of major manufacturer in the North America region
is the factor that boosts the growth of the automotive metal market. In North
America, the U.S accounted for the highest share followed by Canada and Mexico.
The report on the global automotive metal market covers segments such as product, application,
and end-use. On the basis of product, the sub-markets include aluminum,
magnesium, steel, and other products. On the basis of application, the
sub-markets include power train, suspension, body structure, and other
applications. On the basis of end-use, the sub-markets include passenger cars,
and commercial cars.
The report
provides profiles of the companies in the market such as POSCO, Tata Steel
Limited, ArcelorMittal S.A., Voestalpine AG, thyssenkrupp AG, Essar Group,
Novelis Inc., United States Steel Corporation, Nippon Steel Group, Hyundai
Steel Co., Ltd, and Other Companies.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of the automotive metal market. Moreover, the
study highlights current market trends and provides forecast from 2019-2025. We
also have highlighted future trends in the market that will affect the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight into the market share of the leading players.
Please Choose One of them.