Alloy Market for Automotive: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-819 | Report Format : | Status : Upcoming |

Abstract

Global Alloy Market for Automotive: Overview

The automotive alloy is made up of magnesium or aluminum alloy. These are a blend of metal and other elements. The automotive alloys are softer and more ductile in nature and capable of providing more strength to the pure metals. These alloys are lighter and provide improved superficial appearance on the steel surface and better heat conduction. Steel is most preferred for automotive which is made up of an alloy of iron and carbon.

Global Alloy Market for Automotive: Growth Factors

Increasing demand for lightweight vehicles among consumer drives the global alloy market for automotive. Lightweight vehicles are more fuel-efficient and help to reduce carbon emissions. In addition, increasing the pace of vehicle production is further anticipated to boost the global market growth. Moreover, escalating demand for lightweight vehicles may enhance the global alloy market for automotive in the future. However, rapidly increasing urbanization and stringent regulations on fuel efficiency and greenhouse emissions are expected to propel the global market. Potential growth in the production of electric vehicles and integration of the comfort technologies and advanced safety in the vehicles is projected to propel the market global alloy market for automotive growth. Moreover, the original equipment manufacturers inclination to use lighter materials in vehicles for reduced vehicle weight may positively enhance the global market. However, the pretty high cost of aluminum and magnesium alloys may restrain the global alloy market for automotive growth to some extent.

Global Alloy Market for Automotive: Segmentation

The global alloy market for automotive is categorized based on applications as the exterior, structural, power train, and others. Based on types of alloy, the global market further segmented as magnesium, steel, aluminum, and others. Moreover, the global market is classified based on types of vehicle as a heavy commercial vehicle (HCV), passenger car, and light commercial vehicle (LCV). North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa show geographical segmentation of global alloy market for automotive.

Global Alloy Market for Automotive: Regional Analysis

Asia Pacific is experiencing higher growth in the automotive alloys owing to increasing vehicle production and rapid urbanization. In addition, stable economic growth in this region further boosts the global market. Indonesia, China, Thailand, and South Korea are contributing largely in the global alloy market for automotive due to growing demand for lightweight vehicles. Large population base in China and India contributed to significant growth in automobiles sales. Whereas, North America and Europe are considered matured markets for automotive alloys. Furthermore, the Middle East and Africa, Japan, and Latin America are growing at a steady rate.

Global Alloy Market for Automotive: Competitive Players

Major players dominating the global alloy market for automotive are Norsk Hydro ASA, KOBE STEEL, LTD, UACJ Corporation, Alcoa Corporation, and ArcelorMittal S.A. Other key players influencing the global market are Constellium, Nippon Steel & Sumitomo Metal Corporation, Thyssenkrupp AG, AMG Advanced Metallurgical Group N.V., and Novelis, Inc.

Global Alloy Market for Automotive: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Modular Construction Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3753 | Report Format:

Global Modular Construction Market: Overview Modular constructions are intelligent structures that are built with the help of advanced technology. The construction work is simplified by making different modules of a structure. Work on these modules is done away from the building site and once it...Read More

Floating LNG Power Vessel Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3748 | Report Format:

Global Floating LNG Power Vessel Market: Overview Floating LNG power vessel is suitable for remote areas where electrical demand is small such as small islands. These vessels help in bringing power supply to remote areas such as islands and thereby help in resolving the power crises issue. With ...Read More

Drone Logistics and Transportation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3652 | Report Format:

Global Drone Logistics and Transportation Market: Overview UAV or unmanned aerial vehicles or simply drone are distantly piloted aerial devices that play a vital role in both commercial and defense sectors. Drones are extensively being used for border surveillance apart from varied commercial ap...Read More

Automotive Blockchain Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3641 | Report Format:

Global Automotive Blockchain Market: Overview Automotive blockchain has various advantages, such as reduced overall ownership cost, speedy transactions, and rise in the focus on lowering manipulations and data leaks. Thus, this technology is being adopted by various market players to simplify th...Read More

Automotive Interior Materials Market by Product (Plastics, Composites, Leather, Fabrics, and Metals), by Application (Dashboard, Airbag and Seat Belts, Seats, Door Panels and Trims, Carpet and Headliners, and Others), and by Vehicle Type (Passenger Cars, Heavy Commercial Vehicles, and Light Commercial Vehicles): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2024

Dec-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3595 | Report Format:

The report covers a forecast and an analysis for the automotive interior materials market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on volume (Kilotons) and revenue (USD Billion). The study includes drivers an...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.