According to Stratistics MRC, the Global Automotive Alloy market is estimated at $108.59 billion in 2015 and is expected to reach $192.61 billion by 2022 growing at a CAGR of 8.5% from 2015 to 2022. Rising fuel prices, strict environmental rules and increasing demand for automobiles are some of the key factors favouring the market growth. However, huge cost of the automotive alloy is hampering the market. On the other hand rising demand for electric vehicles (EV) seems to be opportunity for automotive alloy market.
By alloy type, steel alloy segment is accounted for largest market share owing to the higher usage of steel alloys in the production of vehicle. Asia Pacific is the leading market, and is also anticipated to observe the highest growth. The major reason for the high growth is increasing disposable income of this region.
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Some of the key players in the market include
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, Novelis, Inc. and Kobe Steel, Ltd.
• Other Applications
Alloy Types Covered:
• Other Alloy Types
Vehicle Types Covered:
• Heavy Commercial Vehicles (HCV)
• Passenger Cars
• Light Commercial Vehicles (LCV)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o South Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
About the Author :
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. We also provide COTS (Commercial off the Shelf) business sector reports as custom exploration agreeing your particular needs.