Aluminium Alloys in Automotive Industry SynopsisThe global Aluminium Alloys in Automotive Industry is growing at a rapid pace and is anticipated to register a favorable 7% CAGR during the assessment period (2016-2022). Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include increasing government legislation to decrease the overall vehicle weight, research and development (R&D) on fuel economy and stringent emission norms. An alloy is a mixture comprising of two or more chemical elements of which one is a metal and is used in different applications. Its use is limitless resting on the materials used and the complexity of the alloy. Alloys such as titanium, stainless steel, nickel, copper and aluminum have various uses in different applications.
The increasing inclination towards lightweight auto components is presumed to boost demand for alloys for cars in the forthcoming years. In addition, increasing sales of automobiles is also poised to expand the Aluminium Alloys in Automotive Industry over the forecast period.
Competitive Dashboard
ArcelorMittal SA (Luxembourg), Alcoa Inc. (U.S.), Aditya Birla Group (India), UACJ Corporation (Japan), Kobe Steel, Ltd. (Japan), ThyssenKrupp AG (Germany), Norsk Hydro ASA (Norway), Constellium (Netherlands), AMG Advanced Metallurgical Group NV (Netherlands), and AGCO Corporation (U.S) are some of the most crucial players of the global Aluminium Alloys in Automotive Industry. These players are assessed to shed light on the share analysis of the global market. Some of the key strategies to be executed by these players in the coming years for growth are – collaborations, strategic alliances, mergers & acquisitions, partnerships, etc.
Segmentation
The division of the [FURL=https://www.marketresearchfuture.com/reports/alloys-for-automotive-market-1910]Aluminium Alloys in Automotive Industry[/FURL] , based on type, covers iron, steel, titanium, copper, and others.
On the basis of backing application, the alloys automotive market has been segmented into comprises chassis, interior, exterior, and powertrain.
On the basis of vehicle type, the Aluminium Alloys in Automotive Industry has been divided into passenger vehicle and commercial vehicles.
Regional Analysis
The geographical evaluation of the global Aluminium Alloys in Automotive Industry has been covered in the report for the following regional segments – Asia Pacific (APAC), Europe, South America, the Middle East & Africa (MEA), and North America. The segments are then assessed on the level of key countries present. Asia Pacific s presumed to lead the proliferation of the market. The alloys for automotive industry in the region are expected to boom due to the rising demand for automobiles. Increasing per capita income of the region is prognosticated to play a key role in the expansion of the demand for automobiles, thus, supporting market growth.
North America is a major segment and is likely to secure the second position in the market place. The consolidation of major automobile manufacturers in the region is expected to support its growth curve in the foreseeable future. It is also poised to benefit from its strong economic development over the next couple of years.
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