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Automotive Alloys Market Revenue, Opportunity, Segment and Key Trends 2017-2027

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The global automotive alloys market is estimated to grow phenomenally owing to rapid urbanization, increasing vehicle production and fuel efficiency regulations. The global automotive alloy market has immense growth potential in terms of electric vehicle production and integration of advanced safety and comfort technologies in vehicles.

The global automotive industry is gradually transitioning towards light weighted vehicles. Due to a growing demand for safety and comfort technologies, automotive vehicles are becoming heavier. Light weighted vehicles are more fuel efficient and contribute to reducing emissions. Research and development on fuel economy of automotive vehicles shows a direct correlation between fuel efficiency and vehicle weight. This has influenced the trend to reduce weight in automobiles and to opt for light weighted alloys in automotive body panels. Thus, OEMs are now getting inclined to use lighter materials in vehicles. Growing demand for fuel efficient vehicles, and government regulations on reduction in vehicle weight are estimated to drive the growth of light weighted automotive alloys in automobiles. Automotive alloys are classified as steel alloys, magnesium alloys, aluminium alloys and others (composites).

In the global automotive alloys market, steel alloys account for the largest market share owing to a growing demand for steel alloys in India and China for manufacturing vehicles. Original Equipment Manufacturers (OEMs) in the automotive industry use magnesium alloy as a light metal alloy. Magnesium alloy offers thermal stability, strength, rigidity, ductility and specific strength; it also weighs lighter. Magnesium alloy is primarily used in the automotive body & chassis structure of a vehicle (oil pumps, housings, the crank shaft, the cylinder crankcase, mounts, brackets and the radiator support), and other interior parts. The market for magnesium alloys is estimated to grow at a stable rate over the forecast period. The aluminium alloy segment is estimated to grow fastest owing to a high demand for light weighted vehicles with aluminium alloys.

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Automotive Alloys Market Revenue, Opportunity, Segment and Key Trends 2017-2027

  1. 1. Automotive Alloys Market Growth, Trends, Absolute Opportunity and Value Chain 2017-2027 February 2017 ©2015 Future Market Insights, All Rights Reserved Report Id : REP-GB-2665 Status : Ongoing Category : Automotive & Transportation
  2. 2. About Future Market Insights ©2015 Future Market Insights, All Rights Reserved Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Research Capabilities Subscription Information  Customized Research  Syndicated Research  Investment Research  Social Media Research Sector Coverage  Automotive and Transportation  Electronics, Semiconductor, and ICT  Retail and Consumer Products  Industrial Automation and Equipment  Chemicals & Materials  Food and Beverages  Services and Utilities  Energy, Mining, Oil, and Gas For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Customized Research Syndicated Research Investment Research Social Media Research 2
  3. 3. Research Methodology (1/2) Systematic Research Approach In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. PMR formulates a detailed discussion guide to conduct expert and industry interviews PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts PMR conducts interviews with industry experts, industry players, distributors and retailers Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry PMR delivers industry insights and information in the required format (PDF) Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution A C B Primary Research Company Analysis Desk Research  Identifying key opinion leaders  Questionnaire design  In-depth interviews  Coverage across value chain  Market participants  Key strengths  Product portfolio  Mapping as per value chain  Key focus segments  Key industry experts  Channel study  Developments  Market dynamics  Products  Conclusions SOLUTION Primary Research#  Linkedin  Zoominfo  Salesforce  Avention  Factiva  GBI  Genios  Meltwater  Company websites  Company annual reports  White papers  Financial reports ©2015 Future Market Insights, All Rights Reserved Secondary Research # Paid Publications# Insights Market profiling Formulating discussion guide Developing list of respondents Data analysis Data validation Data collection 1 2 3 4 5 6 7 # includes sources of databases 3
  4. 4. Automotive Alloys Market Growth, Trends, Absolute Opportunity and Value Chain 2017-2027 The global automotive alloys market is estimated to grow phenomenally owing to rapid urbanization, increasing vehicle production and fuel efficiency regulations. The global automotive alloy market has immense growth potential in terms of electric vehicle production and integration of advanced safety and comfort technologies in vehicles. The global automotive industry is gradually transitioning towards light weighted vehicles. Due to a growing demand for safety and comfort technologies, automotive vehicles are becoming heavier. Light weighted vehicles are more fuel efficient and contribute to reducing emissions. Research and development on fuel economy of automotive vehicles shows a direct correlation between fuel efficiency and vehicle weight. This has influenced the trend to reduce weight in automobiles and to opt for light weighted alloys in automotive body panels. Thus, OEMs are now getting inclined to use lighter materials in vehicles. Growing demand for fuel efficient vehicles, and government regulations on reduction in vehicle weight are estimated to drive the growth of light weighted automotive alloys in automobiles. Automotive alloys are classified as steel alloys, magnesium alloys, aluminium alloys and others (composites). Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-2665 In the global automotive alloys market, steel alloys account for the largest market share owing to a growing demand for steel alloys in India and China for manufacturing vehicles. Original Equipment Automotive Alloys Market ©2015 Future Market Insights, All Rights Reserved 4
  5. 5. Manufacturers (OEMs) in the automotive industry use magnesium alloy as a light metal alloy. Magnesium alloy offers thermal stability, strength, rigidity, ductility and specific strength; it also weighs lighter. Magnesium alloy is primarily used in the automotive body & chassis structure of a vehicle (oil pumps, housings, the crank shaft, the cylinder crankcase, mounts, brackets and the radiator support), and other interior parts. The market for magnesium alloys is estimated to grow at a stable rate over the forecast period. The aluminium alloy segment is estimated to grow fastest owing to a high demand for light weighted vehicles with aluminium alloys. Global Automotive Alloys: Market Dynamics Drivers: It is projected that the global automotive alloys market will be driven by the high demand of light weighted vehicles and the increasing pace of vehicle production. Also, the global automotive alloys market is estimated to be fuelled by rapid urbanization and regulations on fuel efficiency and greenhouse emissions. Restraints: Automotive Alloys Market ©2015 Future Market Insights, All Rights Reserved 5
  6. 6. In the global automotive alloys market, the relatively high cost of magnesium and aluminium alloys may hamper growth over the forecast period. Global Automotive Alloys Market: Segmentation Following is the segmentation for the global automotive alloys market: On the basis of type of alloy, the global automotive alloys market is segmented as: Steel, Aluminium, Magnesiumand others. On the basis of application, the global automotive alloys market is segmented as:Structural, Powertrain, Exterior and others. On the basis of type of vehicle, the global automotive alloys market segmented as:Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)and Passenger Car. Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-2665 Global Automotive Alloys Market: Regional Outlook Automotive Alloys Market ©2015 Future Market Insights, All Rights Reserved 6
  7. 7. Asia-Pacific is estimated to be the largest market for automotive alloys due to stable economic growth, increasing vehicle production, rapid urbanization and the growing demand for light weighted vehicles over the forecast period. The countries contributing largely to the growth of the Asia-Pacific automotive alloys market are China, India, South Korea, Indonesia, and Thailand. In countries such as China and India, a large population base has contributed to the increase in automobiles sales. Japan, Latin America and Middle East & Africa are expected to grow at a steady rate over the forecast period. North America and Europe are matured markets for automotive alloys. Global Automotive Alloys: Market Participants Some of the market participants identified in the global automotive alloys market are: Constellium AMG Advanced Metallurgical Group N.V. KOBE STEEL, LTD Automotive Alloys Market ©2015 Future Market Insights, All Rights Reserved 7
  8. 8. Novelis, Inc. UACJ Corporation ArcelorMittal S.A. Nippon Steel & Sumitomo Metal Corporation Norsk Hydro ASA thyssenkrupp AG Alcoa Corporation Automotive Alloys Market ©2015 Future Market Insights, All Rights Reserved 8 Click here to Order a free sample
  9. 9. ©2015 Future Market Insights, All Rights Reserved Future Market Insights Global & Consulting Private Limited (FMI) Thank You To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com 9

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