Alloy Market for Automotive worth 177.47 Billion USD by 2021 - PowerPoint PPT Presentation

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Alloy Market for Automotive worth 177.47 Billion USD by 2021

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The report "Alloy Market for Automotive by Alloy Type (Steel, Aluminum, Magnesium, and Others), by Area of Application (Structural, Powertrain, Exterior and Others), by Vehicle Type (Passenger Car, LCV and HCV) & by Region - Global Forecast to 2021", The global automotive alloy market is projected to grow at a CAGR of 7.69% from 2016 to 2021, to reach a market size of USD 177.47 Billion by 2021. The major factors behind the growth of the global automotive alloy market are growing vehicle production, increasingly stringent regulations governing fuel efficiency and emissions and the rising weight of the vehicles. – PowerPoint PPT presentation

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Title: Alloy Market for Automotive worth 177.47 Billion USD by 2021


1
Alloy Market for Automotive by Alloy Type
(Steel, Aluminum, Magnesium, and Others), by Area
of Application (Structural, Powertrain, Exterior
and Others), by Vehicle Type (Passenger Car, LCV
and HCV) by Region Global Forecast to 2021.
www.MarketsandMarkets.com
2
The global automotive alloy market is projected
to grow at a CAGR of 7.69 from 2016 to 2021, to
reach a market size of USD 177.47 Billion by
2021. The major factors behind the growth of the
global automotive alloy market are growing
vehicle production, increasingly stringent
regulations governing fuel efficiency and
emissions and the rising weight of the
vehicles. Download our free PDF Brochure and
gain crucial industry insights that will help
your business grow https//www.marketsandmarkets.
com/pdfdownloadNew.asp?id21156813

3
Adoption of lightweight alloys has increased in
the LCV segment due to demand for efficiency As
of 2015, steel is widely used in the manufacture
of LCVs. However, Ford Motor Company (U.S.) used
6000 series aluminium alloy for its highest
selling pick-up truck, F-150, in 2015, to reduce
the overall weight of the vehicle by about 700
lbs. It is estimated that, almost seven out of
ten pick-up trucks will feature an aluminium body
in the North American region by 2025. North
America is a major market for LCVs and the
increasing adoption of aluminium owing to
regulatory requirements pertaining to weight
reduction are estimated to drive the overall
market.
4
Browse gtgt 77 market data
tables 59 figures
145 pages and in-depth TOC on Alloy Market for
Automotive - Global Forecast to
2021 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
5
Asia-Oceania Dominant Market for Automotive
Alloys Asia-Oceania is estimated to dominate the
automotive alloys market, in terms of value, in
2016. It is followed by North America, Europe,
and the Rest of the World (RoW). China, Japan,
and India are key markets for automotive alloys,
and contribute significantly to the Asia-Oceania
market. North America is estimated to constitute
the second-largest automotive alloys market, in
terms of volume, in 2016. The European market is
dominated by the use of steel, but the adoption
of aluminium alloys is slowly increasing owing to
the lesser weight of aluminium alloys.
6
   Aluminium Alloys High Growth Estimated Owing
to Increasing Demand for Lightweight
Vehicles Share of aluminium alloys in automobiles
is estimated to increase since automobile
manufacturers are developing lightweight vehicles
with aluminium alloys. Reduction in the vehicles
weight enables OEMs to reduce emissions, improve
fuel efficiency and driving dynamics for the end
users. A 10 reduction in weight leads to an
increase in efficiency by almost 6 to 8. The
changing regulatory requirements and rising
demand for fuel efficient vehicles is estimated
to drive the growth of aluminium alloys in
automobiles. Request for sample https//www.mar
ketsandmarkets.com/requestsampleNew.asp?id2115681
3
7
Alloy Market for Automotive Key Players The
report covers all the major players in the global
automotive alloy market that includes companies
such as ArcelorMittal S.A. (Luxembourg), Novelis
Inc. (U.S.), Alcoa Inc. (U.S.), and Thyssenkrupp
AG (Germany) among others.
8
Contact Mr. Shelly Singh MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.com
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