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Alloy Market for Automotive by Alloy Type, Area of Application, Vehicle Type, & by Region - Global Forecast to 2021

Alloy Market: Global Forecast until 2021

  • May 2016
  • 145 pages
  • ID: 3846403
In this report:
The market here is dominated by the U.S., which accounts for over ##% of the global automotive production and is also the largest market for automotive alloys, with an estimated share of ~##.##% of the global market for automotive alloys in 2015.
For instance, the company curtailed its production of aluminum alloys capacity by ##,## metric tonnes in 2014 and also sold its ##% equity interest in Nanjing Yunhai KB Alloys Co., Ltd (China).

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The automotive alloys market is estimated to rise at a compound annual growth rate of ~7.7 percent from 2016 to 2021 to attain the market size of ~$177.5B by 2021. Top factors driving the increase of this market contain increasing population, quick urbanization, growing demand for automobiles, and regulations regarding fuel efficiency and emissions.

"Steel controls the automotive alloy market"

The sector for steel alloys used in manufacturing automobiles is expected to acquire the maximum market share during the estimate period. This rise can be primarily attributed to the main proportion of steel alloys used in the manufacturing of a vehicle, especially in emerging nations including China and India (IN). This forecast is projected to continue during the outlook period. These factors make automotive steel alloys the biggest market in the overall automotive alloys market.

"Oceania/Asia: Largest increasing market for automotive alloys"

The Asia-Oceania area is forecasted to dominate the automotive alloy market and is estimated to acquire the maximum market share during projection period. This increase can be accredited to the progress in the socio-economic conditions by the emerging economies including China, India (IN), Indonesia (ID), and Thailand (TH). Big population in countries including China (CN) and India (IN) have contributed to the growth in the number of sales of automobiles in this area.

The market research includes industry insights specified by different market experts, ranging from alloy manufacturers to Tier-1 firms and Original equipment manufacturers. The break-up of the primaries is like:

- By Company category - OEM 10.0 percent, Tier-1 - 60 %, Tier-2 - 30.0 percent

- By Description - C-suite - 20.0 percent, D-level - 60.0 percent, and Others - 20.0 percent

- By area - North america (NA) - 25.0 percent, Europe - 20.0 percent, Asia-Oceania - 40.0 percent, and rest of the world - 15.0 percent

The automotive alloy market is leaded by, is monopolized by a few globally established actors, including ArcelorMittal SA, Alcoa Inc., Novelis Inc., UACJ Corporation, Norsk Hydro ASA, ThyssenKrupp AG, and Kobe Steel, Limited, among others. Key increase strategies approved by these actors contain business developments and new product improvement.

Why Purchasing This Study Can Help You:

This industry report includes several levels of analysis, including industry review (sector trends, Porter's Five Forces, and SWOT study), supply chain research, and company descriptions, which together comprise and examine the basic overviews on the emerging and high-growth segments of the automotive alloy market, opposing landscape, high-growth areas and territories, government actions, and market dynamics including drivers, market restraints, alternatives, and opportunities.

The industry report allows new sector entrants/smaller companies to comprehend the industry better to help them to acquire a larger market share. Companies obtaining the study could use any one or an aggregation of the below-mentioned four strategies (sector development, product improvement/innovative projects, business diversification, and opposing assessment) to enhance their rank in the sector.

The analysis offers business insights with reference to the following points:

- Industry development: Highlighted information about profitable emerging sectors. The market research examines the industries for automotive alloys across localities

- Product improvement/Innovative products: In-depth understanding into Research&development activities, up-on-coming technologies, and recent product launches in the overall automotive alloys market

- Industry diversification: Exhaustive information about untapped sectors, market investments, recent products, and recent evolutions in the overall automotive alloys market

- Opposing assessment: Detailed assessment of strategies, products, and manufacturing competences of key players in the overall automotive alloys market

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