© 2017 Global Market Insights, Inc. USA. All Rights Reserved Automotive Metal Market Demand, Supply, Growth & Forecast By 2017 – 2024 Automotive Metal Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

Global Market Scenario of Automotive Metal Market © 2017 Global Market Insights, Inc. USA. All Rights Reserved  Automotive Metal Market Size will experience steady growth owing to increasing vehicle demand across the globe.  Surge in passenger vehicle demand backed by increasing disposable income in developing economies primarily drive the demand for raw material used in automotive industry  Increasing vehicle demand has led increasing vehicle production which drives the demand for automotive metal market.  Significant use of metals in auto components such as chassis, engine, roof, panels, wheels, brake, radiator will increase automotive metal market share during forecast period.  Stringent government regulations for reducing vehicle emission has led to OEMs demanding light weight materials for their vehicle production.  Demand of light weight steel, aluminum & magnesium and technological advancements focused towards increasing material strength will support the industry growth.

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© 2017 Global Market Insights, Inc. USA. All Rights Reserved Product Analysis:- On the basis of product, automotive metal market is categorized in to steel, aluminum, magnesium. High usage of steel in automotive manufacturing owing to superior strength will drive the demand for steel during forecast period. According to World Steel Association, overall body weight of passenger car contains of % steel weight and average light truck or SUV contains 3000 pounds of metal. Increasing usage of magnesium alloys in vehicle interior parts will support the revenue generation from this segment. Aluminum will exhibit significant growth rate owing to its lightweight and high recyclability. manufacturers focusing on overall vehicle weight reduction are increasing using aluminum over other metals will drive the demand. Regional Trends:- Asia Pacific dominates overall automotive metal market owing to largest automobile production industry leading to high raw material demand. Countries contributing to the regional growth are China & India with highest demand and high growth rate. High passenger vehicle demand will increase raw material consumption during the forecast period.

© 2017 Global Market Insights, Inc. USA. All Rights Reserved Competitive Trends: Major manufacturing companies are Tata steels, Hyundai steel, Essar steel, Thyssenkrupp AG, Novalis, Posco, Voestalpine Group, Nippon steel & Sumitomo Metal corporation, United steel corporation, ArcellorMittal, UACJ Corporation, Kobe Steel, AMG Advanced Metallurgical Group, Constellium NV,Massey Ferguson Ltd. and Norsk Hydro among others. The companies focus on new product development to increase strength to weight ratio of metal. For instance, in November 2016, ArcellorMittal launched new generation of advanced high strength steels for automotive applications.

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