The global automotive metal market was valued at USD billion in 2018 and registering a CAGR of % during the forecast period, 2019–2026, according.

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Presentation transcript:

The global automotive metal market was valued at USD billion in 2018 and registering a CAGR of % during the forecast period, 2019–2026, according to a new Straits Research study.

Growing disposable income, improving standard of living, and infrastructure development are among the leading factors accelerating the demand for automotive vehicles. The automotive metal market is expected to grow in tandem with this growth in the automotive vehicle market. The automotive metal market has been witnessing significant developments in terms of materials as well as technologies used in the manufacturing of vehicle components. Stringent fuel efficiency regulations have facilitated the development of lightweight & cost-effective materials for the automotive sector. Moreover, new technologies including 3D printing are being utilized for the manufacturing of large metal parts.

The Automotive Metal market report is the most important research for who looks for complete information on the global trends for the Automotive Metal market. This report covers all information on the Global as well as regional markets including old and future trends for market demand, supply, size, competitors, prices and Global predominant vendors' information. the report also provides a complete overview of Automotive Metal markets; including key players, types, manufacturing segment, cost, fluid market shares, and market dynamics in 2019.

North America is expected to witness considerable growth in the automotive metal market during the assessment period (2019–2026) with countries across the region taking initiatives to increase the production of fuel-efficient vehicles in order to reduce carbon dioxide emission. Additionally, the region is home to a majority of automotive manufacturers such as Ford Motor Company, Fiat, Toyota, Volkswagen Group and others. Some of the prominent players operating in the automotive metal market are ArcelorMittal SA, Voestalpine Steel Division, Magna International Inc., Alcoa Corporation, Hyundai Mobis, Schaeffler AG, Benteler International, Gestamp, Dana Limited, and GKN plc.