Global Automotive Metal Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

"Global Automotive Metal Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global automotive metal market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive metal market report has been segmented on the basis of product type, vehicle type, application, and region.

Introduction: 

Automotive metal is materials used for the production of automotive components of vehicles. Metals are used in the manufacturing of auto components namely roof, chassis, panels, radiator, engine, brakes, etc., Lightweight steel, magnesium, and aluminum are widely used metals in the automotive industry.

Market Dynamics:

Growing production of automobiles coupled with the availability of abundant raw materials is expected to drive revenue growth of the automotive metal market over the forecast period. Rising production automobiles in developing economies such as China, India, Brazil, Indonesia, and Japan is expected to be other factors driving revenue growth of target market.

However, increasing demand for lightweight automobiles with better fuel efficiency is expected to restrain revenue growth of the market over the forecast period.

Product Type Insights:

On the basis of product type, the steel segment is expected to hold a major revenue share in the global market. Cost-effectiveness and properties of steel grades is expected to drive revenue growth of this segment over the forecast period.

Application Insights:

On the basis of application, the body structure segment is expected to hold major revenue share in the global automotive metal market. High strength, ease of maintenance, and high recyclability properties of metals as compared to plastics and composites for body structure are expected to support revenue growth of this segment over the forecast period.

Vehicle Type Insights:

On the basis of vehicle type, the passenger cars segment is expected to account major share in the global automotive metal market and is expected to maintain its dominance for the next few years. Rising demand for passenger vehicles in developing countries such as India, China, Brazil, and Indonesia is expected to drive revenue growth of this segment over the forecast period.

Regional Insights:

Asia Pacific automotive metal market is estimated to account for major revenue share in the global target market and is expected to maintain its dominance over the forecast period.  The growth of the automotive metal market in the region is attributed to the increasing production of automobiles in countries such as India, China, Japan, and Indonesia owing to rising population, changing living standards, and increasing disposable income. Moreover, the presence of a large number of automobile manufacturers in the region is expected to drive revenue growth of Asia Pacific automotive metal market over the forecast period. The Asia Pacific accounts for the major revenue share contribution of the global automotive metal market, followed by markets in Europe, North America, Latin America, and the Middle East & Africa respectively.

Market segmentation and key players operating in the global automotive metal market:

By product type:

• Aluminum
• Steel
• Magnesium
• Others

By application:

• Body structure
• Power train
• Suspension
• Others

By vehicle type:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa