According to a market report by Lucintel, the future of the global automotive metal market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets. The global automotive metal market is expected to reach an estimated $119.1 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing demand for lighweight vehicles in worldwide and expanding preference for e-vehicles.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in automotive metal market to 2030 by product (aluminum, steel, magnesium, and others), application (body structure, power train, suspension, and others), end use (passenger cars, light commercial vehicles, and heavy commercial vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that steel is expected to witness the highest growth over the forecast period due to its quality like high recycling efficiency and ultra-high strength.
Within this market, passenger car is expected to witness the highest growth over the forecast period.
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APAC is expected to witness highest growth over the forecast period due to rising population demand for passenger and commercial vehicles, ongoing development of new designs vehicles, and presence of major manufacturers in the region.
Allegheny Technologies, ArcelorMittal, JSW Steel, Nippon Steel, Novelis, Nucor, and POSCO are the major suppliers in the automotive metal market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cast visit Lucintel’sAnalytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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