Global Automotive Metal Market Overview:
Automotive metals are metals in manufacturing automotive bodies or vehicle parts, such as steel, aluminum, and others. Chassis, body, and drivetrain components include bumpers, engine oil systems, doors, body panels, exhaust systems, suspensions & steering systems, fuel supply systems, wheels, transmission systems, and tire parts are some automotive parts where metals are used in manufacturing. Automotive metal components are made through cutting, bending, and drawing. Various types of presses and dies are also used in manufacturing automotive components. Increasing demand for vehicles, owing to population growth, improving the standard of living, and increasing disposable income is expected to accelerate vehicle production. Additionally, technological advancements and their rapid adoption in the automotive industry are expected to further fuel the growth of the automotive metal market during the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing demand for personal vehicles
Market Growth Drivers:
Increasing adoption of Advanced Driver-Assistance Systems and Rising use of lightweight materials
Challenges:
Material Cost volatility
Restraints:
Competition with alternative products
Opportunities:
Rising demand for electric vehicles and Advancements in metal technology
Competitive Landscape:
The key players are focusing on product innovation, developing new flavors, and formulations that cater to evolving consumer preferences. They are also expanding their distribution channels to supermarkets, convenience stores, and online platforms, ensuring that their products are accessible to a wide customer base. Additionally, major companies are investing in effective marketing and branding campaigns, emphasizing the taste, nutritional benefits, and quality of their products.
Some of the key players profiled in the report are ArcelorMittal (United States), China Baowu Group (China), HBIS Group (China), NSSMC Group (South Korea), POSCO (Japan), Shagang Group (Japan), Ansteel Group (China), JFE Steel Corporation (United Kingdom), Shougang Group (Chiona) and Tata Steel Group (India). Additionally, following companies can also be profiled that are part of our coverage like Shandong Steel Group (China), Nucor Corporation (United States), Hyundai Steel Company (South korea), Maanshan Steel (China) and Thyssenkrupp (germany). Analyst at AMA Research see Global Vendors to retain maximum share of Global Automotive Metal market by 2030. Considering Market by End User, the sub-segment i.e. Passenger Cars will boost the Automotive Metal market.
Latest Market Insights:
In October 2023, SSAB has entered an agreement with Spain-based Gestamp, a global tier-one automotive supplier of lightweight and safety components, to deliver fossil-free steel for body-in-white and chassis system products. Gestamp is a multinational company specialized in the design, development and manufacture of highly engineered metal components for the main vehicle manufacturers. It develops products with an innovative design to produce lighter and safer vehicles, which offer lower energy consumption and a lower environmental impact.
In April 2024, Mahindra Last Mile Mobility Limited (MLMML), India's No.1* electric 3-wheeler company, proudly unveils its latest e-auto, the Treo Plus with a metal body. Listening to customer feedback, MLMML has incorporated a metal body to its highly popular product, the Treo Plus.
What Can be Explored with the Automotive Metal Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Metal Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Metal
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Metal market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Metal market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufactuing Companies, Potential Investors, Research & Development, Government & Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.