ALLOY MARKET FOR AUTOMOTIVE ANALYSIS
Regional Analysis of Alloy market for Automotive
On the basis of geography, the global alloy market for automotive is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa Asia Pacific is expected to be the largest alloy market for automotive, over the forecast period. This is owing to increasing demand for automobiles among consumers, which has led to high growth of the automotive industry. This in turn is expected to aid in growth of the market. For instance, according to report by, India Brand Equity Foundation (IBEF), the Indian automotive industry (including component manufacturing) is expected to reach US$ 251.4-282.8 billion by 2026. North America and Europe markets have been witnessing high growth in the alloy market for automotive in the recent past. This is due to increasing production and sales of automobiles in the region in North America. For instance, according to report by World Trade Organization (WTO), in year 2017 the sales of automobiles increased by 50% in Canada from 2015.
Geographies Covered
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