According to a new market report published by
Lucintel, the future of nickel in the global automotive market looks promising
with opportunities for passenger cars and commercial and electric vehicles. Nickel
in the global automotive market is expected to reach an estimated $13.4 billion
by 2023 with a CAGR of 24.5% from 2018 to 2023. The major growth drivers for
this market are increasing penetration of nickel in engines, and the growth of
electric vehicle production.
In this market, nickel is used in various
automotive applications, such as exhaust systems, turbocharger wheels,
crankshafts, engine EGR valves, and batteries. On the basis of its
comprehensive research, Lucintel forecasts that nickel for batteries is expected
to become the largest application and witness the highest growth over the
forecast period due to the increasing demand for nickel cathode batteries for
electric vehicles.
Within this
market, electric vehicles is expected to emerge as the largest segment and witness
the highest growth over the forecast period due to increased electric vehicle
production utilizing nickel content in nickel cobalt aluminum oxide (NCA) and
nickel manganese cobalt oxide (NMC) batteries.
Asia Pacific is expected to remain the largest
region and witness highest growth over the forecast period due to the growing electric
vehicle production and increasing utilization of nickel in high-performance vehicle.
Emerging trends, which have a direct impact on
the dynamics of the industry, include development of nickel alloy foam and
increased nickel content in electric vehicle batteries. Vale, Nornickel, BHP
Billiton, Jinchuan Group, Eramet and Sheritt are the major nickel suppliers in
the global automotive market.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities for nickel
in the global automotive market by application, vehicle type, material type and
region. Lucintel has compiled a comprehensive research report entitled “Growth
Opportunities for Nickel in the Global Automotive Market 2018-2023: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as a
catalyst for growth strategy, as it provides comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for nickel
in the global automotive market by application, vehicle type, material type and
region as follows:
By Application ($ Million and kiloton from
2012 to 2023):
- Exhaust System
- Engine
- Batteries
- Others
By Material Form ($ Million and kiloton from
2012 to 2023):
- Steel Alloy
- Nickel Alloy
- Nickel Cathode
- Cast Iron Alloy
By Vehicle Type ($ Million and kiloton from
2012 to 2023):
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Electric Vehicles
By Region ($ Million and kiloton from 2012 to 2023):
- North America
o
US
o
Canada
o
Mexico
- Europe
o
Germany
o
Russia
o
France
o
United Kingdom
o
Italy
o
Turkey
- Asia Pacific
o
China
o
Japan
o
India
o
South Korea
o
Indonesia
- The Rest of the World
o
Brazil
This
225-page 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 email us at helpdesk@lucintel.com. Lucintel offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers the following 11 key questions:
Q.1. What are some of the most promising,
high-growth opportunities for nickel
in the global automotive market by application (exhaust systems, engines, and
batteries), by vehicle type (passenger cars, light commercial vehicles, heavy
commercial vehicles, and electric vehicles), by alloy type (steel alloy, nickel
alloy, nickel cathode, and cast iron alloy) and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which
region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the
key challenges and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the market? Which companies are
leading these developments?
Q.9. Who are the major players in this market? What strategic
initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big
of a threat do they pose for loss of market share by material or product
substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has
its impact been on the industry?
No comments:
Post a Comment