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.
Browse 141 market data tables and 170 figures spread through 225 pages and in-depth TOC on “Nickel in the Global Automotive Market”
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In this market, different types of nickel in automotive such as exhaust systems, engines, and batteries are used as application. 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.
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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.
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Emerging trends, which have a direct impact on the dynamics for nickel in the global automotive market by industry, include development of nickel alloy foam and increased nickel content in electric vehicle batteries. Vale, Nornickel, BHP Billiton, Jinchuan Group, Eramet and Sheritt and others are among the major nickel in automotive manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the nickel in the global automotive market by application, vehicle type, material type, and region and has come up with 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 a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the 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):
By Material Form ($ Million and kiloton from 2012 to 2023):
By Vehicle Type ($ Million and kiloton from 2012 to 2023):
By Region [$M shipment analysis for 2012 – 2023]:
– United States
– Canada
– Mexico
– Germany
– France
– Russia
– Italy
– Turkey
– China
– India
– Japan
– South Korea
– Indonesia
– Brazil
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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 click on this link https://www.lucintel.com/nickel-in-the-global-automotive-market.aspx or [email protected].
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 following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the nickel in the global automotive market to 2023 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 by 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 regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some 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 being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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