Automotive Aluminum Alloy (OE) Market: Scope And Opportunities Analysis 2018 - 2026
Transparency Market Research has published a new report titled, “Automotive Aluminum Alloy OE Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global automotive aluminum alloy OE market is anticipated to surpass US$ 46 Bn by 2026, expanding at a CAGR of more than 5% during the forecast period. Aluminum being light in weight is gradually replacing the steel content in automobiles. The usage of aluminum alloy reduces the load on the vehicle and hence, less power is required by the engine to drive the vehicle, which increases fuel-efficiency and reduces pollution. Rising consumer demand for fuel-efficient vehicles is estimated to drive the automotive aluminum alloy OE market. Increase in level of pollutants in the environment is compelling governments to enforce regulations leading to light weighting of vehicles and reduction of emissions. Europe has raised its average CO2 emission target of ...