DALLAS, Oct. 15, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of titanium in the global automotive market looks promising with opportunities in the luxury cars and sport cars segments. The titanium in the global automotive market is expected to grow at a CAGR of 3.3% from 2018 to 2023. The major growth drivers for this market are increasing demand for titanium in sports and luxury cars, rapid technological advancement, and growth in the high-performance vehicle production.
Browse 72 market data tables and 95 figures spread through 135 pages and in-depth TOC on “Titanium in the Global Automotive Market" at https://www.lucintel.com/titanium-in-automotive-market.aspx
In this market, exhaust system, connecting rod, turbocharger, valve are used for titanium in the global automotive manufacturing for application. On the basis of its comprehensive research, Lucintel forecasts that the exhaust systems and connecting rods segment will show above average growth during the forecast period.
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Europe is expected to remain the largest region due to increasing use of titanium content per vehicle coupled with the high production of luxury and formula-1 race cars
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Emerging trends, which have a direct impact on the dynamics of titanium in the global automotive industry, include growing utilization of titanium in electric vehicle and increasing application of titanium in suspension spring and brake calipers. Tronox, Toho titanium, VSMPO AVISMA, Hermith, and Continental Steel & Tube are among the major suppliers of titanium in the global automotive.
Lucintel, a leading global market research firm has analyzed growth opportunities in the titanium in the global automotive market by application, vehicle type, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Titanium in the Global Automotive Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the titanium in the global automotive market by application, vehicle type, and region.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.
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