According to a new market report published by Lucintel, the future of titanium in the automotive market looks promising with opportunities in the luxury cars and sport cars segments. The titanium in the automotive market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 1% to 3% from 2020 to 2025. 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 Automotive Market"

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Exhaust system, connecting rods, turbocharger and valve, suspension spring, brake calipers, valve springs, and retainers are the major application segments in which titanium material is used. 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.

Within this market, sports car will remain the largest segment and is also expected to witness the highest growth over the forecast period due to increasing high performance vehicle production.

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. North America is expected to witness significant growth over the forecast period because of growing sports and luxury cars production and increasing utilization of titanium in high-performance vehicle designs.

Emerging trends, which have a direct impact on the dynamics of the 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 the major titanium suppliers in the automotive market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for titanium in the automotive market by application, vehicle type and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Titanium in the Automotive Market 2020-2025: 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 titanium in the automotive market by application, vehicle type and region as follows:

By Application [$ Million and (million pound) from 2014 to 2025]

Exhaust System Connecting Rod Turbocharger ValveOthers
By Vehicle Type [$ Million and (million pound) from 2014 to 2025]

Luxury CarsSports Cars Others
By Region [$ Million and (million pounds) from 2014 to 2025]

North AmericaEuropeAsia PacificThe Rest of the World
This 135-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/titanium-in-automotive-market.aspx or [email protected].

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