Trends, opportunities and forecast for nickel in the global automotive market to 2025 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)
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 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 reach an estimated $27.2 billion by 2025 with a CAGR of 32% to 34% from 2020 to 2025. The major growth drivers for this market are increasing penetration of nickel in engines, and the growth of electric vehicle production.
Emerging trends, which have a direct impact on the dynamics for nickel in the global automotive market by industry, include development of nickel alloy foam and increased nickel content in electric vehicle batteries.
In this market, exhaust system is the largest application, whereas steel alloy is the largest by material. Growth in various segments of the nickel in the global automotive market are given below: Nickel in the Global Automotive Market by Segments
The study includes the market size for nickel in the global automotive market and forecast for nickel in the global automotive market through 2025, by application, vehicle type, material type and region as follows:
Nickel in the Global Automotive Market by Application ($ Million and kiloton from 2014 to 2025) • Exhaust System • Engine • Batteries • Others
Nickel in the Global Automotive Market by Material Form ($ Million and kiloton from 2014 to 2025) • Steel Alloy • Nickel Alloy • Nickel Cathode • Cast Iron Alloy
Nickel in the Global Automotive Market by Vehicle Type ($ Million and kiloton from 2014 to 2025) • Passenger Cars • Light Commercial Vehicles • Heavy Commercial Vehicles • Electric Vehicles
Nickel in the Global Automotive Market by Region ($ Million and kiloton from 2014 to 2025) • North America • US • Canada • Mexico • Europe • Germany • Russia • France • United Kingdom • Italy • Asia Pacific • China • Japan • India • South Korea • Indonesia • The Rest of the World • Brazil • Turkey Some of the nickel companies in the global automotive market profiled in this report include Vale, Nornickel, BHP Billiton, Jinchuan Group, Eramet and Sheritt and others.
On the basis of its comprehensive research, The analyst 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.
Some of the features of this report:
• Market size estimates: Nickel in the global automotive market size estimation in terms of value ($M) and volume (Kilotons) shipment. • Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by application, and end use industry. • Segmentation analysis: Nickel in the global automotive market size by various applications such as application, vehicle type, and material type in terms of value and volume shipment. • Regional analysis: Nickel in the global automotive market breakdown by North America, Europe, Asia Pacific, and the Rest of the World. • Growth opportunities: Analysis on growth opportunities in different applications and regions for nickel in the global automotive market. • Strategic analysis: This includes M&A, new product development, and competitive landscape for nickel in the global automotive market. • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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 for nickel in the global automotive market? Q.5. What are the business risks and competitive threats for nickel in the global automotive market? Q.6. What are the emerging trends for nickel in the global automotive market and the reasons behind them? Q.7. What are some of the changing demands of customers for nickel in the global automotive market? Q.8. What are the new developments for nickel in the global automotive market? Which companies are leading these developments? Q.9. Who are the major players for nickel in the global automotive market? What strategic initiatives are key players pursuing for business growth? Q.10. What are some of the competing products for nickel in the global automotive 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 for nickel in the global automotive industry?
Report Scope Key Features Description Base Year for Estimation 2019 Trend Period (Actual Estimates) 2014-2019 Forecast Period 2020-2025 Pages 225 Market Representation / Units Revenue in US $ Billion and Volume in Kiloton Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments 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)
Regional Scope North America (The United States, Canada, and Mexico), Europe (Germany, Russia, France, the uk, and Italy), Asia Pacific (China, Japan, India, South Korea, and Indonesia), and RoW (Brazil and Turkey) Customization 10% Customization Without any Additional Cost
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