The global automotive
stainless steel tube market is projected to reach USD 4.72 million
by 2024, according to a new report by Grand View Research, Inc. Growing
automotive industry is projected to be the biggest driver of this market over
the forecast period.
The market is segmented on the basis of product into welded
and seamless. Advantages such as high strength, resistance to shocks due to
collisions and high energy absorption capacity have increased the popularity of
stainless steel tube in automotive applications.
Welded stainless steel tube was widely used in the
automotive industry in 2015. These are readily available in the market and are
less expensive than the seamless tube, making them popular among automobile
manufacturers. Asia Pacific is projected to be the fastest-growing region over
the forecast period.
In the automotive sector, where steel tubes are exposed to
extreme temperatures and pressures, seamless products play an important role
courtesy their high corrosion and heat resistant properties. These find
applications in important automobile components such as fuel supply systems and
gearboxes.
Browse full research report on Automotive Stainless Steel
Tube Market: http://www.grandviewresearch.com/industry-analysis/automotive-stainless-steel-tube-market
Further key findings from the report suggest
- Welded
stainless steel tube is projected to witness an increase in demand due to
their low price and high reliability and are expected to grow at a CAGR of
3.6% from 2016 to 2024
- The
market was dominated by Asia Pacific in 2015 and is projected to witness the
highest CAGR of 4.4% from 2016 to 2024 owing to presence of major
automobile manufacturers such as Honda, Hyundai, Tata Motors, and Toyota
Motors in the region
- Europe
accounted for a revenue share of over 20% in 2015 and is expected to
witness considerable growth on account of growing vehicle demand in
Germany, Italy, and UK
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the automotive stainless
steel tube market on the basis of product and region:
Product Outlook (Volume, Tons; Revenue, USD Thousand,
2013 - 2024)
- Welded
Automotive Stainless Steel Tube
- Seamless
Automotive Stainless Steel Tube
Regional Outlook (Volume, Tons; Revenue, USD Thousand,
2013 - 2024)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Central
& South America
- Brazil
- MEA
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-automotive-stainless-steel-tube-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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