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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 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.
Emerging trends, which have a direct impact on the dynamics for 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.
A total of 95 figures / charts and 72 tables are provided in this 135 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this titanium in the global automotive market report, download the report brochure.
In this market, sports cars is the largest vehicle of titanium in the automotive market, whereas exhaust system is largest by application. Growth in varius segments of the titanium in the global automotive market are given below:
Titanium in the Automotive Market by Segments