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Stock impact report

Automotive Alloys Global Market Report 2024 - Market is Forecast to Record a CAGR of 6.7% between 2024 and 2030, Reaching a Projected US$207.6 Billion by 2030 [Yahoo! Finance]

AGCO Corporation (AGCO) 
Last agco corporation earnings: 2/6 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.agcocorp.com
Company Research Source: Yahoo! Finance
The automotive industry's target of achieving efficiency and sustainability has been accomplished to quite a large extent with the use of Automotive Alloys, the market for which will maintain healthy growth over the analysis period. Worldwide, the market for Automotive Alloys is expected to record a CAGR of 6.7% between 2024 and 2030 in reaching a projected US$207.6 billion by 2030 from an estimated US$140.7 billion in 2024. The most significant trend driving demand for Automotive Alloys is light-weighting of vehicles with the aim of enhancing fuel efficiency and minimizing carbon emissions. Also, owing to depletion of fossil fuel resources, the proliferation of electric and hybrid vehicles has been an important development, in which the use of Automotive Alloys is paramount for reducing weight, so that battery range and performance are maximized. Stringent safety mandates have necessitated the use of high-strength Automotive Alloys that have undergone various tests of crashworthin Show less Read more
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