Hitachi Metals, Ltd. (hereinafter, “Hitachi Metals”) will increase production capacity in Japan and China to accommodate the rising demand in stainless steel for piston rings used in automobile engines. Piston rings are set to meet the future demand for internal combustion engines. By enhancing the supply of stainless steel for these rings, we will strive for the international growth of our automobile parts field, which we consider to be one of our growth drivers in our specialty steel business.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
With an all-round approach for data accumulation, the market scenarios comprise major players, cost and pricing operating in the specific geography/is. Statistical surveying used are SWOT analysis, PESTLE analysis, predictive analysis, and real-time analytics. Graphs are clearly used to support the data format for clear understanding of facts and figures.