Market Overview:
The global aluminum automotive parts market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight vehicles and rising awareness about fuel efficiency among consumers. Aluminum automotive parts are used in various applications such as interior systems, engine & powertrain, front-/rear-end, steering, and other components. Passenger cars are the largest segment of the aluminum automotive parts market by application. Asia Pacific is expected to be the fastest growing region during the forecast period owing to rising demand for automobiles in countries such as China and India.
Product Definition:
Aluminum automotive parts are components that are made from aluminum alloys and are used in automobiles. These parts can include engine blocks, cylinder heads, transmission cases, and other structural components. Aluminum automotive parts have several advantages over traditional steel parts. They are lighter in weight, which can improve fuel economy, and they also dissipate heat better than steel parts, which can help to reduce engine wear. Additionally, aluminum is corrosion-resistant so it does not rust like steel does.
Interior Systems:
Interior systems are majorly used in the automotive industry. The growth factor for interior systems is aluminum. Interior components such as seats, headliners, consoles, and door panels are made of aluminum alloys or composite materials that help in weight reduction of vehicles.
Engine & Powertrain:
Engine & powertrain are the major raw materials used in aluminum automotive parts manufacturing. The engine is a crucial component of an automobile and its failure can cause severe damage to the vehicle. Thus, it is necessary to use good quality components for engines that can last long and perform efficiently.
The demand for lightweight components has increased owing to stringent government regulations about carbon emissions from vehicles coupled with increasing fuel prices.
Application Insights:
The passenger cars segment dominated the global aluminum automotive parts market in 2017, accounting for over 60.0% share of the overall revenue. The growth of this segment is attributed to increasing production volumes and demand from low-cost producers such as China, India and Brazil. Furthermore, stringent regulations on reduction in weight of vehicles are expected to boost product demand in near future.
Commercial vehicle applications include trucks/lorries, buses/coaches and other commercial vehicles including tankers/railway cars among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of total volume in 2017 owing to high demand from developing countries such as India, China, and Indonesia. Moreover, rising disposable income coupled with increasing vehicle production is anticipated to drive regional growth over the coming years.
Europe was estimated at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 due primarily on growing automotive industry across several European countries including Germany, France Italy Spain Russia U-K., And Other Eastern & Central European Countries). In addition, stringent regulations by various regulatory bodies such as E-Carbon rules by EU are also likely boost regional product demand over the next eight years time frame.
The North American aluminum automotive parts market was valued at USD X million in 2017 owing both volumes (UAW).
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in automobiles is expected to drive the demand for aluminum automotive parts over the forecast period. Aluminum is a preferred material for automotive parts as it is lighter than steel, which helps in reducing the overall weight of the vehicle. This, in turn, improves fuel efficiency and reduces emissions.
- Rising popularity of electric vehicles: The increasing popularity of electric vehicles is another major growth driver for the aluminum automotive parts market. Electric vehicles are powered by batteries that contain large quantities of aluminum cells. Thus, rising sales of electric vehicles are expected to boost demand for aluminum automotive parts in the coming years.
- Growing focus on vehicle safety: Vehicle safety has become a key concern among consumers across all regions worldwide due to increasing road accidents and fatalities rates every year .This has led automakers to focus on incorporating advanced safety features in their cars such as airbags, seatbelts, anti-lock braking systems (ABS), etc., which require components made from high-quality materials such as aluminum .Thus, growing consumer awareness about vehicle safety is anticipated to spur demand for aluminum automotive parts during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum Automotive Parts Market Research Report
By Type
Interior Systems, Engine & Powertrain, Front-/Rear-End, Steering, Other
By Application
Passenger Cars, Commercial Vehicle
By Companies
Bosch, Continental, Denso, ZF, Honeywell International, Mitsubishi Electric, Magna International, Aisin Seiki, Weichai Power, Valeo Group, Cummins, Inc., Toyota, Schaeffler, JTEKT, Tenneco, Hitachi, HELLA, TVS, Hyundai, NOK, Guangxi Yuchai Machinery Group, Linamar, CIE Automotive, Futaba Industrial, GAC Component, KYB, United Automotive Electronic Systems, Rheinmetall Automotive, Keihin, SeAH Besteel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum Automotive Parts Market Report Segments:
The global Aluminum Automotive Parts market is segmented on the basis of:
Types
Interior Systems, Engine & Powertrain, Front-/Rear-End, Steering, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Continental
- Denso
- ZF
- Honeywell International
- Mitsubishi Electric
- Magna International
- Aisin Seiki
- Weichai Power
- Valeo Group
- Cummins, Inc.
- Toyota
- Schaeffler
- JTEKT
- Tenneco
- Hitachi
- HELLA
- TVS
- Hyundai
- NOK
- Guangxi Yuchai Machinery Group
- Linamar
- CIE Automotive
- Futaba Industrial
- GAC Component
- KYB
- United Automotive Electronic Systems
- Rheinmetall Automotive
- Keihin
- SeAH Besteel
Highlights of The Aluminum Automotive Parts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Interior Systems
- Engine & Powertrain
- Front-/Rear-End
- Steering
- Other
- By Application:
- Passenger Cars
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aluminum Automotive Parts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aluminum automotive parts are components that are made from aluminum and can be found in cars, trucks, motorcycles, boats and airplanes. Aluminum is a lightweight metal that is strong yet flexible. It is also corrosion resistant so it can last longer than other metals.
Some of the major companies in the aluminum automotive parts market are Bosch, Continental, Denso, ZF, Honeywell International, Mitsubishi Electric, Magna International, Aisin Seiki, Weichai Power, Valeo Group, Cummins, Inc., Toyota, Schaeffler, JTEKT, Tenneco, Hitachi, HELLA, TVS, Hyundai, NOK, Guangxi Yuchai Machinery Group, Linamar, CIE Automotive, Futaba Industrial, GAC Component, KYB, United Automotive Electronic Systems, Rheinmetall Automotive, Keihin, SeAH Besteel.
The aluminum automotive parts market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aluminum Automotive Parts Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aluminum Automotive Parts Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aluminum Automotive Parts Market - Supply Chain
4.5. Global Aluminum Automotive Parts Market Forecast
4.5.1. Aluminum Automotive Parts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aluminum Automotive Parts Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aluminum Automotive Parts Market Absolute $ Opportunity
5. Global Aluminum Automotive Parts Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aluminum Automotive Parts Market Size and Volume Forecast by Type
5.3.1. Interior Systems
5.3.2. Engine & Powertrain
5.3.3. Front-/Rear-End
5.3.4. Steering
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aluminum Automotive Parts Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aluminum Automotive Parts Market Size and Volume Forecast by Application
6.3.1. Passenger Cars
6.3.2. Commercial Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aluminum Automotive Parts Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aluminum Automotive Parts Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aluminum Automotive Parts Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aluminum Automotive Parts Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aluminum Automotive Parts Demand Share Forecast, 2019-2026
9. North America Aluminum Automotive Parts Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aluminum Automotive Parts Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aluminum Automotive Parts Market Size and Volume Forecast by Application
9.4.1. Passenger Cars
9.4.2. Commercial Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aluminum Automotive Parts Market Size and Volume Forecast by Type
9.7.1. Interior Systems
9.7.2. Engine & Powertrain
9.7.3. Front-/Rear-End
9.7.4. Steering
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aluminum Automotive Parts Demand Share Forecast, 2019-2026
10. Latin America Aluminum Automotive Parts Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aluminum Automotive Parts Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aluminum Automotive Parts Market Size and Volume Forecast by Application
10.4.1. Passenger Cars
10.4.2. Commercial Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aluminum Automotive Parts Market Size and Volume Forecast by Type
10.7.1. Interior Systems
10.7.2. Engine & Powertrain
10.7.3. Front-/Rear-End
10.7.4. Steering
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aluminum Automotive Parts Demand Share Forecast, 2019-2026
11. Europe Aluminum Automotive Parts Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aluminum Automotive Parts Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aluminum Automotive Parts Market Size and Volume Forecast by Application
11.4.1. Passenger Cars
11.4.2. Commercial Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aluminum Automotive Parts Market Size and Volume Forecast by Type
11.7.1. Interior Systems
11.7.2. Engine & Powertrain
11.7.3. Front-/Rear-End
11.7.4. Steering
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aluminum Automotive Parts Demand Share, 2019-2026
12. Asia Pacific Aluminum Automotive Parts Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aluminum Automotive Parts Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aluminum Automotive Parts Market Size and Volume Forecast by Application
12.4.1. Passenger Cars
12.4.2. Commercial Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aluminum Automotive Parts Market Size and Volume Forecast by Type
12.7.1. Interior Systems
12.7.2. Engine & Powertrain
12.7.3. Front-/Rear-End
12.7.4. Steering
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aluminum Automotive Parts Demand Share, 2019-2026
13. Middle East & Africa Aluminum Automotive Parts Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aluminum Automotive Parts Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aluminum Automotive Parts Market Size and Volume Forecast by Application
13.4.1. Passenger Cars
13.4.2. Commercial Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aluminum Automotive Parts Market Size and Volume Forecast by Type
13.7.1. Interior Systems
13.7.2. Engine & Powertrain
13.7.3. Front-/Rear-End
13.7.4. Steering
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aluminum Automotive Parts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aluminum Automotive Parts Market: Market Share Analysis
14.2. Aluminum Automotive Parts Distributors and Customers
14.3. Aluminum Automotive Parts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bosch
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Continental
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Denso
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ZF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Honeywell International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Magna International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aisin Seiki
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Weichai Power
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Valeo Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Cummins, Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Toyota
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Schaeffler
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. JTEKT
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tenneco
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hitachi
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. HELLA
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. TVS
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Hyundai
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. NOK
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
