Market Overview:
The global automotive aluminum market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for lightweight vehicles and rising awareness about the benefits of using aluminum over other materials such as steel. Cast aluminum held a dominant share in the global automotive aluminum market in 2017 and is expected to maintain its lead throughout the forecast period. This can be attributed to its properties such as high strength-to-weight ratio, corrosion resistance, and formability that make it suitable for use in various applications including chassis, engine blocks, transmission cases, etc. Passenger cars are anticipated to account for a major share of the global automotive aluminum market during 2018-2030 owing to their growing popularity across regions worldwide.
Product Definition:
Aluminum is the most abundant metallic element in the earth's crust, but it is never found in nature as a pure metal. Instead, it is combined with other elements to form compounds such as aluminum oxide and aluminum sulfate.
Cast Aluminum:
Cast aluminum is the primary aluminum alloy used in automotive applications. It has a high melting point and low density, which makes it ideal for use in automobile components. The material is cast into molds during the manufacturing process of automobiles, thus the term “cast” comes to mind while referring to this type of aluminum.
The global increase in demand for passenger vehicles.
Rolled Aluminum:
Aluminum is the most commonly used metal in the automotive industry. It is lightweight and has a high strength-to-weight ratio. It also helps reduce overall vehicle weight, thereby improving fuel efficiency and reducing harmful emissions that contribute to global warming. These factors make it one of the most desirable materials for use in automobiles, which has been true since aluminum was first used over 100 years ago.
Application Insights:
The passenger car segment accounted for the largest revenue share of over 60% in 2017. The demand for aluminum in this application is expected to witness a growth rate of 4.1% from 2018 to 2030 owing to its ability to reduce fuel consumption and Emissions while driving, which will help achieve global emission standards set by governments across various countries.
Passenger cars are majorly sold in North America and Europe; however, rapid penetration of automotive brands from China, Japan and Korea has resulted in increasing sales across all regions including Asia Pacific and Middle East & Africa. This trend is projected to continue over the forecast period as these vehicles are considered affordable compared with other vehicle types within a similar price range thus attracting more customers globally thereby contributing towards market growth worldwide.
Regional Analysis:
Asia Pacific accounted for the largest market share of over 45% in 2017. The region is expected to witness significant growth on account of increasing automobile production and sales in countries, such as India, China, and Japan. In addition, rising disposable income levels coupled with a growing population will drive demand further.
The European region is anticipated to grow at the highest CAGR from 2018 to 2030 owing to stringent emission norms implemented by various regulatory bodies like EEA and EU that compel manufacturers in the region to develop lightweight vehicles using aluminum components as an alternative component for their counterparts made up of steel or other metals.
North America was valued at USD X billion in 2017 and is expected to witness steady growth over the forecast period owing its large presence of key automotive OEMs along with high vehicle manufacturing volumes across countries like Mexico.
Growth Factors:
- Increasing demand for lightweight vehicles to improve fuel efficiency is expected to drive the automotive aluminum market growth.
- Rising demand for aluminum in luxury and sports cars is also projected to propel the market growth over the forecast period.
- Growing popularity of electric and hybrid vehicles is anticipated to create new opportunities for automotive aluminum market players.
- Increasing penetration of aluminum in chassis, body-in-white, and powertrain components is likely to boost the demand for this metal in automobiles over the next few years.
- Technological advancements that enable higher strength-to-weight ratio of automotive aluminum are expected to favor its adoption across different vehicle segments over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Aluminum Market Research Report
By Type
Cast Aluminum, Rolled Aluminum, Extruded Aluminum
By Application
Passenger Car, LCV, HCV
By Companies
Novelis, Alcoa, Constellium, AMG Advanced Metallurgical Group, UACJ, Norsk Hydro, RIO Tinto, Aluminum Corporation of China Limited, Aleris, Autoneum Holding, Tenneco(Federal-Mogul), Dana, Elringklinger, Progress-Werk Oberkirch, Thermotec Automotive Products
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Aluminum Market Report Segments:
The global Automotive Aluminum market is segmented on the basis of:
Types
Cast Aluminum, Rolled Aluminum, Extruded Aluminum
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 Car, LCV, HCV
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:
- Novelis
- Alcoa
- Constellium
- AMG Advanced Metallurgical Group
- UACJ
- Norsk Hydro
- RIO Tinto
- Aluminum Corporation of China Limited
- Aleris
- Autoneum Holding
- Tenneco(Federal-Mogul)
- Dana
- Elringklinger
- Progress-Werk Oberkirch
- Thermotec Automotive Products
Highlights of The Automotive Aluminum 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:
- Cast Aluminum
- Rolled Aluminum
- Extruded Aluminum
- By Application:
- Passenger Car
- LCV
- HCV
- 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 Automotive Aluminum 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Automotive aluminum is a type of aluminum that is used in cars and trucks. It's often used to make parts that are lightweight, such as the body panels and roof of a car.
Some of the key players operating in the automotive aluminum market are Novelis, Alcoa, Constellium, AMG Advanced Metallurgical Group, UACJ, Norsk Hydro, RIO Tinto, Aluminum Corporation of China Limited, Aleris, Autoneum Holding, Tenneco(Federal-Mogul), Dana, Elringklinger, Progress-Werk Oberkirch, Thermotec Automotive Products.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Aluminum Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Aluminum Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Aluminum Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Aluminum Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Aluminum Market Size & Forecast, 2018-2028
4.5.1 Automotive Aluminum Market Size and Y-o-Y Growth
4.5.2 Automotive Aluminum Market Absolute $ Opportunity
Chapter 5 Global Automotive Aluminum Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Aluminum Market Size Forecast by Type
5.2.1 Cast Aluminum
5.2.2 Rolled Aluminum
5.2.3 Extruded Aluminum
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Aluminum Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Aluminum Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 LCV
6.2.3 HCV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Aluminum Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Aluminum Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Aluminum Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Aluminum Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Aluminum Market Size Forecast by Type
9.6.1 Cast Aluminum
9.6.2 Rolled Aluminum
9.6.3 Extruded Aluminum
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Aluminum Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 LCV
9.10.3 HCV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Aluminum Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Aluminum Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Aluminum Market Size Forecast by Type
10.6.1 Cast Aluminum
10.6.2 Rolled Aluminum
10.6.3 Extruded Aluminum
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Aluminum Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 LCV
10.10.3 HCV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Aluminum Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Aluminum Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Aluminum Market Size Forecast by Type
11.6.1 Cast Aluminum
11.6.2 Rolled Aluminum
11.6.3 Extruded Aluminum
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Aluminum Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 LCV
11.10.3 HCV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Aluminum Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Aluminum Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Aluminum Market Size Forecast by Type
12.6.1 Cast Aluminum
12.6.2 Rolled Aluminum
12.6.3 Extruded Aluminum
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Aluminum Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 LCV
12.10.3 HCV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Aluminum Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Aluminum Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Aluminum Market Size Forecast by Type
13.6.1 Cast Aluminum
13.6.2 Rolled Aluminum
13.6.3 Extruded Aluminum
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Aluminum Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 LCV
13.10.3 HCV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Aluminum Market: Competitive Dashboard
14.2 Global Automotive Aluminum Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Novelis
14.3.2 Alcoa
14.3.3 Constellium
14.3.4 AMG Advanced Metallurgical Group
14.3.5 UACJ
14.3.6 Norsk Hydro
14.3.7 RIO Tinto
14.3.8 Aluminum Corporation of China Limited
14.3.9 Aleris
14.3.10 Autoneum Holding
14.3.11 Tenneco(Federal-Mogul)
14.3.12 Dana
14.3.13 Elringklinger
14.3.14 Progress-Werk Oberkirch
14.3.15 Thermotec Automotive Products
