Automotive Aluminum Market industry research report is an in-depth study on the current state of the global automotive aluminum industry. Aluminum is a silvery-white, soft, lightweight, malleable, nonmagnetic, and ductile metal found in around 8% of the crust of the earth. Aluminum is recognized as the most widely used nonferrous metal and is used in different end-use industries such as transportation, aerospace & defense, building & construction, packaging, electrical & electronics, utensils, furniture & fixtures, engineering manufacturing, and others. In the automotive industry, aluminum is used extensively. The accelerating demand for aluminum in the automotive industry is due to its cost-effectiveness, strength, stability, and durability. In 1901, the first automotive engine with aluminum parts was manufactured by Carl Benz. Aluminum then witnessed a fall in demand till 1960. After 1960, the demand for aluminum from the automotive industry increased when Land Rover produced V-8 engine blocks using aluminum. Aluminum finds application in different parts of a vehicle such as transmission and suspension systems, wheels, cylinders, brake systems, heat shields & exchangers, roof, trim, fuel systems, etc.
The demand for lightweight automotive body parts has grown in recent times to further boost fuel efficiency and reduce the emission of harmful carbon and nitrogen gases. According to a study, if the weight of a vehicle can be reduced to 100 kg, the fuel consumption of that vehicle can be declined by 0.35 to 0.55 liter per 100 km, which further reduces carbon dioxide emission. Hence, lightweight vehicles are gaining popularity.
Key Factors Impacting Market Growth:
- Superior cost benefit, high mechanical properties such as lightweight, crash energy absorption, durability, and others to that of competing materials
- Increasing fuel prices and growing government regulations on vehicle emission controls
- Improving economic conditions and increasing spending power of consumers in developing economies
- Growth in electric vehicles (EVs) market across regions
- High research & development spending by leading automotive aluminum product manufacturers to retain a competitive market position
Regional Analysis:
The automotive aluminum market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the automotive aluminum market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use industries in these regions include power trains, chassis & suspensions, body parts and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for the automotive aluminum market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.
Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Automotive and others are some of the major industries in the region with strong potential for the automotive aluminum market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of key markets with demand from automotive and others.
Companies Covered: Major companies operating in the global automotive aluminum market studied in this report are Novelis, Inc., Constellium N.V., Norsk Hydro, AMAG, Aludium, Alro Group, Impol, ETEM, Bonnell Aluminum Extrusion Company, UACJ Corporation, Aleris, RIO Tinto, and others…
Market Segmentation:
By Vehicle Type:
- Small Cars
- Mid-Sized Cars
- Large Vehicles
- Crossovers
- Sports-Utility Vehicles & Multi-Utility Vehicles
- Pick-Ups
- Others
By Product Type:
- Cast Aluminum
- Extruded Aluminum
- Rolled Aluminum
- Forged Products
- Others
By Application:
- Power Trains
- Chassis & Suspensions
- Body Parts
- Others
By Region:
- North America
- By Country (US, Canada, and Mexico)
- By Vehicle Type
- By Product Type
- By Application
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, and Rest of Western Europe)
- By Vehicle Type
- By Product Type
- By Application
- Eastern Europe
- By Country (Russia, Turkey, and Rest of Eastern Europe)
- By Vehicle Type
- By Product Type
- By Application
- Asia Pacific
- By Country(China, Japan, India, South Korea, Australia, and Rest of Asia Pacific)
- By Vehicle Type
- By Product Type
- By Application
- Middle East
- By Country (Saudi Arabia, UAE, Qatar, and Rest of Middle East)
- By Vehicle Type
- By Product Type
- By Application
- Rest of the World
- By Region (South America, Africa)
- By Vehicle Type
- By Product Type
- By Application
Key Data Provided:
- Global deposition of aluminum, by region and country
- Global production and consumption of aluminum, by region and country
- Demand and supply gap of aluminum across the globe
- Global vehicles production and forecast for the next 10 years
- Global automotive aluminum production
- Regulatory norms for aluminum production
- Last five years pricing and profitability trends of the automotive aluminum market
Reasons To Buy This Report:
- Global and regional automotive aluminum market size estimation and forecasting, in terms of value and volume
- Details demand and consumption of automotive aluminum across regions, along with market breakdown based on countries
- In-depth primary interviews with leading automotive aluminum manufacturers, along with other players in the aluminum value chain to validate research findings
- Details of micro and macros economic trends and forecast analysis of leading automotive aluminum producing countries
- Profiling of major companies operating in the global automotive aluminum market and their strategic growth strategies
- Market share analysis of leading automotive aluminum manufactures, along with the global market share
Customization:
We provide customization of the study to meet specific requirements:
- Further segmentation of the global automotive aluminum market, by aluminum product type such as die casting, plate, sheet, mold casting, foil, etc.
- Details of country-specific market size estimation and forecasting for automotive aluminum market, by application
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