Automotive Aluminum Market Share Exhibits 121.3 billion with CAGR of 8.6% by Global Trends – Novelis, UACJ Corporation, Norsk Hydro, AMG Advanced Metallurgical, Constellium
Research Reports
Jun 07, 2022
The Automotive Aluminum market is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period 2022 to 2030.
Automotive Aluminum Market Overview
The global automotive aluminum market is expected to exhibit a CAGR of over 8.6% to reach a value of around USD 121.3 billion by the end of the forecast period of 2021-2028.
Aluminum is a substance obtained from bauxite and is a form of aluminum sulfates, which comprises of various elements such as vanadium oxides, silicon, aluminum hydroxide, titanium, chromium, sulfur, sulfuric calcium, gallium, iron, and magnesium carbonates. Aluminum is considerably lighter compared to steel, possesses significant tensile strength, and is easy to mold. This makes it a preferred choice in the automotive industry.
Automotive Aluminum market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.
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Globally Major key Players accelerates the Automotive Aluminum Market are, Alcoa Corporation (US), Novelis Inc. (US), UACJ Corporation (Japan), Norsk Hydro ASA (Norway), AMG Advanced Metallurgical Group (Netherlands), Constellium (US), Aluminum Corporation of China Limited (CHALCO) (China), Rio Tinto Group (UK), Aleris Corporation (US), Autoneum Holding AG (Switzerland), Dana Limited (US), ElringKlinger AG (Germany), Progress-Werk Oberkirch AG (Germany), JINDAL ALUMINIUM LTD. (India), Kaiser Aluminum (US) and Lorin Industries (US).
Most important Segments of Automotive Aluminum market covered in this report are,
By Product Form
On the basis product form, the global automotive aluminum market is divided into cast aluminum, rolled aluminum, and extruded aluminum.
By Application
Based on the application, the global automotive aluminum market is classified into powertrain, chassis & suspension, and car body.
By Vehicle Type
On the basis of vehicle type, the global automotive aluminum market is segmented into passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV).
Automotive Aluminum Industry Influence of the global market report:
- Comprehensive assessment of all opportunities and risks in the Automotive Aluminum Market.
- Automotive Aluminum Market recent innovations and major events.
- A detailed study of business strategies for the growth of the Automotive Aluminum Market market-leading players.
- Conclusive study about the growth plot of Automotive Aluminum Market for forthcoming years.
- In-depth understanding of Automotive Aluminum Market, market-particular drivers, constraints, and major micro markets.
- Favorable impression inside vital technological and market latest trends striking the Automotive Aluminum Market.
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The global Automotive Aluminum market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.
Regional Analysis
The quality of automobiles affects the safety and efficiency of the person driving and poorly manufactured and contaminated automobiles negatively impact the vehicle. The automotive business is also affected by government regulation, which generally increases production costs while putting constraints on sales and marketing. Automakers worldwide are investing heavily in the development and implementation of new technologies that ensure. Therefore, countries across the globe have started regulating the production and processing of the automobile industry. For instance, in India, the Motor Vehicles Act, 1988 (MVA) was introduced along with the Central Motor Vehicles Rules 1989 (CMVR). The Act looks after India’s safety and emission norms standards and associates the law for motor vehicles.
The regulation in the automotive industry impacts design, overall performance, safety features of the vehicle, limit sales, and affect marketing strategies. Automotive regulations benefit consumers and the environment, and automakers face stiff fines and other penalties for violating these laws.
LIST OF TABLES
TABLE 1 GLOBAL AUTOMOTIVE ALUMINUM MARKET, BY PRODUCT FORM, 2018–2028 (USD BILLION)
TABLE 2 GLOBAL AUTOMOTIVE ALUMINUM MARKET, BY VEHICLE TYPE, 2018–2028 (USD BILLION)
TABLE 3 GLOBAL AUTOMOTIVE ALUMINUM MARKET, BY APPLICATION, 2018–2028 (USD BILLION)
TABLE 4 GLOBAL AUTOMOTIVE ALUMINUM MARKET, BY REGION, 2018–2028 (USD BILLION)
TABLE 5 NORTH AMERICA AUTOMOTIVE ALUMINUM MARKET, BY COUNTRY, 2018–2028 (USD BILLION)
TABLE 6 NORTH AMERICA AUTOMOTIVE ALUMINUM MARKET, BY PRODUCT FORM, 2018–2028 (USD BILLION)
TABLE 7 NORTH AMERICA AUTOMOTIVE ALUMINUM MARKET, BY VEHICLE TYPE, 2018–2028 (USD BILLION)
TABLE 8 NORTH AMERICA AUTOMOTIVE ALUMINUM MARKET, BY APPLICATION, 2018–2028 (USD BILLION)
TABLE 9 US AUTOMOTIVE ALUMINUM MARKET, BY PRODUCT FORM, 2018–2028 (USD BILLION)
TABLE 10 US AUTOMOTIVE ALUMINUM MARKET, BY VEHICLE TYPE, 2018–2028 (USD BILLION)
TABLE 11 US AUTOMOTIVE ALUMINUM MARKET, BY APPLICATION, 2018–2028 (USD BILLION)
TABLE 12 CANADA AUTOMOTIVE ALUMINUM MARKET, BY PRODUCT FORM, 2018–2028 (USD BILLION)
TABLE 13 CANADA AUTOMOTIVE ALUMINUM MARKET, BY VEHICLE TYPE, 2018–2028 (USD BILLION)
…Continue.
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