Automotive Aluminum Market Value Is Estimated to Reach USD116.16 BN By 2028, With 8.50 % CAGR – Credence Research

August 09 22:25 2022
Automotive Aluminum Market Value Is Estimated to Reach USD116.16 BN By 2028, With 8.50 % CAGR - Credence Research
The key players in the global Automotive Aluminium market in terms of value and volume include Alcoa Inc., Arconic Inc., CHALCO, UACJ Corporation, Norsk Hydro, ASA, AMG Advanced Metallurgical Group, Constellium N.V., Novelis Inc., and Rio Tinto.

The latest market report published by Credence Research, Inc. is “Global Automotive Aluminum Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028″. The Global Automotive Aluminum Market generated around USD 71.2 billion in 2021 and is anticipated to grow a CAGR of over 8.50 % during the forecast period from 2022 to 2028 to reach around USD 116.16 billion in 2028. At the same time, the cumulative growth opportunity presented by the global Automotive Aluminum is around USD 44.96 billion from 2022 to 2028.

The primary factors driving the market’s growth rate are advancements in driving dynamics, the increased demand for electric vehicles, and the adoption of new technologies that will provide comfort and safety during the forecast period, which is anticipated to temper industry growth. The expansion of laws and regulations managing emissions and fuel economy. Throughout the projected period, the increased demand for electric vehicles and the adoption of innovative systems that provide comfort and safety will likely restrain market growth for automotive Aluminum, further opening the door for market expansion. Additionally, it is projected that the widespread usage of this material because of its high strength, thermal and electrical conductivity, recyclability, and corrosion resistance may restrain the market’s overall growth. Furthermore, implementing government regulations promoting the development of vehicles that lower greenhouse gas emissions, thus lessening the carbon footprint of automobiles, is favorably affecting market expansion. Additional factors are expected to propel the business, including rising consumer disposable income and significant research and development (R&D) efforts.

Automotive Aluminium Market Scope

Report Attribute

Details

Market Value in 2021

USD 71.2 billion

Market Value in 2028

USD 116.16 million

CAGR

8.50%

Benchmarking Year

2021

Past data

2016 – 2021

Forecast period

2022 – 2028

Browse full report – https://www.credenceresearch.com/report/automotive-aluminium-market

The global Automotive Aluminum market is bifurcated into Application, Product Form, Vehicle Type, and Geography. Based on application, the market is categorized into powertrain, chassis & suspension, and car body. Based on product form, the global market is segmented into cast aluminum, rolled Aluminum, and extruded Aluminum. Based on the vehicle type, the market is bifurcated into Passenger Car, LCV, and HCV. By sales channel, the market is categorized into direct sales, hypermarkets/supermarkets, convenience stores, specialty retail stores, traditional grocery stores, and online retailers. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.

Segmentation of Global Automotive Aluminium Market-

Global Automotive Aluminium Market – By Application

  • Powertrain
  • Chassis & Suspension
  • Car Body 

 Global Automotive Aluminium Market – By Product Form

  • Cast Aluminium
  • Rolled Aluminium
  • Extruded Aluminium 

Global Automotive Aluminium Market – By Vehicle

  • Passenger Car
  • LCV
  • HCV

Why to Buy This Report-

  • The report provides a qualitative and quantitative analysis of the global Automotive Aluminum market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
  • In-depth analysis of the global market segmentation based on Application, Product Form, and Vehicle Type.
  • The global Automotive Aluminum market report also includes analyzing the global, regional, and country level, along with key market trends, significant players analysis, market growth strategies, and critical application areas.

Table Of Content: 

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Automotive Aluminium Market

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Automotive Aluminium Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Major Industry Challenges

3.2.3. Key Growth Pockets

3.3. Attractive Investment Proposition,2021

3.3.1. Application

3.3.2. Product Form

3.3.3. Vehicle

3.3.4. Geography

3.4. Porter’s Five Forces Analysis

3.4.1. Threat of New Entrants

3.4.2. Bargaining Power of Buyers/Consumers

3.4.3. Bargaining Power of Suppliers

3.4.4. Threat of Substitute Types

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021

4.1. Company market share of key players, 2021

4.2. Competitive Benchmarking

4.3. Geographical Presence Analysis

4.4. Major Strategies Adopted by Key Players

4.4.1. Key Strategies Analysis

4.4.2. Mergers and Acquisitions

4.4.3. Partnerships

4.4.4. Product Launch

4.4.5. Geographical Expansion

4.4.6. Others

5. COVID 19 Impact Analysis

5.1. Global Automotive Aluminium Market Pre Vs Post COVID 19, 2019 – 2028

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

6. North America

6.1. North America Automotive Aluminium Market, by Country, 2016-2028(US$ Bn)

6.1.1. U.S.

6.1.2. Canada

6.1.3. Mexico

6.2. North America Automotive Aluminium Market, by Application, 2016-2028(US$ Bn)

6.2.1. Overview

6.2.2. Powertrain

6.2.3. Chassis & Suspension

6.2.4. Car Body

6.3. North America Automotive Aluminium Market, by Product Form, 2016-2028(US$ Bn)

6.3.1. Overview

6.3.2. Cast Aluminium

6.3.3. Rolled Aluminium

6.3.4. Extruded Aluminium

6.4. North America Automotive Aluminium Market, by Vehicle, 2016-2028(US$ Bn)

6.4.1. Overview

6.4.2. Passenger Car

6.4.3. LCV

6.4.4. HCV

7. Europe

7.1. Europe Automotive Aluminium Market, by Country, 2016-2028(US$ Bn)

7.1.1. UK

7.1.2. France

7.1.3. Germany

7.1.4. Italy

7.1.5. Russia

7.1.6. Ukraine

7.1.7. Spain

7.1.8. Belgium

7.1.9. Netherland

7.1.10. Austria

7.1.11. Sweden

7.1.12. Poland

7.1.13. Denmark

7.1.14. Switzerland

7.1.15. Rest of Europe

7.2. Europe Automotive Aluminium Market, by Application, 2016-2028(US$ Bn)

7.2.1. Overview

7.2.2. Powertrain

7.2.3. Chassis & Suspension

7.2.4. Car Body

7.3. Europe Automotive Aluminium Market, by Product Form, 2016-2028(US$ Bn)

7.3.1. Overview

7.3.2. Cast Aluminium

7.3.3. Rolled Aluminium

7.3.4. Extruded Aluminium

7.4. Europe Automotive Aluminium Market, by Vehicle, 2016-2028(US$ Bn)

7.4.1. Overview

7.4.2. Passenger Car

7.4.3. LCV

7.4.4. HCV

8. Asia Pacific

……..

9. Latin America

……..

10. Middle East

…….

11. Africa

…….

12. Global

12.1. Global Automotive Aluminium Market, by Application, 2016-2028(US$ Bn)

12.1.1. Overview

12.1.2. Powertrain

12.1.3. Chassis & Suspension

12.1.4. Car Body

12.2. Global Automotive Aluminium Market, by Product Form, 2016-2028(US$ Bn)

12.2.1. Overview

12.2.2. Cast Aluminium

12.2.3. Rolled Aluminium

12.2.4. Extruded Aluminium

12.3. Global Automotive Aluminium Market, by Vehicle, 2016-2028(US$ Bn)

12.3.1. Overview

12.3.2. Passenger Car

12.3.3. LCV

12.3.4. HCV

13. Company Profiles

13.1. Alcoa Inc.

13.2. Arconic Inc.

13.3. CHALCO

13.4. UACJ Corporation

13.5. Norsk Hydro

13.6. ASA

13.7. AMG Advanced Metallurgical Group

13.8. Constellium N.V.

13.9. Novelis Inc.

13.10. Rio Tinto.  

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