Automotive Aluminum Market Overview

The report is titled ‘Automotive Aluminum Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the automotive aluminum market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The automotive aluminum market is expected to grow at a significant rate in the near future.

The automotive aluminum market size was valued at US$ 58.6 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2028.

Automotive Aluminum Market Definition

The automotive industry, across the world, employs aluminum extrusions, castings, and sheets in order to fabricate vehicle frame, body, fuel systems, wheels, vehicle interiors and heat shields. The aluminum sheets and castings also find applications in the manufacturing of several different engine components, for instance, radiators, pistons, and cylinder heads.

As the aluminum utilized in commercial and passenger vehicles is light weighted, it provides greater durability, stability, and cost-effectiveness. In contrast to steel, aluminum components carry the potential to assist the vehicle speed up faster and soak up an improved amount of shock in the event of an accident or crash.

Automotive Aluminum Market Dynamics

The massively maturing and flourishing automotive industry, in the present day world, is one of the leading factors that is driving the growth of the global automotive aluminum market. With the same token, regard to the numerous beneficial attributes, for instance great strength, recyclability, electrical and thermal conductivity combined with corrosion resistance, aluminum is comprehensively used in the manufacturing of passenger cars and commercial buses and trucks. Attributing to which, the global automotive aluminum market is projected to grow substantially in the years to come.

Other than that, the rapid adoption of robotics technology in the manufacturing systems to effectively manufacture automobiles is also positively fueling the growth in demand of aluminum. Owing to which, the global automotive aluminum market is estimated to rise significantly in the forthcoming years. In addition to that, the regulatory authorities and governments across the world are further swiftly implementing policies which are encouraging the manufacturing of vehicles that cut off the release of greenhouse gases, therefore enhancing the carbon footprint of automobiles. Such factors are further projected to accelerate the growth of the global automotive aluminum market in the coming years.

Automotive Aluminum Market Segmentation

By Application

Powertrain

Chassis & Suspension

Car Body

By Product Form

Cast Aluminum

Rolled Aluminum

Extruded Aluminum

By Vehicle Type

Passenger Car

LCV

HCV

By Region

North America

Latin America

Europe

Africa

Middle East

Asia Pacific

Automotive Aluminum Market Key Players

The key participating players of the global automotive aluminum market include Alcoa Inc./Arconic Inc, Novelis Inc., UACJ Corporation, Norsk Hydro ASA, AMG Advanced Metallurgical Group, Constellium N.V., CHALCO, and Rio Tinto, among others.

MMC Overview on Automotive Aluminum Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the Automotive Aluminum market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Automotive Aluminum

Advantages of Automotive Aluminum

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment where one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Automotive Aluminum Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Automotive Aluminum Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Automotive Aluminum Market Snapshot

2.4.    Global Automotive Aluminum Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Automotive Aluminum Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Automotive Aluminum Assessment and Analysis

3.1.    Automotive Aluminum Impact Analysis 

3.2.    Actions to encourage use of Automotive Aluminum

3.3.    Automotive Aluminum Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Automotive Aluminum Market

5.    Global Automotive Aluminum Market, By Application

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Application

5.1.2.    BPS Analysis, By Application

5.2.    Market Revenue (US$Mn) and Forecast, By Application

5.2.1.    Powertrain

5.2.2.    Chassis & Suspension

5.2.3.    Car Body

5.3.    Global Automotive Aluminum Market Attractiveness Index, By Application

6.    Global Automotive Aluminum Market, By Product Form

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Product Form

6.1.2.    BPS Analysis, By Product Form

6.2.    Market Revenue (US$Mn) and Forecast, By Product Form

6.2.1.    Cast Aluminum

6.2.2.    Rolled Aluminum

6.2.3.    Extruded Aluminum

6.3.    Global Automotive Aluminum Market Attractiveness Index, By Product Form

7.    Global Automotive Aluminum Market, By Vehicle Type

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Vehicle Type

7.1.2.    BPS Analysis, By Vehicle Type

7.2.    Market Revenue (US$Mn) and Forecast, By Vehicle Type

7.2.1.    Passenger Car

7.2.2.    LCV

7.2.3.    HCV

7.3.    Global Automotive Aluminum Market Attractiveness Index, By Vehicle Type

8.    Global Automotive Aluminum Market, By Region

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Region

8.1.2.    BPS Analysis, By Region

8.2.    Market Revenue (US$Mn) and Forecast, By Region

8.2.1.    North America

8.2.2.    Latin America

8.2.3.    Europe

8.2.4.    Asia Pacific

8.2.5.    Middle East 

8.2.6.    Africa

8.3.    Global Automotive Aluminum Market Attractiveness Index, By Region

9.    North America Automotive Aluminum Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market Revenue (US$Mn) and Forecast, By Country

9.2.1.    U.S. Automotive Aluminum Market

9.2.2.    Canada Automotive Aluminum Market

9.3.    North America Automotive Aluminum Market, By Application 

9.3.1.    Powertrain

9.3.2.    Chassis & Suspension

9.3.3.    Car Body

9.4.    North America Automotive Aluminum Market, By Product Form

9.4.1.    Cast Aluminum

9.4.2.    Rolled Aluminum

9.4.3.    Extruded Aluminum

9.5.    North America Automotive Aluminum Market, By Vehicle Type

9.5.1.    Passenger Car

9.5.2.    LCV

9.5.3.    HCV

9.6.    North America Automotive Aluminum Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Application

9.6.3.    By Product Form

9.6.4.    By Vehicle Type

10.    Latin America Automotive Aluminum Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    Brazil Automotive Aluminum Market

10.2.2.    Mexico Automotive Aluminum Market

10.2.3.    Rest Of Latin America Automotive Aluminum Market

10.3.    Latin America Automotive Aluminum Market, By Application 

10.3.1.    Powertrain

10.3.2.    Chassis & Suspension

10.3.3.    Car Body

10.4.    Latin America Automotive Aluminum Market, By Product Form

10.4.1.    Cast Aluminum

10.4.2.    Rolled Aluminum

10.4.3.    Extruded Aluminum

10.5.    Latin America Automotive Aluminum Market, By Vehicle Type

10.5.1.    Passenger Car

10.5.2.    LCV

10.5.3.    HCV

10.6.    Latin America Automotive Aluminum Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Application

10.6.3.    By Product Form

10.6.4.    By Vehicle Type

11.    Europe Automotive Aluminum Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    U.K. Automotive Aluminum Market

11.2.2.    Germany Automotive Aluminum Market

11.2.3.    Italy Automotive Aluminum Market

11.2.4.    France Automotive Aluminum Market

11.2.5.    Spain Automotive Aluminum Market

11.2.6.    Russia Automotive Aluminum Market

11.2.7.    Rest Of Europe Automotive Aluminum Market

11.3.    Europe Automotive Aluminum Market, By Application 

11.3.1.    Powertrain

11.3.2.    Chassis & Suspension

11.3.3.    Car Body

11.4.    Europe Automotive Aluminum Market, By Product Form

11.4.1.    Cast Aluminum

11.4.2.    Rolled Aluminum

11.4.3.    Extruded Aluminum

11.5.    Europe Automotive Aluminum Market, By Vehicle Type

11.5.1.    Passenger Car

11.5.2.    LCV

11.5.3.    HCV

11.6.    Europe Automotive Aluminum Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Application

11.6.3.    By Product Form

11.6.4.    By Vehicle Type

12.    Asia Pacific Automotive Aluminum Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    China Automotive Aluminum Market

12.2.2.    India Automotive Aluminum Market

12.2.3.    Japan Automotive Aluminum Market

12.2.4.    Australia and New Zealand Automotive Aluminum Market

12.2.5.    South Korea Automotive Aluminum Market

12.2.6.    Rest of Asia Pacific Automotive Aluminum Market

12.3.    Asia Pacific Automotive Aluminum Market, By Application 

12.3.1.    Powertrain

12.3.2.    Chassis & Suspension

12.3.3.    Car Body

12.4.    Asia Pacific Automotive Aluminum Market, By Product Form

12.4.1.    Cast Aluminum

12.4.2.    Rolled Aluminum

12.4.3.    Extruded Aluminum

12.5.    Asia Pacific Automotive Aluminum Market, By Vehicle Type

12.5.1.    Passenger Car

12.5.2.    LCV

12.5.3.    HCV

12.6.    Asia Pacific Automotive Aluminum Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Application

12.6.3.    By Product Form

12.6.4.    By Vehicle Type

13.    Middle East Automotive Aluminum Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    GCC Countries Automotive Aluminum Market

13.2.2.    Israel Automotive Aluminum Market

13.2.3.    Rest Of Middle East Automotive Aluminum Market

13.3.    Middle East Automotive Aluminum Market, By Application 

13.3.1.    Powertrain

13.3.2.    Chassis & Suspension

13.3.3.    Car Body

13.4.    Middle East Automotive Aluminum Market, By Product Form

13.4.1.    Cast Aluminum

13.4.2.    Rolled Aluminum

13.4.3.    Extruded Aluminum

13.5.    Middle East Automotive Aluminum Market, By Vehicle Type

13.5.1.    Passenger Car

13.5.2.    LCV

13.5.3.    HCV

13.6.    Middle East Automotive Aluminum Market Attractiveness Index

13.6.1.    By Country

13.6.2.    By Application

13.6.3.    By Product Form

13.6.4.    By Vehicle Type

14.    Africa Automotive Aluminum Market Analysis and Forecast, 2020–2028

14.1.    Introduction

14.1.1.    Annual Growth Rate Comparison, By Country

14.1.2.    BPS Analysis, By Country

14.2.    Market (US$Mn) Forecast, By Country

14.2.1.    South Africa Countries Automotive Aluminum Market

14.2.2.    Egypt Automotive Aluminum Market

14.2.3.    North Africa Automotive Aluminum Market

14.2.4.    Rest of Africa Automotive Aluminum Market

14.3.    Africa Automotive Aluminum Market, By Application 

14.3.1.    Powertrain

14.3.2.    Chassis & Suspension

14.3.3.    Car Body

14.4.    Africa Automotive Aluminum Market, By Product Form

14.4.1.    Cast Aluminum

14.4.2.    Rolled Aluminum

14.4.3.    Extruded Aluminum

14.5.    Africa Automotive Aluminum Market, By Vehicle Type

14.5.1.    Passenger Car

14.5.2.    LCV

14.5.3.    HCV

14.6.    Africa Automotive Aluminum Market Attractiveness Index

14.6.1.    By Country

14.6.2.    By Application

14.6.3.    By Product Form

14.6.4.    By Vehicle Type

15.    Competitive Landscape

15.1.    Company Profiles

15.1.1.    Alcoa Inc./Arconic Inc.

15.1.1.1.    Company Overview

15.1.1.2.    Financial Overview

15.1.1.3.    Key Developments

15.1.1.4.    Strategies

15.1.1.5.    Product Analysis

15.1.2.    Novelis Inc.

15.1.3.    UACJ Corporation

15.1.4.    Norsk Hydro ASA

15.1.5.    AMG Advanced Metallurgical Group

15.1.6.    Constellium N.V.

15.1.7.    CHALCO

15.1.8.    Rio Tinto

16.    Acronyms