Reports
Global Automotive Aluminium Market Size, Share, Forecast: By Form: Cast Aluminium, Rolled Aluminium, Extruded Aluminium; By Vehicle: Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), By Application: Power Train, Chassis and Suspension, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Automotive Aluminium Market Outlook
The global automotive aluminium market size reached approximately USD 63.31 billion in 2023. The market is assessed to grow at a CAGR of 10.3% between 2024 and 2032 to attain a value of around USD 152.99 billion by 2032.
Key Trends in the Market
Aluminium is one of the most widely used metals in the manufacturing of vehicles due to its favourable properties and characteristics, including excellent strength and lightweight, among others. The safety, recyclability, and high efficiency of the metal make it ideal for use to enhance the safety and sustainability of different components of vehicles, such as wheels, suspensions, and brakes, among others.
- Aluminium is a key component in EVs and HEVs as it minimises their environmental impacts, increases fuel efficiency, and improves structural integrity. Hence, the automotive aluminium market demand can be attributed to the rising popularity of hybrid electric vehicles (HEVs) and electric vehicles (EVs), buoyed by growing environmental concerns.
- The increasing attempts to decarbonise the automotive sector and the surging preference for eco-friendly and sustainable transportation modes are expected to be some of the key automotive aluminium market trends. The excellent strength-to-weight ratio as well as exceptional strength and durability make aluminium an ideal metal for use in developing lightweight and fuel-efficient vehicles.
- Increasing research activities aimed at developing high-performance aluminium alloys with enhanced ductility, strength, and corrosion resistance to improve vehicles’ performance are anticipated to aid the automotive aluminium market growth. In addition, technological advancements and innovations aimed at reducing the weight of luxury vehicles are likely to surge the usage of aluminium in the coming years.
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Market Analysis
Based on form, the market is segmented into cast aluminium, rolled aluminium, and extruded aluminium. On the basis of vehicle, the market is divided into passenger cars, light commercial vehicle (LCV) and heavy commercial vehicle (HCV).
By application, the automotive aluminium market segmentation includes power train, chassis and suspension, and car body, among others. The major regional markets for automotive aluminium include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market for automotive aluminium, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Alcoa Corporation
- Aluminum Corporation of China Limited
- Consolidated Metco, Inc.
- Farinia Group
- Dynacast
- Aluminium Bahrain B.S.C.
- Kaiser Aluminum Corporation
- Gibbs Die Casting, Inc.
- Nemak Group
- CITIC Limited
- Bonnell Aluminum
- Ryobi Group
- Endurance Technologies Limited
- Martinrea Honsel Germany GmbH
- Bodine Aluminum
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Market Share by Application
As per the automotive aluminium market analysis, power trains account for a substantial market share as aluminium is extensively used to reduce their weight while improving efficiency and lowering manufacturing costs. With the growing trend of sustainability, manufacturers are using recycled aluminium in vehicle components, including power trains, to enhance the environmental performance of vehicles.
Meanwhile, the utilisation of aluminium in chassis and suspension of vehicles is significantly growing owing to its favourable properties like high thermal conductivity, excellent corrosion resistance, and energy efficiency, among others.
Market Share by Region
North America represents a substantial portion of the automotive aluminium market share due to the increasing demand for luxury vehicles in countries like the United States. The rising preference for eco-friendly, fuel-efficient, and sustainable vehicles in the region, especially among the environmentally conscious population, is also propelling the market growth.
The Asia Pacific is expected to witness a healthy growth in the forecast period due to rapid urbanisation and industrialisation and the increasing demand and production of vehicles. The introduction of stringent government initiatives aimed at lowering carbon emissions from vehicles is also likely to favour the automotive aluminium market development in the coming years.
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Competitive Landscape
Alcoa Corporation, founded in 1988, is one of the largest industrial companies. It is headquartered in Pittsburg, the United States, and is a major producer of aluminium in the world. Through research and development activities, the company aims to support sustainability in industrial activities.
Farinia Group is a company that specialises in the production of innovative materials for use in manufacturing activities. It operates in nearly 17 countries and has collaborated with 1200 partners to provide excellent customer service. Some of the sectors it serves are automotive, aviation, agriculture, fashion and luxury, and power generation, among others.
Endurance Technologies Limited is a leading aluminium die-casting company and one of the largest automotive component suppliers in India. Through its technologically advanced solutions, the company aims to deliver sustainable solutions to its customers. With its history dating back to 1985, the company has developed nearly 31 strategically located manufacturing facilities near leading OEMs.
Other automotive aluminium market players include Aluminum Corporation of China Limited, Consolidated Metco, Inc., Dynacast, Aluminium Bahrain B.S.C., Kaiser Aluminum Corporation, Gibbs Die Casting, Inc., Nemak Group, CITIC Limited, Bonnell Aluminum, Ryobi Group, Martinrea Honsel Germany GmbH, and Bodine Aluminum.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
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| Breakup by Vehicle |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Aluminium Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Aluminium Historical Market (2018-2023)
8.3 Global Automotive Aluminium Market Forecast (2024-2032)
8.4 Global Automotive Aluminium Market by Form
8.4.1 Cast Aluminium
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Rolled Aluminium
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Extruded Aluminium
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Automotive Aluminium Market by Vehicle
8.5.1 Passenger Cars
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Light Commercial Vehicle (LCV)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Heavy Commercial Vehicle (HCV)
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Automotive Aluminium Market by Application
8.6.1 Power Train
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Chassis and Suspension
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Car Body
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Automotive Aluminium Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Automotive Aluminium Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Aluminium Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Aluminium Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Aluminium Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Aluminium Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Alcoa Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Aluminum Corporation of China Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Consolidated Metco, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Farinia Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Dynacast
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Aluminium Bahrain B.S.C.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Kaiser Aluminum Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Gibbs Die Casting, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Nemak Group
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 CITIC Limited
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Bonnell Aluminum
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Ryobi Group
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Endurance Technologies Limited
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 Martinrea Honsel Germany GmbH
16.2.14.1 Company Overview
16.2.14.2 Product Portfolio
16.2.14.3 Demographic Reach and Achievements
16.2.14.4 Certifications
16.2.15 Bodine Aluminum
16.2.15.1 Company Overview
16.2.15.2 Product Portfolio
16.2.15.3 Demographic Reach and Achievements
16.2.15.4 Certifications
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Aluminium Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Aluminium Historical Market: Breakup by Form (USD Million), 2018-2023
3. Global Automotive Aluminium Market Forecast: Breakup by Form (USD Million), 2024-2032
4. Global Automotive Aluminium Historical Market: Breakup by Vehicle (USD Million), 2018-2023
5. Global Automotive Aluminium Market Forecast: Breakup by Vehicle (USD Million), 2024-2032
6. Global Automotive Aluminium Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Automotive Aluminium Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Automotive Aluminium Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Automotive Aluminium Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Automotive Aluminium Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Automotive Aluminium Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Automotive Aluminium Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Automotive Aluminium Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Automotive Aluminium Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Automotive Aluminium Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Automotive Aluminium Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Automotive Aluminium Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Automotive Aluminium Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Automotive Aluminium Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Automotive Aluminium Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 63.31 billion.
The market is assessed to grow at a CAGR of 10.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 152.99 billion by 2032.
The increasing focus on decarbonisation of the transportation sector and the favourable properties of aluminium are driving the market growth.
The key trends propelling the market growth include the rising popularity of electric vehicles, increasing research activities aimed at developing high-performance aluminium alloys, and growing vehicle ownership.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant applications of automotive aluminium are power train, chassis and suspension, and car body, among others.
The major players in the market are Alcoa Corporation, Aluminum Corporation of China Limited, Consolidated Metco, Inc., Farinia Group, Dynacast, Aluminium Bahrain B.S.C., Kaiser Aluminum Corporation, Gibbs Die Casting, Inc., Nemak Group, CITIC Limited, Bonnell Aluminum, Ryobi Group, Endurance Technologies Limited, Martinrea Honsel Germany GmbH, and Bodine Aluminum.
Analyst Review
The global automotive aluminium market attained a value of nearly USD 63.31 billion in 2023, driven by the robust growth of the automobile industry. Aided by the recyclability associated with aluminium, the market is projected to grow at a CAGR of 10.3% in the forecast period of 2024-2032 to reach around USD 152.99 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on form, the market can be segmented into cast aluminium, rolled aluminium, and extruded aluminium. On the basis of vehicle, the market can be segmented into passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV).
Based on application, the market can be segmented into powertrain, chassis and suspension, and car body, among others. The major regional markets for automotive aluminium are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Alcoa Corporation, Aluminum Corporation of China Limited, Consolidated Metco, Inc., Farinia Group, Dynacast, Aluminium Bahrain B.S.C., Kaiser Aluminum Corporation, Gibbs Die Casting, Inc., Nemak Group, CITIC Limited, Bonnell Aluminum, Ryobi Group, Endurance Technologies Limited, Martinrea Honsel Germany GmbH, and Bodine Aluminum.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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