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Global Automotive Aluminium Market: By Form: Cast Aluminium, Rolled Aluminium, Extruded Aluminium; By Vehicle: Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Automotive Aluminium Market Outlook
The global automotive aluminium market stood at a value of USD 45.8 billion in 2022. The industry is further expected to grow at a CAGR of 7.90% in the forecast period of 2023-2028 to reach a value of USD 72.1 billion by 2028.. The demand in the global automotive aluminium industry is rising as a result of the growing demand in the automobile industry.
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Market Segmentation
Aluminium is used in the automotive industry in the manufacturing of car body, powertrain, and chassis and suspension as it offers exceptional safety, durability, fuel efficiency, and diminished emissions.
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Automotive aluminium finds its uses in the following vehicles:
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
The automotive aluminium industry can be bifurcated based on industry trends into:
- Economic Indicators
- Revenue Pocket Matrix
The report also covers the regional industries of the product like the Asia-Pacific, Europe, North America,Latin America, and Middle East and Africa.
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Market Analysis
The global automotive aluminium market is being driven by the growing demand for automobiles in North America, Europe, and Asia Pacific regions. The recyclability associated with aluminium is fostering the demand for the aluminium in the automotive industry. The industries in China and India are expected to grow at a faster pace as compared to other markets due to the increasing demand for automobiles in the two countries.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global automotive aluminium industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Novelis Aluminum Inc.
- Constellium SE
- AMG Advanced Metallurgical Group
- UACJ Corporation
- Norsk Hydro ASA
- Rio Tinto Limited
- Aleris Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter’s five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Vehicle, Application, Region |
| Breakup by Form | Cast Aluminium, Rolled Aluminium, Extruded Aluminium |
| Breakup by Vehicle | Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV) |
| Breakup by Application | Powertrain, Chassis & Suspension, Car Body, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Novelis Inc., Constellium SE, AMG Advanced Metallurgical Group, UACJ Corporation, Norsk Hydro ASA, Rio Tinto Limited, Aleris Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Industry Opportunities and Challenges
8 Global Automotive Aluminium Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Aluminium Historical Market (2018-2022)
8.3 Global Automotive Aluminium Market Forecast (2023-2028)
8.4 Global Automotive Aluminium Market by Form
8.4.1 Cast Aluminium
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Rolled Aluminium
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Extruded Aluminium
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Automotive Aluminium Market by Vehicle
8.5.1 Passenger Cars
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Light Commercial Vehicle (LCV)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Heavy Commercial Vehicle (HCV)
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Automotive Aluminium Market by Application
8.6.1 Power Train
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Chassis and Suspension
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Car Body
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Automotive Aluminium Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Novelis Inc
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Constellium SE
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Martinrea Honsel Germany GmbH
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 UACJ Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Norsk Hydro ASA
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Lorin Industries, Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Kaiser Aluminum Corporation
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Automotive Aluminium Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Aluminium Historical Market: Breakup by Form (USD Million), 2018-2022
3. Global Automotive Aluminium Market Forecast: Breakup by Form (USD Million), 2023-2028
4. Global Automotive Aluminium Historical Market: Breakup by Vehicle (USD Million), 2018-2022
5. Global Automotive Aluminium Market Forecast: Breakup by Vehicle (USD Million), 2023-2028
6. Global Automotive Aluminium Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Automotive Aluminium Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Automotive Aluminium Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Automotive Aluminium Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Automotive Aluminium Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Automotive Aluminium Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Automotive Aluminium Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Automotive Aluminium Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Automotive Aluminium Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Automotive Aluminium Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Automotive Aluminium Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Automotive Aluminium Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Automotive Aluminium Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Automotive Aluminium Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Automotive Aluminium Market Structure
Key Questions Answered in the Report
The global automotive aluminium market reached a value of USD 45.8 billion in 2022.
The market is likely to grow at a CAGR of 7.90% during the forecast period of 2023 and 2028.
The market is expected to reach a value of USD 72.1 billion by 2028.
The major drivers of the market include the rising population, rising disposable incomes, and the growing demand in the automobile industry.
Recyclability associated with aluminium acts as a key trend for the market.
The major regions in the market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The leading forms of automotive aluminium in the market are cast aluminium, rolled aluminium, and extruded aluminium.
The significant vehicles in the market are passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV).
The product finds wide applications in powertrain, chassis and suspension, and car body, among others.
The key players in the market are Novelis Inc., Constellium SE, AMG Advanced Metallurgical Group, UACJ Corporation, Norsk Hydro ASA, Rio Tinto Limited, and Aleris Corporation, among others.
Analyst Review
The global automotive aluminium market attained a value of USD 45.8 billion in 2022, driven by the growing demand in the automobile industry. Aided by the recyclability associated with aluminium, the industry is expected to witness more demand from the automotive sector in the coming years. The market is projected to grow at a CAGR of 7.90% in the forecast period of 2023-2028 to reach USD 72.1 billion by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on form, the industry can be segmented into cast aluminium, rolled aluminium, and extruded aluminium. On the basis of vehicle, the industry can be segmented into passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). Based on application, the industry 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 Novelis Inc., Constellium SE, AMG Advanced Metallurgical Group, UACJ Corporation, Norsk Hydro ASA, Rio Tinto Limited, and Aleris Corporation, among others.
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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