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Automotive Metals Market

Global Automotive Metals Market Size, Trends, Analysis: By Product: Aluminium, Steel, Magnesium, Others; By Application: Body Structure, Power Train, Suspension, Others; By End Use: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Automotive Metals Market Outlook

The global automotive metals market stood at a value of around USD 119.29 billion in 2023. The market is further expected to grow at a CAGR of 6.2% in the forecast period of 2024-2032 to attain a value of USD 204.99 billion by 2032.

 

Global Automotive Metals Market

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Heightened Demand for Heavy Commercial Vehicles to Aid the Global Automotive Metals Industry

Based on end use, the heavy commercial vehicles segment is predicted to hold a significant market share in the automotive metals industry. This growth can be attributed to the increased investments in the infrastructure development across the world. This is leading to the heightened demand for heavy commercial vehicles worldwide, which is anticipated to propel the market growth. Furthermore, the increased industrialisation is also projected to aid the market growth in the coming years.

 

The Asia Pacific to Provide Lucrative Growth Opportunities for the Global Automotive Metals Industry Growth

The Asia Pacific is estimated to hold a substantial share of the automotive metals industry in the forecast period. This growth can be attributed to the presence of the leading market players in the region. In addition, the rising government investments supporting infrastructure development activities in the region are also predicted to drive the demand for heavy duty vehicles for construction applications. The rising population is augmenting the demand for residential, commercial, and industrial infrastructure, thereby, bolstering the market growth in the forecast period.

 

Automotive Metals: Market Segmentation

Automotive metals are metals, such as steel, aluminium, and magnesium, that are commonly used in the manufacturing of automobiles. These metals are combined with additional elements to produce alloys that are moulded to form different parts of the vehicle. Different metals offer different advantages, for instance, steel aids in the process of absorbing impact energy in a crash situation. Aluminium and magnesium, on the other hand, helps to reduce the overall weight of the car’s body, thus, reducing the fuel requirement.

 

Global Automotive Metals Market By Segment

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By product, the market is divided into:

  • Aluminium 
  • Steel 
  • Magnesium 
  • Others

On the basis of application, the market can be segmented into:

  • Body Structure 
  • Power Train 
  • Suspension 
  • Others

On the basis of end use, the market can be distributed into:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Automotive Metals Market By Region

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Growing Automotive Industry and the Rapid Technological Advancements to Drive the Global Automotive Metals Industry

The automotive metals industry is being driven by the growing automotive sector and the increasing demand for vehicles. The growing global population, rising disposable incomes, and the improving living standards are leading to a rise in demand for transportation and passenger cars, thus, aiding the industry growth. In addition, the rising demand for heavy duty vehicles and machinery in the forecast period, which are essential in the construction industry, has been catalysing the market growth. Furthermore, the rapid technological advancements and the need to create lightweight vehicles to reduce energy consumption are also expected to aid the industry growth in the forecast period.

 

Key Industry Players in the Global Automotive Metals Market

The report gives a detailed analysis of the following key players in the global automotive metals market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ArcelorMittal
  • POSCO INTERNATIONAL Corporation
  • voestalpine Metal Forming GmbH
  • Tata Steel Limited
  • United States Steel Corporation
  • thyssenkrupp AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

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:

  • Product
  • Application
  • End Use
  • Region
Breakup by Product
  • Aluminium
  • Steel
  • Magnesium
  • Others
Breakup by Application
  • Body Structure
  • Power Train
  • Suspension
  • Others
Breakup by End Use
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ArcelorMittal
  • POSCO INTERNATIONAL Corporation
  • voestalpine Metal Forming GmbH
  • Tata Steel Limited
  • United States Steel Corporation
  • thyssenkrupp AG
  • 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    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Automotive Metals Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Automotive Metals Historical Market (2018-2023) 
    8.3    Global Automotive Metals Market Forecast (2024-2032)
    8.4    Global Automotive Metals Market by Product
        8.4.1    Aluminium
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Steel
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Magnesium
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Automotive Metals Market by Application
        8.5.1    Body Structure
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Power Train
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Suspension
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Automotive Metals Market by End Use
        8.6.1    Passenger Cars
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Light Commercial Vehicles
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Heavy Commercial Vehicles
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)    
    8.7    Global Automotive Metals 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 Metals 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 Metals 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 Metals 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
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Automotive Metals 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 Metals 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    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    ArcelorMittal
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    POSCO INTERNATIONAL Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    voestalpine Metal Forming GmbH
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Tata Steel Limited
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    United States Steel Corporation
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    thyssenkrupp AG
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Automotive Metals Market: Key Industry Highlights, 2018 and 2032
2.    Global Automotive Metals Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global Automotive Metals Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global Automotive Metals Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Automotive Metals Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Automotive Metals Historical Market: Breakup by End-Use (USD Billion), 2018-2023
7.    Global Automotive Metals Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
8.    Global Automotive Metals Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Automotive Metals Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Automotive Metals Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Automotive Metals Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Automotive Metals Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Automotive Metals Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Automotive Metals Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Automotive Metals Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Automotive Metals Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Automotive Metals Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Automotive Metals Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Automotive Metals Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Automotive Metals Market Structure

Key Questions Answered in the Report

In 2023, the global automotive metals market attained a value of nearly USD 119.29 billion.

The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.

The major market drivers include the surging demand for passenger and commercial vehicles, rapid technological advancements, and increasing investments in R&D activities by leading automotive companies.

Rapid urbanisation and industrialisation and the surging population with high disposable incomes are the key trends fuelling the market demand for automotive metals. 

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant products considered in the market report include aluminium, steel, and magnesium, among others.

The major applications of automotive metal include body structure, power train, and suspension, among others.

The significant end uses of the product include passenger cars, light commercial vehicles, and heavy commercial vehicles.

The major players in the market are ArcelorMittal, POSCO INTERNATIONAL Corporation, voestalpine Metal Forming GmbH, Tata Steel Limited, United States Steel Corporation, and thyssenkrupp AG, among others.

Analyst Review

The global automotive metals market attained a value of around USD 119.29 billion in 2023, driven by the increased demand for passenger vehicles and the rapid industrialisation worldwide. Aided by the growing global population, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.2%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product, the market can be distributed into aluminium, steel, magnesium, and others. On the basis of applications, the industry can be segmented into body structure, power train, suspension, and others. Based on end use, the market can be categorised into passenger cars, light commercial vehicles, and heavy commercial vehicles. The major regional markets for automotive metals are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ArcelorMittal, POSCO INTERNATIONAL Corporation, voestalpine Metal Forming GmbH, Tata Steel Limited, United States Steel Corporation, thyssenkrupp AG, and 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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