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Global Automotive Metals Market: By Product: Aluminium, Steel, Magnesium, Others; By Application: Body Structure, Power Train, Suspension, Others; By End Use: Passenger Cars, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Automotive Metals Market Outlook
The global automotive metals market stood at a value of around USD 99.6 billion in 2020. The market is further expected to grow at a CAGR of 6.2% in the forecast period of 2023-2028 to attain a value of USD 121.3 billion by 2026.
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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.
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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.
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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.
| 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- 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, 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 | 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 (2018-2022)
8.3 Global Automotive Metals Market Forecast (2023-2028)
8.4 Global Automotive Metals Market by Product
8.4.1 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 Steel
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 Magnesium
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Automotive Metals Market by Application
8.5.1 Body Structure
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 Power Train
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 Suspension
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Automotive Metals Market by End Use
8.6.1 Passenger Cars
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 Light Commercial Vehicles
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 Heavy Commercial Vehicles
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Automotive Metals Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Automotive Metals Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Automotive Metals Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Metals Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Metals Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Metals Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 2028
2. Global Automotive Metals Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Automotive Metals Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Automotive Metals Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Automotive Metals Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Automotive Metals Historical Market: Breakup by End-Use (USD Billion), 2018-2022
7. Global Automotive Metals Market Forecast: Breakup by End-Use (USD Billion), 2023-2028
8. Global Automotive Metals Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Automotive Metals Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Automotive Metals Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Automotive Metals Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Automotive Metals Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Automotive Metals Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Automotive Metals Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Automotive Metals Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Automotive Metals Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Automotive Metals Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Automotive Metals Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Automotive Metals Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Automotive Metals Market Structure
Key Questions Answered in the Report
In 2020, the global automotive metals market attained a value of nearly USD 99.6 billion.
The market is projected to grow at a CAGR of 6.2% between 2023 and 2028.
The major drivers of the industry, such as the increased demand for passenger vehicles, rapid technological advancements, heightened demand for commercial vehicles across industries, rising disposable incomes, and the rising investments by the leading automotive companies, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rising global population and rapid industrialisation.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant products include aluminium, steel, magnesium, and others.
The major applications include body structure, power train, suspension, and others.
The significant end uses include passenger cars, light commercial vehicles, and heavy commercial vehicles.
The major players in the industry are ArcelorMittal, POSCO INTERNATIONAL Corporation, voestalpine Metal Forming GmbH, Tata Steel Limited, United States Steel Corporation, thyssenkrupp AG, and others.
Analyst Review
The global automotive metals market attained a value of around USD 99.6 billion in 2020, 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 2023-2028, 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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