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Pulished Date February, 2020
ID: 8487
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Automotive Aluminum Market by Product Form (Cast Aluminum, Rolled Aluminum, & Extruded Aluminum), Application (Powertrain, Chassis & Suspension, & Car Body), Vehicle Type (Passenger Car, LCV, & HCV), by Region - Global Industry Analysis, Size, Share, Growth, Investment, and Forecasts (2018–2023)

Pulished: February, 2020
ID: 8487
Pages: 170

Tags: Tag2, Tag_3

Automotive Aluminum Market Value and Growth:

Automotive Aluminum Market was around USD 56.75 Billion by revenue, at the end of 2018. It is expected to grow at a CAGR of 8.86 % to reach close to USD 86.76 Billion by the end of the forecast period.

Automotive Aluminum Market Overview:

The Automotive Aluminum Market has a slow growth pace in the global market which is mainly driven by the demand for lightweight automotive components which are used in the engine and parts of the vehicle to have a fuel-efficient automobile eventually. The Automotive Aluminum Market is expected to reach a total of USD 86.76 Billion by the end of 2023 with an 8.86 % CAGR.Automotive Aluminum Advisors have announced that three former leaders and experts of Alcoa will be joining to its team, to assemble one of the most sophisticated advanced aluminum technology and engineering consulting teams in the world.

Automotive Aluminum Market Drivers and Restraints:

The global market is mainly driven by the increased usage of the Automotive Aluminum in engine component making, which eventually increases the overall fuel efficiency of the vehicles. Also, the demand for Aluminum in the powertrain application is another primary driver to the groe=wth of the global market in the forecast, as mentioned earlier period.However, the costs associated may restrain the market in the forecast period. Also, the market concentration in regions like the Asia Pacific restrains the market expansion into regions like the Middle East and Africa.

Automotive Aluminum Market Segmentation Analysis:

By Product Form

Based on the form of the product, the global market for automotive Aluminum is segmented into Cast Aluminum, Rolled Aluminum, & Extruded Aluminum. Among the mentioned form of product, the cast aluminum segment is accounted for the largest market share both in terms of volume and value. This segment is also expected to have the fastest growth rate in the forecast period mainly due to the increasing demand for lightweight components made from cast Aluminum for engines and powertrains which help improve both fuel efficiency as well as overall dynamics of the vehicles.

By Application

Based on the application of the Aluminum, the global automotive aluminum market is categorized into Powertrain, Chassis & Suspension, & Car Body. Of the mentioned applications, the powertrains segment is the fastest growing and is considered to be the largest among others. The growth is mainly attributed to the increased usage of Aluminum in automotive manufacturing in major regions like the Asia Pacific and North America.

By Vehicle Type

Based on the type of vehicle, the market is divided into Passenger Car, LCV, and HCV. Of the mentioned types of vehicles, the passenger car is the fastest growing segment which leads the global market mainly due to the demand from the public for passenger cars and the need for lightweight automobiles.

Automotive Aluminum Market Geographical Analysis:

By geography, the market is segmented as Latin America, Europe, Asia Pacific, North America, and Middle-East & Africa. North America is in the lead of the Global Automotive Aluminum Market by both value and volume, as of 2018. The situation of many key market players in this region with well-established infrastructure is the main reason for its market position. However, this region is only the second fastest growing region in the global market, following the Asia Pacific.The Asia Pacific region holds the next most significant share of the Global Automotive Aluminum Market in the year of 2018, in terms of value and volume. The regional advantages offered this region, such as ease of company setup, cheap resources, and a large number of the skilled population are the major reasons for the fast-emerging industries in this region, hence the region’s position in the global market. Also, the fast-developing economies like India, Japan, and China are the main reason for the developing regional market. These reasons make this region the fastest growing regional market in the proposed forecast period.Europe is next in the lead of the global market in the year 2018. The presence of a considerable customer base in and around this region is helping in the growth of the Automotive Aluminum Market in this region. This region is only the third fastest growing region in the global market in the projected forecast period.On the other hand, the Middle East & Africa and Latin America regions, being in the slow developing countries, have fewer opportunities for market growth. Hence, the market growth is at a slow pace in these regions.

Automotive Aluminum Market Key Market Players:

By the end of 2018 Novelis Inc. (U.S.), Constellium N.V. (Netherlands), UACJ Corporation (Japan), AMG Advanced Metallurgical Group (Netherlands), Alcoa Inc./Arconic Inc. (U.S.), CHALCO (China), Rio Tinto (U.K.), and Norsk Hydro ASA (Norway) are the leading shareholders of the global market for Automotive Aluminum Market. There is a constant competition between these companies regarding the pricing and quality of the product.

Automotive Aluminum Market Research Report Key Highlights:

  1. The evaluation of the current product and services market and the future implications of the market.
  2. Address the matter by better understanding the market through size estimates and CAGR analysis to forecast the future market.
  3. More extensive segmentation to better understand the dynamics of the market at a minimal level by dividing the market to smaller segments.
  4. Address the key market challenges, drivers, and restraints to provide insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of the competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product Form                            

                                5.1.1 Introduction           

                                5.1.2 Cast Aluminum      

                                5.1.3 Rolled Aluminum  

                                5.1.4 Extruded Aluminum            

                                5.1.5 Y-o-Y Growth Analysis, By Product Form    

                                5.1.6 Market Attractiveness Analysis, By Product Form  

                                5.1.7 Market Share Analysis, By Product Form   

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Powertrain              

                                5.2.3 Chassis & Suspension         

                                5.2.4 Car Body  

                                5.2.5 Y-o-Y Growth Analysis, By Application         

                                5.2.6 Market Attractiveness Analysis, By Application       

                                5.2.7 Market Share Analysis, By Application        

                5.3 Vehicle Type                              

                                5.3.1 Introduction           

                                5.3.2 Passenger Car        

                                5.3.3 LCV             

                                5.3.4 HCV            

                                5.3.5 Y-o-Y Growth Analysis, By Vehicle Type     

                                5.3.6 Market Attractiveness Analysis, By Vehicle Type   

                                5.3.7 Market Share Analysis, By Vehicle Type     

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Product Form

                                       By Application

                                       By Vehicle Type

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Product Form

                                       By Application

                                       Vehicle Type

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Product Form

                                       By Application

                                       By Vehicle Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Novelis Inc.                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Constellium N.V.                      

                8.3 UACJ Corporation                    

                8.4 AMG Advanced Metallurgical Group                               

                8.5 Alcoa Inc./Arconic Inc.                           

                8.6  CHALCO                      

                8.7 Rio Tinto                      

                8.8 Norsk Hydro ASA                     

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         


                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by product type,by application,by vehicle type, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Aluminum  Market By Region, From 2018-2023 ( USD Billion )
  2. Global Automotive Aluminum  Market By Product Form, From 2018-2023 ( USD Billion )
  3. Global Cast Aluminum Market By Region, From 2018-2023 ( USD Billion )
  4. Global Rolled Aluminum Market By Region, From 2018-2023 ( USD Billion )
  5. Global Extruded Aluminum) Market By Region, From 2018-2023 ( USD Billion )
  6. Global Automotive Aluminum  Market By Application, From 2018-2023 ( USD Billion )
  7. Global Powertrain Market By Region, From 2018-2023 ( USD Billion )
  8. Global Chassis & Suspension Market By Region, From 2018-2023 ( USD Billion )
  9. Global Car Body Market By Region, From 2018-2023 ( USD Billion )
  10. Global Automotive Aluminum  Market By Vehicle Type, From 2018-2023 ( USD Billion )
  11. Global Passenger Car Market By Region, From 2018-2023 ( USD Billion )
  12. Global LCV Market By Region, From 2018-2023 ( USD Billion )
  13. Global HCV Market By Region, From 2018-2023 ( USD Billion )

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