Quick Summary:
In the rapidly evolving automotive industry, keeping ahead of material trends is essential. With an economy increasingly moving towards sustainability, the importance of lightweight yet durable material usage in automotives is greater than ever. The global market for Automotive Alloys is receiving considerable attention, predicted to surge to a revised size of $242.4 Billion by 2030.
To navigate these shifts, our comprehensive market report offers in-depth forecasts and analysis, focusing on key segments such as Steel and Aluminum. An understanding of the current state of the Automotive Alloys market across major economic powers, including the U.S., China, Japan, Canada, and Europe, is crucial for any business looking to thrive in the industry.
Besides geographic trends, a careful study of major competitors from Alcoa, Inc. to Nippon Steel & Sumitomo Metal Corporation offers valuable insights on market strategies. With your purchase, you'll receive a year of complimentary updates, access to our digital archives as well as our online interactive peer-to-peer collaborative bespoke updates. Equip your business with the data it needs to confidently steer into the future.
Global Automotive Alloys Market to Reach $242.4 Billion by 2030
The global market for Automotive Alloys estimated at US$163.4 Billion in the year 2022, is projected to reach a revised size of US$242.4 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2022-2030. Steel, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$93.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Aluminum segment is readjusted to a revised 5.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $44.5 Billion, While China is Forecast to Grow at 8.4% CAGR
The Automotive Alloys market in the U.S. is estimated at US$44.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$52.3 Billion by the year 2030 trailing a CAGR of 8.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.Select Competitors (Total 116 Featured) -
- Alcoa, Inc.
- AMG Advanced Metallurgical Group NV
- ArcelorMittal SA
- Constellium N.V.
- Kobe Steel Ltd.
- Nippon Steel &
- Sumitomo Metal Corporation
- Norsk Hydro ASA
- Novelis, Inc.
- ThyssenKrupp AG
- UACJ Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Automotive Alloys?
What is the growth rate of the Global Market for Automotive Alloys?
What is the forecasted size of the Global Market for Automotive Alloys?
Who are the key companies in the Global Market for Automotive Alloys?
| Report Attribute | Details |
|---|---|
| No. of Pages | 231 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 163.4 Billion |
| Forecasted Market Value ( USD | $ 242.4 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Alcoa, Inc.
- AMG Advanced Metallurgical Group NV
- ArcelorMittal SA
- Constellium N.V.
- Kobe Steel Ltd.
- Nippon Steel &
- Sumitomo Metal Corporation
- Norsk Hydro ASA
- Novelis, Inc.
- ThyssenKrupp AG
- UACJ Corporation
