Automotive Aluminum Market by Product Form (Cast Aluminum, Rolled Aluminum, & Extruded Aluminum), Application (Powertrain, Chassis & Suspension, & Car Body), Vehicle Type (Passenger Car, LCV, & HCV), Region - Global Forecast to 2026

  • ID: 4051036
  • Report
  • Region: Global
  • 166 Pages
  • Markets and Markets
1 of 5

FEATURED COMPANIES

  • Alcoa Inc. (Arconic Inc.)
  • Aleris
  • Autoneum Holding AG
  • Constellium N.V.
  • Dana Holding Corporation
  • Elringklinger AG
  • MORE

“The automotive aluminum market is projected to grow at a CAGR of 8.8% from 2016 to 2026, in terms of value.”

The automotive aluminum market is projected to reach USD 111.80 billion by 2026, at a CAGR of 8.8% from 2016 to 2026. Aluminum offers various performance benefits as it is light in weight and is more rigid as compared to steel, which makes it preferred material for automotive manufacturers. Apart from this, safety benefits, environmental benefits, fuel efficiency, and durability are some other advantages offered by aluminum. However, high manufacturing cost of aluminum used in the automotive industry is expected to hinder the growth of the automotive aluminum market during forecast period.

“The powertrain application segment of the automotive aluminum market accounted for the largest share of the automotive aluminum market in 2016.”

The powertrain application segment of the automotive aluminum market accounted for the largest share of the automotive aluminum market in 2016. This segment is projected to grow at the highest CAGR during the forecast period, 2016 to 2026. Increased use of aluminum in automotive manufacturing in the North American and Asia-Pacific regions is expected to drive the growth of powertrain application segment of the market during the forecast period.

“Among product forms, the cast aluminum segment accounted for the largest share of the automotive aluminum market in 2016.”

The cast aluminum product form segment accounted for the largest share of the automotive aluminum market in 2016. Casting is an inexpensive, simple, and versatile way of making variety of automotive components from aluminum. Various automotive components, such as power transmitters and car engines are manufactured using aluminum casting process. Casting includes three major types, namely, die casting, permanent mold casting, and sand casting. Owing to increasing demand for lightweight materials in the automobile industry, demand for automotive parts made of cast aluminum is expected increase in the coming years.

“The North American region accounted for the largest share of the automotive aluminum market in 2016, whereas the Asia-Pacific automotive aluminum market is projected to grow at the highest CAGR during the forecast period, 2016 to 2026.”

The North American region accounted for the largest share of the automotive aluminum market in 2016, owing to increasing demand for automotive aluminum from automotive manufacturers of this region. The growth of the North America automotive aluminum market can be attributed to implementation of Corporate Average Fuel Economy (CAFE) standards in the region. These standards mandate automobile companies to strive for a fuel efficiency of 27.5 miles per gallon (mpg) for cars and 23.5 miles per gallon (mpg) for trucks by 2016 and 37.8 miles per gallon (mpg) for cars and 28.8 miles per gallon (mpg) for trucks within the next few years. Thus, automobile companies in the North American region prefer aluminum over steel as it helps achieve improved aerodynamics and reduced weight, thereby enabling improved fuel savings. The Asia-Pacific automotive aluminum market is projected to grow at the highest CAGR during the forecast period. Increasing automobile production and demand for fuel-efficient vehicles is expected to drive the automotive aluminum market in the Asia-Pacific region during the forecast period.

Profile break-up of primary participants for the report:

  • By Company Type - Tier 1-45%, Tier 2-35%, and Tier 3-20%
  • By Designation - C level-35%, Director level-25%, and Others-40%
  • By Region - Asia-Pacific-47%, Europe-20%, North America-13%, Middle East & Africa-13%, and South America-7%

Furthermore, as a part of qualitative analysis, this research report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges influencing the automotive aluminum market. It also discusses competitive strategies adopted by different market players, such as Alcoa Inc./Arconic Inc. (U.S.), Novelis Inc. (U.S.), UACJ Corporation (Japan), Norsk Hydro ASA (Norway), AMG Advanced Metallurgical Group (Netherlands), Constellium N.V. (Netherlands), CHALCO (China), and Rio Tinto (U.K.), among others.

Research Coverage:

This report offers an overview of market trends, drivers, and challenges influencing the automotive aluminum market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and Latin America. The report categorizes the automotive aluminum market on the basis of vehicle type, application, product form, and region. A detailed analysis of leading players, along with key growth strategies adopted by them is also provided in the report.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall automotive aluminum market and its varied subsegments. This report not only helps stakeholders to obtain improved understanding of the competitive landscape of the market, but also enables them to obtain increased insights to enhance position of their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Alcoa Inc. (Arconic Inc.)
  • Aleris
  • Autoneum Holding AG
  • Constellium N.V.
  • Dana Holding Corporation
  • Elringklinger AG
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency Considered
1.5 Stakeholders
1.6 Limitations

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.2 Primary Data
2.2.1.1 Key Data from Primary Sources
2.2.1.2 Key Industry Insights
2.2.1.3 Breakdown of Primary Interviews
2.3 Market Size Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Automotive Aluminum Market
4.2 Automotive Aluminum Market, By Product Form
4.3 Automotive Aluminum Market
4.4 Automotive Aluminum Market Growth
4.5 Automotive Aluminum Market, By Vehicle Type
4.6 Automotive Aluminum Market: Developing vs Developed Nations

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Vehicle Production
5.3.1.2 Regulations for Fuel Efficiency and Emissions
5.3.1.3 Improved Driving Dynamics
5.3.2 Restraints
5.3.2.1 High Production Cost
5.3.3 Opportunities
5.3.3.1 Growing Market for Electric Vehicles
5.3.3.2 Integration of New Systems for Comfort and Safety
5.3.4 Challenges
5.3.4.1 Engineering Barriers
5.4 Cost Structure Analysis

6 Industry Trends
6.1 Revenue Pocket Matrix
6.1.1 Revenue Pocket Matrix for Automotive Aluminum Market, By Product Form, 2015
6.1.2 Revenue Pocket Matrix for Automotive Aluminum Market, By Application, 2015
6.2 Economic Indicators
6.2.1 Impact of Gdp On Total Vehicle Sales
6.2.2 Urbanization vs. Passenger Cars Per 1000 People

7 Automotive Aluminum Market, By Product Form
7.1 Introduction
7.2 Cast Aluminum
7.2.1 Die Casting
7.2.2 Permanent Mold Casting
7.2.3 Sand Casting
7.3 Rolled Aluminum
7.3.1 Aluminum Plate
7.3.2 Aluminum Sheet
7.3.3 Aluminum Foil
7.4 Extruded Aluminum

8 Automotive Aluminum Market, By Vehicle Type
8.1 Introduction
8.2 Passenger Cars
8.3 Light Commercial Vehicles (LCV)
8.4 Heavy Commercial Vehicles (HCV)

9 Automotive Aluminum Market, By Application
9.1 Introduction
9.2 Powertrain
9.2.1 Pistons
9.2.2 Engine Blocks
9.2.3 Fuel Systems
9.2.4 Heat Shields
9.2.5 Heat Exchangers
9.3 Chassis & Suspension
9.3.1 Suspension Parts
9.3.2 Wheels
9.3.3 Steering System
9.3.4 Break Systems
9.4 Car Body
9.4.1 Body Structure
9.4.2 Roof and Trim
9.4.3 Car Interiors
9.4.4 Hang-On Parts

10 Automotive Aluminum Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Mexico
10.2.3 Canada
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Rest of Asia-Pacific
10.4 Europe
10.4.1 Germany
10.4.2 Italy
10.4.3 Spain
10.4.4 France
10.4.5 U.K.
10.4.6 Switzerland
10.4.7 Russia
10.4.8 Rest of Europe
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 South Africa
10.5.3 Rest of Middle East & Africa
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America

11 Competitive Landscape
11.1 Overview
11.2 Automotive Aluminum Market: Company Share Analysis
11.3 Expansions
11.4 New Product Launches
11.5 Supply Contracts
11.6 Joint Ventures
11.7 Mergers & Acquisitions
11.8 Agreements
11.9 Partnerships

12 Company Profiles
(Overview, Financial - , Products & Services, Strategy, and Developments)
12.1 Novelis, Inc.
12.2 Alcoa Inc. (Arconic Inc.)
12.3 Constellium N.V.
12.4 Amg Advanced Metallurgical Group
12.5 Uacj Corporation
12.6 Norsk Hydro Asa
12.7 Rio Tinto
12.8 Aluminum Corporation of China Limited
12.9 Aleris
12.10 Autoneum Holding AG
12.11 Federal-Mogul Holding Corporation
12.12 Dana Holding Corporation
12.13 Elringklinger AG
12.14 Progress-Werk Oberkirch AG
12.15 Thermotec Automotive Products
  • Details Might Not Be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store
13.3 Introducing Rt: Real Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables:
Table 1 Automotive Aluminum Market Snapshot
Table 2 Automotive Aluminum Market, By Product Form
Table 3 Automotive Aluminum Market, By Application
Table 4 Automotive Aluminum Market, By Vehicle Type
Table 5 Automotive Aluminum Market, By Region
Table 6 Overview of Emission and Fuel Economy Regulation Specifications for LCVs
Table 7 Automotive Aluminum: Cost Structure Analysis
Table 8 Vehicle Production, By Country, 2013-2015 (Units)
Table 9 Automotive Aluminum Market, By Product Form, 2014-2026 (Thousand Metric Tons)
Table 10 Automotive Aluminum Market, By Product Form, 2014-2026 (USD Billion)
Table 11 Cast Automotive Aluminum Market, By Region, 2014-2026 (Thousand Metric Tons)
Table 12 Cast Automotive Aluminum Market, By Region, 2014-2026 (USD Billion)
Table 13 Rolled Automotive Aluminum Market, By Region, 2014-2026 (Thousand Metric Tons)
Table 14 Rolled Automotive Aluminum Market, By Region, 2014-2026 (USD Billion)
Table 15 Extruded Automotive Aluminum Market, By Region, 2014-2026 (Thousand Metric Tons)
Table 16 Extruded Automotive Aluminum Market, By Region, 2014-2026 (USD Billion)
Table 17 Automotive Aluminum Market: By Vehicle Type, 2014-2026 (Thousand Metric Tons)
Table 18 Automotive Aluminum Market: By Vehicle Type, 2014-2026 (USD Billion)
Table 19 Automotive Aluminum Market for Passenger Cars, By Region, 2014-2026 (Thousand Metric Tons)
Table 20 Automotive Aluminum Market for Passenger Cars, By Region, 2014-2026 (USD Billion)
Table 21 Automotive Aluminum Market for LCVs, By Region, 2014-2026 (Thousand Metric Tons)
Table 22 Automotive Aluminum Market for LCVs, By Region, 2014-2026 (USD Billion)
Table 23 Automotive Aluminum Market for HCVs, By Region, 2014-2026 (Thousand Metric Tons)
Table 24 Automotive Aluminum Market for HCVs, By Region, 2014-2026 (USD Billion)
Table 25 Automotive Aluminum Market, By Application, 2014-2026 (Thousand Metric Tons)
Table 26 Automotive Aluminum Market, By Application, 2014-2026 (USD Billion)
Table 27 Automotive Aluminum Market for Powertrain, By Region, 2014-2026 (Thousand Metric Tons)
Table 28 Automotive Aluminum Market for Powertrain, By Region, 2014-2026 (USD Billion)
Table 29 Automotive Aluminum Market for Chassis & Suspension, By Region, 2014-2026 (Thousand Metric Tons)
Table 30 Automotive Aluminum Market for Chassis & Suspension, By Region, 2014-2026 (USD Billion)
Table 31 Automotive Aluminum Market for Car Body, By Region, 2014-2026 (Thousand Metric Tons)
Table 32 Automotive Aluminum Market for Car Body, By Region, 2014-2026 (USD Billion)
Table 33 Automotive Aluminum Market, By Region, 2014-2026 (Thousand Metric Tons)
Table 34 Automotive Aluminum Market, By Region, 2014-2026 (USD Billion)
Table 35 North America Automotive Aluminum Market, By Country, 2014-2026 (Thousand Metric Tons)
Table 36 North America Automotive Aluminum Market, By Country, 2014-2026 (USD Billion)
Table 37 North America Automotive Aluminum Market, By Application, 2014-2026 (Thousand Metric Tons)
Table 38 North America Automotive Aluminum Market, By Application, 2014-2026 (USD Billion)
Table 39 North America Automotive Aluminum Market, By Vehicle Type, 2014-2026 (Thousand Metric Tons)
Table 40 North America Automotive Aluminum Market, By Vehicle Type, 2014-2026 (USD Billion)
Table 41 North America Automotive Aluminum Market, By Product Form, 2014-2026 (Thousand Metric Tons)
Table 42 North America Automotive Aluminum Market, By Product Form, 2014-2026 (USD Billion)
Table 43 Asia-Pacific Automotive Aluminum Market, By Country, 2014-2026 (Thousand Metric Tons)
Table 44 Asia-Pacific Automotive Aluminum Market, By Country, 2014-2026 (USD Billion)
Table 45 Asia-Pacific Automotive Aluminum Market, By Application, 2014-2026 (Thousand Metric Tons)
Table 46 Asia-Pacific Automotive Aluminum Market, By Application, 2014-2026 (USD Billion)
Table 47 Asia-Pacific Automotive Aluminum Market, By Vehicle Type, 2014-2026 (Thousand Metric Tons)
Table 48 Asia-Pacific Automotive Aluminum Market, By Vehicle Type, 2014-2026 (USD Billion)
Table 49 Asia-Pacific Automotive Aluminum Market, By Product Form, 2014-2026 (Thousand Metric Tons)
Table 50 Asia-Pacific Automotive Aluminum Market, By Product Form, 2014-2026 (USD Billion)
Table 51 Europe Automotive Aluminum Market, By Country, 2014-2026 (Thousand Metric Tons)
Table 52 Europe Automotive Aluminum Market, By Country, 2014-2026 (USD Billion)
Table 53 Europe Automotive Aluminum Market, By Application, 2014-2026 (Thousand Metric Tons)
Table 54 Europe Automotive Aluminum Market, By Application, 2014-2026 (USD Billion)
Table 55 Europe Automotive Aluminum Market, By Vehicle Type, 2014-2026 (Thousand Metric Tons)
Table 56 Europe Automotive Aluminum Market, By Vehicle Type, 2014-2026 (USD Billion)
Table 57 Europe Automotive Aluminum Market, By Product Form, 2014-2026 (Thousand Metric Tons)
Table 58 Europe Automotive Aluminum Market, By Product Form, 2014-2026 (USD Billion)
Table 59 Middle East & Africa Automotive Aluminum Market, By Country, 2014-2026 (Thousand Metric Tons)
Table 60 Middle East & Africa Automotive Aluminum Market, By Country, 2014-2026 (USD Billion)
Table 61 Middle East & Africa Automotive Aluminum Market, By Application, 2014-2026 (Thousand Metric Tons)
Table 62 Middle East & Africa Automotive Aluminum Market, By Application, 2014-2026 (USD Billion)
Table 63 Middle East & Africa Automotive Aluminum Market, By Vehicle Type, 2014-2026 (Thousand Metric Tons)
Table 64 Middle East & Africa Automotive Aluminum Market, By Vehicle Type, 2014-2026 (USD Billion)
Table 65 Middle East & Africa Automotive Aluminum Market, By Product Form, 2014-2026 (Thousand Metric Tons)
Table 66 Middle East & Africa Automotive Aluminum Market, By Product Form, 2014-2026 (USD Billion)
Table 67 Latin America Automotive Aluminum Market, By Country, 2014-2026 (Thousand Metric Tons)
Table 68 Latin America Automotive Aluminum Market, By Country, 2014-2026 (USD Billion)
Table 69 Latin America Automotive Aluminum Market, By Application, 2014-2026 (Thousand Metric Tons)
Table 70 Latin America Automotive Aluminum Market, By Application, 2014-2026 (USD Billion)
Table 71 Latin America Automotive Aluminum Market, By Vehicle Type, 2014-2026 (Thousand Metric Tons)
Table 72 Latin America Automotive Aluminum Market, By Vehicle Type, 2014-2026 (USD Billion)
Table 73 Latin America Automotive Aluminum Market, By Product Form, 2014-2026 (Thousand Metric Tons)
Table 74 Latin America Automotive Aluminum Market, By Product Form, 2014-2026 (USD Billion)
Table 75 Expansions, 2013-2015
Table 76 New Product Launches, 2014-2015
Table 77 Supply Contracts, 2014-2015
Table 78 Joint Ventures, 2012-2015
Table 79 Mergers & Acquisitions, 2013-2015
Table 80 Agreements, 2014-2015
Table 81 Partnerships, 2015

List of Figures:
Figure 1 Automotive Aluminum Market: Research Design
Figure 2 Breakdown of Primary Interviews, By Company, Designation, and Region
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Powertrain Application Segment Projected to Lead the Automotive Aluminum Market Between 2016 and 2021
Figure 6 Rolled Aluminum Segment is Projected to Grow at the Highest Cagr Between 2016 and 2021
Figure 7 Automotive Aluminum Market, By Region, 2015
Figure 8 North America to Grow at the Highest Cagr Between 2016 and 2021
Figure 9 Increasing Use of Aluminum in Car Body Projected to Drive the Market During the Forecast Period
Figure 10 Rolled Aluminum Segment Projected to Grow at the Highest Cagr Between 2016 and 2021
Figure 11 Passenger Car Segment Accounted for the Largest Share of the Automotive Aluminum Market in 2015
Figure 12 Canada to Grow at the Highest Cagr Between 2016 and 2021
Figure 13 Passenger Car Segment Estimated to Account for the Largest Share of the Automotive Aluminum Market in 2016
Figure 14 Developing Nations to Grow at a Higher Cagr Between 2016 and 2021
Figure 15 Weight Reduction to Improve Vehicle Efficiency is a Major Driver for the Automotive uminumAl Market
Figure 16 Growing Vehicle Production, By Region
Figure 17 Europe: Increasing Average Weight of Passenger Cars vs Co2 Emissions
Figure 18 Automotive Aluminum: Cost Structure Analysis
Figure 19 Revenue Pocket Matrix: Automotive Aluminum Market, By Product Form, 2015
Figure 20 Revenue Pocket Matrix: Automotive Aluminum Market, By Application, 2015
Figure 21 Gross Domestic Product (Gdp) vs. Total Vehicle Sales
Figure 22 Urbanization vs. Passenger Cars Per 1000 People
Figure 23 Automotive Aluminum Market, By Product Form, 2016 & 2021 (USD Billion)
Figure 24 Automotive Aluminum Market: Passenger Car Segment Estimated to Hold the Largest Share
Figure 25 Automotive Aluminum Market for Passenger Cars: North America Estimated to Be the Dominant Market During the Forecast Period
Figure 26 Automotive Aluminum Market for LCV: North America Estimated to Be the Dominant Market During the Forecast Period
Figure 27 Automotive Aluminum Market for HCV: North America Estimated to Dominate the Market During the Forecast Period
Figure 28 Automotive Aluminum Market, By Application, 2016 & 2021 (USD Million)
Figure 29 Automotive Aluminum Market: Regional Snapshot (2016-2021)
Figure 30 North America Automotive Aluminum Market Snapshot
Figure 31 U.S. Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 32 Mexico Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 33 Canada Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 34 Asia-Pacific Automotive Aluminum Market Snapshot
Figure 35 China Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 36 Japan Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 37 India Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 38 South Korea Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 39 Rest of Asia-Pacific Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 40 Europe Automotive Aluminum Market Snapshot
Figure 41 Germany Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 42 Italy Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 43 Spain Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 44 France Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 45 U.K. Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 46 Switzerland Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 47 Russia Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 48 Rest of Europe Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 49 Saudi Arabia Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 50 South Africa Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 51 Rest of Middle East & Africa Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 52 Brazil Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 53 Argentina Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 54 Rest of Latin America Automotive Aluminum Market, 2016 & 2021 (USD Billion)
Figure 55 Automotive Aluminum Market: Company Share Analysis, 2015 (%)
Figure 56 Expansion Was the Key Growth Strategy Adopted By the Companies
Figure 57 Novelis, Inc.: Company Snapshot
Figure 58 Novelis, Inc.: SWOT Analysis
Figure 59 Alcoa Inc.: Company Snapshot
Figure 60 Alcoa Inc.: SWOT Analysis
Figure 61 Constellium N.V.: Company Snapshot
Figure 62 Amg Advanced Metallurgical Group: Company Snapshot
Figure 63 Uacj Corporation: Company Snapshot
Figure 64 Norsk Hydro Asa: Company Snapshot
Figure 65 Norsk Hydro Asa: SWOT Analysis
Figure 66 Rio Tinto: Company Snapshot
Figure 67 Aluminum Corporation of China Limited: Company Snapshot
Figure 68 Autoneum Holding Ag: Company Snapshot
Figure 69 Autoneum Holdings Ag: SWOT Analysis
Figure 70 Federal Mogul Holding Corporation: Company Snapshot
Figure 71 Federal Mogul Holding Corporation: SWOT Analysis
Figure 72 Dana Holding Corporation: Company Snapshot
Figure 73 Dana Holding Corporation: SWOT Analysis
Figure 74 Elringklinger Ag: Company Snapshot
Figure 75 Elringklinger Ag: SWOT Analysis
Figure 76 Progress-Werk Oberkirch Ag: Company Snapshot
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Alcoa Inc. (Arconic Inc.)
  • Aleris
  • Autoneum Holding AG
  • Constellium N.V.
  • Dana Holding Corporation
  • Elringklinger AG
  • MORE

The automotive aluminum market is projected to grow from USD 47.91 Billion in 2016 to USD 111.80 Billion by 2026, at a CAGR of 8.8% from 2016 to 2026. Increased demand for lightweight and efficient materials from the automotive industry is fueling the demand for automotive aluminum as it not only reduces weight of automobile components, but also of the complete body of automobiles by up to 50%.

The powertrain application segment led the automotive aluminum market in 2016, in terms of value. The growth of the powertrain application segment of the automotive aluminum market can be attributed to increased use of aluminum in automotive manufacturing in the North American and Asia-Pacific regions.

Among product forms, the cast aluminum segment accounted for the largest share of the automotive aluminum market in 2016. The growth of this segment of the automotive aluminum market can be attributed to increasing demand for lightweight components made of cast aluminum for engines and powertrains that improve both, fuel efficiency as well as overall dynamics of vehicles.

The North American region accounted for the largest share of the automotive aluminum market in 2016. The growth of the North America automotive aluminum market can be attributed to implementation of Corporate Average Fuel Economy (CAFE) standards in the region, which mandate automobile companies to strive for fuel efficiency of 27.5 miles per gallon (mpg) for cars and 23.5 miles per gallon (mpg) for trucks by 2016 and 37.8 miles per gallon for cars (mpg) and 28.8 miles per gallon (mpg) for trucks within the next few years. Thus, automobile companies in the North American region prefer aluminum over steel as it helps to achieve improved aerodynamics and reduces weight of vehicles, thereby resulting in fuel savings.

The factor inhibiting the growth of the automotive aluminum market is higher manufacturing cost of aluminum as compared to steel. Key market players operating in the automotive aluminum market, such as Alcoa Inc./Arconic Inc. (U.S.), Novelis Inc. (U.S.), UACJ Corporation (Japan), Norsk Hydro ASA (Norway), AMG Advanced Metallurgical Group (Netherlands), Constellium N.V. (Netherlands), CHALCO (China), and Rio Tinto (U.K.), among others have adopted various strategies to increase their market shares and strengthen their position in the market. New product launches, expansions, acquisitions, and agreements are some of the key strategies adopted by market players to achieve growth in the automotive aluminum market.

Note: Product cover images may vary from those shown
5 of 5
  • Alcoa Inc. (Arconic Inc.)
  • Aleris
  • Aluminum Corporation of China Limited
  • Amg Advanced Metallurgical Group
  • Autoneum Holding AG
  • Constellium N.V.
  • Dana Holding Corporation
  • Elringklinger AG
  • Federal-Mogul Holding Corporation
  • Norsk Hydro Asa
  • Novelis, Inc.
  • Progress-Werk Oberkirch AG
  • Rio Tinto
  • Thermotec Automotive Products
  • Uacj Corporation
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll