The latest market report published by Credence Research, Inc. is “Global Automotive Aluminum Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028″. The Global Automotive Aluminum Market generated around USD 71.2 billion in 2021 and is anticipated to grow a CAGR of over 8.50 % during the forecast period from 2022 to 2028 to reach around USD 116.16 billion in 2028. At the same time, the cumulative growth opportunity presented by the global Automotive Aluminum is around USD 44.96 billion from 2022 to 2028.
The primary factors driving the market’s growth rate are advancements in driving dynamics, the increased demand for electric vehicles, and the adoption of new technologies that will provide comfort and safety during the forecast period, which is anticipated to temper industry growth. The expansion of laws and regulations managing emissions and fuel economy. Throughout the projected period, the increased demand for electric vehicles and the adoption of innovative systems that provide comfort and safety will likely restrain market growth for automotive Aluminum, further opening the door for market expansion. Additionally, it is projected that the widespread usage of this material because of its high strength, thermal and electrical conductivity, recyclability, and corrosion resistance may restrain the market’s overall growth. Furthermore, implementing government regulations promoting the development of vehicles that lower greenhouse gas emissions, thus lessening the carbon footprint of automobiles, is favorably affecting market expansion. Additional factors are expected to propel the business, including rising consumer disposable income and significant research and development (R&D) efforts.
Automotive Aluminium Market Scope
Report Attribute
Details
Market Value in 2021
USD 71.2 billion
Market Value in 2028
USD 116.16 million
CAGR
8.50%
Benchmarking Year
2021
Past data
2016 – 2021
Forecast period
2022 – 2028
Browse full report – https://www.credenceresearch.com/report/automotive-aluminium-market
The global Automotive Aluminum market is bifurcated into Application, Product Form, Vehicle Type, and Geography. Based on application, the market is categorized into powertrain, chassis & suspension, and car body. Based on product form, the global market is segmented into cast aluminum, rolled Aluminum, and extruded Aluminum. Based on the vehicle type, the market is bifurcated into Passenger Car, LCV, and HCV. By sales channel, the market is categorized into direct sales, hypermarkets/supermarkets, convenience stores, specialty retail stores, traditional grocery stores, and online retailers. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.
Segmentation of Global Automotive Aluminium Market-
Global Automotive Aluminium Market – By Application
Global Automotive Aluminium Market – By Product Form
Global Automotive Aluminium Market – By Vehicle
Why to Buy This Report-
Table Of Content:
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Automotive Aluminium Market
3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Automotive Aluminium Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Application
3.3.2. Product Form
3.3.3. Vehicle
3.3.4. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis
4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Competitive Benchmarking
4.3. Geographical Presence Analysis
4.4. Major Strategies Adopted by Key Players
4.4.1. Key Strategies Analysis
4.4.2. Mergers and Acquisitions
4.4.3. Partnerships
4.4.4. Product Launch
4.4.5. Geographical Expansion
4.4.6. Others
5. COVID 19 Impact Analysis
5.1. Global Automotive Aluminium Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply
6. North America
6.1. North America Automotive Aluminium Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Automotive Aluminium Market, by Application, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Powertrain
6.2.3. Chassis & Suspension
6.2.4. Car Body
6.3. North America Automotive Aluminium Market, by Product Form, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Cast Aluminium
6.3.3. Rolled Aluminium
6.3.4. Extruded Aluminium
6.4. North America Automotive Aluminium Market, by Vehicle, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. Passenger Car
6.4.3. LCV
6.4.4. HCV
7. Europe
7.1. Europe Automotive Aluminium Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Automotive Aluminium Market, by Application, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Powertrain
7.2.3. Chassis & Suspension
7.2.4. Car Body
7.3. Europe Automotive Aluminium Market, by Product Form, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Cast Aluminium
7.3.3. Rolled Aluminium
7.3.4. Extruded Aluminium
7.4. Europe Automotive Aluminium Market, by Vehicle, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Passenger Car
7.4.3. LCV
7.4.4. HCV
8. Asia Pacific
……..
9. Latin America
10. Middle East
…….
11. Africa
12. Global
12.1. Global Automotive Aluminium Market, by Application, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Powertrain
12.1.3. Chassis & Suspension
12.1.4. Car Body
12.2. Global Automotive Aluminium Market, by Product Form, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Cast Aluminium
12.2.3. Rolled Aluminium
12.2.4. Extruded Aluminium
12.3. Global Automotive Aluminium Market, by Vehicle, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. Passenger Car
12.3.3. LCV
12.3.4. HCV
13. Company Profiles
13.1. Alcoa Inc.
13.2. Arconic Inc.
13.3. CHALCO
13.4. UACJ Corporation
13.5. Norsk Hydro
13.6. ASA
13.7. AMG Advanced Metallurgical Group
13.8. Constellium N.V.
13.9. Novelis Inc.
13.10. Rio Tinto.
Request Sample to learn more about the regional analysis of this market- https://www.credenceresearch.com/report/automotive-aluminium-market
About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Top selling reports @ Credence Research-
Instant print camera market– Growth, Future Prospects & Competitive Analysis, 2018 – 2026: The Instant print camera market worldwide is expected to grow with a CAGR of 2.4% during the forecast period from 2019 to 2027, starting from US$ 0.96 Bn in 2018.
Antihistamines Market– Growth, Share, Opportunities & Competitive Analysis, 2016 – 2028: In 2021, the global Antihistamines market was valued at USD 215.9 Million and is projected to reach the value of USD 371.2 million by 2028.
Media ContactCompany Name: Credence ResearchContact Person: Chris SmithEmail: Send EmailPhone: 18003618290City: SAN JOSEState: CACountry: United StatesWebsite: https://www.credenceresearch.com/