Automotive Aluminum Alloy Market (By Vehicle - Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Others; By Application - Powertrain, Structural, Exterior, Others) - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Published | Pages : 150

Introduction

Aluminum is one of the most widely used in the manufacturing of the various frames and parts for automotive vehicles. It is obtained from bauxite and is one of the most preferred material in various sectors. In pure form aluminum does not possesses high tensile strength but addition of alloying elements gives it high tensile strength. Being versatile in nature they are widely used in the manufacturing of the automotive parts in cold climate. Among all aluminum is much cheaper than the other available alternatives which makes it an ideal choice of material.

Market Dynamics

The major driving factor for the market is increasing demand for the automotive vehicles, light weight of the material, and increasing demand for the better material for the manufacturing. Aluminum can work in cold environments also and its tensile strength increases in cold temperatures which has led to increase the demand for the material in cold environment. Being lighter than copper and steel it helps in less fuel consumption. All this above factor will be led to boost the growth of the market during the forecasted period. Additionally, the properties like excellent corrosion resistance, durability, toughness, electrical conductivity and thermal conductivity will help in supporting the growth of the market.

However, the is fluctuation of prices in raw materials can significantly restrain the growth of the market.

Market Classification and Overview

The global automotive aluminum alloy market is segmented into types of vehicles and application. On the basis of type of vehicle, the global automotive aluminum alloys market segmented into passenger car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), and others. On the basis of application, the global automotive aluminum alloys market is segmented into Powertrain, Structural, Exterior and others.

Regional Overview

Geographically, the market is bifurcated into four major regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

APAC is expected to dominate the market owing to the increasing production capacity of automotive components, especially, in the countries such as Japan, Korea, and China. Additionally, rapid development in urbanization and increasing buying power have led to increase the demand for commercial vehicles, which in turn affected the growth of the market positively.

North America is expected to hold the handsome share owing to the increasing demand for the aluminum alloy from automotive sectors, well developed automotive sector, and increasing government support. Increasing focus on fuel efficiency and forcing the manufacturers to meet the consumers demand has made the vehicles lighter and safe is also boosting the market in North America.

In Europe, availability of large investments by European automobile companies and presence of huge players is driving the market. However, LAMEA is expected to have the steady growth owing to the limited development in automotive sector. The Middle East region holds the major share in the market owing to the high spending power and huge demand for the automotive aluminum alloy.

Report Coverage

Market

Automotive Aluminum Alloy Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Vehicle, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

The market comprises of some of the major players such as Aalco Metals Limited, United Aluminum, Hydro, RUSAL, Atlas Steels, AlcoTec Wire Corporation, Borbet, ELVAL, Wilsons Ltd, Ronal Wheels, Comet Metals, Stena Aluminium.

Market Segmentation

Market by Vehicle

  • Passenger Car
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)
  • Others

Market by Application

  • Powertrain
  • Structural
  • Exterior
  • Others

Market by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA


Related Reports

Car Rental Market (By Booking Type: Online Access, Offline Access; By Application Type: Leisure/Tourism and Business; By Vehicle Type: Economy/Budget Cars, Luxury/Premium Car) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global car rental market size is expected to reach over USD 187.5 billion by 2026 and is expected to grow at a CAGR of 13.7% during the forecast period, 2019–2026. During last few years, the trend of the car and automotive buying has changed the scenario. Rental cars have got the traction during last few years. Car rental service provides car and automobiles on rent for limited and small

Electric Vehicle Market (By Type: Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle; By Application: Two-Wheeler, Passenger Cars, and Commercial Cars) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global electric vehicle market is expected to grow at CAGR 25.6% during the forecast period, 2019-2026 and will reach over USD 568.2 Billion by 2026. Electric vehicle also knows as electric motor or EV, is a vehicle that uses electric motor for propulsion. Some of the common electric vehicles are electric car, electric truck, electric train, electric airplanes, electric lorries, electric boats,

Electric Vehicle Charging Station Market (By Type of Charger: AC Charging Station and DC Charging Station; By Power Output: <11 kW, 11kW-50 kW, >50 kW; By End Use: Private Type and Public Type; By Supplier Type: OE Charging Station and Private Charging Station) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global electric vehicle charging station market is expected to grow at CAGR 40.5% during the forecast period, 2019-2026 and will reach over USD 30.8 Billion by 2026. Electric vehicle charging stations is known with multiple names including electric vehicle charging point, electric recharging point is an infrastructural point that is known for supplying electric energy to the electric vehicle. T

Automotive OLED Market (By Location: Interior OLEDs, exterior OLEDs; By Structure: Transparent OLEDs, Graded Hetero-Junction OLEDs, Stacked OLEDs, Inverted OLEDs; By Vehicles Type: Passenger Vehicles (PV), Commercial Vehicles (CV)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive OLED market size is expected to reach over USD 5.1 billion by 2026 and is expected to grow at CAGR 16.5% during the forecast period, 2019-2026. Automotive OLED (Organic Light-Emitting Diode) is the film of organic compound that emits light in response to an electric current. It is an advanced type of the automotive lighting. The global Automotive OLED market is growing at sign

Automotive Filter Market (By Type: Air Filter, Fuel Filter, Oil Filter, Emission Filter; By Sales: OES, OEM, IAM, Aftermarket; By Application: LCV, Passenger Vehicle (PV), HCV, 2-wheeler) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive filter market size is expected to reach over 29.6 USD Billion by 2026 and is expected to grow at a CAGR of 3.5% during the forecast period, 2019–2026. Automotive Filter is used in the filtration of the petrol, oil and air excused in the automotive vehicles. During last few years there is a significant increase in the number of the automotive vehicles across the globe which has boosted the demand for the automotive filter across

Automotive LiDAR Market (By Type: mechanical automotive, solid-state automotive; By Application: robo-taxis, Advanced driver-assistance systems (ADAS), autonomous vehicles) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive LiDAR market size is expected to reach USD 2.9 billion by 2026, at a significant rate of 27.1% during the forecasted period 2019 to 2026. Light Detection and Ranging (LiDAR) is a remote sensing technology that uses light to map an environment. Light reflected from the various objects is detected at the sensor, which in turn helps in measuring the distance between the objects. In today’s world, the LiDAR technology is used in ma

Cart Summary