PUBLISHER: Lucintel | PRODUCT CODE: 1154062
PUBLISHER: Lucintel | PRODUCT CODE: 1154062
Aluminum in the Global Automotive Market Trends and Forecast
The future of aluminum in the global automotive market looks promising with opportunities in the passenger cars and commercial vehicles market. Aluminum in the global automotive market is expected to grow at a CAGR of 8.0% from 2021 to 2027. The major drivers for this market are increasing vehicle production, government regulations on the fuel economy and emission controls, increasing stringent safety regulations, and increasing gasoline prices.
Emerging Trends of Aluminum in the Global Automotive Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of aluminum in chassis and structural applications and development of advance manufacturing technologies to enhance the material strength.
A total of 151 figures / charts and 124 tables are provided in this 235-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of aluminum in the global automotive market report.
Aluminum in the Global Automotive Industry by Segments
Lucintel forecasts that cast aluminum in the global automotive industry will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for aluminum in the global automotive market by vehicle type, product form, application type, and region, as follows:
Aluminum in the Global Automotive Industry by Vehicle type [Value ($ Million) and Volume (kilo tons) from 2016 to 2027]:
Aluminum in the Global Automotive Industry by Product Forms (Value $ Million from 2016 to 2027):
Aluminum in the Global Automotive Industry by Application type (Value $ Million from 2016 to 2027):
Aluminum in the Global Automotive Industry by Region [Value ($ Million) and Volume (kilo tons) from 2016 to 2027]:
List of Aluminum Companies in the Global Automotive Industry
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aluminum in the global automotive companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of aluminum in the global automotive companies profiled in this report includes.
Aluminum in the Global Automotive Industry Insights
Features of Aluminum in the Global Automotive Market
FAQ
Q1. What is the aluminum in the global automotive market size?
Answer: Aluminum in the global automotive market is expected to reach an estimated $47.4 billion by 2027.
Q2. What is the growth forecast for aluminum in the global automotive market?
Answer: Aluminum in the global automotive market is expected to grow at a CAGR of 8.0% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of aluminum in the global automotive market?
Answer: The major drivers for this market are increasing vehicle production, government regulations on the fuel economy and emission controls, increasing stringent safety regulations, and increasing gasoline prices.
Q4. What are the major vehicle type or end use industries for aluminum in the global automotive?
Answer: Passenger car is the major segment by vehicle type for aluminum in the global automotive.
Q5. What are the emerging trends of aluminum in the global automotive market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of aluminum in chassis and structural applications and development of advance manufacturing technologies to enhance the material strength.
Q6. Who are the key aluminum companies in the global automotive market?
Answer: Some of the key aluminum companies in the global automotive market are as follows:
Q7. Which product segment of aluminum in the global automotive will be the largest in future?
Answer: Lucintel forecasts that casting aluminum in the global automotive will remain the largest segment, and it is also expected to witness the highest growth over the forecast period as it is a simple, inexpensive, and versatile way of forming aluminum into a wide array of products, which is expected to spur growth over the forecast period.
Q8 : In aluminum in the global automotive market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific will remain the largest region due to high vehicle production, improving economic conditions, and increasing investments by the industry players within the APAC region. Europe is expected to witness the highest growth over the forecast period because of stringent government regulations toward carbon emissions and increasing demand for aluminum in SUVs & crossovers, small cars, and compact cars.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.