Automotive Aluminium Alloy Market By Size, Share, Trends, Growth, Forecast 2028

Report Description

Global automotive aluminium alloy market is expected to register strong growth during the forecast period, owing to increasing vehicle production and technological advancements. Automobile manufacturers are focusing on reducing vehicle weight by using aluminium in the body and various parts of vehicles. Use of aluminium lowers vehicle weight, thus improving its efficiency and stability. As a result, employment of aluminium alloy in vehicle parts such as closures, chassis and wheels are increasing.

Based on product form, global automotive aluminium alloy market has been segmented into cast aluminium, rolled aluminium and extruded aluminium. The demand for cast aluminium is increasing and the trend is likely to continue in the coming years, owing to growing demand for lightweight components, such as engines and powertrain, which can be made with cast aluminium. Based on vehicle type, global automotive aluminium alloy market has been categorized into passenger car, light commercial vehicle (LCV) and medium & commercial vehicle (M&HCV) segments. Passenger car segment accounted for the largest market share in 2022 and is anticipated to maintain its market dominance during the forecast period. Automotive aluminium alloy is used for various applications including engine components, wheels, body parts and others. Wheel segment is expected to register growth, owing to its use in providing better acceleration and comfort. Lightweight vehicles reduce the hammering effect on the road and increase comfort.

Automotive aluminium alloy market is gaining traction across the globe, backed by strict government regulations aimed at curbing environmental pollution. Globally, Asia-Pacific automotive aluminium alloy market is anticipated to account for the dominating position during forecast period, as Asian economies such as China and India are working towards achieving Euro 6 emission norms. The demand for automotive aluminium alloy is expected to increase in the Europe region due to technological advancements and increasing traction of electric vehicles.

Some of the major players operating in global automotive aluminium alloy market are ALERIS Corporation, Magna International Inc., AUSTEM Company Ltd., Bharat Forge Limited, Constellium N.V., Flex-N-Gate Corporation, Gordon Auto Body Parts Co., Ltd., KIRCHHOFF Automotive GmbH, Nanshan Group, Norsk Hydro ASA andUACJ Corporation. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study:

To analyze and forecast global automotive aluminium alloy market size.
To classify and forecast global automotive aluminium alloy market based on product form, vehicle type, application and regional distribution.
To identify drivers and challenges for global automotive aluminium alloy market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive aluminium alloy market.
To conduct the pricing analysis for global automotive aluminium alloy market.
To identify and analyze the profile of leading players operating in global automotive aluminium alloy market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.

TechSci Research calculated global automotive aluminium alloy market size using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Product Form · Vehicle Type · Application
Regional Scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country Scope	United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt
Key Companies Profiled	Alcoa wheels, CM wheels, RUSAL, Atlas Steels, Ronal Wheels, ENKEI, Borbet, Hydro, ELVAL, Superior Industries
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Target Audience:

Automotive aluminium alloy manufacturers and other stakeholders
Government bodies such as regulating authorities and policymakers
Organizations, forums and alliances related to automotive aluminium alloy market
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, global automotive aluminium alloy market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Automotive Aluminum Alloy Market, by Product Form:

Cast Aluminium
Rolled Aluminium
Extruded Aluminium

Global Automotive Aluminum Alloy Market, by Vehicle Type:

Passenger Car
Light Commercial Vehicle (LCV)
Medium & Heavy Commercial Vehicle (M&HCV)

Global Automotive Aluminum Alloy Market, by Application:

Engine Component
Wheels
Body Parts
Others

Global Automotive Aluminum Alloy Market, by Region:

Asia-Pacific

China
India
Japan
South Korea
Thailand

Europe

Germany
United Kingdom
France
Spain
Italy

North America

United States
Mexico
Canada

Middle East & Africa

South Africa
Saudi Arabia
UAE

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global automotive aluminium alloy market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Automotive Aluminium Alloy Market

4. Executive Summary

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Product Pricing

5.3. Challenges and Unmet Needs

5.4. Issues Faced Post Purchase

6. Global Automotive Aluminium Alloy Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Product Form (Cast Aluminium, Rolled Aluminium and Extruded Aluminium)

6.2.2. By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV) and Medium & Heavy Commercial Vehicle (M&HCV))

6.2.3. By Application (Engine Component, Wheels, Body Parts and Others)

6.2.4. By Company (2022)

6.2.5. By Region

6.3. Market Attractiveness Index

7. Asia-Pacific Automotive Aluminium Alloy Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Product Form

7.2.2. By Vehicle Type

7.2.3. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Automotive Aluminium Alloy Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Form

7.3.1.2.2. By Vehicle Type

7.3.2. India Automotive Aluminium Alloy Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Form

7.3.2.2.2. By Vehicle Type

7.3.3. Japan Automotive Aluminium Alloy Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Form

7.3.3.2.2. By Vehicle Type

7.3.4. South Korea Automotive Aluminium Alloy Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value & Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product Form

7.3.4.2.2. By Vehicle Type

7.3.5. Thailand Automotive Aluminium Alloy Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value & Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product Form

7.3.5.2.2. By Vehicle Type

8. Europe Automotive Aluminium Alloy Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Product Form

8.2.2. By Vehicle Type

8.2.3. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Automotive Aluminium Alloy Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Form

8.3.1.2.2. By Vehicle Type

8.3.2. United Kingdom Automotive Aluminium Alloy Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Form

8.3.2.2.2. By Vehicle Type

8.3.3. France Automotive Aluminium Alloy Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value & Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Form

8.3.3.2.2. By Vehicle Type

8.3.4. Spian Automotive Aluminium Alloy Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value & Volume

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product Form

8.3.4.2.2. By Vehicle Type

8.3.5. Italy Automotive Aluminium Alloy Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value & Volume

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product Form

8.3.5.2.2. By Vehicle Type

9. North America Automotive Aluminium Alloy Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Product Form

9.2.2. By Vehicle Type

9.2.3. By Country

9.3. North America: Country Analysis

9.3.1. United States Automotive Aluminium Alloy Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Form

9.3.1.2.2. By Vehicle Type

9.3.2. Mexico Automotive Aluminium Alloy Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Form

9.3.2.2.2. By Vehicle Type

9.3.3. Canada Automotive Aluminium Alloy Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Form

9.3.3.2.2. By Vehicle Type

10. Middle East & Africa Automotive Aluminium Alloy Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Product Form

10.2.2. By Vehicle Type

10.2.3. By Country

10.3. MEA: Country Analysis

10.3.1. South Africa Automotive Aluminium Alloy Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value & Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Form

10.3.1.2.2. By Vehicle Type

10.3.2. South Arabia Automotive Aluminium Alloy Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value & Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Form

10.3.2.2.2. By Vehicle Type

10.3.3. UAE Automotive Aluminium Alloy Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value & Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Form

10.3.3.2.2. By Vehicle Type

11. South America Automotive Aluminium Alloy Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Product Form

11.2.2. By Vehicle Type

11.2.3. By Country

11.3. South America: Country Analysis

11.3.1. Brazil Automotive Aluminium Alloy Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value & Volume

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Product Form

11.3.1.2.2. By Vehicle Type

11.3.2. Argentina Automotive Aluminium Alloy Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value & Volume

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Product Form

11.3.2.2.2. By Vehicle Type

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. ALERIS Corporation

14.2. Magna International Inc.

14.3. AUSTEM Company Ltd.

14.4. Bharat Forge Limited

14.5. Constellium N.V.

14.6. Flex-N-Gate Corporation

14.7. Gordon Auto Body Parts Co., Ltd.

14.8. KIRCHHOFF Automotive GmbH

14.9. Nanshan Group

14.10. Norsk Hydro ASA

14.11. UACJ Corporation

15. Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

What are the primary drivers of the global automotive aluminum alloy market?

An increase in vehicle production and sales across the globe and the growing demand for lightweight vehicles are driving the global automotive aluminum alloy market growth.

What are the prominent market players of the global automotive aluminum alloy market?

ALERIS Corporation, Magna International Inc., AUSTEM Company Ltd., Bharat Forge Limited, Constellium N.V., Flex-N-Gate Corporation, Gordon Auto Body Parts Co., Ltd., KIRCHHOFF Automotive GmbH, Nanshan Group, Norsk Hydro ASA, UACJ Corporation are the major players operating in the global automotive aluminum alloy market.

What product form is expected to dominate the market in the forecast period?

Cast aluminum is projected to account for a substantial market share in the forecast period due to the high demand for lightweight components, such as engines and powertrains.

Which region is expected to lead the growth in the forecast period?

The Asia-pacific region is projected to hold the largest market share in the next five years due to rapid industrialization and the increase in sales and production of passenger and commercial vehicles in developing countries like India, Indonesia, China, and other countries.

Global Automotive Aluminium Alloy Market By Product Form (Cast Aluminium, Rolled Aluminium and Extruded Aluminium), By Vehicle Type (Passenger Car, LCV and M&HCV), By Application, By Region, Competition, Forecast & Opportunities, 2018-2028

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