Automotive Aluminum Market By Form (Sheet, Plate, Bar, Tube, Others) , By Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Car, Others) By Application (Hood, Pillars, Hinges, Motors, Sunroof Railings, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

September 2024 | 340 pages | ID: A1E9FB745AB0EN
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Automotive Aluminum Market

The automotive aluminum market was valued at $26.2 billion in 2023 and is projected to reach $60.6 billion by 2033, growing at a CAGR of 8.7% from 2024 to 2033.

Automotive aluminum is a versatile, lightweight material used for the manufacturing of various parts of vehicles. It is used to form different types of alloys that exhibit diverse physical properties. Alloy formation contributes to the versatility of automotive aluminum as different alloys are used for the formation of different auto parts of vehicles. Furthermore, aluminum assists in reducing the environmental impact of automotives as light vehicles require less energy for movement.

Global inclination toward reducing carbon emissions and enhancing fuel efficiency of vehicles is a key driver of the automotive aluminum market. In addition, aluminum retains a natural resistance toward corrosion, making it a preferred material for automotives owing to low maintenance requirements and extended vehicle lifespan. Furthermore, flexibility of the metal to be molded into complex shapes augments the development of the automotive aluminum market. To enhance the sustainability of automotive aluminum, the establishment of innovative sorting and recycling infrastructure is trending in the market. Manufacturers are focusing on designing parts and elements that are easy to disassemble for recycling or repurposing. This initiative is promoting the adoption of circular economy in the automotive industry.

However, the high cost of extracting and designing aluminum as compared to other elements such as steel acts as a restraint for the automotive aluminum market. Moreover, lack of automotive aluminum to match the durability and strength of steel in certain applications hampers the market development. On the contrary, upsurge in demand for electric vehicles (EVs) is presenting lucrative opportunities for the market. Aluminum is considerably being used for the creation of battery enclosures for EVs as it complies with critical safety and structural requirements. Swiss international bank, UBS predicts 40% of the total sold vehicles to be EVs by 2030 and by 2040 virtually all the new vehicle purchases to be of EVs. This consistent surge is projected to open new avenues for the automotive aluminum market.

Segment Review

The automotive aluminum market is segmented into form, vehicle type, application, and region. On the basis of form, the market is divided into sheet, plate, bar, tube, and others. Depending on vehicle type, it is classified into light commercial vehicle, heavy commercial vehicle, passenger car, and others. By application, it is categorized into hood, pillars, hinges, motors, sunroof railings, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of form, the sheet segment held a high share of the market in 2023.

Depending on vehicle type, the light commercial vehicle segment acquired a high stake in the market in 2023.

By application, the hood segment dominated the market in 2023.

Region wise, Asia-Pacific is projected to be the highest revenue generator by 2033.

Competition Analysis

The major players of the global automotive aluminum market include Novelis Inc., Arconic, Kaiser Aluminum, Nippon Light Metal Holdings Co., Ltd, Vedanta Aluminium & Power, BALCO, Dana Limited, Alcoa Corporation, UACJ Corporation, and Rio Tinto. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

Additional benefits you will get with this purchase are:
  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
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  • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
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  • 24-hour priority response*
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
  • Analysis of raw material in a product (by %)
  • Product Life Cycles
  • Technology Trend Analysis
  • Go To Market Strategy
  • New Product Development/ Product Matrix of Key Players
  • Additional company profiles with specific to client's interest
  • Historic market data
  • SWOT Analysis
Key Market Segments

By Form
  • Sheet
  • Plate
  • Bar
  • Tube
  • Others
By Vehicle Type
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Passenger Car
  • Others
By Application
  • Hood
  • Pillars
  • Hinges
  • Motors
  • Sunroof Railings
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA
  • Key Market Players
  • Novelis Inc.
  • Arconic
  • Kaiser Aluminum
  • Nippon Light Metal Holdings Co., Ltd
  • Vedanta Aluminium & Power
  • BALCO
  • Dana Limited.
  • Alcoa Corporation
  • UACJ Corporation.
  • Rio Tinto
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: AUTOMOTIVE ALUMINUM MARKET, BY FORM

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Form
4.2. Sheet
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Plate
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country
4.4. Bar
  4.4.1. Key Market Trends, Growth Factors and Opportunities
  4.4.2. Market Size and Forecast, By Region
  4.4.3. Market Share Analysis, By Country
4.5. Tube
  4.5.1. Key Market Trends, Growth Factors and Opportunities
  4.5.2. Market Size and Forecast, By Region
  4.5.3. Market Share Analysis, By Country
4.6. Others
  4.6.1. Key Market Trends, Growth Factors and Opportunities
  4.6.2. Market Size and Forecast, By Region
  4.6.3. Market Share Analysis, By Country

CHAPTER 5: AUTOMOTIVE ALUMINUM MARKET, BY VEHICLE TYPE

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Vehicle Type
5.2. Light Commercial Vehicle
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Heavy Commercial Vehicle
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. Passenger Car
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country
5.5. Others
  5.5.1. Key Market Trends, Growth Factors and Opportunities
  5.5.2. Market Size and Forecast, By Region
  5.5.3. Market Share Analysis, By Country

CHAPTER 6: AUTOMOTIVE ALUMINUM MARKET, BY APPLICATION

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Application
6.2. Hood
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Pillars
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country
6.4. Hinges
  6.4.1. Key Market Trends, Growth Factors and Opportunities
  6.4.2. Market Size and Forecast, By Region
  6.4.3. Market Share Analysis, By Country
6.5. Motors
  6.5.1. Key Market Trends, Growth Factors and Opportunities
  6.5.2. Market Size and Forecast, By Region
  6.5.3. Market Share Analysis, By Country
6.6. Sunroof Railings
  6.6.1. Key Market Trends, Growth Factors and Opportunities
  6.6.2. Market Size and Forecast, By Region
  6.6.3. Market Share Analysis, By Country
6.7. Others
  6.7.1. Key Market Trends, Growth Factors and Opportunities
  6.7.2. Market Size and Forecast, By Region
  6.7.3. Market Share Analysis, By Country

CHAPTER 7: AUTOMOTIVE ALUMINUM MARKET, BY REGION

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Region
7.2. North America
  7.2.1. Key Market Trends and Opportunities
  7.2.2. Market Size and Forecast, By Form
  7.2.3. Market Size and Forecast, By Vehicle Type
  7.2.4. Market Size and Forecast, By Application
  7.2.5. Market Size and Forecast, By Country
  7.2.6. U.S. Automotive Aluminum Market
    7.2.6.1. Market Size and Forecast, By Form
    7.2.6.2. Market Size and Forecast, By Vehicle Type
    7.2.6.3. Market Size and Forecast, By Application
  7.2.7. Canada Automotive Aluminum Market
    7.2.7.1. Market Size and Forecast, By Form
    7.2.7.2. Market Size and Forecast, By Vehicle Type
    7.2.7.3. Market Size and Forecast, By Application
  7.2.8. Mexico Automotive Aluminum Market
    7.2.8.1. Market Size and Forecast, By Form
    7.2.8.2. Market Size and Forecast, By Vehicle Type
    7.2.8.3. Market Size and Forecast, By Application
7.3. Europe
  7.3.1. Key Market Trends and Opportunities
  7.3.2. Market Size and Forecast, By Form
  7.3.3. Market Size and Forecast, By Vehicle Type
  7.3.4. Market Size and Forecast, By Application
  7.3.5. Market Size and Forecast, By Country
  7.3.6. France Automotive Aluminum Market
    7.3.6.1. Market Size and Forecast, By Form
    7.3.6.2. Market Size and Forecast, By Vehicle Type
    7.3.6.3. Market Size and Forecast, By Application
  7.3.7. Germany Automotive Aluminum Market
    7.3.7.1. Market Size and Forecast, By Form
    7.3.7.2. Market Size and Forecast, By Vehicle Type
    7.3.7.3. Market Size and Forecast, By Application
  7.3.8. Italy Automotive Aluminum Market
    7.3.8.1. Market Size and Forecast, By Form
    7.3.8.2. Market Size and Forecast, By Vehicle Type
    7.3.8.3. Market Size and Forecast, By Application
  7.3.9. Spain Automotive Aluminum Market
    7.3.9.1. Market Size and Forecast, By Form
    7.3.9.2. Market Size and Forecast, By Vehicle Type
    7.3.9.3. Market Size and Forecast, By Application
  7.3.10. UK Automotive Aluminum Market
    7.3.10.1. Market Size and Forecast, By Form
    7.3.10.2. Market Size and Forecast, By Vehicle Type
    7.3.10.3. Market Size and Forecast, By Application
  7.3.11. Rest Of Europe Automotive Aluminum Market
    7.3.11.1. Market Size and Forecast, By Form
    7.3.11.2. Market Size and Forecast, By Vehicle Type
    7.3.11.3. Market Size and Forecast, By Application
7.4. Asia-Pacific
  7.4.1. Key Market Trends and Opportunities
  7.4.2. Market Size and Forecast, By Form
  7.4.3. Market Size and Forecast, By Vehicle Type
  7.4.4. Market Size and Forecast, By Application
  7.4.5. Market Size and Forecast, By Country
  7.4.6. China Automotive Aluminum Market
    7.4.6.1. Market Size and Forecast, By Form
    7.4.6.2. Market Size and Forecast, By Vehicle Type
    7.4.6.3. Market Size and Forecast, By Application
  7.4.7. Japan Automotive Aluminum Market
    7.4.7.1. Market Size and Forecast, By Form
    7.4.7.2. Market Size and Forecast, By Vehicle Type
    7.4.7.3. Market Size and Forecast, By Application
  7.4.8. India Automotive Aluminum Market
    7.4.8.1. Market Size and Forecast, By Form
    7.4.8.2. Market Size and Forecast, By Vehicle Type
    7.4.8.3. Market Size and Forecast, By Application
  7.4.9. South Korea Automotive Aluminum Market
    7.4.9.1. Market Size and Forecast, By Form
    7.4.9.2. Market Size and Forecast, By Vehicle Type
    7.4.9.3. Market Size and Forecast, By Application
  7.4.10. Australia Automotive Aluminum Market
    7.4.10.1. Market Size and Forecast, By Form
    7.4.10.2. Market Size and Forecast, By Vehicle Type
    7.4.10.3. Market Size and Forecast, By Application
  7.4.11. Rest of Asia-Pacific Automotive Aluminum Market
    7.4.11.1. Market Size and Forecast, By Form
    7.4.11.2. Market Size and Forecast, By Vehicle Type
    7.4.11.3. Market Size and Forecast, By Application
7.5. LAMEA
  7.5.1. Key Market Trends and Opportunities
  7.5.2. Market Size and Forecast, By Form
  7.5.3. Market Size and Forecast, By Vehicle Type
  7.5.4. Market Size and Forecast, By Application
  7.5.5. Market Size and Forecast, By Country
  7.5.6. Brazil Automotive Aluminum Market
    7.5.6.1. Market Size and Forecast, By Form
    7.5.6.2. Market Size and Forecast, By Vehicle Type
    7.5.6.3. Market Size and Forecast, By Application
  7.5.7. South Africa Automotive Aluminum Market
    7.5.7.1. Market Size and Forecast, By Form
    7.5.7.2. Market Size and Forecast, By Vehicle Type
    7.5.7.3. Market Size and Forecast, By Application
  7.5.8. Saudi Arabia Automotive Aluminum Market
    7.5.8.1. Market Size and Forecast, By Form
    7.5.8.2. Market Size and Forecast, By Vehicle Type
    7.5.8.3. Market Size and Forecast, By Application
  7.5.9. Rest of LAMEA Automotive Aluminum Market
    7.5.9.1. Market Size and Forecast, By Form
    7.5.9.2. Market Size and Forecast, By Vehicle Type
    7.5.9.3. Market Size and Forecast, By Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping Of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Novelis Inc.
  9.1.1. Company Overview
  9.1.2. Key Executives
  9.1.3. Company Snapshot
  9.1.4. Operating Business Segments
  9.1.5. Product Portfolio
  9.1.6. Business Performance
  9.1.7. Key Strategic Moves and Developments
9.2. Arconic
  9.2.1. Company Overview
  9.2.2. Key Executives
  9.2.3. Company Snapshot
  9.2.4. Operating Business Segments
  9.2.5. Product Portfolio
  9.2.6. Business Performance
  9.2.7. Key Strategic Moves and Developments
9.3. Kaiser Aluminum
  9.3.1. Company Overview
  9.3.2. Key Executives
  9.3.3. Company Snapshot
  9.3.4. Operating Business Segments
  9.3.5. Product Portfolio
  9.3.6. Business Performance
  9.3.7. Key Strategic Moves and Developments
9.4. Nippon Light Metal Holdings Co., Ltd
  9.4.1. Company Overview
  9.4.2. Key Executives
  9.4.3. Company Snapshot
  9.4.4. Operating Business Segments
  9.4.5. Product Portfolio
  9.4.6. Business Performance
  9.4.7. Key Strategic Moves and Developments
9.5. Vedanta Aluminium And Power
  9.5.1. Company Overview
  9.5.2. Key Executives
  9.5.3. Company Snapshot
  9.5.4. Operating Business Segments
  9.5.5. Product Portfolio
  9.5.6. Business Performance
  9.5.7. Key Strategic Moves and Developments
9.6. BALCO
  9.6.1. Company Overview
  9.6.2. Key Executives
  9.6.3. Company Snapshot
  9.6.4. Operating Business Segments
  9.6.5. Product Portfolio
  9.6.6. Business Performance
  9.6.7. Key Strategic Moves and Developments
9.7. Dana Limited.
  9.7.1. Company Overview
  9.7.2. Key Executives
  9.7.3. Company Snapshot
  9.7.4. Operating Business Segments
  9.7.5. Product Portfolio
  9.7.6. Business Performance
  9.7.7. Key Strategic Moves and Developments
9.8. Alcoa Corporation
  9.8.1. Company Overview
  9.8.2. Key Executives
  9.8.3. Company Snapshot
  9.8.4. Operating Business Segments
  9.8.5. Product Portfolio
  9.8.6. Business Performance
  9.8.7. Key Strategic Moves and Developments
9.9. UACJ Corporation.
  9.9.1. Company Overview
  9.9.2. Key Executives
  9.9.3. Company Snapshot
  9.9.4. Operating Business Segments
  9.9.5. Product Portfolio
  9.9.6. Business Performance
  9.9.7. Key Strategic Moves and Developments
9.10. Rio Tinto
  9.10.1. Company Overview
  9.10.2. Key Executives
  9.10.3. Company Snapshot
  9.10.4. Operating Business Segments
  9.10.5. Product Portfolio
  9.10.6. Business Performance
  9.10.7. Key Strategic Moves and Developments


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