1. Market Research
  2. > Mining and Quarrying Market Trends

Growth Opportunities for Aluminum in Global Automotive Industry 2015-2020: Trend, Forecast, and Market Analysis

  • September 2015
  • Lucintel
Report ID: 3273395

Summary

Table of Contents

According to a new market report published by Lucintel, the future of aluminum in the global automotive industry looks strong with increasing penetration of lightweight materials and rising vehicle production. Aluminum in the global automotive industry is forecast to grow at a CAGR of 7.4% from 2015 to 2020. The major drivers of growth for this market are government regulations, a growing demand for lightweight,fuel efficient vehicles, and better price performance benefits of aluminum compared to other lightweight materials. High tensile strength, corrosion resistance, and recyclability of aluminum alloys are additional factors contributing to accelerated growth.

In this market, cast aluminum, rolled aluminum, and extruded aluminum are some of the major product forms used for automotive applications. Cast aluminum is the largest segment by product forms and is expected to remain the same during the forecast period. Lucintel predicts that the demand for rolled aluminum is likely to experience the highest growth in the forecast period supported by growing application of rolled aluminum in the structural component of the vehicle. On the basis of its comprehensive research, Lucintel forecasts that structural components, engine, and wheel and brakes are expected to show above average growth during the forecast period.

Within the aluminum in automotive industry, the passenger car segment is expected to remain as the largest market by volume consumption. The development of new applications and material joining technologies for automotive industry is expected to spur growth for this segment over the forecast period.

Asia Pacific (APAC) is expected to remain the largest market due to increase in the passenger car and light commercial vehicle production in China and India. North America and Europe are expected to witness significant growth over the forecast period because of strict government regulations for fuel economy and carbon emission reduction.
For market expansion, the report suggests innovation and new product development; this is where the unique characteristics of aluminum material can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost solutions for the end users.

Emerging trends, which have a direct impact on the dynamics of the industry, include the increasing use of aluminum in chassis and structural applications and advanced manufacturing technology. Alcoa Inc., Aleris International, Novelis Inc., Norsk Hydro ASA (ADR), and Constellium N.V. are among the major suppliers of aluminum material to the automotive industry. Some companies are opting for joint venture and M&A as a strategic initiative for driving growth.


Lucintel, a leading global strategic consulting and market research firm, has analyzed opportunities for aluminum in global automotive industry by application, product form and region, and has come up with a comprehensive research report, “Growth Opportunities for Aluminum in Global Automotive Industry 2015-2020: Trend, Forecast, and Market Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast of opportunities for aluminum in global automotive industry through 2020, segmented by application, product form and region as follows:

By application [Volume (Mil lbs /Kilotons) and $ Mil shipment analysis for 2009 – 2020]:
Engine Transmission and Driveline Heat Transfer Wheels and Brakes Structural Components Others

By product form [Volume (Mil lbs /Kilotons) and $ Mil shipment analysis for 2009 – 2020]:
Cast Aluminum Rolled Aluminum Extruded Aluminum Others

By region [Volume (Mil lbs /Kilotons) and $ Mil shipment analysis for 2009 – 2020]:
North America Europe Asia Pacific Rest of World

This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.

To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.

Some of the features of “Growth Opportunities for Aluminum in Global Automotive Industry 2015-2020: Trend, Forecast, and Market Analysis” include:

Market size estimates: Aluminum in global automotive industry size estimation in terms of volume (M lbs.) and value ($M) shipment. Trend and forecast analysis: Aluminum in global automotive industry trend (2009-2014) and forecast (2015-2020) by region and product type. Segmentation analysis: Aluminum in global automotive industry size by various product forms, such as cast aluminum, rolled aluminum, extruded aluminum and others in terms of value and segmented by application, such as engine, transmission and driveline, heaty transfer, wheels and brakes and structural component by value Regional analysis: Aluminum in global automotive industry breakdown by key regions, such as North America, Europe, Asia Pacific, and Rest of World. Growth opportunities: Analysis on growth opportunities in different applications and regions. Strategic analysis: This includes M&A, competitive landscape, and expansion strategies of aluminum in global automotive industry suppliers. Emerging applications: Emerging applications of aluminum in global automotive Industry. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Aluminum Composite Panels Market by Coating Base, Type, Application, Composition, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“Aluminum composite panels market projected to grow at a CAGR of 6.58%” The aluminum composite panels market size is projected to grow at a CAGR of 6.58% during the forecast period of 2016–2021 ...

Aerosol Cans Market by Material Type, Product Type, Propellant Type, End-use Sector, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“Growth in demand from the personal care industry to drive the market for aerosol cans” The global market for aerosol cans is projected to grow from USD 63.06 billion in 2015 to reach USD 80.94 billion ...

Aluminum Casting Market by Process, End-use Sector, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“Aluminum casting market is projected to grow at a CAGR of 7.33% during the forecast period.” The aluminum casting market is projected to grow at a CAGR of 7.33% from 2017, to reach USD 79.13 billion ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.