The forecasted distribution of end-use shipments of aluminum products to the transportation sector in the US and Canada shows a steady year-on-year growth from 2024 to 2028, with the volume reaching 5.44 million metric tons by 2028. In 2023, the actual volume stood at approximately 4.89 million metric tons, indicating a discernible growth trajectory. The year-on-year growth rate averages slightly over 2%, while the compound annual growth rate (CAGR) for the forecast period through 2028 is consistent at around 2.1%.

Future trends to watch for include:

Increased demand due to the expansion of electric vehicles (EVs) and lightweighting in the automotive sector.
Technological advancements and recycling improvements influencing aluminum utilization.
Geopolitical factors and trade policies potentially impacting supply chains and pricing structures.