Global Automotive Alloys Market Overview
According to SPER Market Research, the Global Automotive Alloys Market is estimated to reach USD 93.53 billion by 2032 with a CAGR of 8.33%.
During the historical period, the global market for automotive alloys underwent substantial development. Research and development for better fuel efficiency, strict pollution standards, and expanding government laws for lighter vehicles are major factors driving the market's growth. Additionally, the market is evolving as a result of quick urbanization , rising vehicle production, rising demand for automobiles, fuel economy rules, and advancements in driving dynamics.To reduce weight and improve fuel efficiency, automotive alloys are used in the construction of the powertrain, chassis, and exterior and interior components of commercial and passenger cars.
According to type, sales channel, vehicle type, and geography, the automotive alloy market has been divided into segments. The automotive alloy market has been divided into types such as steel, magnesium, aluminium, and others. As automakers create lightweight automobiles using aluminium alloys, the market for aluminium alloys is anticipated to grow over the course of the forecast period. The automotive alloy market has been divided into OEMs and aftermarket segments based on the sales channel. Because of the historical period's large vehicle production and direct integration of alloys into the construction of the cars, the OEMs category dominated the market.
Impact of COVID-19 on the Global Automotive Alloys Market
According to impact analysis of COVID-19, car sales have declined dramatically in the first few months of previous year as a result of global shutdowns and fluctuations in oil prices. Leading automakers are employing a range of tactics to decrease the detrimental impact on their operations, including assessing their dealerships to resume services. As a result of COVID-19's immediate effects on the automobile sector, assembly factories in the United States (US), manufacture in Europe, and the export of Chinese parts have all been halted. However, given the continuous efforts of leading firms to limit revenue losses by pursuing recovery methods like mergers and acquisitions, the automobile sector can continue to be resilient so long as a COVID-19 breakthrough is not reached.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Types of Alloys, By Application, By Vehicle Type, By Technology
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Alcoa Corporation, AMG Advanced Metallurgical Group N.V, ArcelorMittal S.A., Constellium, Kobe Steel Ltd., Nippon Steel and Sumitomo Metal Corporation, Norsk Hydro ASA, Novelis Inc., Thyssenkrupp AG, UACJ Corporation.
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Global Automotive Alloys Market Segmentation:
1. By Type of Alloy:
2. By Application:
- Exterior
- Powertrain
- Structural
- Others
3. By Vehicle Type:
- Heavy commercial vehicle
- Light commercial vehicle
- Passenger car
4. By Technology:
- Conventional
- Smart Connected
5. By Region:
- Asia-Pacific
- Middle East and Africa
- North America
- Latin America
- Europe
Key Topics Covered in the Report:
- Size of Global Automotive Alloys Market (FY’2019-FY’2032)
- Overview of Global Automotive Alloys Market
- Segmentation of Global Automotive Alloys Market By Type of Alloys (Aluminium, Magnesium, Steel)
- Segmentation of Global Automotive Alloys Market By Application (Exterior, Powertrain, Structural, Others)
- Segmentation of Global Automotive Alloys Market By Vehicle Type (Heavy commercial vehicle, Light commercial vehicle, Passenger car)
- Segmentation of Global Automotive Alloys Market By Technology (Conventional, Smart Connected)
- Statistical Snap of Global Automotive Alloys Market
- Growth Analysis of Global Automotive Alloys Market
- Problems and Challenges in Global Automotive Alloys Market
- Competitive Landscape in the Global Automotive Alloys Market
- Impact of COVID-19 and Demonetization on Global Automotive Alloys Market
- Details on Recent Investment in Global Automotive Alloys Market
- Competitive Analysis of Global Automotive Alloys Market
- Major Players in the Global Automotive Alloys Market
- SWOT Analysis of Global Automotive Alloys Market
- Global Automotive Alloys Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Automotive Alloys Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6 Competitive Landscape
6.1 Global Automotive Alloys Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global
Automotive Alloys Market
7 Global Automotive Alloys Market, By Type of Alloy, 2019-2032 (USD Million)
7.1 Aluminium
7.2 Magnesium
7.3 Steel
8 Global Automotive Alloys Market, By Application, 2019-2032 (USD Million)
8.1 Exterior
8.2 Powertrain
8.3 Structural
8.4 Others
9 Global Automotive Alloys Market, By Vehicle Type , 2019-2032 (USD Million)
9.1 Heavy commercial vehicle
9.2 Light commercial vehicle
9.3 Passenger car
10. Global Automotive Alloys Market, By Technology, 2019-2032 (USD Million)
10.1 Conventional
10.2 Smart Connected
11 Global Automotive Alloys Market, By Region, 2019-2032 (USD Million)
11.1 Global Automotive Alloys Market Size and Market Share by Region (2019-2025)
11.2 Global Automotive Alloys Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12.Company Profiles
12.1 Alcoa Corporation
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 AMG Advanced Metallurgical group N.V.
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 ArcelorMittal S.A.
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Constellium
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Kobe Steel Ltd.
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Nippon steel and Sumitomo Metal Corporation
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Norsk Hydro ASA
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Novelis, Inc.
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Thyssenkrupp AG
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 UACJ Corporation
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
