Automotive Aluminium Market Growth, Size, Trends, Share, Revenue, Demand and Future Outlook

Automotive Aluminium Market Size- By Product Form, By Application, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Automotive Aluminium Market Size- By Product Form, By Application, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jan 2024 Report ID: AMIN2403 Pages: 1 - 225 Formats*:     
Category : Automotive & Transportation
Automotive Aluminium Market Introduction and Overview 

According to SPER Market Research, the Global Automotive Aluminium Market is estimated to reach USD 170.48 billion by 2033 with a CAGR of 13%.

The report includes an in-depth analysis of the Global Automotive Aluminium Market, including market size and trends, product mix, applications, and supplier analysis. The automotive sector uses aluminium for heat shields, tires, fuel lines, vehicle bodies, frames, and interiors. Aluminium castings and sheets are also employed in this process. Moreover, it is employed in the production of radiators, pistons, and other engine parts. One of the main factors driving the market's growth is the automobile industry's expansion. Because of its exceptional qualities, including its ability to be recycled, resistance to corrosion, and electrical and thermal conductivity, aluminium is mostly utilized in the production of buses, commercial vehicles, and passenger cars. 

  • June 2022, the BHP Group (BHP) is pleased to announce the effective completion of the merging of its petroleum and energy portfolios with that of Woodside Energy Group Limited (Woodside) via the use of an all-stock acquisition (merging).
  • Chalco, also known as Aluminium Corp. of China Ltd., stated that in 2021, its net income climbed by 564.6%, which was a record high for the company in the previous 14 years. This was made possible, largely, by rising alumina and aluminium prices along with higher output.
Automotive Aluminium Market
Market Opportunities and Challenges
The automobile industry's rapid expansion drives important pollution and fuel economy standards as well as improvements in driving dynamics, all of which support the market's growth rate over the projection period. Moreover, its widespread application due to qualities like thermal and electrical conductivity, resistance to corrosion, recyclability, and high strength is anticipated to boost the overall market growth. Over the forecast period, the automotive aluminium market is expected to grow due to the rising demand for electric vehicles and the implementation of new systems that provide safety and comfort. Additionally, the growth is being positively impacted by the use of automation and robotics in assembly lines to create cars more efficiently.

It is also expected that growing car production costs will impede market expansion. Moreover, the growth of the automotive aluminium market was negatively impacted by supply chain interruptions, variations in demand share, economic conditions. The market's overall economic growth has slowed down as a result of the crisis. Government worries regarding poisonous gas emissions and vehicle safety could present the automotive aluminium market with challenging challenges throughout the course of the projected period. It is projected that rising car production costs would impede market expansion

Automotive Aluminium Market


Market Competitive Landscape
Leading businesses are producing high-strength aluminium alloys with enhanced fatigue life and tensile strength, which makes them perfect for important structural elements and enables producers to design lighter, thinner parts without compromising durability or safety. Automobile aluminium parts are also being designed with the use of computer-aided design (CAD) technologies. The major players in the Global Aluminium Market include: Alcoa, Rio Tinto Alcan, Constellium, BHP Billiton, AMG Advanced, Jindal Aluminium, Aluminium Corporation, Chalco, Norsk Hydro ASA, Novelis Inc.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Product Form, By Application, By Vehicle Type
 Regions covered
North America, Asia-Pacific, Latin America, Middle East & Africa and Europe

 Companies CoveredAlcoa Inc., Aluminium Corporation, AMG Advanced, BHP Billiton, Chalco, Constellium, Jindal Aluminium, Norsk Hydro ASA, Novelis Inc., Rio Tinto.
COVID-19 Impact on Global Automotive Aluminium Market
The COVID-19 pandemic's short- and long-term consequences, demand share inequalities, supply chain interruptions, and economic conditions all had a severe influence on the automotive aluminium market. The crisis has caused the economy of the entire market to slow down. It is also expected that growing car production costs will impede market expansion. Moreover, the growth of the automotive aluminium market was negatively impacted by supply chain interruptions, variations in demand share, economic conditions, and the immediate and long-term effects of the COVID-19 pandemic. Government worries regarding poisonous gas emissions and vehicle safety could present the automotive aluminium market with challenging challenges throughout the course of the projected period.

Key Target Audience
  • Manufacturers of Automotive Aluminium 
  • Traders, Distributors and Suppliers of Automotive Aluminium 
  • End- Use Industries Operating in the supply Chain of automotive aluminium 
  • Government and Research organizations 
  • Investments Banks and Private Equity Firms 
Our in-depth analysis of the Automotive Aluminium Market includes the following segments:
By Product Form:
  • Cast Aluminium,
  • Extruded Aluminium
  • Rolled Aluminium
  • By Application:
  • Car Body
  • Chassis
  • Powertrain
  • Suspension
  • By Vehicle Type:
  • HCV
  • LCV
  • Passenger Car
  • By Region:
  • Asia-Pacific
  • Europe
  • Middle East & Africa
  • North America
  • Latin America
  • Key Topics Covered in the Report
    • Global Automotive Aluminium Market Size (FY’2023-FY’2033)
    • Overview of Global Automotive Aluminium Market
    • Segmentation of Global Automotive Aluminium Market by Product Form (Cast Aluminium, Rolled Aluminium, Extruded Aluminium)
    • Segmentation of Global Automotive Aluminium Market by Application (Powertrain, Chassis Suspension, Car Body) 
    • Segmentation of Global Automotive Aluminium Market by Vehicle Type (Passenger Car, LCV, HCV)
    • Statistical Snap of Global Automotive Aluminium Market
    • Expansion Analysis of Global Automotive Aluminium Market
    • Problems and Obstacles in Global Automotive Aluminium Market
    • Competitive Landscape in the Global Automotive Aluminium Market 
    • Impact of COVID-19 and Demonetization on Global Automotive Aluminium Market
    • Details on Current Investment in Global Automotive Aluminium Market 
    • Competitive Analysis of Global Automotive Aluminium Market
    • Prominent Players in the Global Automotive Aluminium Market
    • SWOT Analysis of Global Automotive Aluminium Market 
    • Global Automotive Aluminium Market Outlook and Projections (FY’2023-FY’2033)
    • 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 Aluminium Market

    5. Market variable 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 
    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 Aluminium Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Aluminium Market

    7. Global Automotive Aluminium Market, By Product Form (USD Million)
    7.1. Global Automotive Aluminium Market Value Share and Forecast, By Product Form, 2023-2033
    7.2.  Cast Aluminium,
    7.3.  Extruded Aluminium
    7.4.  Rolled Aluminium

    8. Global Automotive Aluminium Market, By Application (USD Million)
    8.1. Global Automotive Aluminium Market Value Share and Forecast, By Application 2023-2033
    8.2. Car Body
    8.3. Chassis 
    8.4. Powertrain
    8.5. Suspension

    9. Global Automotive Aluminium Market, By Vehicle Type (USD Million)
    9.1. Global Automotive Aluminium Market Value Share and Forecast, By Vehicle Type, 2023-2033
    9.2. HCV
    9.3. LCV
    9.4. Passenger Car

    10. Global Automotive Aluminium Market Forecast, 2019-2033 (USD Million)
    10.1. Global Automotive Aluminium Market Size and Market Share

    11. Global Automotive Aluminium Market, By Product Form 2019-2033 (USD Million)
    11.1. Global Automotive Aluminium Market Size and Market Share, By Product Form (2019-2026)
    11.2. Global Automotive Aluminium Market Size and Market Share, By Product Form (2027-2033)

    12. Global Automotive Aluminium Market, By Application, 2019-2033 (USD Million)
    12.1. Global Automotive Aluminium Market Size and Market Share, By Application (2019-2026)
    12.2. Global Automotive Aluminium Market Size and Market Share, By Application (2027-2033)

    13. Global Automotive Aluminium Market, By Vehicle Type, 2019-2033 (USD Million)
    13.1. Global Automotive Aluminium Market Size and Market Share, By Vehicle Type (2019-2026)
    13.2. Global Automotive Aluminium Market Size and Market Share, By Vehicle Type (2027-2033)

    14. Global Automotive Aluminium Market, By Region, 2019-2033 (USD Million)
    14.1. Global Automotive Aluminium Market Size and Market Share, By Region (2019-2026)
    14.2. Global Automotive Aluminium Market Size and Market Share, By Region (2027-2033) 
    14.3. Asia-Pacific
    14.3.1. Australia
    14.3.2. China
    14.3.3. India
    14.3.4. Japan
    14.3.5. South Korea
    14.3.6. Rest of Asia-Pacific
    14.4. Europe
    14.4.1. France
    14.4.2. Germany
    14.4.3. Italy
    14.4.4. Spain
    14.4.5. United Kingdom
    14.4.6. Rest of Europe
    14.5. Middle East and Africa
    14.5.1. Kingdom of Saudi Arabia 
    14.5.2. United Arab Emirates
    14.5.3. Rest of Middle East & Africa
    14.6. North America
    14.6.1. Canada
    14.6.2. Mexico
    14.6.3. United States
    14.7. Latin America
    14.7.1. Argentina
    14.7.2. Brazil
    14.7.3. Rest of Latin America 

    15. Company Profile
    15.1. Alcoa Inc.
    15.1.1. Company details
    15.1.2. Financial outlook
    15.1.3. Product summary 
    15.1.4. Recent developments
    15.2. Aluminium Corporation 
    15.2.1. Company details
    15.2.2. Financial outlook
    15.2.3. Product summary 
    15.2.4. Recent developments
    15.3. AMG Advanced Metallurgical Group 
    15.3.1. Company details
    15.3.2. Financial outlook
    15.3.3. Product summary 
    15.3.4. Recent developments
    15.4. BHP Billiton
    15.4.1. Company details
    15.4.2. Financial outlook
    15.4.3. Product summary 
    15.4.4. Recent developments
    15.5. Chalco
    15.5.1. Company details
    15.5.2. Financial outlook
    15.5.3. Product summary 
    15.5.4. Recent developments
    15.6. Constellium N.V. 
    15.6.1. Company details
    15.6.2. Financial outlook
    15.6.3. Product summary 
    15.6.4. Recent developments
    15.7. Jindal Aluminium
    15.7.1. Company details
    15.7.2. Financial outlook
    15.7.3. Product summary 
    15.7.4. Recent developments
    15.8. Norsk Hydro ASA 
    15.8.1. Company details
    15.8.2. Financial outlook
    15.8.3. Product summary 
    15.8.4. Recent developments
    15.9. Novelis Inc. 
    15.9.1. Company details
    15.9.2. Financial outlook
    15.9.3. Product summary 
    15.9.4. Recent developments
    15.10. Rio Tinto 
    15.10.1. Company details
    15.10.2. Financial outlook
    15.10.3. Product summary 
    15.10.4. Recent developments
    15.11. Others 
     
    16. List of Abbreviations

    17. Reference Links

    18. Conclusion

    19. 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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Automotive Aluminium Market is projected to reach USD 170.48 billion by 2033, growing at a CAGR of 13% during the forecast period.
    Automotive Aluminium Market grew in market size from 2022. The Market is expected to reach USD 170.48 billion by 2033, at a CAGR of 13% during the forecast period.
    Automotive Aluminium Market CAGR of 13% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    Automotive Aluminium Market size is USD 170.48 billion from 2023 to 2033.
    Automotive Aluminium Market Segment is covered By Product Form, By Application, By Vehicle Type.
    The North America is anticipated to have the highest market share in the Automotive Aluminium Market.
    The key players in the market include Companies Covered Alcoa Inc., Aluminium Corporation, AMG Advanced, BHP Billiton, Chalco, Constellium, Jindal Aluminium, Norsk Hydro ASA, Novelis Inc., Rio Tinto.
    Aluminium castings and sheets are also employed in this process. Moreover, it is employed in the production of radiators, pistons, and other engine parts.
    Not able to find what you are looking for? Need customization in the existing report?
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