Aluminum in the global automotive industry is expected to grow at a CAGR of 7.4% over 2015-2020. A high demand of lightweight vehicles increases the demand of aluminum in the automotive industry. The demand of lightweight vehicles is highly influenced by factors such as high fuel price, government regulations (CAFÉ and Euro emission standards), and environmental impacts (carbon footprint). Aluminum is the fastest growing materials in the automotive industry, as it offers the cost-effective way to boost fuel economy and reduce carbon emissions. Asia Pacific (APAC) was the top region in terms of total automotive aluminum consumption, followed by North America, Europe, and Rest of the World (ROW) in 2014.
Lucintel, a leading global management consulting and market research firm, has analyzed aluminum in the global automotive industry by 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”. This report provides an analysis of aluminum in the global automotive industry, including market trends, growth opportunities, key drivers, and emerging trends in the market. The study also includes the forecast for aluminum in the global automotive industry through 2020 by value ($ Million) and volume (Million Pounds) and segment breakdown by region, vehicle type, product form, and application as follows:
· North America
· Asia Pacific
· Rest of the World
By vehicle type for 2014:
· Passenger cars
· Light commercial vehicles
By product form:
· Cast aluminum
· Rolled aluminum
· Extruded aluminum
· Other aluminum (forged aluminum)
· Transmission and driveline
· Heat transfer
· Wheels and brakes
· Structural components
On the basis of its comprehensive research, Lucintel forecasts that cast aluminum is expected to be the major segment in the global automotive aluminum market by product form during the forecast period. Rolled aluminum is projected to grow at a favorable growth rate during the forecast period; this form of aluminum material is expected to experience double-digit growth from 2015 to 2020. Application of sheet or rolled aluminum material in the structural component of vehicles is going to boost the demand of rolled aluminum during the forecast period. It is estimated that the usage of aluminum body sheet per vehicle will reach 66.2 kilograms in North America and 36.1 kilograms in Europe by 2020. The North American region is expected to be the highest growing region during the forecast period due to strict fuel economy standards.
Alcoa Inc., Aleris International, Aluminum Corporation of China Limited, Constellium NV, Kaiser Aluminum Corp., Norsk Hydro ASA, Novelis Inc., Rio Tinto Alcan, United Company RUSAL Plc, and Vimetco N.V. are some of the major suppliers of automotive aluminum. The industry players are opting for M&A, innovation, and expansion for growing their businesses. Several important emerging trends which have a direct impact on the dynamics of the industry include advanced manufacturing technology and aluminum-air battery.
This 200 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents or other transportation market report and reports on mass transportation contact Lucintel at +1-972-636-5056 or click on this link: http://www.lucintel.com/reports/mass_transportation/growth_opportunities_for_aluminum_in_global_automotive_industry_2015_2020_trend_forecast_and_market_analysis_june_2015.aspx or
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