According to a new market report published by
Lucintel, the future of aluminum in the global automotive industry looks good
with opportunities in the segments of passenger cars and commercial vehicles. Aluminum
in the global automotive industry is expected to reach an estimated $42.4
billion by 2022 and it is forecast to grow at a CAGR of 7.4% from 2017 to 2022.
The major drivers of growth for this market are increasing vehicle production,
government regulations on the fuel economy and emission controls, increasing stringent
safety regulations, and increasing gasoline prices.
In this market, cast aluminum, rolled
aluminum, extruded aluminum are some of the major segments by product form. On
the basis of our comprehensive research, Lucintel forecasts that the extruded
aluminum and rolled aluminum segments are expected to show above average growth
during the forecast period.
Within the global automotive aluminum
industry, the cast aluminum segment is expected to remain the largest market. Casting
is a simple, inexpensive, and versatile way of forming aluminum into a wide
array of products, which is expected to spur growth for this segment over the
forecast period.
Asia Pacific is expected to remain the largest
region due to high vehicle production, improving economic conditions, and
increasing investments by the industry players within the APAC region.
Asia Pacific
and Europe are expected to experience significant growth over the forecast
period because of rapidly increasing demand for aluminum in SUVs
& crossovers, small cars, and compact cars.
Emerging trends, which have a direct impact on
the dynamics of the industry, include increasing use of aluminum in chassis and
structural applications. Alcoa Inc., Novelis Inc., Norsk Hydro ASA (ADR), Constellium
N.V., and Aleris International are the major aluminum suppliers in the global
automotive industry.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities for
aluminum in the global automotive industry by vehicle types, product forms,
application types, and regions, and compiled a comprehensive research report
entitled “Growth
Opportunities for Aluminum in the Global Automotive Industry 2017-2022: Trends,
Forecast, and Opportunity Analysis.”
The Lucintel report serves as a catalyst for growth strategy, as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for aluminum in the global automotive industry by vehicle
type, product form, application type, and region, as follows:
By vehicle type ($ Million and kilo tons from
2011 to 2022):
- Small Cars
- Compact Cars
- Mid-Size Cars
- Large Cars
- SUVs & Crossovers
- Multi-Purpose Vehicles
- Pickup Trucks
By Product Forms ($ Million from 2011 to 2022):
- Cast Aluminum
- Rolled Aluminum
- Extruded Aluminum
- Others
By application type ($ Million from 2011 to
2022):
- Engines
- Transmissions and Drivelines
- Heat Transfer Systems
- Wheels and Brakes
- Structural Components
By region ($ Million from 2011 to 2022):
- North America
o
US
o
Canada
o
Mexico
- Europe
o
United Kingdom
o
Italy
o
France
o
Germany
o
Spain
- Asia Pacific
o
China
o
India
o
Japan
o
Indonesia
o
South Korea
- The Rest of the World
o
Brazil
o
Argentina
This
235-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056, or email us at helpdesk@lucintel.com. Lucintel offerings include Mass
Transportation, Transportation
Market Report, SWOT
Matrix,
Due Diligence and
Mergers & Acquisitions.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. Lucintel offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers the following 11 key questions:
Q.1 What are some of the most promising,
high-growth opportunities for aluminum in the automotive industry by vehicle
type (Small Cars, Compact Cars, Mid-Size Cars, Large Cars, SUVs and Crossovers,
MPVs, and Pickups), product form (Cast Aluminum, Rolled Aluminum, Extruded
Aluminum), application type (Engine, Transmission and Driveline, Heat Transfer,
Wheels and Brakes, Structural Component), and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace
and why?
Q.3
Which region will grow at a
faster pace and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers, challenges and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6
What are the emerging trends in this
market and reasons behind them?
Q.7
What are some of the changing demands
of customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are key players pursuing for business growth?
Q.10
What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
material / product substitution?
Q.11
What M&A activity has occurred in
the last 5 years and what has its impact been on the industry?
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