According to the recent study the aluminum in the global automotive market is projected to reach an estimated $47.4 billion by 2027 from $29.9 billion in 2021, at a CAGR of 8% from 2021 to 2027. Growth in this market is primarily driven by increasing vehicle production, government regulations on the fuel economy and emission controls, increasing stringent safety regulations, and increasing gasoline prices.
Browse 107 figures /
charts and 68 tables in this 205 -page report to understand trends,
opportunities and forecast in aluminum in the global automotive market 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).
Download sample report by clicking
on below link
https://www.lucintel.com/automotive-aluminum-market.aspx
“Cast aluminum market is expected to
remain the largest segment during the forecast period.”
Based on product forms,
the aluminum in the global automotive market is segmented into cast aluminum,
rolled aluminum, extruded aluminum. Lucintel forecasts that the cast aluminum
market is expected to remain the largest segment due to a simple, inexpensive,
and versatile way of forming aluminum into a wide array of products, which is
expected to spur growth over the forecast period.
“Asia pacific will dominate the aluminum in the global automotive
market in near future.”
Asia Pacific will remain
the largest region due to high vehicle production, improving economic
conditions, and increasing investments by the industry players within the APAC
region. Europe is expected to witness the highest growth over the forecast
period because of stringent government regulations toward carbon emissions and
increasing demand for aluminum in SUVs & crossovers, small cars, and
compact cars.
Download Brochure of this report by clicking on https://www.lucintel.com/automotive-aluminum-market.aspx.
Major players of
aluminum in the global automotive market are adopting various growth strategies
like new product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Alcoa,
Novelis, Norsk Hydro, Constellium, and Aleri are among the major aluminum in
the global automotive providers.
This unique 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 click on this link https://www.lucintel.com/automotive-aluminum-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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