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.
Browse 122 market data tables and 149 figures spread through 235 pages and in-depth TOC on “Aluminum in the Global Automotive Industry“
http://www.lucintel.com/aluminum_in_automotive_industry_17.aspx
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.
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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 the aluminum in the global automotive industry size and forecast for aluminum in the global automotive industry through 2022 segmented by vehicle type, product form, application type, and region, as follows:
Aluminum in the global automotive industry 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
Aluminum in the global automotive industry by Product Forms ($ Million from 2011 to 2022)
Cast Aluminum
Rolled Aluminum
Extruded Aluminum
Others
Aluminum in the global automotive industry by application type ($ Million from 2011 to 2022)
Engines
Transmissions and Drivelines
Heat Transfer Systems
Wheels and Brakes
Structural Components
Aluminum in the global automotive industry by region ($ Million from 2011 to 2022)
North America
US
Canada
Mexico
Europe
United Kingdom
Italy
France
Germany
Spain
Asia Pacific
China
India
Japan
Indonesia
South Korea
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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 click on this link http://www.lucintel.com/toc/aluminum_in_automotive_industry_17.aspx or helpdesk@lucintel.com.
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