According to a new country report published by Lucintel, the future of aluminum in the automotive industry in the United States looks promising with opportunities in the passenger cars and commercial vehicles market. The automotive aluminum market in the United States is primarily driven by increasing vehicle production, government regulations on the fuel economy and emission controls, increasing stringent safety regulations, and increasing gasoline prices.
This report studies factors affecting the automotive aluminum market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.
Among various growth areas, Lucintel forecasts that the cast aluminum will 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. Within the automotive aluminum market in the United States, passenger car will remain the largest market by value and volume and it also expected to witness the highest growth over the forecast period due to increasing production of small, compact, and luxury car and increasing penetration of aluminum material per vehicle to reduce the carbon emission and to increase fuel efficiency.
Emerging trends, which have a direct impact on the dynamics of the automotive aluminum industry, include increasing use of aluminum in chassis and structural applications and development of advance manufacturing technologies to enhance the material strength.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the automotive aluminum market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Automotive Aluminum Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the automotive aluminum market in the United States by vehicle type, product form, and application as follows:
Automotive Aluminum Market by Vehicle Type [$M shipment analysis from 2014 to 2025]:
• Small Cars
• Compact Cars
• Mid - Size Cars
• Large Cars
• SUVs & Crossovers
• Multi- Purpose Vehicle
• Pickup Trucks
Automotive Aluminum Market by Product Form [$M shipment analysis from 2014 to 2025]:
• Cast Aluminum
• Rolled Aluminum
• Extruded Aluminum
• Others
Automotive Aluminum Market by Application [$M shipment analysis from 2014 to 2025]:
• Engines
• Transmission & Powertrains
• Heat Transfer
• Wheel & Brakes
• Structural Components
• Others
This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/opportunities-for-the-automotive-aluminum.aspx or write to us at helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It 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