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Automotive Aluminum Alloy Oe Market

Automotive Aluminum Alloy (OE) Market Forecasts to 2028 – Global Analysis By Product (Cast Aluminium, Rolled Aluminium), Channel (Aftermarket, OEM), Application (Wheels, Driveline, Body Parts) and By Geography

4.3 (16 reviews)
Published: July 2021 ID: SMRC20743
4.3 (16 reviews)
Published: July 2021 ID: SMRC20743

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Automotive Aluminum Alloy (OE) Market is accounted for $4,038.53 million in 2020 and is expected to reach $10,435.91 million by 2028 growing at a CAGR of 12.6% during the forecast period. Developments and advancements in the transportation sector, growing demand for electric vehicles across the globe and high utilization of aluminum in vehicle manufacturing application are driving the market growth. However, high cost associated with the technology and engineering barriers are hampering the growth of the market.

Aluminum is being utilized in the body and different parts of vehicles by manufacturers for light weighting their vehicles leading to better fuel efficiency. Automotive aluminum alloys are used in manufacturing of powertrain, chassis, and exterior and interior parts of commercial and passenger vehicles to reduce their weight and increase fuel efficiency.

Based on the application, the heat exchanger segment is going to have lucrative growth during the forecast period as heat exchangers are widely employed in vehicles for various applications such as engine cooling, fuel cooling, condenser and evaporators for air conditioning system. Aluminum alloy has high thermal conductivity, corrosion resistance property and good formability owing to which aluminum is used in heat exchangers. By geography, Asia Pacific is going to have high growth during the forecast period due to the presence of a prominent automotive industry in the developing nations, high vehicle production and increasing production and sales of electric vehicles, especially in China.

Some of the key players profiled in the Automotive Aluminum Alloy (OE) Market include ArcelorMittal SA, UACJ Corporation, ThyssenKrupp AG, Novelis Inc., AMG Advanced Metallurgical Group NV, Massey Ferguson Ltd, Kobe Steel, Ltd., Constellium NV, Alcoa Inc. and Norsk Hydro ASA. 

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 4,038.53 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

12.6%

Predicted 2028 Value:

USD 10,435.91 million

Forecast Years:

2021-2028

Tables, Graphs& Figures

187

Chapters Covered:

Type, Vehicle Type, Product, Sales Channel, Application, Heat Sensitivity Type and Region

Core Drivers and Opportunities:

  • High utilization of aluminum in vehicle manufacturing application
  • Advancements in the transportation sector
  • Growing demand for electric vehicles across the globe

Restraining Factors & Market Threats:

  • Engineering barriers
  • High cost associated with the technology


Types Covered:
• 10 mg
• 20 mg
• 30 mg

Vehicle Types Covered:
• Passenger Vehicles
• Commercial Vehicle
• Electric Vehicle   

Products Covered:
• Cast Aluminium
• Rolled Aluminium
• Extruded Aluminium 

Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturer (OEM)

Applications Covered:
• Wheels
• Heat Exchanger
• Engine Component
• Driveline
• Body Parts  

Heat Sensitivity Types Covered:
• Heat-Treatable (Al-Mg-Si)
• Non Heat-Treatable (Al-Mg-Mn)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Automotive Aluminum Alloy (OE) Market is majorly driven by increasing demand for electric vehicles across the globe, advancements in the transportation sector and high utilization of aluminum in vehicle manufacturing application.

The heat exchanger segment is growing at a highest CAGR as heat exchangers are highly employed in vehicles for various applications. Aluminum alloy has high thermal conductivity, corrosion resistance property and good formability due to which aluminum is used in heat exchangers.

Europe dominated with a significant market share due to the high usage of aluminum used in vehicles, rise in the number of lightweight vehicles and the implementation of stringent emission norms in the region.

Asia Pacific region is growing at a highest CAGR owing to the presence of a prominent automotive industry in the developing nations, high vehicle production and increasing production and sales of electric vehicles, especially in China.

Key players in Automotive Aluminum Alloy (OE) Market include Arcelor Mittal SA, UACJ Corporation, ThyssenKrupp AG, Novelis Inc., AMG Advanced Metallurgical Group NV, Massey Ferguson Ltd, Kobe Steel, Ltd., Constellium NV, Alcoa Inc. and Norsk Hydro ASA.

1 Executive Summary             
               
2 Preface      
        
 2.1 Abstract             
 2.2 Stake Holders            
 2.3 Research Scope            
 2.4 Research Methodology           
  2.4.1 Data Mining           
  2.4.2 Data Analysis           
  2.4.3 Data Validation           
  2.4.4 Research Approach           
 2.5 Research Sources            
  2.5.1 Primary Research Sources          
  2.5.2 Secondary Research Sources          
  2.5.3 Assumptions           
               
3 Market Trend Analysis            
 3.1 Introduction            
 3.2 Drivers             
 3.3 Restraints            
 3.4 Opportunities            
 3.5 Threats             
 3.6 Product Analysis            
 3.7 Application Analysis           
 3.8 Emerging Markets            
 3.9 Impact of Covid-19            
               
4 Porters Five Force Analysis            
 4.1 Bargaining power of suppliers           
 4.2 Bargaining power of buyers           
 4.3 Threat of substitutes           
 4.4 Threat of new entrants           
 4.5 Competitive rivalry            
               
5 Global Automotive Aluminum Alloy (OE) Market, By Type          
 5.1 Introduction            
 5.2 10 mg             
 5.3 20 mg             
 5.4 30 mg             
               
6 Global Automotive Aluminum Alloy (OE) Market, By Vehicle Type        
 6.1 Introduction            
 6.2 Passenger Vehicles            
 6.3 Commercial Vehicle           
  6.3.1 Light Commercial Vehicle          
  6.3.2 Heavy Commercial Vehicle          
 6.4 Electric Vehicle            
  6.4.1 Plug-in Hybrid Electric Vehicles         
  6.4.2 Hybrid Electric Vehicle           
  6.4.3 Battery Electric Vehicle          
               
7 Global Automotive Aluminum Alloy (OE) Market, By Product         
 7.1 Introduction            
 7.2 Cast Aluminium            
 7.3 Rolled Aluminium            
 7.4 Extruded Aluminium           
               
8 Global Automotive Aluminum Alloy (OE) Market, By Sales Channel        
 8.1 Introduction            
 8.2 Aftermarket            
 8.3 Original Equipment Manufacturer (OEM)          
               
9 Global Automotive Aluminum Alloy (OE) Market, By Application        
 9.1 Introduction            
 9.2 Wheels             
 9.3 Heat Exchanger            
 9.4 Engine Component            
 9.5 Driveline             
 9.6 Body Parts            
                
10 Global Automotive Aluminum Alloy (OE) Market, By Heat Sensitivity Type       
 10.1 Introduction            
 10.2 Heat-Treatable (Al-Mg-Si)           
 10.3 Non Heat-Treatable (Al-Mg-Mn)          
               
11 Global Automotive Aluminum Alloy (OE) Market, By Geography        
 11.1 Introduction            
 11.2 North America            
  11.2.1 US            
  11.2.2 Canada            
  11.2.3 Mexico            
 11.3 Europe             
  11.3.1 Germany            
  11.3.2 UK            
  11.3.3 Italy            
  11.3.4 France            
  11.3.5 Spain            
  11.3.6 Rest of Europe           
 11.4 Asia Pacific            
  11.4.1 Japan            
  11.4.2 China            
  11.4.3 India            
  11.4.4 Australia            
  11.4.5 New Zealand           
  11.4.6 South Korea           
  11.4.7 Rest of Asia Pacific           
 11.5 South America            
  11.5.1 Argentina           
  11.5.2 Brazil            
  11.5.3 Chile            
  11.5.4 Rest of South America          
 11.6 Middle East & Africa           
  11.6.1 Saudi Arabia           
  11.6.2 UAE            
  11.6.3 Qatar            
  11.6.4 South Africa           
  11.6.5 Rest of Middle East & Africa          
                
12 Key Developments             
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 12.2 Acquisitions & Mergers           
 12.3 New Product Launch           
 12.4 Expansions            
 12.5 Other Key Strategies           
               
13 Company Profiling             
 13.1 ArcelorMittal SA            
 13.2 UACJ Corporation             
 13.3 ThyssenKrupp AG            
 13.4 Novelis Inc.             
 13.5 AMG Advanced Metallurgical Group NV            
 13.6 Massey Ferguson Ltd            
 13.7 Kobe Steel, Ltd.             
 13.8 Constellium NV             
 13.9 Alcoa Inc.             
 13.10 Norsk Hydro ASA             


List of Tables              
1 Global Automotive Aluminum Alloy (OE) Market Outlook, By Region (2019-2028) ($MN)      
2 Global Automotive Aluminum Alloy (OE) Market Outlook, By Type (2019-2028) ($MN)      
3 Global Automotive Aluminum Alloy (OE) Market Outlook, By 10 mg (2019-2028) ($MN)      
4 Global Automotive Aluminum Alloy (OE) Market Outlook, By 20 mg (2019-2028) ($MN)      
5 Global Automotive Aluminum Alloy (OE) Market Outlook, By 30 mg (2019-2028) ($MN)      
6 Global Automotive Aluminum Alloy (OE) Market Outlook, By Vehicle Type (2019-2028) ($MN)      
7 Global Automotive Aluminum Alloy (OE) Market Outlook, By Passenger Vehicles (2019-2028) ($MN)     
8 Global Automotive Aluminum Alloy (OE) Market Outlook, By Commercial Vehicle (2019-2028) ($MN)     
9 Global Automotive Aluminum Alloy (OE) Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)    
10 Global Automotive Aluminum Alloy (OE) Market Outlook, By Heavy Commercial Vehicle (2019-2028) ($MN)    
11 Global Automotive Aluminum Alloy (OE) Market Outlook, By Electric Vehicle (2019-2028) ($MN)     
12 Global Automotive Aluminum Alloy (OE) Market Outlook, By Plug-in Hybrid Electric Vehicles (2019-2028) ($MN)    
13 Global Automotive Aluminum Alloy (OE) Market Outlook, By Hybrid Electric Vehicle (2019-2028) ($MN)     
14 Global Automotive Aluminum Alloy (OE) Market Outlook, By Battery Electric Vehicle (2019-2028) ($MN)     
15 Global Automotive Aluminum Alloy (OE) Market Outlook, By Product (2019-2028) ($MN)      
16 Global Automotive Aluminum Alloy (OE) Market Outlook, By Cast Aluminium (2019-2028) ($MN)     
17 Global Automotive Aluminum Alloy (OE) Market Outlook, By Rolled Aluminium (2019-2028) ($MN)     
18 Global Automotive Aluminum Alloy (OE) Market Outlook, By Extruded Aluminium (2019-2028) ($MN)     
19 Global Automotive Aluminum Alloy (OE) Market Outlook, By Sales Channel (2019-2028) ($MN)     
20 Global Automotive Aluminum Alloy (OE) Market Outlook, By Aftermarket (2019-2028) ($MN)      
21 Global Automotive Aluminum Alloy (OE) Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)   
22 Global Automotive Aluminum Alloy (OE) Market Outlook, By Application (2019-2028) ($MN)      
23 Global Automotive Aluminum Alloy (OE) Market Outlook, By Wheels (2019-2028) ($MN)      
24 Global Automotive Aluminum Alloy (OE) Market Outlook, By Heat Exchanger (2019-2028) ($MN)     
25 Global Automotive Aluminum Alloy (OE) Market Outlook, By Engine Component (2019-2028) ($MN)     
26 Global Automotive Aluminum Alloy (OE) Market Outlook, By Driveline (2019-2028) ($MN)      
27 Global Automotive Aluminum Alloy (OE) Market Outlook, By Body Parts (2019-2028) ($MN)      
28 Global Automotive Aluminum Alloy (OE) Market Outlook, By Heat Sensitivity Type (2019-2028) ($MN)     
29 Global Automotive Aluminum Alloy (OE) Market Outlook, By Heat-Treatable (Al-Mg-Si) (2019-2028) ($MN)    
30 Global Automotive Aluminum Alloy (OE) Market Outlook, By Non Heat-Treatable (Al-Mg-Mn) (2019-2028) ($MN)    
               
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

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