The latest report by IMARC Group, titled “Automotive Aluminum Market Report by Product Form (Cast Aluminum, Rolled Aluminum, Extruded Aluminum), Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)), Application (Powertrain, Chassis and Suspension, Car Body), and Region 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global automotive aluminum market share. The global market size reached US$ 30.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 59.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7.6% during 2024-2032. 

Aluminum, a lightweight and corrosion-resistant material widely used in vehicle manufacturing, plays a pivotal role in enhancing fuel efficiency and performance while minimizing environmental impact. Its low density contributes to lighter vehicles, improving fuel efficiency, reducing emissions, and enhancing mileage, all in line with the automotive industry's eco-friendly objectives. Moreover, its corrosion resistance ensures the longevity of automotive components, cutting down maintenance expenses, while its flexibility allows for intricate designs and advanced safety features. Consequently, automotive aluminum is experiencing growing popularity worldwide.

Automotive Aluminum Market Trends and Drivers:

The automotive aluminum market experiences significant momentum driven primarily by the emergence of electric and hybrid vehicles. This surge is further fueled by aluminum's increasing utilization to enhance range, elevate energy efficiency, and diminish vehicle weight, consequently impacting market expansion. Concurrently, ongoing research endeavors have yielded advanced aluminum alloys characterized by heightened strength and endurance, all while maintaining a lightweight structure. This advancement enables automakers to integrate aluminum into crucial structural elements without compromising safety, thereby serving as a pivotal catalyst for market growth. Additionally, evolving consumer preferences favor lightweight vehicles for superior handling and responsiveness, amplifying their appeal across diverse consumer segments and stimulating sales demand. Furthermore, the escalating adoption of automotive aluminum is spurred by stringent emission regulations aimed at curbing emissions and enhancing fuel efficiency, thus propelling market growth. Moreover, continual advancements in aluminum production and manufacturing technologies have bolstered cost-effectiveness for automakers, facilitating the seamless integration of aluminum components into their vehicles and fostering a positive market outlook.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/automotive-aluminium-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Form:

  • Cast Aluminum
    • Die Casting
    • Permanent Mold Casting
    • Sand Casting
  • Rolled Aluminum
    • Aluminum Plate
    • Aluminum Sheet
    • Aluminum Foil
  • Extruded Aluminum

Breakup by Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles (LCV)
  • Heavy Commercial Vehicles (HCV)

Breakup by Application:

  • Powertrain
    • Pistons
    • Engine Blocks
    • Fuel Systems
    • Heat Shields
    • Heat Exchangers
  • Chassis and Suspension
    • Suspension Parts
    • Wheels
    • Steering Systems
    • Brake Systems
  • Car Body
    • Body Structure
    • Roof and Trim
    • Car Interiors
    • Hang-On Parts

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Alcoa Inc.
  • Novelis
  • Rio Tinto Alcan
  • Constellium
  • BHP
  • AMG Advanced Metallurgical
  • UACJ Corporation
  • Norsk Hydro ASA
  • Dana Holding Corporation
  • Progress-Werk Oberkirch AG
  • Jindal Aluminium
  • Kaiser Aluminum
  • Lorin Industries
  • Tenneco Inc.
  • ElringKlinger AG
  • ThermoTec Automotive

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163