Global Automotive Aluminium Alloy Market (2020 to 2026) - by Product Form, Vehicle Type, Application and Region
18 February 2021
Dublin, Feb. 18, 2021 (GLOBE NEWSWIRE) -- The "Global Automotive Aluminium Alloy Market By Product Form (Cast Aluminium, Rolled Aluminium and Extruded Aluminium), By Vehicle Type (Passenger Car, LCV and M&HCV), By Application, By Region, Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering. Objective of the Study: The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.
The global automotive aluminium alloy market is expected to register strong growth during the forecast period, owing to increasing vehicle production and technological advancements. Automobile manufacturers are focusing on reducing vehicle weight by using aluminium in the body and various parts of vehicles. Use of aluminium lowers vehicle weight, thus improving its efficiency and stability. As a result, employment of aluminium alloy in vehicle parts such as closures, chassis and wheels is increasing.
On the basis of product form, the Global Automotive Aluminium Alloy Market has been segmented into cast aluminium, rolled aluminium and extruded aluminium. The demand for cast aluminium is increasing and the trend is likely to continue in the coming years, owing to the growing demand for lightweight components, such as engines and powertrain, which can be made with cast aluminium. Based on vehicle type, the Global Automotive Aluminium Alloy Market has been categorized into passenger car, light commercial vehicle (LCV) and medium & commercial vehicle (M&HCV) segments. The Passenger car segment accounted for the largest market share in 2020 and is anticipated to maintain its market dominance during the forecast period. Automotive aluminium alloy is used for various applications including engine components, wheels, body parts and others. The Wheel segment is expected to register growth, owing to its use in providing better acceleration and comfort. Lightweight vehicles reduce the hammering effect on the road and increase comfort.
The Global Automotive Aluminium Alloy Market is gaining traction across the globe, backed by strict government regulations aimed at curbing environmental pollution. Globally, the Asia-Pacific automotive aluminium alloy market is anticipated to account for the dominating position during forecast period, as Asian economies such as China and India are working towards achieving Euro 6 emission norms. The demand for automotive aluminium alloy is expected to increase in the Europe region due to technological advancements and increasing traction of electric vehicles.
Some of the major players operating in the Global Automotive Aluminium Alloy Market are Alcoa wheels, CM wheels, RUSAL, Atlas Steels, Ronal Wheels, ENKEI, Borbet, Hydro, ELVAL, Superior Industries. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
The publisher calculated the Global Automotive Aluminium Alloy Market size by using a bottom-up approach, where the data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Automotive Aluminium Alloy Market
4. Executive Summary
5. Voice of Customer
5.1. Factors Influencing Purchase Decision
5.2. Product Pricing
5.3. Challenges and Unmet Needs
5.4. Issues Faced Post Purchase
6. Global Automotive Aluminium Alloy Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Product Form (Cast Aluminium, Rolled Aluminium and Extruded Aluminium)
6.2.2. By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV) and Medium & Heavy Commercial Vehicle (M&HCV))
6.2.3. By Application (Engine Component, Wheels, Body Parts and Others)
6.2.4. By Company
6.2.5. By Region
6.3. Market Attractiveness Index
7. Asia-Pacific Automotive Aluminium Alloy Market Outlook
7.1. Market Size & Forecast
7.2. Market Share & Forecast
7.3. Asia-Pacific: Country Analysis
8. Europe Automotive Aluminium Alloy Market Outlook
8.1. Market Size & Forecast
8.2. Market Share & Forecast
8.3. Europe: Country Analysis
9. North America Automotive Aluminium Alloy Market Outlook
9.1. Market Size & Forecast
9.2. Market Share & Forecast
9.3. North America: Country Analysis
10. Middle East & Africa Automotive Aluminium Alloy Market Outlook
10.1. Market Size & Forecast
10.2. Market Share & Forecast
10.3. MEA: Country Analysis
11. South America Automotive Aluminium Alloy Market Outlook
11.1. Market Size & Forecast
11.2. Market Share & Forecast
11.3. South America: Country Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. ALERIS Corporation
14.2. Magna International Inc.
14.3. AUSTEM Company Ltd.
14.4. Bharat Forge Limited
14.5. Constellium N.V.
14.6. Flex-N-Gate Corporation
14.7. Gordon Auto Body Parts Co., Ltd.
14.8. KIRCHHOFF Automotive GmbH
14.9. Nanshan Group
14.10. Norsk Hydro ASA
14.11. UACJ Corporation
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/1g9rq3
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