Aluminium Market for the Automotive Market

“Aluminium Market for the Automotive Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2021-2026” provides a deep and thorough evaluation of the global aluminium market for the automotive market. Aluminium is utilized as a raw material for the manufacturing of the frame and body of the vehicle. It is used for the manufacturing of powertrain, chassis, suspension, wheels, condensers, pipes and engine components, such as pistons, radiator and cylinder heads. The aluminium is cast, rolled and extruded based on the type of the vehicle and is extensively used in passenger cars and light and heavy commercial vehicles.

The global aluminium for automotive industry is primarily being driven by the increasing requirement for lightweight and durable automobile components. Moreover, the rising demand for high strength, corrosion-resistant and thermal and electrically conductive materials for passenger vehicles is favoring the market growth. Other factors, including increasing concerns for passenger and driver safety, along with the rising demand for electric vehicles (EVs), are driving the market toward growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the aluminium market for the automotive market and can also impact its future growth. Taking 2020 as the base year, the report covers the historical market scenario from 2015-2020 and provides forecasts till 2026. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the aluminium market for the automotive market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the aluminium market for the automotive market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the aluminium market for the automotive Industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the aluminium market for the automotive Industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the aluminium market for the automotive Industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the aluminium market for the automotive Industry. Furthermore, the value chain analysis of the aluminium market for the automotive Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Key Segments and Highlights of the Global Aluminium Market for the Automotive Market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players         

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the aluminium market for the automotive industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.