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Global Automotive Aluminum Market Research Report 2023-2028:
According to the latest report by IMARC Group, titled " Automotive Aluminum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forec ast 2023-2028
," the global automotive aluminum market size reached US$ 27.9 Billion in 2022.
Automotive aluminum is extensively utilized in the manufacturing of vehicles. Since aluminum is a good electrical and heat conductor that is non-corrosive, lightweight and durable in nature, it usually offers excellent dent resistance and stability while improving fuel efficiency and reducing vehicular emissions.
As a result, it is widely utilized as an essential component to manufacture various automotive parts, including fuel systems, wheels, heat shields, frames, car interiors, and damper struct consoles. Apart from this, it is also used in the manufacturing of engine components, such as cylinder heads, radiators, and pistons.
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The global market is primarily driven by significant growth in the automotive sector. Along with this, the increasing preference for light-weighted vehicles among the masses has significantly influenced the market growth across the globe. This has also encouraged leading players in the market to utilize aluminum as a preferred alternative to steel, which is providing a boost to the market growth on the global level. Moreover, the rising environmental concerns among individuals have further accelerated the utilization of aluminum across the automotive industry.
Apart from this, continual technological advancements in the sector are creating a positive outlook for the market across the globe. For instance, the widespread adoption of collaborative robots and machine vision techniques in the manufacturing of automobiles is positively influencing the market growth on the global level. Some of the other factors contributing to the market growth include the inflating disposable income level of the masses and extensive research and development (R&D) activities conducted by key players.
Looking forward, IMARC Group expects the market is anticipated to grow at a CAGR of 8.67% during the forecast period (2023-2028).
View Report TOC, Figures and Tables: https://www.imarcgroup.com/automotive-aluminium-market
Key Market Segmentation
The research report includes the following segments:
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
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• 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
• Federal-Mogul Holding Corporation
• ElringKlinger AG
• ThermoTec Automotive
1. How has the global automotive aluminum market performed so far and how will it perform in the coming years?
2. What are the key regional markets in the global automotive aluminum industry?
3. What has been the impact of COVID-19 on the global automotive aluminum market?
4. What is the breakup of the market based on the application?
5. What is the breakup of the market based on the vehicle type?
6. What is the breakup of the market based on the product form?
7. What are the various stages in the value chain of the industry?
8. What are the key driving factors and challenges in the industry?
9. What is the structure of the global automotive aluminum industry and who are the key players?
10. What is the degree of competition in the industry?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/automotive-aluminium-market/toc
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