Growth Opportunities for Aluminum in the Global Automotive Industry
The future of aluminum in the global automotive industry looks good with opportunities in thesegments of passenger cars and commercial vehicles. Aluminum in the global automotive industryis expected to reach an estimated $42.4 billion by 2022 and it is forecast to grow at a CAGR of7.4% from 2017 to 2022. The major drivers of growth for this market are increasing vehicleproduction, government regulations on the fuel economy and emission controls, increasingstringent safety regulations, and increasing gasoline prices.
In this market, cast aluminum, rolled aluminum, extruded aluminum are some of the majorsegments by product form. On the basis of our comprehensive research, Lucintel forecasts that theextruded aluminum and rolled aluminum segments are expected to show above average growthduring the forecast period.
Within the global automotive aluminum industry, the cast aluminum segment is expected to remainthe largest market. Casting is a simple, inexpensive, and versatile way of forming aluminum into awide array of products, which is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest region due to high vehicle production, improvingeconomic conditions, and increasing investments by the industry players within the APAC region.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities for aluminum in the global automotiveindustry in terms of value ($M) and volume (Kilo Tons) shipment
Trend and forecast analysis: Aluminum in the global automotive industry trend (2011-2016) and forecast (2017-2022) by region and segment
Segmentation analysis: Aluminum in the global automotive industry size from 2011 to2022 by vehicle type, product forms type, and application type as follows:
Aluminum in the global automotive industry size by vehicle type:
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