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, 2016 – 2026
New York, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Automotive Aluminium Alloy Market By Product Form, By Vehicle Type, By Application, By Region, Competition, Forecast & Opportunities, 2016 – 2026" - https://www.reportlinker.com/p06020636/?utm_source=GNW
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:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
• To analyze and forecast the Global Automotive Aluminium Alloy Market size.
• To classify and forecast the Global Automotive Aluminium Alloy Market based on product form, vehicle type, application and regional distribution.
• To identify drivers and challenges for the Global Automotive Aluminium Alloy Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Automotive Aluminium Alloy Market.
• To conduct the pricing analysis for the Global Automotive Aluminium Alloy Market.
• To identify and analyze the profile of leading players operating in the Global Automotive Aluminium Alloy Market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the product offerings, distribution channels and presence of all major manufacturers across the globe.
The analyst 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 analyst 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 by the analyst.
Key Target Audience:
• Automotive aluminium alloy manufacturers and other stakeholders
• Government bodies such as regulating authorities and policymakers
• Organizations, forums and alliances related to the automotive aluminium alloy market
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end-users. The report also provides useful insights about which the market segments should be targeted over the coming years in order to strategize investments and capitalize on the growth opportunities.
In this report, the Global Automotive Aluminium Alloy Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Automotive Aluminum Alloy Market, by Product Form:
o Cast Aluminium
o Rolled Aluminium
o Extruded Aluminium
• Global Automotive Aluminum Alloy Market, by Vehicle Type:
o Passenger Car
o Light Commercial Vehicle (LCV)
o Medium & Heavy Commercial Vehicle (M&HCV)
• Global Automotive Aluminum Alloy Market, by Application:
o Engine Component
o Body Parts
• Global Automotive Aluminum Alloy Market, by Region:
o North America
o Middle East & Africa
o South America
Company Profiles: Detailed analysis of the major companies present in the Global Automotive Aluminium Alloy Market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06020636/?utm_source=GNW
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