The report “Automotive Aluminum Market by Product Form (Cast Aluminum, Rolled Aluminum, & Extruded Aluminum), Application (Powertrain, Chassis & Suspension, & Car Body), Vehicle Type (Passenger Car, LCV, & HCV), Region – Global Forecast to 2026″, The automotive aluminum market is projected to grow from USD 47.91 Billion in 2016 to USD 111.80 Billion by 2026, at a CAGR of 8.8% from 2016 to 2026.
Browse 81 market data tables and 76 figures spread through 164 pages and in-depth TOC on “Automotive Aluminum Market by Product Form (Cast Aluminum, Rolled Aluminum, & Extruded Aluminum), Application (Powertrain, Chassis & Suspension, & Car Body), Vehicle Type (Passenger Car, LCV, & HCV), Region – Global Forecast to 2026″
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The objectives of this study are:–
-To define, describe, and forecast the automotive aluminum market on the basis of application, vehicle type, product form, and region
– To estimate and forecast the size of the automotive aluminum market, in terms of value (USD million) and volume (thousand metric tons)
– To provide the market share analysis of the major players in the automotive aluminum market
– To estimate and forecast the automotive aluminum market on the basis of product form, vehicle type, and application in key regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America
– To identify and analyze the key drivers, restraints, threats, and opportunities influencing the automotive aluminum market
– To analyze region-specific trends in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America
– To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the overall automotive aluminum market
– To strategically identify and profile key players in the automotive aluminum market and analyze their core competencies
– To track and analyze recent developments, such as new product launches, expansions, agreements, and acquisitions in the automotive aluminum market
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The powertrain application segment led the automotive aluminum market in 2016, in terms of value. The growth of the powertrain application segment of the automotive aluminum market can be attributed to increased use of aluminum in automotive manufacturing in the North American and Asia-Pacific regions.
Among product forms, the cast aluminum segment accounted for the largest share of the automotive aluminum market in 2016. The growth of this segment of the automotive aluminum market can be attributed to increasing demand for lightweight components made of cast aluminum for engines and powertrains that improve both, fuel efficiency as well as overall dynamics of vehicles.
The North American region accounted for the largest share of the automotive aluminum market in 2016. The growth of the North America automotive aluminum market can be attributed to implementation of Corporate Average Fuel Economy (CAFE) standards in the region, which mandate automobile companies to strive for fuel efficiency of 27.5 miles per gallon (mpg) for cars and 23.5 miles per gallon (mpg) for trucks by 2016 and 37.8 miles per gallon for cars (mpg) and 28.8 miles per gallon (mpg) for trucks within the next few years. Thus, automobile companies in the North American region prefer aluminum over steel as it helps to achieve improved aerodynamics and reduces weight of vehicles, thereby resulting in fuel savings.
