Lucintel anticipates high demand for lightweight vehicles to drive aluminum growth in the global automotive industry during 2015-2020

Aluminum in global automotive industry is expected to grow at a CAGR of 7.4% during 2015-2020. High demand for lightweight vehicles increases the demand for aluminum in the automotive industry. The demand for lightweight vehicles is highly influenced by factors, such as high fuel price, government regulations (CAFÉ and Euro emission standards), and environmental impacts (carbon footprint). Aluminum is the fastest-growing materials in the automotive industry as it offers the cost-effective way to boost fuel economy and reduce carbon emissions. Asia Pacific (APAC) has been the top region in terms of total automotive aluminum consumption, followed by North America, Europe, and Rest of the World (ROW) in 2014.
Lucintel, a leading global management consulting and market research firm, has analyzed the aluminum in global automotive industry by region and has come up with a comprehensive research report, “Growth Opportunities for Aluminum in Global Automotive Industry 2015-2020: Trend, Forecast, and Market Analysis”. This report provides an analysis of aluminum in global automotive industry, including the market trends, growth opportunities, key drivers, and emerging trends in the market. The study also includes the forecast for aluminum in global automotive industry through 2020 by value ($M) and volume (M lbs) segment breakdown by region, vehicle type, product form and application as follows:

Aluminum in the global automotive industry segmented by region:
• North America
• Europe
• Asia Pacific
• Rest of the World

Aluminum in the global automotive industry segmented by vehicle type for the year 2014:
• Passenger cars
• Light commercial vehicles

Aluminum in the global automotive industry segmented by product form:
• Cast aluminum
• Rolled aluminum
• Extruded aluminum
• Other aluminum (forged aluminum)

Aluminum in the global automotive industry segmented by application:
• Engine
• Transmission and driveline
• Heat transfer
• Wheels and brakes
• Structural components
• Others

On the basis of its comprehensive research, Lucintel forecasts that cast aluminum is expected to be the major segment in the global automotive aluminum market by product form during the forecast period. Casting is a simple, inexpensive and versatile way of forming aluminum into a wide array of products. Rolled aluminum is growing at a favorable growth rate during the forecast period; this form of aluminum material is expected to grow at a CAGR of 12.2% from 2015 to 2020. Application of sheet or rolled aluminum material in the in the structural component of the vehicle is going to increase the demand of rolled aluminum during the forecast period. Currently, an average North American passenger car has 22.7 kilograms of aluminum body sheet compared to 20.4 kilograms for the average European car; however, it is estimated that the usage of aluminum body sheet per vehicle will reach 66.2 kilograms in North America and 36.1 kilograms in Europe by 2020. North American region is expected to be the highest growing region during the forecast period due to strict fuel economy standards. The US issued new corporate average fuel economy (CAFE) standards for model year 2017-2025 light-duty vehicles, with the nominal requirement of 54.5 miles per gallon by 2025.
Alcoa Inc., Aleris International, Aluminum Corporation of China Limited, Constelliu NV, Kaiser Aluminum Corp., Norsk Hydro ASA, Novelis Inc., Rio Tinto Alcan, United Company RUSAL Plc, and Vimetco N.V., are some of the major suppliers of the automotive aluminum. The industry players are opting for M& A, innovation and expansion for growing their business. Several important emerging trends which have a direct impact on the dynamics of the industry include advanced manufacturing technology and aluminum-air battery.

This research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Matrix.

Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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This release was published on openPR.