IRVING, Texas, May 12, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, the future of aluminum in the global automotive industry looks good with opportunities in the segments of passenger cars and commercial vehicles. Aluminum in the global automotive industry is expected to reach an estimated $42.4 billion by 2022 and it is forecast to grow at a CAGR of 7.4% from 2017 to 2022.
Browse 122 market data tables and 149 figures spread through 235 pages and in-depth TOC on "Aluminum in the Global Automotive Industry"
Within the global automotive aluminum industry, the cast aluminum segment is expected to remain the largest market.
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Asia Pacific is expected to remain the largest region due to high vehicle production, improving economic conditions, and increasing investments by the industry players within the APAC region.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of aluminum in chassis and structural applications. Alcoa Inc., Novelis Inc., Norsk Hydro ASA (ADR), Constellium N.V., and Aleris International are the major aluminum suppliers in the global automotive industry.
The study includes a forecast for aluminum in the global automotive industry by vehicle type, product form, application type, and region, as follows:
Aluminum in the global automotive industry by vehicle type ($ Million and kilo tons from 2011 to 2022)
- Small Cars
- Compact Cars
- Mid-Size Cars
- Large Cars
- SUVs & Crossovers
- Multi-Purpose Vehicles
- Pickup Trucks
Aluminum in the global automotive industry by Product Forms ($ Million from 2011 to 2022)
- Cast Aluminum
- Rolled Aluminum
- Extruded Aluminum
Aluminum in the global automotive industry by application type ($ Million from 2011 to 2022)
- Transmissions and Drivelines
- Heat Transfer Systems
- Wheels and Brakes
- Structural Components
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