Aluminum in the global automotive industry is expected to reach $42.4 billion by 2022

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
• Others

Aluminum in the global automotive industry by application type ($ Million from 2011 to 2022)

• Engines
• Transmissions and Drivelines
• Heat Transfer Systems
• Wheels and Brakes
• Structural Components 

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For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link   http://www.lucintel.com/aluminum_in_automotive_industry_17.aspx or [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. Lucintel 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.

For more details contact:
Tushita Roy
Sr. Manager- Client Engagement,
Netherlands 
+31-682270883 
[email protected]

SOURCE Lucintel

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