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Automotive Metals Market Report by Product, Application, End Use, and Region 2024-2032

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    Report

  • 147 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5700911
The global automotive metals market size reached US$ 97.9 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 143.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.36% during 2023-2032.

Automotive metals are raw materials used to manufacture different parts of vehicles, such as bodies, wheels, chassis, panels, and doors. They comprise aluminum, steel, magnesium alloys, copper, plastics, composites, rubber, glass, leather, and carbon fiber reinforced polymer (CFRP). They are easy-to-weld materials that can be cut and joined with conventional welding equipment and techniques. They are highly durable and cost-effective and assist in improving the fuel efficiency of vehicles. Automotive metals also aid in reducing the weight of vehicles and providing safety to drivers and passengers. Besides this, they offer thermal, chemical, and environmental resistance to vehicles for increasing their shelf-life.

Automotive Metals Market Trends:

At present, there is a rise in the demand for personal vehicles to cover distances between home, work, educational institutions and shopping malls across the globe. This, along with the burgeoning automobile industry, represents one of the key factors driving the market. Besides this, governments of several countries are undertaking initiatives to enhance the manufacturing capabilities of vehicles. They are also focusing on promoting the usage of environment-friendly materials to reduce carbon footprints. Moreover, the growing utilization of lightweight materials, such as aluminum and magnesium, in manufacturing car components, body structures, and power trains is positively influencing the market.

In addition, the rising demand for sports cars among the masses is offering lucrative growth opportunities to industry investors. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce various metals that help reduce the weight of the vehicle and greenhouse gas emissions. Additionally, the increasing employment of steel to manufacture various parts of vehicles due to its high strength and affordability is contributing to the growth of the market. Furthermore, the growing application of advanced technologies, such as 3D printing, in manufacturing various vehicle components is offering a positive market outlook.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global automotive metals market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, application and end use.

Breakup by Product:

  • Aluminum
  • Steel
  • Magnesium
  • Others

Breakup by Application:

  • Body Structure
  • Power Train
  • Suspension
  • Others

Breakup by End Use:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Allegheny Technologies Incorporated, ArcelorMittal S.A., JSW Steel Ltd, Nippon Steel Corporation, Novelis Inc. (Hindalco Industries Limited), Nucor Corporation, POSCO, Tata Steel Ltd, Thyssenkrupp AG, United States Steel Corporation and Voestalpine AG.

Key Questions Answered in This Report

1. What was the size of the global automotive metals market in 2023?
2. What is the expected growth rate of the global automotive metals market during 2024-2032?
3. What are the key factors driving the global automotive metals market?
4. What has been the impact of COVID-19 on the global automotive metals market?
5. What is the breakup of the global automotive metals market based on the product?
6. What is the breakup of the global automotive metals market based on application?
7. What is the breakup of the global automotive metals market based on the end use?
8. What are the key regions in the global automotive metals market?
9. Who are the key players/companies in the global automotive metals market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Metals Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Aluminum
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Steel
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Magnesium
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Body Structure
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Power Train
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Suspension
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End Use
8.1 Passenger Cars
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Light Commercial Vehicles
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Heavy Commercial Vehicles
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Allegheny Technologies Incorporated
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 ArcelorMittal S.A.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 JSW Steel Ltd
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Nippon Steel Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Novelis Inc. (Hindalco Industries Limited)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 SWOT Analysis
14.3.6 Nucor Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 POSCO
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Tata Steel Ltd
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Thyssenkrupp AG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 United States Steel Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Voestalpine AG
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Automotive Metals Market: Major Drivers and Challenges
Figure 2: Global: Automotive Metals Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Automotive Metals Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Automotive Metals Market: Breakup by Product (in %), 2023
Figure 5: Global: Automotive Metals Market: Breakup by Application (in %), 2023
Figure 6: Global: Automotive Metals Market: Breakup by End Use (in %), 2023
Figure 7: Global: Automotive Metals Market: Breakup by Region (in %), 2023
Figure 8: Global: Automotive Metals (Aluminum) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Automotive Metals (Aluminum) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Automotive Metals (Steel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Automotive Metals (Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Automotive Metals (Magnesium) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Automotive Metals (Magnesium) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Automotive Metals (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Automotive Metals (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Automotive Metals (Body Structure) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Automotive Metals (Body Structure) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Automotive Metals (Power Train) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Automotive Metals (Power Train) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Automotive Metals (Suspension) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Automotive Metals (Suspension) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Automotive Metals (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Automotive Metals (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Automotive Metals (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Automotive Metals (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Automotive Metals (Light Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Automotive Metals (Light Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Automotive Metals (Heavy Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Automotive Metals (Heavy Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: North America: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: North America: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: United States: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: United States: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Canada: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Canada: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Asia-Pacific: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Asia-Pacific: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: China: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: China: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Japan: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Japan: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: India: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: India: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: South Korea: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: South Korea: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Australia: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Australia: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Indonesia: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Indonesia: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Others: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Others: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Europe: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Europe: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Germany: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Germany: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: France: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: France: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: United Kingdom: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: United Kingdom: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Italy: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Italy: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Spain: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Spain: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Russia: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Russia: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Latin America: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Latin America: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Brazil: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Brazil: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Mexico: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Mexico: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Others: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Others: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Middle East and Africa: Automotive Metals Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Middle East and Africa: Automotive Metals Market: Breakup by Country (in %), 2023
Figure 78: Middle East and Africa: Automotive Metals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Global: Automotive Metals Industry: SWOT Analysis
Figure 80: Global: Automotive Metals Industry: Value Chain Analysis
Figure 81: Global: Automotive Metals Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Automotive Metals Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Automotive Metals Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Automotive Metals Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Automotive Metals Market Forecast: Breakup by End Use (in Million US$), 2024-2032
Table 5: Global: Automotive Metals Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Automotive Metals Market: Competitive Structure
Table 7: Global: Automotive Metals Market: Key Players

Companies Mentioned

  • Allegheny Technologies Incorporated
  • ArcelorMittal S.A.
  • JSW Steel Ltd
  • Nippon Steel Corporation
  • Novelis Inc. (Hindalco Industries Limited)
  • Nucor Corporation
  • POSCO
  • Tata Steel Ltd
  • Thyssenkrupp AG
  • United States Steel Corporation
  • Voestalpine AG.

Methodology

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Table Information