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PUBLISHER: IMARC | PRODUCT CODE: 1541521
PUBLISHER: IMARC | PRODUCT CODE: 1541521
Automotive Metals Market Report by Product (Aluminum, Steel, Magnesium, and Others), Application (Body Structure, Power Train, Suspension, and Others), End Use (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Region 2024-2032
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The global automotive metals market size reached US$ 97.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 143.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.23% during 2024-2032.
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:
IMARC Group 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?
Product Code: SR112024A6414
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 14.3.1 Allegheny Technologies Incorporated
Product Code: SR112024A6414
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
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