Global Automotive Aluminum Market to Grow at 7.3% During 2025-2033, Impelled by Increasing Preference for Lightweight Vehicles

January 07, 2025 | Automotive Industry

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According to the latest report by IMARC Group, titled "Automotive Aluminum Market Report by Product Form (Cast Aluminum, Rolled Aluminum, Extruded Aluminum), Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)), Application (Powertrain, Chassis and Suspension, Car Body), and Region 2025-2033," the global automotive aluminum market reached a value of USD 32.6 Billion in 2024. Automotive aluminum is extensively utilized in the manufacturing of vehicles. Since aluminum is a good electrical and heat conductor that is non-corrosive, lightweight and durable in nature, it usually offers excellent dent resistance and stability while improving fuel efficiency and reducing vehicular emissions. As a result, it is widely utilized as an essential component to manufacture various automotive parts, including fuel systems, wheels, heat shields, frames, car interiors, and damper struct consoles. Apart from this, it is also used in the manufacturing of engine components, such as cylinder heads, radiators, and pistons.

Global Automotive Aluminum Market Trends:

The global market is primarily driven by significant growth in the automotive sector. Along with this, the increasing preference for light-weighted vehicles among the masses has significantly influenced the market growth across the globe. This has also encouraged leading players in the market to utilize aluminum as a preferred alternative to steel, which is providing a boost to the market growth on the global level. Moreover, the rising environmental concerns among individuals have further accelerated the utilization of aluminum across the automotive industry. Apart from this, continual technological advancements in the sector are creating a positive outlook for the market across the globe. For instance, the widespread adoption of collaborative robots and machine vision techniques in the manufacturing of automobiles is positively influencing the market growth on the global level. Some of the other factors contributing to the market growth include the inflating disposable income level of the masses and extensive research and development (R&D) activities conducted by key players. Looking forward, the market value is projected to reach USD 61.3 Billion by 2033, expanding at a CAGR of 7.3% during 2025-2033.

Market Summary:

On the basis of the product form, the market has been categorized into cast aluminum (die casting, permanent mold casting, sand casting), rolled aluminum (aluminum plate, aluminum sheet, aluminum foil) and extruded aluminum.
Based on the vehicle type, the market has been segregated into passenger cars, light commercial vehicles (LCV) and heavy commercial vehicles (HCV).
On the basis of the application, the market has been segmented into powertrain (pistons, engine blocks, fuel systems, heat shields, heat exchangers), chassis and suspension (suspension parts, wheels, steering systems, brake systems), car body (body structure, roof and trim, car interiors, and hang-on parts).
Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Arconic, Constellium, Howard Precision Metals Inc, Jindal Aluminium Limited, Kaiser Aluminum, Lorin Industries, Inc., Norsk Hydro ASA, Novelis Inc. (Hindalco Industries Limited), Speira GmbH, ST Extruded Products Group (STEP-G), UACJ Corporation, etc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product Form, Vehicle Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Arconic, Constellium, Howard Precision Metals Inc, Jindal Aluminium Limited, Kaiser Aluminum, Lorin Industries, Inc., Norsk Hydro ASA, Novelis Inc. (Hindalco Industries Limited), Speira GmbH, ST Extruded Products Group (STEP-G), UACJ Corporation, etc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Automotive Aluminum Market to Grow at 7.3% During 2025-2033, Impelled by Increasing Preference for Lightweight Vehicles

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