According to Stratistics MRC, the Global Automotive Aluminum Alloy (OE) Market is accounted for $4,038.53 million in 2020 and is expected to reach $10,435.91 million by 2028 growing at a CAGR of 12.6% during the forecast period. Developments and advancements in the transportation sector, growing demand for electric vehicles across the globe and high utilization of aluminum in vehicle manufacturing application are driving the market growth. However, high cost associated with the technology and engineering barriers are hampering the growth of the market.
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Based on the application, the heat exchanger segment is going to have lucrative growth during the forecast period as heat exchangers are widely employed in vehicles for various applications such as engine cooling, fuel cooling, condenser and evaporators for air conditioning system. Aluminum alloy has high thermal conductivity, corrosion resistance property and good formability owing to which aluminum is used in heat exchangers. By geography, Asia Pacific is going to have high growth during the forecast period due to the presence of a prominent automotive industry in the developing nations, high vehicle production and increasing production and sales of electric vehicles, especially in China.
Some of the key players profiled in the Automotive Aluminum Alloy (OE) Market include ArcelorMittal SA, UACJ Corporation, ThyssenKrupp AG, Novelis Inc., AMG Advanced Metallurgical Group NV, Massey Ferguson Ltd, Kobe Steel, Ltd., Constellium NV, Alcoa Inc. and Norsk Hydro ASA.
Types Covered:
• 10 mg
• 20 mg
• 30 mg
Vehicle Types Covered:
• Passenger Vehicles
• Commercial Vehicle
• Electric Vehicle
Products Covered:
• Cast Aluminium
• Rolled Aluminium
• Extruded Aluminium
Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturer (OEM)
Applications Covered:
• Wheels
• Heat Exchanger
• Engine Component
• Driveline
• Body Parts
Heat Sensitivity Types Covered:
• Heat-Treatable (Al-Mg-Si)
• Non Heat-Treatable (Al-Mg-Mn)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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