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Aluminum Plates and Sheets Market for Automotive and Transportation Industry by Product, End-user, and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR46414
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The aluminum plates and sheets market size for the automotive and transportation industry has the potential to grow by 249.50 thousand MT during 2020-2024, and the market's growth momentum will accelerate at a CAGR of 3.71%. 

This report provides a detailed analysis of the market by product aluminum sheets and aluminum plates), end-user (automotive, marine, and others), geography (APAC, North America, Europe, South America, and MEA), and key vendors. 

Market Overview

Aluminum Plates and Sheets Market Size

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Market Competitive Analysis

The report analyzes the market's competitive landscape and offers information on several market vendors, including: 

 

  • Alcoa Corp.
  • AMCO Metall-Service GmbH
  • CHINALCO
  • Constellium SE
  • Hindalco Industries Ltd.
  • Kobe Steel Ltd.
  • Logan Aluminum
  • Norsk Hydro ASA
  • Richard Austin Alloys Ltd.
  • Tajik Aluminium Co.

 

The aluminum plates and sheets market for the automotive and transportation industry is fragmented and the vendors are deploying growth strategies such as innovation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as rising demand for fuel-efficient automobiles and the reduction of carbon dioxide emissions to achieve growth opportunities. However, factors such as closure of aluminum smelting units resulting in feedstock market imbalance will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the aluminum plates and sheets market forecast for the automotive and transportation industry report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This aluminum plates and sheets market analysis for the automotive and transportation industry report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities. 

Aluminum Plates and Sheets Market for Automotive and Transportation Industry: Key Drivers and Trends

  • The market research analysis identifies the rising demand for fuel-efficient automobiles and the reduction of carbon dioxide emissions as one of the primary growth factors for this market. 
  •  Since the reduced bodyweight of the vehicle results in more fuel-efficiency, OEMs will start focusing on using aluminum for manufacturing vehicles as it is lighter than steel.
  • The increasing demand for public transports is one of the key aluminum plates & sheets market trends for the automobile and transportation industry. 
  • Aluminum embossed and checkered sheet coils are used for flooring and paneling applications in the transportation segment. 
  • The use of aluminum is increasing in these mass transportation vehicles due to its advantages such as lightweight, efficiency, easy maintenance requirements, and reduced fuel consumption and carbon emission.

 

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Aluminum Plates and Sheets Market for Automotive and Transportation Industry: Segmentation by Geography

Aluminum Plates and Sheets Market Market segmentation by region

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58% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for aluminum plates and sheets market for the automotive and transportation industry in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increase in automobile production is one of the prime factors that will facilitate the aluminum plates and sheets market for the automotive and transportation industry growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Aluminum Plates and Sheets Market for Automotive and Transportation Industry: Segmentation by Product

Aluminum Plates and Sheets Market Segmentation

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Aluminum sheets are the most widely used aluminum alloys in the transport industries, which are used for roofing and paneling. This is increasing the demand for aluminum sheet bodies in the automotive and transport industries. Factors such as the stringent government rules toward the reduction of carbon dioxide emissions will contribute to the growth of this market segment in the coming years. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the aluminum plates and sheets market size for the automotive and transportation industry. Fetch actionable market insights on the post-COVID-19 impact on each segment.   

 

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Aluminum Plates and Sheets Market for Automotive and Transportation Industry: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive aluminum plates and sheets market growth for automotive and transportation industry during the next five years
  • Precise estimation of the aluminum plates and sheets market size for automotive and transportation industry and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aluminum plates and sheets market for automotive and transportation industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aluminum plates and sheets market for automotive and transportation industry vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five force summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Aluminum sheets - Market size and forecast 2019-2024
    • Aluminum plates - Market size and forecast 2019-2024
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Automotive - Market size and forecast 2019-2024
    • Marine - Market size and forecast 2019-2024
    • Others - Market size and forecast 2019-2024
    • Market opportunity by End user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2019-2024
      • North America - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Alcoa Corp.
      • AMCO Metall-Service GmbH
      • CHINALCO
      • Constellium SE
      • Hindalco Industries Ltd.
      • Kobe Steel Ltd.
      • Logan Aluminum
      • Norsk Hydro ASA
      • Richard Austin Alloys Ltd.
      • Tajik Aluminium Co.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Aluminum Plates and Sheets Market for Automotive and Transportation Industry market growth will increase by $249.50 thousand MT during 2019-2024.
      The aluminum plates and sheets market for automotive and transportation industry market is expected to grow at a CAGR of 3.71% during 2019-2024.
      Technavio has segmented the aluminum plates and sheets market for automotive and transportation industry market by product (Aluminum sheets and Aluminum plates) ,end user (Automotive, Marine, and Others) , and geographic (APAC, North America, Europe, South America, and MEA).
      Alcoa Corp., AMCO Metall-Service GmbH, CHINALCO, Constellium SE, Hindalco Industries Ltd., Kobe Steel Ltd., Logan Aluminum, Norsk Hydro ASA, Richard Austin Alloys Ltd., Tajik Aluminium Co. are a few of the key vendors in the aluminum plates and sheets market for automotive and transportation industry market.
      APAC will register the highest growth rate of 58.12% among the other regions. Therefore, the aluminum plates and sheets market for automotive and transportation industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the aluminum plates and sheets market for automotive and transportation industry market growth are:
      • Growing use of aluminum sheets in electric vehicles
      The aluminum plates and sheets market for automotive and transportation industry market vendors should focus on grabbing business opportunities from the aluminum sheets segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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