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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.
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The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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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.
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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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Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
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.
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