AUTOMOTIVE & TRANSPORTATION
Global Automotive Metals Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Automotive Metals Market, By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), Propulsion (BEV, PHEV, and FCEV), Application (Body Structure, Power Train, Suspension, Chassis, Closures, and Others), Metal Type (Aluminium, Steel, Magnesium, and Others), Forming Technique (Roll Forming, Stretch Forming, Deep Drawing, Stamping, Hydroforming, and Others), Forming Type (Cold, Hot, and Warm), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global automotive metals market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Automotive metals refer to the various metallic materials used in the manufacturing and construction of vehicles, including cars, trucks, motorcycles, and other automotive vehicles. These metals are crucial components in the automotive industry, contributing to the structural integrity, performance, safety, and aesthetics of vehicles.
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Market Dynamics
DRIVERS
- Electric Vehicle (EV) expansion
- Fuel efficiency regulations
RESTRAINTS
- Environmental regulations and sustainability concerns
- Recycling challenges
OPPORTUNITIES
- Advanced light weighting technologies
- Advanced manufacturing techniques
CHALLENGES
- Supply chain disruptions
- Fluctuations in energy prices
SEGMENTATION
- Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Propulsion
- BEV
- PHEV
- FCEV
- Application
- Body Structure
- Power Train
- Suspension
- Chassis
- Closures
- Others
- Metal Type
- Aluminium
- Steel
- Mild Steel
- Alloy Steel
- High Strength Steel
- Advanced High Strength Steel
- Magnesium
- Others
- Forming Technique
- Roll Forming
- Stretch Forming
- Deep Drawing
- Stamping
- Hydroforming
- Others
- Forming Type
- Cold
- Hot
- Warm
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- ArcelorMittal
- POSCO
- Tata Steel Limited
- Voestalpine AG
- United States Steel Corporation
- Essar Steel
- Thyssenkrupp AG
- Novelis
- Kaiser Aluminum
- Alcoa Corporation
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Automotive Metals Market, by Vehicle Type
- 3.2 Global Automotive Metals Market, by Propulsion
- 3.3 Global Automotive Metals Market, by Application
- 3.4 Global Automotive Metals Market, by Metal Type
- 3.5 Global Automotive Metals Market, by Forming Technique
- 3.6 Global Automotive Metals Market, by Forming Type
- 3.7 Global Automotive Metals Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Increased adoption of Advanced High-Strength Steel (AHSS)
- 5.1.2 Growing demand for Aluminium Intensive Vehicles (AIVs)
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Electric Vehicle (EV) expansion
- 5.2.2 Fuel efficiency regulations
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Environmental regulations and sustainability concerns
- 5.3.2 Recycling challenges
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Advanced lightweighting technologies
- 5.4.2 Advanced manufacturing techniques
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Supply chain disruptions
- 5.5.2 Fluctuations in energy prices
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL AUTOMOTIVE METALS MARKET, BY VEHICLE TYPE
- 6.1 Vehicle Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Automotive Metals Market, by Vehicle Type (2019-2032)
- SECTION 7 - GLOBAL AUTOMOTIVE METALS MARKET, BY PROPULSION
- 7.1 Propulsion Summary
- 7.2 Market Attractive Index
- 7.3 Global Automotive Metals Market, by Propulsion (2019-2032)
- SECTION 8 - GLOBAL AUTOMOTIVE METALS MARKET, BY APPLICATION
- 8.1 Application Summary
- 8.2 Market Attractive Index
- 8.3 Global Automotive Metals Market, by Application (2019-2032)
- SECTION 9 - GLOBAL AUTOMOTIVE METALS MARKET, BY METAL TYPE
- 9.1 Metal Type Summary
- 9.2 Market Attractive Index
- 9.3 Global Automotive Metals Market, by Metal Type (2019-2032)
- SECTION 10 - GLOBAL AUTOMOTIVE METALS MARKET, BY FORMING TECHNIQUE
- 10.1 Forming Technique Summary
- 10.2 Market Attractive Index
- 10.3 Global Automotive Metals Market, by Forming Technique (2019-2032)
- SECTION 11 - GLOBAL AUTOMOTIVE METALS MARKET, BY FORMING TYPE
- 11.1 Forming Type Summary
- 11.2 Market Attractive Index
- 11.3 Global Automotive Metals Market, by Forming Type (2019-2032)
- SECTION 12 - GLOBAL AUTOMOTIVE METALS MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Automotive Metals Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA AUTOMOTIVE METALS MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Automotive Metals Market, by Vehicle Type (2019-2032)
- 13.4 North America Automotive Metals Market, by Propulsion (2019-2032)
- 13.5 North America Automotive Metals Market, by Application (2019-2032)
- 13.6 North America Automotive Metals Market, by Metal Type (2019-2032)
- 13.7 North America Automotive Metals Market, by Forming Technique (2019-2032)
- 13.8 North America Automotive Metals Market, by Forming Type (2019-2032)
- 13.9 North America Automotive Metals Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE AUTOMOTIVE METALS MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Automotive Metals Market, by Vehicle Type (2019-2032)
- 14.4 Europe Automotive Metals Market, by Propulsion (2019-2032)
- 14.5 Europe Automotive Metals Market, by Application (2019-2032)
- 14.6 Europe Automotive Metals Market, by Metal Type (2019-2032)
- 14.7 Europe Automotive Metals Market, by Forming Technique (2019-2032)
- 14.8 Europe Automotive Metals Market, by Forming Type (2019-2032)
- 14.9 Europe Automotive Metals Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC AUTOMOTIVE METALS MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Automotive Metals Market, by Vehicle Type (2019-2032)
- 15.4 Asia-Pacific Automotive Metals Market, by Propulsion (2019-2032)
- 15.5 Asia-Pacific Automotive Metals Market, by Application (2019-2032)
- 15.6 Asia-Pacific Automotive Metals Market, by Metal Type (2019-2032)
- 15.7 Asia-Pacific Automotive Metals Market, by Forming Technique (2019-2032)
- 15.8 Asia-Pacific Automotive Metals Market, by Forming Type (2019-2032)
- 15.9 Asia-Pacific Automotive Metals Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA AUTOMOTIVE METALS MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Automotive Metals Market, by Vehicle Type (2019-2032)
- 16.4 South America Automotive Metals Market, by Propulsion (2019-2032)
- 16.5 South America Automotive Metals Market, by Application (2019-2032)
- 16.6 South America Automotive Metals Market, by Metal Type (2019-2032)
- 16.7 South America Automotive Metals Market, by Forming Technique (2019-2032)
- 16.8 South America Automotive Metals Market, by Forming Type (2019-2032)
- 16.9 South America Automotive Metals Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA AUTOMOTIVE METALS MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Automotive Metals Market, by Vehicle Type (2019-2032)
- 17.4 Middle East and Africa Automotive Metals Market, by Propulsion (2019-2032)
- 17.5 Middle East and Africa Automotive Metals Market, by Application (2019-2032)
- 17.6 Middle East and Africa Automotive Metals Market, by Metal Type (2019-2032)
- 17.7 Middle East and Africa Automotive Metals Market, by Forming Technique (2019-2032)
- 17.8 Middle East and Africa Automotive Metals Market, by Forming Type (2019-2032)
- 17.9 Middle East and Africa Automotive Metals Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Automotive Metals Market, Company Share Analysis
- 18.2 North America Automotive Metals Market, Company Share Analysis
- 18.3 Europe Automotive Metals Market, Company Share Analysis
- 18.4 Asia-Pacific Automotive Metals Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 ArcelorMittal
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 POSCO
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 Tata Steel Limited
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 Voestalpine AG
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 United States Steel Corporation
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 Essar Steel
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Thyssenkrupp AG
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Novelis
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Kaiser Aluminum
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 Alcoa Corporation
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.