市場調查報告書
商品編碼
1622017
汽車用鋁市場:各地區,2024年~2031年Automotive Aluminum Market By Type (Cast, Rolled, Extruded), Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), Application (Powertrain, Chassis & Suspension, Car Body), & Region for 2024-2031 |
由於人們越來越重視燃油效率和減少廢氣排放,以及嚴格的政府要求,汽車對鋁的需求正在增加。 Verified Market Research 分析師表示,預測期內汽車鋁材市場估值預計將達到 1,959.3 億美元,低於 2024 年的約 868.8 億美元。
電動車的日益普及以及汽車生產中對輕質材料的需求正在推動汽車鋁材市場的發展。這將推動市場從2024年到2031年以10.70%的複合年增長率成長。
汽車鋁市場定義/概述
汽車鋁材是一種用於汽車製造的鋁材料,具有輕量、高強度、高耐用性。這種金屬由於能夠提高燃油效率並減少溫室氣體排放,在汽車領域越來越受歡迎,使其成為乘用車和商用車製造的重要組成部分。汽車鋁材用於車身面板、引擎缸體、傳動部件、車輪、結構元件以及電動車零件,其中減重對於性能和續航里程非常重要。鋁合金的適應性使其具有廣泛的機械品質,並擴大了其在現代汽車設計和工程中的應用。
對提高車輛燃油效率的需求正在推動汽車生產中鋁的使用。根據美國環保署 (EPA) 的數據,2023 年車型的平均燃油經濟性為每加侖 26.4 英里,比前一年增加了 0.6 英里/加侖。這一趨勢預計將持續下去,從而增加汽車製造中對鋁等輕質材料的需求。
電動車市場的擴大是汽車鋁材的主要推動因素。國際能源總署(IEA)預計,2022年全球電動車銷量將達到1,000萬輛,較2021年成長55%。鋁的重量輕使其成為提高電動車續航里程和性能的完美材料。
此外,世界各地日益嚴格的排放法規迫使汽車製造商減輕車輛的重量,有利於使用鋁。歐盟二氧化碳排放績效標準要求2030年新車排放量比2021年減少37.5%。法規迫使汽車製造商透過設計更多鋁材來滿足這項標準。
鋁生產和加工的初始成本較高是進入汽車鋁市場的主要障礙之一。由於鋁比鋼等傳統材料更昂貴,製造商,尤其是小型製造商,對於在車輛設計中使用鋁則猶豫不決。這種價格障礙限制了鋁的滲透,特別是在價格敏感的行業,並阻礙了整體市場的成長。
此外,汽車鋁材市場的供應鏈相當複雜,影響了生產效率和成本。鋁採購和生產涉及的供應商網路和程序複雜,導致混亂、延誤和營運成本增加。供應鏈中的低效率和瓶頸,例如原材料短缺和物流挑戰,將對汽車鋁的供應產生負面影響並限制市場擴張。
The increasing emphasis on fuel efficiency and emissions reduction, along with severe government requirements, drives demand for automotive aluminum, allowing automakers to develop lighter, more fuel-efficient vehicles while maintaining safety and performance. According to the analyst from Verified Market Research, the automotive aluminum market is estimated to reach a valuation of USD 195.93 Billion over the forecast subjugating aroundUSD 86.88 Billion valued in 2024.
The growing popularity of electric vehicles and the need for lightweight materials in vehicle production are driving the automotive aluminum market. It enables the market to grow at aCAGR of 10.70% from 2024 to 2031.
Automotive Aluminum Market: Definition/ Overview
Automotive aluminum refers to aluminum materials used in car manufacturing that are lightweight, strong, and durable. This metal is becoming increasingly popular in the automotive sector due to its capacity to improve fuel efficiency and lower greenhouse gas emissions, making it an important component in the construction of both passenger and commercial vehicles. Automotive aluminum is used in body panels, engine blocks, transmission components, wheels, and structural elements, as well as electric vehicle sections where weight reduction is critical for performance and range. Aluminum alloys' adaptability allows for a wide range of mechanical qualities, which expands its application in current car design and engineering.
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The demand for increase in fuel efficiency in vehicles is boosting the use of aluminum in automotive production. According to the US Environmental Protection Agency (EPA), the average fuel economy for 2023 model-year automobiles was 26.4 miles per gallon, up 0.6 mpg from the previous year. This trend is projected to continue, increasing the demand for lightweight materials such as aluminum in automobile manufacturing.
The increasing growth of the electric car market is a major driver for automotive aluminum. The International Energy Agency (IEA) estimated that global electric vehicle sales reached 10 million units in 2022, up 55% from 2021. Aluminum's lightweight qualities make it an excellent material for increasing EV range and performance.
Furthermore, the increasingly stringent emission requirements around the world are forcing automakers to cut vehicle weight, favoring aluminum usage. The European Union's CO2 emission performance criteria call for a 37.5% reduction in new automobile emissions by 2030, compared to 2021 levels. Automobile manufacturers are being forced by regulations to reach these standards by designing their vehicles with more aluminum.
The high initial cost of aluminum production and processing is one of the key barriers to entry into the automotive aluminum market. Aluminum is more expensive than traditional materials such as steel, which deters manufacturers, particularly smaller ones, from using it in car designs. This pricing barrier limits the widespread use of aluminum, especially in price-sensitive areas, impeding total market growth.
Furthermore, the automotive aluminum market has considerable supply chain complications, which affect production efficiency and costs. The complex network of suppliers and procedures involved in sourcing and producing aluminum causes disruptions, delays, and higher operational expenses. Any inefficiencies or bottlenecks in the supply chain, such as raw material shortages or logistical challenges, have a negative impact on the availability of aluminum automotive applications, limiting market expansion.
According to VMR analysis, the cast aluminum segment is estimated to hold the largest market share during the forecast period. Cast aluminum's ability to be molded into complex shapes makes it perfect for a variety of automobile components, such as engine blocks and transmission housings. This adaptability enables manufacturers to create intricate pieces that fulfill precise performance specifications, improving vehicle efficiency and functionality.
Cast aluminum is less expensive to produce than other types of aluminum. This affordability allows manufacturers to reduce production costs while maintaining high-quality standards, making cast aluminum a popular choice for a variety of automotive applications, particularly in price-sensitive markets.
Furthermore, the lightweight nature of cast aluminum helps to reduce overall vehicle weight, which is critical for boosting fuel efficiency and lowering emissions. As automakers prioritize sustainability and compliance with tough environmental rules, demand for cast aluminum components is likely to increase, cementing the segment's global dominance.
The chassis & suspension segment is estimated to dominate the automotive aluminum market during the forecast period. The requirement for weight reduction in cars is a major driver of the chassis and suspension segment's dominance. Aluminum's lightweight qualities considerably improve total vehicle efficiency, including fuel economy and performance. As automakers attempt to meet rigorous emissions standards, the use of aluminum in chassis and suspension systems becomes increasingly important, contributing to the trend of lighter, more efficient vehicles.
Improvements in casting and extrusion techniques have made producing aluminum components easier and less expensive. This has led to increased adoption of aluminum in essential structural applications, allowing manufacturers to improve vehicle safety and handling while adhering to performance standards.
Furthermore, the growing demand for electric cars (EVs) is a major driver in the chassis and suspension segment. EVs require lightweight materials to increase battery efficiency and driving range. Aluminum in chassis and suspension components not only decreases weight but also improves EV structural integrity, making it a popular choice among manufacturers looking to maximize performance in this quickly increasing market.
According to VMR analyst, the Asia Pacific region is estimated to dominate the automotive aluminum market during the forecast period. The Asia Pacific region, particularly China and India, is seeing major increases in car manufacturing and sales. According to the China Association of Automobile Manufacturers (CAAM), China's vehicle output reached 27.02 million units in 2023, up 11.6% from the previous year. This strong expansion in the automotive sector is pushing up demand for automotive aluminum in the region.
The Asia Pacific region is driving the worldwide EV revolution, with China at the vanguard. The China Passenger Car Association (CPCA) predicted that electric car sales in China reached 6.87 million units in 2023, accounting for 36% of total new vehicle sales in the country. This rapid adoption of EVs is driving up demand for lightweight materials such as aluminum, which improves vehicle range and efficiency.
Furthermore, several Asia Pacific countries have adopted policies to encourage the use of lightweight materials in cars. For example, Japan's Ministry of Economy, Trade, and Industry (METI) has set a target of reducing average vehicle weight by 20% by 2030, compared to 2015 levels. This program is projected to expand the usage of aluminum in car manufacturing, as it weighs 40% less than steel for comparable parts.
North America is estimated to dominate the automotive aluminum market during the forecast period. The Corporate Average Fuel Economy (CAFE) rules in the United States are encouraging automakers to employ lighter materials such as aluminum. According to the National Highway Traffic Safety Administration (NHTSA), the CAFE guidelines for model year 2026 call for an industry-wide objective of 49 miles per gallon for passenger vehicles and light trucks. This marks a 25% increase over 2021 criteria, requiring manufacturers to increase their use of aluminum to fulfill the targets.
North America is experiencing considerable growth in electric car usage, which is increasing demand for lightweight materials. According to the US Department of Energy, electric vehicle sales in the United States climbed by 65% between 2021 and 2022, totaling more than 800,000 units. This trend is projected to continue, as EVs require greater aluminum content than traditional vehicles to optimize range and performance.
Furthermore, North American consumers continue to prefer larger vehicles such as SUVs and trucks, which require more aluminum to offset their weight. According to the United States Environmental Protection Agency (EPA), SUVs, vans, and pickup trucks accounted for 78% of new vehicle sales in 2021. This trend is boosting the usage of aluminum in larger vehicle segments to enhance fuel efficiency and meet emissions rules.
The competitive landscape of the automotive aluminum market is characterized by a dynamic interplay of technology breakthroughs, regulatory challenges, and altering consumer preferences. As automakers emphasize lightweight materials to improve fuel efficiency and reduce emissions, demand for aluminum has increased, forcing suppliers to innovate in production processes and product offers.
Some of the prominent players operating in the automotive aluminum market include:
Alcoa, Inc./Arconic, Inc.
Novelis Inc.
UACJ Corporation
Norsk Hydro ASA
AMG Advanced Metallurgical Group
Constellium N.V.
CHALCO
Rio Tinto
In July 2024, Alcoa Corporation announced a strategic relationship with a major European automaker to offer sophisticated aluminum alloys for electric vehicle production. The multi-year partnership allows the automaker to use Alcoa's revolutionary aluminum solutions to improve the performance, efficiency, and sustainability of its EV lineup.
In June 2024, Novelis Inc. launched a new modern aluminum recycling and casting factory in the United States. The $365 million investment would greatly boost Novelis' capacity to produce high-quality aluminum sheet ingot for the automotive sector, thereby meeting the growing demand for lightweight, sustainable materials in vehicle manufacturing.