The global automotive aluminium market is projcetd to grow at a CAGR of more than 8.9% by the end of 2030, reaching around USD 136.1 billion.
Pune, May 06, 2022 (GLOBE NEWSWIRE) -- The aluminum used in manufacturing is derived from bauxite and is a type of aluminum sulfate containing a variety of elements including vanadium oxides, silicon, aluminum hydroxide, titanium, chromium, sulfur, sulfuric calcium, gallium, iron, and magnesium carbonates. Aluminum is a preferred metal for use in a variety of industries due to these advantages. It is significantly lighter than steel, has high tensile strength, and is simple to mold. It has wide usage in automotive industry due to its low cost. Aluminum's fuel efficiency is another application in vehicle manufacturing that reduces vehicle carbon emissions and is more environmentally friendly than steel-built vehicles. The use of aluminium improves the durability and performance of the vehicles. Aluminum's versatility allows automakers to combine it with other materials such as plastics and fibreglass to improve certain properties. Furthermore, when compared to mild steel, aluminium can absorb twice as much energy during a crash.
Aluminum is now widely used to manufacture vehicles for its cost-effectiveness and superior properties. Luxury automakers such as Audi, Ford, and Mercedes Benz have shifted from using steel to aluminum due to the rise in popularity of lightweight materials that are both affordable and resistant to corrosion. However, unlike their steel counterparts, aluminum vehicles possess lower fuel efficiency and leave behind more carbon emissions due to their significantly heavier weight.
Vendor assessment includes a deep analysis of how vendors are addressing the demand in the Aluminum Market. The MDC Competetive Scape model was used to assess qualitative and quantitative insights in this assessment. MDC's Competitive Scape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC's Competitive Scape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors' solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.
Technology Assessment
Technology dramatically impacts business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for businesses. Technology assessment helps organizations to understand their current situation with respect to technology and offer a roadmap where they might want to go and scale their business. A well-defined process to assess and select technology solutions can help organizations reduce risk, achieve objectives, identify the problem, and solve it in the right way. Technology assessment can help businesses identify which technologies to invest in, meet industry standards, compete against competitors.
Advancements in technology and digitalization have changed the way companies do business; the concept of a business ecosystem helps businesses understand how to thrive in this changing environment. Business ecosystems provide organizations with opportunities to integrate technology in their daily business operations and improve research and business competency. The business ecosystem includes a network of interlinked companies that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships amongst suppliers, distributors, and end-users in delivering a product or service.
Regions and Countries Covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW)
Report Coverage
Aluminum Market Dynamics, Covid-19 Impact on the Aluminum Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Aluminum Market Sizing, Analysis Tables.
All Major Tier-1, Tier-2, and Tier-3 companies are covered in this Aluminum Market report (25 Vendor Profiles)
Key Questions Answered in This Report:
What is the potential of the Aluminum Market?
What is the impact of COVID-19 on the global Aluminum Market?
What are the top strategies that companies adopting in Aluminum Market?
What are the challenges faced by SME’s and prominent vendors in Aluminum Market?
Which region has the highest investments in Aluminum Market?
What are the latest research and activities in Aluminum Market?
Who are the prominent players in Aluminum Market?
What is the potential of the Aluminum Market?
Additional vendors profiles can be added based on client business requirements
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