The Impact of COVID-19 is included in the Automotive Aluminum Market in South Korea. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
The future of aluminum in the automotive industry in South Korea looks promising with opportunities in the passenger cars and commercial vehicles market. The major drivers for this market are increasing vehicle production, government regulations on the fuel economy and emission controls, increasing stringent safety regulations, and increasing gasoline prices.
Emerging trends, which have a direct impact on the dynamics of the automotive aluminum industry, include increasing use of aluminum in chassis and structural applications and development of advance manufacturing technologies to enhance the material strength. Alcoa, Novelis, Norsk Hydro, Constellium, and Aleris are the major aluminum suppliers in the automotive industry.
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of automotive aluminum market in South Korea report download the report brochure.
Automotive Aluminum Market in South Korea by Segment:
2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Automotive Aluminum Market in South Korea:
2014-2025 (US $M) (Randomized Data)
The study includes the market size and forecast for the automotive aluminum market in South Korea by vehicle type, product form, and application as follows:
Automotive Aluminum Market by Vehicle Type [$M shipment analysis from 2014 to 2025]:
-
Small Cars
-
Compact Cars
-
Mid - Size Cars
-
Large Cars
-
SUVs & Crossovers
-
Multi- Purpose Vehicle
-
Pickup Trucks
Automotive Aluminum Market by Product Form [$M shipment analysis from 2014 to 2025]:
-
Cast Aluminum
-
Rolled Aluminum
-
Extruded Aluminum
-
Others
Automotive Aluminum Market by Application [$M shipment analysis from 2014 to 2025]:
-
Engines
-
Transmission & Powertrains
-
Heat Transfer
-
Wheel & Brakes
-
Structural Components
-
Others
Lucintel forecasts that the cast aluminum will remain the largest market. Casting is a simple, inexpensive, and versatile way of forming aluminum into a wide array of products, which is expected to spur growth for this segment over the forecast period.
Within the automotive aluminum industry, passenger car will remain the largest market by value and volume and it also expected to witness the highest growth over the forecast period due to increasing production of small, compact, and luxury car and increasing penetration of aluminum material per vehicle to reduce the carbon emission and to increase fuel efficiency.
Some of the features of “Opportunities of Automotive Aluminum Market in South Korea 2014-2025: Trends, Forecast and Competitive Analysis” include:
-
Market size estimates: Automotive aluminum market size estimation in terms of value ($M) shipment.
-
Trend and forecast analysis: Automotive aluminum market trend (2014-2019) and forecast (2020-2025) by vehicle type, product form, and application
-
Segmentation analysis: Automotive aluminum market size by vehicle type small cars, compact cars, mid-size cars, large cars, suvs and crossovers, multi-purpose vehicles, pickup trucks), product form (cast aluminum, rolled aluminum, extruded aluminum, others), applications (engines, transmissions and powertrains, heat transfer, wheels and brakes, structural components, and others) in terms of value
-
Growth opportunities: Analysis on growth opportunities in different vehicle type, product form, and application of automotive aluminum in the automotive aluminum market.
-
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 7 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the automotive aluminum market in South Korea by vehicle type small cars, compact cars, mid-size cars, large cars, suvs and crossovers, multi-purpose vehicles, pickup trucks), product form (cast aluminum, rolled aluminum, extruded aluminum, others), applications (engines, transmissions and powertrains, heat transfer, wheels and brakes, structural components, and others)?
Q.2 which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting automotive aluminum market dynamics? What are the drivers and challenges of the automotive aluminum market?
Q.4 What are the business risks and threats to the automotive aluminum market?
Q.5 What are the emerging trends in this automotive aluminum market and the reasons behind them?
Q.6 What are some changing demands of customers in the automotive aluminum market?
Q.7 What are the new developments in the automotive aluminum market? Which companies are leading these developments?