Global Automotive Metal Market 2020-2025

December 26, 2019
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AUTOMOTIVE METAL MARKET

The automotive metal market majorly comprised steel manufacturers in past decade, but now with growing emphasis on light-weighting and vehicle electrification, aluminum suppliers have a much bigger opportunity on their hands. 

 

Info Graphic: Global Automotive Metal Market

MARKET SEGMENTATION

 

infographic : Automotive Metal market

 

MARKET DYNAMICS

Vehicle manufacturers are exploring the use of Aluminium, high-strength steel, magnesium, carbon-fiber composites, and other lightweight materials to reduce vehicle mass and improve fuel economy.
Significant time and investment is being made to develop high-strength components for applications ranging from car doors ,electric battery enclosures and complete “body in white” (BiW) body shell for next-gen vehicles.
The average aluminum content of European manufactured cars has now reached more than 170kg in 2019.

IMPACT OF ELECTRIC VEHICLES ON AUTOMOTIVE METAL MARKET

  • Electric vehicle growth will leading to changes in physical and functional requirements of BIW( body-in-white) impacting future vehicle design. The newly designed electric vehicle’s aluminum architecture comprises more than 70% aluminum, enabling significant weight reduction.
  • The changes are also apparent in terms of riveting and bonding technology required to create a light, stiff body structure. In addition, aluminum is also required for battery modules, which is a combination of aluminum sheet and extrusions.Li-ion batteries to power BEVs and PHEVs (which will account for more than 75% of all plug-in EVs sold in 2019) are extremely heavy(7kg/kWh), so light-weighting is essential  and aluminum is a preferred choice for that
  • Development of new high strength alloys and high crush alloys are important for crash management systems((a combination of bumper beams and crashboxes). Improved crash management is important for EVs due to different structural aspect of a vehicle compared to an internal combustion engine
  • Tesla Model 3- The second most successful BEV model till date  has aluminum in the cabling connecting the electric motor with the onboard battery pack. Aluminum cabling is lighter and less expensive than traditional materials used in cabling. 
  • The recently unveiled Model Y which will start production in 2021 shares ~75% of its parts with the Model 3 with a similar hybrid aluminum and steel body, which is in contrast to  Model S and X, which have all-aluminum construction. The battery tray is also made of Aluminum-steel and the materials are bonded together using friction stir welding, adhesives, and mechanical fasteners

 

 

COMPETITIVE LANDSCAPE

Constellium a leading European aluminum supplier derives ~25% of its annual sales from auto industry and is supplying to BMW and Daimler. It has also launched two new automotive Structures facilities in 2019, located in Vigo, Spain, and Nanjing, China.Novelis is actively targeting BEV market, it has developed a new aluminum sheet battery enclosure solution for BEVs. The enclosure made of highly formable aluminum alloys is up to 50% lighter than an equivalent steel design allows 6-7% extra range per full charge.

Among Asian suppliers, Tata Steel developed DP1000HY-GI, a high-yield, ultra-high strength steel in 2014 product which allowed manufacturers to make lighter components without altering their production facilities.In the same year, it also introduced a new suite of hot-rolled sheet steel products aimed at helping OEMs reduce the weight of undercarriage.

 

 

COMPANY PROFILES

  1. Arcelor Mittal
  2. Voestalpine Group
  3. Thyssenkrupp AG
  4. Tata Steel
  5. JSW
  6. Novelis Inc
  7. Alcoa Corporation
  8. Hyundai Steel Co., Ltd
  9. China Steel Corporation
  10. Nippon Steel & Sumitomo Metal Corporation
  11. Essar Steel
  12. United States Steel Corporation
Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2020-2025
18Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
19Market Segmentation, Dynamics and Forecast by Application, 2020-2025
20Market Segmentation, Dynamics and Forecast by End use, 2020-2025
21Product installation rate by OEM, 2020
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2020
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix

 

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