Metal market

$ 226 billion automotive metals market size, globally,

New York, United States, October 5, 2021 (GLOBE NEWSWIRE) – The automotive metals market is expected to grow at a compound annual growth rate (CAGR) of 291.52% during the forecast period of 2020 to 2026

the global automotive metals market should reach 226.41 billion USD by 2026.

Automotive OEMs are introducing light metals to meet the demand for light vehicles. In addition, the demand for an electric vehicle is increasing due to strict government regulations on vehicle emissions. According to the IEA, electric car registrations jumped 41% in 2020, estimating nearly 10 million electric cars in circulation.

COVID-19: falling metal prices and demand for automobiles

the automobile industry was already facing a downturn, and COVID-19 added additional stress on the industry. The industry has faced a shortage of vehicle parts due to the shutdown of production lines. According to the Society of Automobile Manufacturers Association, vehicle production in India fell 97% and production fell 67%.

The market also saw a change in metal prices as demand and supply were ambiguous. Aluminum prices fell 21.49% from $ 1,807 / tonne to $ 1,421.5 / tonne between January and April. At the same time, steel prices also fell by 16% compared to the previous year. However, prices will return to normal once the demand for the automobile increases.

Conditions are expected to improve by the end of 2021. The Indian government has approved five industrial projects worth $ 19.60 billion to boost steel production capacity of 27.5 million tonnes in July 2021.

Get a free copy of this report @

Automotive Metals Market by Type

Supremacy of steel over other metals

Steel is widely used in automobile manufacturing, such as traditional mild steel, high strength steel, advanced high strength steel. Advanced High Strength Steel (AHSS) contributes nearly 60% of the vehicle body structure and reduces vehicle weight. In addition, it reduces approximately 2 to 3 tons of greenhouse gases over the total lifespan of the vehicle. Also, the AHSS market is expected to grow due to its characteristics such as microstructures and high tensile strength.

The need for light vehicles to reduce carbon emissions has propelled car manufacturers to light metals. Thus, aluminum is expected to overtake other metals in the near future. In addition, the range of electric vehicles is one of the main factors determining consumer preference. Weight reduction is essential to achieve the highest range through the size and weight of the battery. Thus, manufacturers are introducing innovative materials for electric vehicles.

Automotive Metals Market by Application

The structure of the body acquires a maximum of metal

According to the World Steel Association, an average of 900 kg of steel is used per vehicle, 40% of which is used in the body structure. The formation of the body structure requires the greatest amount of metal in an automobile. The body structure provides protection in a crash and also provides the necessary strength to other vehicle components. In order to meet the need for light vehicles, materials such as high strength steel, magnesium alloys and aluminum alloys are expected to attract increasing interest among OEMs.

Automotive Metals Market by End User

Electric vehicles drive demand for automotive metals

By end user, internal combustion engine vehicles dominate the market. Gasoline and diesel have been part of human life for decades. However, the weight of the vehicle is a crucial factor in fuel consumption. Fuel consumption has become the hottest topic of discussion among automotive OEMs. Therefore, the use of light metals such as high strength steel, AHSS, aluminum, etc., is expected to increase.

In addition, strict government regulations aimed at reducing carbon emissions are boosting the production of electric vehicles. According to the IEA, more than 10 million electric cars were on the world’s roads in 2020. Transformation is in full swing and may move beyond reliance on ICE vehicles.

Automotive Metals Market by Regions

Dominance of APAC in the automotive metals market

APAC dominates the overall automotive metals market due to increasing population, surging disposable income etc in China and India. According to the IBEF, domestic auto sales have increased to a CAGR of 2.36%, with 26.36 million vehicles manufactured in India in fiscal year 16-20.

Another crucial region for the auto industry is North America, with the United States contributing immense growth. The growth of the urban population combined with the increase in the GDP rate is expected to support the automotive industry in North America. In addition, an initiative to reduce carbon emissions by manufacturing fuel efficient vehicles is expected to increase. The aim of the initiative is to reduce carbon emissions by reducing the weight and increasing the production of electric vehicles.

According to the IEA, the federal government of Canada provided $ 220 million to the Ford Motor Company for the production of electric vehicles. In addition, leading players such as Ford, Toyota, Volkswagen, etc. are driving the automotive industry in North America.

Buy Now Full Report @

Detailed Table of Contents

1. Introduction

1.1 Market definition

1.2 Scope of the market

2 Research methodology

2.1 Primary research

2.2 Research methodology

2.3 Assumptions and exclusions

2.4 Secondary data sources

3 Executive summary

4 Market overview

4.1 Segmentation and Scope of the Report

4.2 Value Chain Analysis: Automotive Metals Market

4.2.1 Matrix of suppliers

4.3 Key market trends

4.3.1 Drivers

4.3.2 Constraints

4.3.3 Opportunities

4.3.4 Challenges

4.4 Porter’s five forces analysis

4.4.1 Bargaining power of suppliers

4.4.2 Bargaining power of buyers

4.4.3 Threat of substitution

4.4.4 Threat of new entrants

4.4.5 Competitive Rivalry

4.5 Impact analysis of Covid-19

4.5.1 Analysis of pre-Covid-19 market scenarios

4.5.2 Analysis of post-Covid-19 market scenarios

4.5.3 Actions taken by top players

5 Global Automotive Metals Market by Type

5.1 Presentation

5.1.1 Market Size and Forecast (Value)

5.2 Aluminum

5.2.1 Market Size and Forecast (Value)

5.3 Steel

5.3.1 Market Size and Forecast (Value)

5.4 Manganese

5.4.1 Market Size and Forecast (Value)

5.5 Others

5. 5.1 Market Size and Forecast (Value)

6 Global Automotive Metals Market by Application

6.1 Presentation

6.1.1 Market Size and Forecast (Value)

6.2 Body structure

6.2.1 Market Size and Forecast (Value)

6.3 Powertrain

6.3.1 Market Size and Forecast (Value)

6.4 Suspension

6.4.1 Market Size and Forecast (Value)

6.5 Others

6.5.1 Market Size and Forecast (Value)

7 Global Automotive Metals Market by End User

7.1 Presentation

7.1.1 Market Size and Forecast (Value)

7.2 Passenger vehicles

7.2.1 Market Size and Forecast (Value)

7.3 Commercial vehicles

7.3.1 Market Size and Forecast (Value)

8 Regional overview

8.1 Presentation

8.1.1 Market Size and Forecast (Value)

8.2 North America

8.2.1 Economic overview

8.2.2 Market scenario

8.2.3 United States

8.2.4 Canada

8.3 Europe

8. 3.1 Economic overview

8. 3.2 Market scenario

8. 3.3 Germany

8. 3.4 United Kingdom

8. 3.5 France

8. 3.6 Italy

8. 3.7 Spain

8. 3.8 The rest of Europe

8.4 Latin America

8.4.1 Economic overview

8.4.2 Market scenario

8.4.3 Mexico

8.4.4 Brazil

8.4.5 Rest of Latin America

8.5 Asia-Pacific

8.5.1 Economic overview

8.5.2 Market scenario

8.5.3 China

8.5.4 Japan

8.5.5 India

8.5.6 Australia

8.5.7 South Korea

8.5.8 The rest of Asia-Pacific

8.6 The Middle East and Africa

8.6.1 Economic overview

8.6.2 Market scenario

8.6.3 Saudi Arabia

8.6.4 WATER

8.6.5 Egypt

8.6.6 South Africa

8.6.7 The rest of the Middle East and Africa

9 Competitive Landscape – Manufacturers and Suppliers

9.1 Competition scoreboard

9.2 Market Share Analysis, 2020

9.3 Competition scoreboard

9.4 Key developments

10 Company profile

10.1 Steel Tata

10.2 Thyssenkrupp SA

10.3 Novalis

10.4 Essar steel

10.5 Hyundai Steel

10.6 ArcelorMittal SA

10.7 Others

11 Conclusion and recommendation

12 Acronyms and abbreviations

For more information, table of contents, query or personalization before you buy, visit @


India Automotive Industry Outlook

Declining auto business in India shifts insurers’ attention to non-auto business

An Introduction to the Automotive Aftermarket Industry in 2020

Take a look at the related research report

Metal recycling market: Information by metal type (ferrous, non-ferrous), scrap (old scrap, new scrap), end user (consumer goods, recycling, other) and region — Forecast to 2029

Nano-metals market: Information by product (gold, silver, platinum, titanium), end-user industry (healthcare and pharmaceutical industry) and region – Forecast to 2029

About Straits Research Pvt. Ltd.

StraitsResearch is a market intelligence company providing business information reports and services on a global scale. Our proprietary blend of quantitative forecasting and trend analysis provides forward-looking information to thousands of decision makers. Straits Research Pvt. Ltd. provides actionable market research data, specially designed and presented for decision making and ROI.

Whether you are looking for lines of business in the next city or across continents, we understand the importance of knowing the customer’s buy. We overcome our clients’ problems by recognizing and deciphering the target group and generating leads with the highest precision. We seek to collaborate with our clients to deliver a wide range of results through a mix of market research and business research approaches.

So let’s bring our minds together. We will make your vision a reality and help you grow.