Global EV Aluminum Professional Market Insights, Players, Region, Type & Application Analysis 2018-2029

Length- 103 Pages | Published Date - 2023-03-27 | Report Id- 1909
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The report aims at estimating the market size and future growth potential of EV Aluminum market across different segments such as type, application and geography. The base year considered for the research is 2022, and the market size is forecast from 2023 to 2029.

This report aims to provide a comprehensive presentation of the global market for EV Aluminum, with and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding EV Aluminum.

Within the research scope of this report, it shows that the global EV Aluminum market had a market size of about 14779.38 Million USD in 2022, growing at a CAGR of 26.47% during 2023-2029 to 76486.55 Million USD in 2029.

MARKET COMPETITIVE LANDSCAPE:
Major players in this market include Norsk Hydro, Novelis, Xusheng Group, Arconic, China Zhongwang, and etc.
---The combined market share of the Top 3 players in the global EV Aluminum market is about 29.94%.

REGION SHARE:
The report covers the market size information of major Regions/Countries around the world, including NA/United States, EU/Germany, APAC/China, LA/SA, MEA and etc.
---In the geographical distribution of EV Aluminum market in 2022, the China has the largest market size and its market share is about 40.10%, followed by United States and its market share is about 14.44%.

SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Cast Aluminum, Rolled Aluminum, etc. Application segment includes Car Body, Chassis & Suspension, etc.
---Cast Aluminum contributes approximately 76.47% share to the market in 2022.
---Powertrain contributes approximately 50.36% share to the market in 2022.

The research methodology used to estimate and forecast the EV Aluminum market begins by capturing data on key market player revenues through secondary research. The bottom-up procedure has been employed to arrive at the overall market size, by considering the revenue of key players in the market. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which has been verified through primary research by conducting extensive interviews with key people such as industry experts, executives. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for segments and sub-segments.

This report provides the integrated ecosystem of the EV Aluminum market which offers holistic view of current demand and vendor side market. The research study answers several significant questions, primarily which market segments to focus on in next two to five years to prioritize factors such as resource effort, and investment.

Key Target audience:
EV Aluminum Manufacturers and Suppliers
Research and Development (R&D) Companies
Business Research and Consulting Service Providers
Research Organizations
Academic Centers and Universities Associations and Industrial Bodies
Technology Investors
The electric vehicle (EV) market has been experiencing significant growth in recent years, and this growth has had a positive impact on the aluminum market. Aluminum is a lightweight and durable material that is widely used in the manufacturing of electric vehicles. It offers several advantages such as improved energy efficiency, extended driving range, and reduced emissions.

Here are some key trends in the EV aluminum market:

Lightweighting: Lightweighting is a critical focus in the EV industry as it helps to enhance energy efficiency and increase the driving range. Aluminum is one of the preferred materials for lightweighting due to its low density and high strength-to-weight ratio. Automakers are increasingly using aluminum in the construction of vehicle bodies, chassis, and other components to reduce weight and improve overall performance.

Battery Enclosures: Aluminum is also being used in the construction of battery enclosures for electric vehicles. These enclosures provide protection and help in managing the thermal characteristics of the batteries. Aluminum”s excellent thermal conductivity and lightness make it a suitable material for battery enclosures, ensuring the safety and efficiency of the battery system.

Recycling: The emphasis on sustainability and circular economy principles has led to increased focus on aluminum recycling in the EV industry. Aluminum is highly recyclable, and recycling it requires significantly less energy compared to primary production. The adoption of recycled aluminum helps reduce the carbon footprint of electric vehicles and supports the industry”s sustainability goals.

Supply Chain Challenges: As the demand for aluminum in the EV sector continues to grow, there may be supply chain challenges to ensure an adequate and reliable supply of aluminum. This could potentially lead to price fluctuations or constraints in the availability of aluminum for electric vehicle manufacturers.

Technological Advancements: Research and development efforts are ongoing to further improve the properties of aluminum and develop advanced alloys specifically tailored for electric vehicles. These advancements aim to enhance the strength, durability, and formability of aluminum, making it even more suitable for various EV applications.

Highlights-Regions
North America
Europe
China
Japan
Korea
Southeast Asia
India
South America
Middle East & Africa

Player list
Norsk Hydro
Novelis
Xusheng Group
Arconic
China Zhongwang
Nanshan Aluminium Profile Company
Constellium
Kobelco
Alnan Aluminium Co., Ltd.
Shiloh
Others

Types list
Cast Aluminum
Rolled Aluminum
Extruded Aluminum

Application list
Car Body
Chassis & Suspension
Powertrain
Others

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Global EV Aluminum Professional Market Insights, Players, Region, Type & Application Analysis 2018-2029

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