Automotive - High Strength Aluminum Alloys Market Statistics
The global automotive high strength aluminum alloys market size was valued at US$ 4,428.0 million in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 2.3% from 2023 to 2030.
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Automotive - High strength aluminum alloys market highlights
- The global automotive segment generated a revenue of USD 4,274.7 million in 2019 and is expected to reach USD 5,137.3 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 3.5% by 2027.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, China is expected to register the highest CAGR from 2020 to 2027.
Market summary
| Market revenue in 2019 | USD 4,274.7 million |
| Market revenue in 2027 | USD 5,137.3 million |
| Growth rate | 3.5% (CAGR from 2020 to 2027) |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
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High Strength Aluminum Alloys Market Scope
High strength aluminum alloys market segmentation & scope
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