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Automotive Commodities Market worth $612.21 billion by 2030, growing at a CAGR of 6.90% - Exclusive Report by 360iResearch
Automotive Commodities Market | 360iResearch
The Global Automotive Commodities Market to grow from USD 383.72 billion in 2023 to USD 612.21 billion by 2030, at a CAGR of 6.90%.
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Automotive commodities refer to the raw materials and components essential in the manufacturing and assembly of vehicles. This encompasses a wide range of materials such as steel, aluminum, plastics, rubber, glass, and increasingly rare earth elements and batteries for electric vehicles (EVs). The primary driver for the automotive commodities market is the global demand for vehicles, which hinges on economic growth, increasing consumer purchasing power, and urbanization. Technological advancements and the shift towards electric vehicles (EVs) have significantly influenced demand patterns for various commodities, particularly lithium, nickel, and cobalt. Despite the growth prospects, volatility in raw material prices, driven by geopolitical tensions, trade policies, and supply chain disruptions, poses a considerable risk for automotive commodities manufacturers. However, advances in material science, offering lighter, stronger, and more eco-friendly materials, present opportunities for market growth.
In the Americas, the automotive commodities market has shown significant growth, driven by a rebound in automotive manufacturing and sales. Innovations in electric vehicle (EV) production have also spurred a surge in demand for specific commodities, such as lithium and sodium for batteries and rare earth elements for motors. Europe presents a positive growth landscape with a growing trend of electrification in the automotive industry. This shift significantly influences the demand for automotive commodities, with an increased interest in sustainable and recyclable materials. The Middle East is also contributing to the regional market, with growing interest in luxury and electric vehicles. Africa, while still an emerging market, is witnessing growth in automotive manufacturing and assembly, driven by foreign investment and an improving economic landscape. APAC emerged as the fastest-growing market for automotive commodities, buoyed by its strong manufacturing base and expanding automotive sector. China and Japan are at the forefront, with innovation in EVs and hybrid technologies driving demand for new commodities. Additionally, the region's focus on sustainability has spurred interest in recyclable and environmentally friendly automotive materials.
Market Segmentation & Coverage:
This research report categorizes the Automotive Commodities Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Energy Commodities, Metals, Plastics & Polymers, and Rubber. The Metals is projected to witness significant market share during forecast period.
Based on Vehicle Type, market is studied across Commercial Vehicles and Passenger Cars. The Passenger Cars is projected to witness significant market share during forecast period.
Based on End-user, market is studied across Auto Parts Manufacturers and Automakers. The Auto Parts Manufacturers is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.29% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive Commodities Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Commodities Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Commodities Market, highlighting leading vendors and their innovative profiles. These include AMG Advanced Metallurgical Group N.V., ArcelorMittal, Asahi Kasei Corporation, BASF SE, China BaoWu Steel Group Corporation Limited, China Steel Corporation, Constellium Group, Continental AG by Schaeffler Group, Cooper-Standard Holdings Inc., Covestro AG, Dana Holding Corporation, DuPont de Nemours, Inc., Evonik Industries AG, Hyundai Motor Group, JFE Steel Corporation, JSW Group, Magna International Inc., Martinrea International Inc., Nippon Steel Corporation, Norsk Hydro ASA, Nucor Corporation, Owens Corning, Posco International Corporation, Royal DSM, Saudi Basic Industries Corporation, Shin-Etsu Chemical Co., Ltd., Tata Steel Limited, and UACJ Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Commodities Market, by Type
7. Automotive Commodities Market, by Vehicle Type
8. Automotive Commodities Market, by End-user
9. Americas Automotive Commodities Market
10. Asia-Pacific Automotive Commodities Market
11. Europe, Middle East & Africa Automotive Commodities Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive Commodities Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Commodities Market?
3. What is the competitive strategic window for opportunities in the Automotive Commodities Market?
4. What are the technology trends and regulatory frameworks in the Automotive Commodities Market?
5. What is the market share of the leading vendors in the Automotive Commodities Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Commodities Market?
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Contact 360iResearch
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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