The Market Reports

Synopsis
The global market for Automotive Sheet was estimated to be worth US$ 16410 million in 2024 and is forecast to a readjusted size of US$ 35690 million by 2031 with a CAGR of 11.6% during the forecast period 2025-2031.
Currently, the trend of light weighting in automobiles is becoming increasingly intense. Due to its numerous advantages such as light weight, high strength, excellent ductility, and high corrosion resistance, aluminium alloy sheets are highly favoured by the automotive and automotive parts manufacturing industries. Aluminium automotive sheets are primarily used for body panels, including the four doors and two hoods (front and rear doors, engine hood, and trunk lid), roof, fenders, and other components.
The current automotive sheet market is primarily driven by the demand from fuel-powered vehicles and electric vehicles. Although the market share of electric vehicles is increasing, traditional fuel-powered vehicles still represent the majority of the market. According to market data, traditional fuel-powered vehicles account for approximately 60.7% of the global market, and this proportion is expected to remain high in the coming years. Although the electric vehicle market is growing rapidly, it is still relatively small compared to the fuel-powered vehicle market in the short term.
In terms of product type, the 6000 series automotive sheet dominates the market due to its superior performance and broad range of applications. This series accounts for approximately 73.2% of the global market share. The 6000 series is renowned for its structural strength, corrosion resistance, and weldability, making it widely used in the production of both fuel-powered and electric vehicles. The 5000 series, while having a smaller market share, is still important for specific vehicle types due to its lighter weight and superior corrosion resistance.
Regionally, North America remains the largest consumer market, accounting for approximately 43% of the global revenue. North America is not only a major hub for fuel-powered vehicle production but also shows strong growth potential for electric vehicles. The demand for automotive sheets in North America is expected to continue growing, driven by both traditional and electric vehicle manufacturing. The Asia-Pacific and European regions are also expanding their market shares, particularly as the automotive industries in countries like China and India continue to develop rapidly.
Market Drivers
The growth of the automotive sheet market is driven by several factors. One of the key drivers is the continued expansion of the global automotive industry, particularly in the Asia-Pacific, North American, and European markets. As automotive production capacities increase in these regions, the demand for automotive sheets rises, particularly in North America, which remains a major hub for vehicle production.
Additionally, the increasing focus on lightweight materials in automotive manufacturing is driving demand for automotive sheets. As vehicles become more fuel-efficient and environmentally friendly, lightweight materials are increasingly being used in vehicle design and production. This trend is particularly evident in electric vehicles, which require lighter materials to increase range and fuel efficiency, making the 6000 series automotive sheets an attractive option for manufacturers.
Furthermore, stricter environmental regulations are pushing the automotive industry to adopt more eco-friendly and energy-efficient materials. Aluminum alloys, such as those used in automotive sheets, are recyclable and environmentally friendly, making them ideal for meeting stringent emissions standards. This has further boosted demand for automotive sheets, particularly in regions with rigorous environmental policies.
Market Challenges
Despite the strong growth prospects, the automotive sheet market faces several challenges. One of the main challenges is the volatility of raw material prices. Aluminum alloys, a key material used in automotive sheets, are subject to fluctuations in the prices of bauxite and energy. Rising raw material costs may increase manufacturing expenses, thereby affecting the affordability of automotive sheets.
Another challenge is the increasing demand for high-performance and customized materials, which requires more advanced production technology. This puts pressure on manufacturers to invest in innovation and improve the quality and functionality of their products. Smaller manufacturers, in particular, may struggle to keep up with the rising technical demands and production costs.
Additionally, while the electric vehicle market is expanding rapidly, it still faces challenges such as high production costs and limited charging infrastructure. As a result, the widespread adoption of electric vehicles may take longer than anticipated, affecting the overall demand for automotive sheets used in electric vehicle manufacturing.
Conclusion
In summary, the automotive sheet market is experiencing rapid growth, driven by strong demand from both traditional fuel-powered vehicles and electric vehicles. The 6000 series automotive sheets, with their superior performance and wide-ranging applications, have become the dominant product in the market, especially in the manufacturing of fuel-powered and electric vehicles. While traditional fuel-powered vehicles continue to hold a large market share, the electric vehicle market is growing and will contribute significantly to the demand for automotive sheets in the future.
With the ongoing development of the global automotive industry, particularly in the areas of lightweight technology and environmental regulations, the automotive sheet market has a promising outlook. Manufacturers will continue to see growing demand for high-performance automotive sheets, particularly in North America and the Asia-Pacific region. To remain competitive, manufacturers must continue to innovate, reduce costs, and meet the evolving demands of the automotive industry.
This report aims to provide a comprehensive presentation of the global market for Automotive Sheet, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Automotive Sheet by region & country, by Type, and by Application.
The Automotive Sheet market size, estimations, and forecasts are provided in terms of sales volume (Kilotons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative 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 Automotive Sheet.
Market Segmentation
By Company
Novelis
Alcoa
Constellium
Kobe Steel
Norsk Hydro
Shandong Nanshan Aluminium
UACJ
Henan Mingtai Al
ALG Aluminium
Nippon Light Metal Company
Segment by Type
5000 Series
6000 Series
Segment by Application
New Energy Vehicle
Fuel Vehicle
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Automotive Sheet manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Automotive Sheet in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Automotive Sheet in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index