Asia Pacific Automotive Metals Market Size & Outlook

The automotive metals market in Asia Pacific is expected to reach a projected revenue of US$ 111,548.1 million by 2030. A compound annual growth rate of 4.8% is expected of Asia Pacific automotive metals market from 2024 to 2030.
Revenue, 2023 (US$M)
$80,255.4
Forecast, 2030 (US$M)
$111,548.1
CAGR, 2024 - 2030
4.8%
Report Coverage
Asia Pacific

Asia Pacific automotive metals market highlights

  • The Asia Pacific automotive metals market generated a revenue of USD 80,255.4 million in 2023.
  • The market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
  • In terms of segment, steel was the largest revenue generating product in 2023.
  • Magnesium is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, India is expected to register the highest CAGR from 2024 to 2030.


Asia Pacific data book summary

Market revenue in 2023USD 80,255.4 million
Market revenue in 2030USD 111,548.1 million
Growth rate4.8% (CAGR from 2023 to 2030)
Largest segmentSteel
Fastest growing segmentMagnesium
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAluminum, Steel, Magnesium
Key market players worldwideAlcoa Corp, Allegheny & Western Railway, ArcelorMittal SA Depository Receipt, China Steel Corp DR, Essar Group, Hyundai Motor Co, Kaiser Aluminum Corp, Nippon Steel Corp, Novelis, POSCO Holdings Inc ADR, Tata Steel Ltd GDR - 144A, Thyssenkrupp AG, United States Steel Corp, Voestalpine AG


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 47.9% of the global automotive metals market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Europe is the fastest growing regional market and is projected to reach USD 50,518.0 million by 2030.

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Automotive Metals Market Companies

Name Profile # Employees HQ Website

Asia Pacific automotive metals market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive metals market will help companies and investors design strategic landscapes.


Steel was the largest segment with a revenue share of 61.32% in 2023. Horizon Databook has segmented the Asia Pacific automotive metals market based on aluminum, steel, magnesium covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Asia Pacific automotive metals market databook

  • Our clientele includes a mix of automotive metals market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automotive metals market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automotive metals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific automotive metals market size, by country, 2018-2030 (US$M)

Asia Pacific Automotive Metals Market Outlook Share, 2023 & 2030 (US$M)

Asia Pacific automotive metals market size, by country, 2018-2030 (US$M)

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