North America Automotive Metals Market Size & Outlook
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North America automotive metals market highlights
- The North America automotive metals market generated a revenue of USD 42,464.7 million in 2023.
- The market is expected to grow at a CAGR of 3.3% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 42,464.7 million |
| Market revenue in 2030 | USD 53,382.0 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Magnesium |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Steel, Magnesium |
| Key market players worldwide | Alcoa 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, North America region accounted for 25.4% 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 Scope
Automotive Metals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| China Steel Corp DR | View profile | 28490 | No. 1, Chung Kang Road, Siaogang District, Kaohsiung, Taiwan, 81233 | https://www.csc.com.tw |
| Kaiser Aluminum Corp | View profile | 4000 | 1550 West McEwen Drive, Suite 500, Franklin, TN, United States, 37067 | https://www.kaiseraluminum.com |
| Essar Group | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | https://www.essar.com/ |
| Alcoa Corp | View profile | 13600 | 201 Isabella Street, Suite 500, Pittsburgh, PA, United States, 15212-5858 | https://www.alcoa.com |
| Voestalpine AG | View profile | 50712 | Voestalpine-Strasse 1, Linz, Austria, 4020 | https://www.voestalpine.com |
| United States Steel Corp | View profile | 21803 | 600 Grant Street, Pittsburgh, PA, United States, 15219-2800 | https://www.ussteel.com |
| Allegheny & Western Railway | View profile | - | 500 Water Street, Jacksonville, FL, United States, 32202-4420 | https://www.awrail.com |
| Hyundai Motor Co | View profile | 73502 | 12, Heolleung-ro, Seocho-Gu, Seoul, Korea, Republic of | https://www.hyundai.com |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | http://novelis.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| POSCO Holdings Inc ADR | View profile | 44501 | POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 | https://www.posco.co.kr |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| ArcelorMittal SA Depository Receipt | View profile | 126756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | http://www.arcelormittal.com |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
North America 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 64.75% in 2023. Horizon Databook has segmented the North America automotive metals market based on aluminum, steel, magnesium covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of automotive metals market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America automotive metals market , including forecasts for subscribers. This continent databook contains high-level insights into North America automotive metals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America Automotive Metals Market Outlook Share, 2023 & 2030 (US$M)
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