North America Automotive Metals Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$42,464.7

Forecast, 2030 (US$M)

$53,382.0

CAGR, 2024 - 2030

3.3%

Report Coverage

North America

North America automotive metals market, 2018-2030 (US$M)

Related Markets

Global Automotive Metals Industry Outlook

U.S. Automotive Metals Market Outlook

Europe Automotive Metals Market Outlook

Germany Automotive Metals Market Outlook

UK Automotive Metals Market Outlook

Asia Pacific Automotive Metals Market Outlook

China Automotive Metals Market Outlook

India Automotive Metals Market Outlook

Latin America Automotive Metals Market Outlook

Brazil Automotive Metals Market Outlook

MEA Automotive Metals Market Outlook

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.

Key Regions: U.S. , UK , Brazil , Germany , China

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Automotive Metals Market Scope

Automotive metals market segmentation & scope

Product

Aluminum

Steel

Magnesium

Others

Application

Body Structure

Power Train

Suspension

Application

End-Use

Passenger cars

Light commercial vehicles

Heavy commericial vehicles

Regions

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Countries

U.S.

Germany

China

India

Brazil

Automotive Metals Market Companies

Name	Profile	# Employees	HQ	Website

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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Target buyers of North America automotive metals market databook

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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