HOME › Press Releases › Aluminum Systems Market worth 147.13 Billion USD by 2020
Aluminum Systems Market worth 147.13 Billion USD by 2020
The report “Aluminum Systems Market by Alloy Type (Wrought Aluminum Alloy, Cast Aluminum Alloy), Alloying Element (Silicon, Manganese, Copper, Magnesium), Application (Transportation & Logistics, Packaging, Construction, Electrical &Electronics), & Geography - Global Forecast to 2020”, defines and segments the global aluminum systems market with analysis and forecasting of the global revenues for aluminum systems. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.
Browse 168 market data tables and 57 figures spread through 215 pages and in-depth TOC on “Aluminum Systems Market by Alloy Type (Wrought Aluminum Alloy, Cast Aluminum Alloy), Alloying Element (Silicon, Manganese, Copper, Magnesium), Application (Transportation & Logistics, Packaging, Construction, Electrical &Electronics), & Geography - Global Forecast to 2020”
Early buyers will receive 10% customization on reports.
The market is segmented and revenues are forecasted on the basis of the four major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of application.
The aluminum industry is influenced by the increase in population, consumer awareness, changing consumer lifestyle & preferences, urbanization, and development in economy which drives the demand for sustainable products. This has resulted in to rise in disposable income of consumers and the ability to purchase a range of new products from automobiles, personal technology, and packaged foods. These factors will drive the demand for aluminum from these regions. The increase in the demand for aluminum would eventually drive the aluminum systems market. Advancement in technology and economies of scale process has enabled the use of aluminum in wide range of applications and has lowered the production cost.
Growing demand for aluminum in emerging economies such as China is expected to drive aluminum systems market. Emerging countries such as China, India, Brazil, and countries in Southeast Asia are witnessing change in consumer preferences.
The market for aluminum systems is observed to be matured in developing economies such as Europe and North America due to the high disposable income of the people in these regions. The Asia-Pacific region formed the largest market for aluminum systems, in terms of volume, having accounted for 17,151.5 KT in 2014. North America accounted for the second-largest market, with a share of 25% in 2014. The global market for aluminum systems is projected to grow at a CAGR of 5.65% from 2015 to 2020, to reach USD 147.13 Billion by 2020.
The development of economies plays an essential role in increasing the demand for aluminum systems in the global market. The key parameters that determine the growth of aluminum systems in developing economies are increase in consumption, changing consumer preferences, and rising middle class population. The growing GDP (PPP) in emerging markets such as China, India, and Brazil is estimated to drive the demand for aluminum systems.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India