Aluminum insight tracker: Navigating over 75 components in automotive evolution
Recognizing the significance of aluminum in shaping the future of automotive manufacturing, S&P Global Mobility analysts have developed a comprehensive aluminum component prediction model.
The increasing integration of aluminum in the automotive industry is underpinned by its multifaceted contributions to various critical components. The propulsion systems benefit from aluminum's ability to reduce weight, thereby enhancing fuel efficiency in both internal combustion engines and electric vehicles. Additionally, aluminum's formability and strength-to-weight ratio make it an ideal material for lightweight and durable battery casings in energy storage devices. In body structures, aluminum is employed in panels and frames to improve crashworthiness and decrease overall vehicle weight. Furthermore, aluminum components in chassis systems, including suspension parts and wheels, contribute to improved ride, handling and fuel efficiency.