Global Automotive Aluminum Extrusion Market Size, Share, Forecast Report, 2020-2027
The global Automotive Aluminum Extrusion market garnered revenue around USD 49.91 Billion in 2019 and projected to reach USD 112.81 Billion in 2027, with at a compound annual growth rate (CAGR) 8.9% throughout the estimate period from 2020 to 2027. Rise in the demand for lightweight vehicles across the globe is likely to propel the automotive aluminum extrusion market. For instance, after a global slowdown in the automobile industry, several governments have reduced taxes on automobiles to encourage sale of vehicles. The enactment of stringent regulations regarding exhaust gas emission across the globe is prompting vehicle industries to develop lightweight vehicles, which is likely to propel the automotive aluminum extrusion market across the globe.
The global automotive aluminum extrusion market is anticipated to expand at a CAGR of 8.9% during the forecast period, owing to increase in demand for lightweight vehicles across the globe due to enactment of stringent emission norms across the globe. This, in turn, is likely to increase the demand for aluminum extrusion in automotive applications. Rise in demand for electric vehicles across the globe is likely to propel the automotive aluminum extrusion market, as the use of aluminum in electric vehicles helps enhance the range of these vehicles.
Rise in the use of aluminum in vehicles, owing to increase in their fuel-efficiency is likely to boost the automotive aluminum extrusion market across the globe. Use of aluminum in automotive has been increasing consistently for the past 40 years. Aluminum is the second-most used material in vehicles, after steel.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Automotive Aluminum Extrusion market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Automotive Aluminum Extrusion market growth.
The global Automotive Aluminum Extrusion market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
the global automotive aluminum extrusion market include BENTLER International, Bonnell Aluminum Extrusion Company, CAPALEX, Constellium SE, Innoval Technology, Kaiser Aluminum Corp, KOBE STEEL Ltd., Norsk Hydro ASA, Novelis Inc. OmniMax International, ProfilGruppen Extrusions AB, SMS Schimmer, UACJ Automotive Whitehall Industries, Inc., and Walter Klein GmbH & Co. KG.
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
Global Automotive Aluminum Extrusion Market: Segmentation
- Automotive Aluminum Extrusion Market, by Type
- Door Beam
- Sub Frames
- Seat Back Bar
- Front Side Rail
- Space Frames
- Body Panels
- Automotive Aluminum Extrusion Market, by Vehicle
- Minicompact (A Segment)
- Supermini (B Segment)
- Compact (C Segment)
- Mid-Size (D Segment)
- Executive (E Segment)
- Luxury (F Segment)
- Utility Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Buses & Coaches
- Automotive Aluminum Extrusion Market, by Aluminum Grade
- 5000 Series
- 6000 Series
- 7000 Series
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
- North America
- United States
- United Kingdom
- Rest of EU
- Asia Pacific
- Southeast Asia
- Rest of APAC
- Central & South America
- Rest of Central & South America
- Middle East and Africa
- Saudi Arabia
- Rest of MEA