Persistence Market Research projects that by 2023, Automotive Aluminium Extruded Parts would generate value of roughly US$ 58.597 billion. Due to a number of factors, including rising environmental concerns, shifting governmental laws, demand for efficient materials for automobile production, and the need to lighten vehicles, the global automotive sector is expanding, which is boosting the market for aluminium extruded components. By 2033, the market for automotive aluminium extruded parts is anticipated to have grown at a CAGR of 5.9%, reaching US$ 103.953 billion.
The study of market analysis of Automotive Aluminum Extruded Parts Market focuses on the key elements and the market dynamics of a specific market within that industry. Automotive Aluminum Extruded Parts Market study is an essential part of the industry analysis that focuses on the aspects associated with the SWOT analysis. The survey report analyses the elements, such as the strengths, weaknesses, opportunities, and threats of every individual manufacturing company.
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Due to implementation of stricter emission standards around the world, there has been an increase in demand for lightweight vehicles. As a result, demand for aluminium extruded parts in automotive applications is expected to rise. The market for automotive aluminium extruded components is expected to grow as demand for electric vehicles rises around the globe. Since aluminium is used in electric vehicles, the range of these vehicles is increased.
The report has profiled some of the Important players prevalent in the global like –
- Novelist Inc.
- Benteler International
- Bonnell Aluminium Extrusion Company
- Constellium SE
- Kaiser Aluminium Corp.
- Kobe Steel Ltd.
- Norsk Hydro ASA
- Omnimax International
- ProfilGruppen Extrusions AB
- SMS shimmer
- UACJ Automotive Whitehall Industries, Inc.
- Walter Klein GmbH & Co. KG
- Gestamp Automoción, SA
- China Zhongwang Holdings Limited
- Indo Alusys Industries Limited
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Automotive Aluminum Extruded parts.
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Key Takeaways from Market Study
- Based on product, the market was dominated by the sub-structure segment. As demand for lightweight vehicles grows, leading vehicle manufacturers are turning to aluminium for sub-structures.
- 7000 series aluminium material is anticipated to remain one of the fastest-growing segment. Due to higher strength among all aluminium alloys, the 7000 series is mainly used in the automotive and aerospace industry.
- Passenger vehicles dominate the market owing to rising consumer demand for compact and mid-sized cars.
- Over the forecast period, East Asia and Europe are expected to be extremely profitable markets. The presence of a significant automobile sector in China, Japan, Germany, and Spain is the primary reason for this.
“Growing trend of lightweight material adoption in automobiles to benefit automotive aluminium extruded part sales” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
- Asia-Pacific (China, India, Japan, Southeast Asia etc.)
- South America (Brazil, Argentina etc.)
- Middle East & Africa (Saudi Araia, South Africa etc.)
Major Highlights of the Automotive Aluminum Extruded Parts Market Report:
- The Automotive Aluminum Extruded Parts Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Automotive Aluminum Extruded Parts Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
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Key Questions Answered in the Automotive Aluminum Extruded Parts Market Report
- How is the Automotive Aluminum Extruded Parts market expected to grow over the projected period?
- What direction is the Automotive Aluminum Extruded Parts market expected to take in terms of volume and value during the forecast period?
- What is the impact of macroeconomic factors on the Automotive Aluminum Extruded Parts market in future?
- What are the key market drivers in the Automotive Aluminum Extruded Parts market?
- What are significant opportunities and improvement areas for Automotive Aluminum Extruded Parts manufacturers?
- What are the key developments and trends taking over the Automotive Aluminum Extruded Parts market?
- Which are the emerging countries that are expected to create significant growth opportunities in the Automotive Aluminum Extruded Parts market?
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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