Skip to main content

Automotive Aluminum Extruded Parts Market Key Opportunity, Analysis, Growth, Trends 2033

 The global automotive aluminium extruded parts market is currently valued at over US$ 53 Bn. Sales of automotive aluminium extruded parts are projected to increase at 5.8% CAGR and be valued at over US$ 93 Bn by 2031.

By 2023, Automotive Aluminium Extruded Parts are anticipated to create value of about US$ 58,597.3 million, predicts Persistence Market Research. Global automotive industry growth is spurring the market for aluminium extruded parts owing to several factors such as increasing environmental concerns, changing government regulations, demand for efficient material for automobile production and weight reduction of automotive vehicles. The global market for Automotive Aluminium Extruded Parts is expected to reach US$ 103,953.0 million by 2033, growing at a CAGR of 5.9% between 2023 and 2033.

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.

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.

Key Players:

The report has profiled some of the Important players prevalent in the global like –

  • Novelist Inc.
  • Benteler International
  • Bonnell Aluminium Extrusion Company
  • CAPALEX
  • 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

and more.

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.

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.

For More Info @  https://www.persistencemarketresearch.com/market-research/automotive-aluminum-extruded-parts-market.asp

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?

Comments

Post a Comment

Popular posts from this blog

Sales of Commercial Aircraft Video Surveillance Systems to Decelerate in 2020 as COVID 19 Pandemic Takes its Toll on Global Market

  Market Introduction Future Market Insights, in its recent study on the  Commercial Aircraft Video Surveillance Systems market,  offers a detailed value-volume analysis of the Commercial Aircraft Video Surveillance Systems market on the basis of various segments such as product type, application, aircraft type, assembly and region. In terms of product type, cabin surveillance systems is projected to be a lucrative segment in terms of growth opportunities and are mostly being installed in the line fit assembly applications in the commercial aircraft video surveillance systems. To Get the Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5202 There has been significant growth in the number of freighter planes due to expanding e-commerce and pharmaceutical sectors and outperforming global trade growth. From a macroeconomic point of view, demand for commercial aircrafts is anticipated to more than double in the next two decade...
1 comment
Read more

Automotive Battery Management System Market : Technological Growth Map over Time

  Automotive Battery Management System Market is estimated to reach US$ 15.3 Bn by the end of 2029 In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth. According to a new research report published by Future Market Insights (FMI), the  automotive battery management system market  is estimated to reach US$ 15.31 Bn by the end of 2029.  “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.” Key Takeaways of Automotive Battery Management Sys...
Post a Comment
Read more

Medical Gloves Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

 The medical gloves market has witnessed significant growth and evolution, especially in recent years, due to the global healthcare challenges, including the COVID-19 pandemic. Medical gloves are crucial protective equipment used by healthcare professionals to prevent the transmission of infections, maintain hygiene standards, and ensure the safety of both patients and medical personnel. This market encompasses a wide range of glove types, including latex, nitrile, vinyl, and others, each with its unique features and applications. One of the key drivers of the medical gloves market is the increasing focus on infection prevention and control in healthcare settings. The heightened awareness of the importance of hand hygiene, especially in the wake of the pandemic, has led to a surge in demand for medical gloves worldwide. Healthcare facilities, including hospitals, clinics, and laboratories, require a steady and reliable supply of gloves to maintain safety protocols an...
Post a Comment
Read more