The Automotive Aluminum Extruded Parts Market To Be Led By The Global

Global sales of automotive aluminium extruded parts are set to be valued at over US$ 93.6 Bn in 2031, according to latest industry analysis by Persistence Market Research, a research and consulting firm. The report estimates the market to expand at a steady CAGR of over 5.8% through the course of 2021-2031.

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.

Planning To Introduce An Offbeat Product/Technology In The Automotive Aluminum Extruded Parts Market? Go To “Purchase Now” To Have Our Automotive Aluminum Extruded Parts Market Report! https://www.persistencemarketresearch.com/checkout/32625

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.

Planning Forward? Access Sample of Automotive Aluminum Extruded Parts Market Report @ https://www.persistencemarketresearch.com/samples/32625

Competitive Landscape
The global automotive aluminium extruded parts market is highly competitive at regional as well as global levels, and highly consolidated in nature.
Some of the key players included in the report are Novelis Inc., Benteler International, Bonnell Aluminum Extrusion Company, CAPALEX, Constellium SE, Kaiser Aluminum Corp., Kobe Steel Ltd., Norsk Hydro ASA, Omnimax International, ProfilGruppen Extrusions AB, SMS Schimmer, UACJ Automotive Whitehall Industries, Inc., and Walter Klein GmbH & Co. KG.

Top companies operating in the market are occupying hefty shares in terms of revenue. With compliance to governmental standard and regulations, these companies have a global and regional presence. Prime manufacturers are also updating their technologies to improve their market share.

How About Re-Inventing The Methodical Wheel In The Automotive Aluminum Extruded Parts Market? Tab! https://www.persistencemarketresearch.com/methodology/32625

Contact Us:
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

This release was published on openPR.