Press release
Automotive Aluminum Extruded Parts Market is Expected to Generate Huge Profits by 2031
Automotive Aluminum Extruded Parts Market
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.
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.
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.
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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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