Automotive

Automotive Aluminum Extrusion Market 2021 Research by Top Manufacturers, Segmentation, Industry Analysis, Regional Analysis and Forecast by 2030

The global automotive aluminum extrusion market size is anticipated to hit over US$ 93.3 Bn by 2030, growing at a CAGR of 6% during the forecast period 2021 to 2030.

Automotive Aluminum Extrusion Market (By Type: Sub-structures, Door Beam, Bumpers, Pillars, Sub Frames, Seat Back Bar, Front Side Rail, Space Frames, Body Panels, Others; 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; By Aluminum Grade: 5000 Series, 6000 Series, 7000 Series, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/37608

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.

Expansion of Global Automotive Aluminum Extrusion Market

The surge in trade volume owing to rising bilateral trade among countries is projected to boost the automotive aluminum extrusion market during the forecast period. China witnessed an increase in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of the total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.

Electric Vehicles Set Pace for New Mobility Standards

Aluminum is gaining popularity as the fastest growing automotive material. Electric vehicles (EVs) are driving the automotive aluminum extrusion market. The growing use of aluminum in chassis applications, vehicle closure parts, and body-in-white parts are bolstering market growth. As such, automakers are adapting to new mobility standards, and are bullish on the growth of aluminum in the EV sector.

Drivers of Automotive Aluminum Extrusion Market

  • Rise in consumer trend toward fuel-efficient vehicles across the globe is likely to drive the global automotive aluminum extrusion market. Use of aluminum saves an equivalent of 108 million barrels of crude oil in energy compared with a fleet of traditional steel vehicles.
  • Aluminum can provide weight saving of up to 50%, as compared to that offered by traditional mild steel structure, which is likely to enhance fuel-efficiency of a vehicle. Vehicles having aluminum material has a 20% smaller lifecycle CO2 footprint, as compared to steel vehicles. Furthermore, a fleet of aluminum vehicles saves an equivalent of 44 million tons of CO2 emissions.

Challenges for Automotive Aluminum Extrusion Market

  • Major vehicle manufacturers shutdown their plants due to the COVID-19 pandemic, which led to a decline in vehicle production and sale. Prominent automakers, including GM, Ford, and FCA, under pressure from unions to protect employees and to follow government advisories, decided to idle their plants across the globe. Toyota, Honda, Tesla, and Nissan also announced a temporary suspension of production across the globe, which is a major challenge for the automotive aluminum extrusion market across the globe.

New Aluminum Alloys with Thermal Deformation Suit Lightweight Applications

The automotive aluminum extrusion market is anticipated to grow at a favorable CAGR of 6% throughout the assessment period. This can be attributed to manufacturers being keen on using aluminum alloys in lightweight applications. However, the connection mode is limited in the case of aluminum alloys, which leads to problems in riveting and welding, resulting in poor static performance. Hence, companies in the automotive aluminum extrusion market should collaborate with researchers to develop new aluminum alloys using cost-efficient methods such as thermal deformation, micro alloying, and heat treatment.

Collaboration with Universities Helps to Narrow Gap in R&D and Production

Groundbreaking innovations in extrusion equipment are contributing toward the growth of the automotive aluminum extrusion market. For instance, manufacturers should take cues from the Constellium University Technology Center at Brunel University London to develop one-of-its-kind extrusion equipment, which deploys rapid prototyping of automotive components. Automakers should use industry-standard extrusion equipment to significantly reduce development times while manufacturing components using advance aluminum alloys.

Regional Analysis of Automotive Aluminum Extrusion Market

The global automotive aluminum extrusion market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive aluminum extrusion market in 2019. It is anticipated to hold a leading share during the forecast period due to rise in the production and sale of vehicles in China and countries in ASEAN. Followed by Asia Pacific, Europe also held a significant share of the global automotive aluminum extrusion market due to increase in the demand for utility vehicles in the region. The surge in the demand for electric vehicles due to an enactment of stringent emission norms across Europe and Asia Pacific is likely to propel the aluminum extrusion market across Europe and Asia Pacific.

Key Players in Automotive Aluminum Extrusion Market

Prominent players operating in 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.

Global Automotive Aluminum Extrusion Market: Segmentation

  • Automotive Aluminum Extrusion Market, by Type
    • Sub-structures
    • Door Beam
    • Bumpers
    • Pillars
    • Sub Frames
    • Seat Back Bar
    • Front Side Rail
    • Space Frames
    • Body Panels
    • Others
  • 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
    • Others
  • Automotive Aluminum Extrusion Market, by Region
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • Latin America

Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/37608 or call: +1 9197 992 333

Key Questions Answered in This Report on Automotive Aluminum Extrusion Market

  • How much value will the automotive aluminum extrusion market generate by the end of the forecast period?
  • Which segment of the market is likely to have the maximum market share by 2030?
  • What are the impact factors and their effects on the market for automotive aluminum extrusion market?
  • What regions currently contribute the maximum share to the overall automotive aluminum extrusion market?
  • What are the indicators expected to drive the automotive aluminum extrusion market?
  • What region is likely to be a lucrative market during the forecast period?
  • What are the essential strategies by key stakeholders in the automotive aluminum extrusion market to expand their geographic presence?
  • What are the major advancements witnessed in the automotive aluminum extrusion market?
  • How regulatory norms affected the market for automotive aluminum extrusion market?

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Automotive Aluminum Extrusion Market, By Product

7.1. Automotive Aluminum Extrusion Market, by Product Type, 2021-2030

7.1.1. Sub-structures

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Door Beam

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Bumpers

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Pillars

7.1.4.1. Market Revenue and Forecast (2017-2030)

7.1.5. Sub Frames

7.1.5.1. Market Revenue and Forecast (2017-2030)

7.1.6. Seat Back Bar

7.1.6.1. Market Revenue and Forecast (2017-2030)

7.1.7. Front Side Rail

7.1.7.1. Market Revenue and Forecast (2017-2030)

7.1.8. Space Frames

7.1.8.1. Market Revenue and Forecast (2017-2030)

7.1.9. Body Panels

7.1.9.1. Market Revenue and Forecast (2017-2030)

7.1.10. Others

7.1.10.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Automotive Aluminum Extrusion Market, By Vehicle

8.1. Automotive Aluminum Extrusion Market, by Vehicle, 2021-2030

8.1.1. Minicompact (A Segment)

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Supermini (B Segment)

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Compact (C Segment)

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Mid-Size (D Segment)

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Executive (E Segment)

8.1.5.1. Market Revenue and Forecast (2017-2030)

8.1.6. Luxury (F Segment)

8.1.6.1. Market Revenue and Forecast (2017-2030)

8.1.7. Utility Vehicles

8.1.7.1. Market Revenue and Forecast (2017-2030)

8.1.8. Light Commercial Vehicles

8.1.8.1. Market Revenue and Forecast (2017-2030)

8.1.9. Heavy Commercial Vehicles

8.1.9.1. Market Revenue and Forecast (2017-2030)

8.1.10. Buses & Coaches

8.1.10.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Automotive Aluminum Extrusion Market, By Aluminum Grade 

9.1. Automotive Aluminum Extrusion Market, by Aluminum Grade, 2021-2030

9.1.1. 5000 Series

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. 6000 Series

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. 7000 Series

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Automotive Aluminum Extrusion Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.1.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.1.4.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.1.5.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.2.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.2.4.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.2.5.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.2.6.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.7.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.2.7.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.3.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.3.4.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.3.5.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.3.6.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.7.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.3.7.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.4.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.4.4.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.4.5.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.4.6.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.7.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.4.7.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.5.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.5.4.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.5.5.3. Market Revenue and Forecast, by Aluminum Grade (2017-2030)

Chapter 11. Company Profiles

11.1. BENTLER International

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Bonnell Aluminum Extrusion Company

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. CAPALEX

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Constellium SE

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Innoval Technology

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Kaiser Aluminum Corp

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. KOBE STEEL Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Norsk Hydro ASA

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Novelis Inc.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. OmniMax International

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

11.11. ProfilGruppen Extrusions AB

11.11.1. Company Overview

11.11.2. Product Offerings

11.11.3. Financial Performance

11.11.4. Recent Initiatives

11.12. SMS Schimmer

11.12.1. Company Overview

11.12.2. Product Offerings

11.12.3. Financial Performance

11.12.4. Recent Initiatives

11.13. UACJ Automotive Whitehall Industries, Inc.

11.13.1. Company Overview

11.13.2. Product Offerings

11.13.3. Financial Performance

11.13.4. Recent Initiatives

11.14. Walter Klein GmbH & Co. KG.

11.14.1. Company Overview

11.14.2. Product Offerings

11.14.3. Financial Performance

11.14.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/37608 or call: +1 9197 992 333

Show More

Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

Related Articles

Back to top button