Automotive Aluminum Extrusion Market Size is Forecasted to Reach US$ 124.94 Billion by 2030

The global automotive aluminum extrusion market size is forecasted to reach from US$ 65.05 billion in 2021 to US$ 124.94 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 8.5% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The automotive aluminum extrusion market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decision to sustain growth through the assessment period.

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The automotive aluminum extrusion demand is expected to increase as a result of increasing demand for light weight vehicles and electric vehicles in the market. In order to new alloy processing technologies for lightweight applications, companies in the automotive aluminum extrusion industry need to ramp up their research and development activities.

The companies have started working with research and development teams to manufacture extruded components that meet the automobile manufacturer’s criteria. The vehicle development time can be cut in half by using rapid prototyping. For collision, towing, and assembly operations, research and development centers undertake simulation and accuracy testing.

Scope of the Automotive Aluminum Extrusion Market

Competitive Landscape Analysis:

Some of the leading companies operating in the automotive aluminum extrusion market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Major companies operating in this report are

• Hindalco Industries Ltd.
• QALEX
• Arconic Corporation
• Constellium N.V.
• Norsk Hydro ASA
• Bonnell Aluminum
• China Zhongwang Holdings Ltd.
• ETEM Group
• EMERUS
• ST Extruded Products Germany GmbH

Market Dynamics

Drivers

Surge in production of electric vehicles

Due to their numerous advantages over gasoline-powered vehicles, electric vehicle demand and production have increased dramatically in recent years. Since oil and air filters, fan belts, timing belts, head caskets, and spark plugs do not need to be replaced, fuel-powered vehicles are more cost-effective and efficient. As a result, electric vehicles are rapidly replacing gasoline-powered vehicles as the preferred mode of transportation, limiting the growth of the gasoline-powered vehicle industry. Furthermore, because of improved vehicle dynamics and traction control, automakers are concentrating on the development of electric vehicle components using the aluminum extrusion process. As a result, increased production of electric vehicles is expected to propel the automotive aluminum extrusion market forward.

Restraints

High cost of aluminum

The cost of aluminum is high as compared to other types of metals such as steel and copper. Moreover, because aluminum cannot withstand the same amount of pressure as steel, more of it is necessary to assure the structure’s strength, implying that using it in particular designs may cost more in the long run. As a result, the high cost of aluminum is restricting the growth of automotive aluminum extrusion market.

Opportunities

Increase in demand for zero emission or fuel-efficient vehicles

Since gasoline is a fossil fuel, it is not a renewable source of energy and will be depleted in the future. To support sustainable development, alternative fuel sources must be developed and used. This entails the use of zero emission vehicles, which do not require gasoline and are more cost effective than conventional vehicles. Because of the recent increase in the price of gasoline and diesel, there has been an increase in demand for fuel-efficient vehicles. As a result, consumers have begun to prefer zero-emission or fuel-efficient vehicles. Because it is applicable in the automobile industry, this consumer trend is contributing to the growth of the automotive aluminum extrusion market.

Challenges

High maintenance costs

The automotive aluminum extrusion is usually more expensive than normal aluminum extrusion. This is due to the additional components that have been installed in these devices and equipment. Because some parts of these devices wear out faster than traditional ones due to a lack of lubrication in the majority of these extruders, these machines require extensive regular maintenance to increase efficiency. Furthermore, unlike traditional extruders, which typically have a longer life for such parts, the parts must be replaced on a regular basis. As a result, a large amount of capital is required for the operation and maintenance of automotive aluminum extruders. Thus, the high maintenance costs are limiting the global automotive aluminum extrusion market’s growth.

Report Highlights

• Based on the type, the sub-structures segment dominated the global automotive aluminum extrusion market in 2020 with highest market share. This is attributed to the increased demand for light weight vehicles.
• Based on the vehicles, utility vehicle segment is estimated to be the most opportunistic segment during the forecast period. This is attributed to the increased in demand for MUVs and SUVs.

Regional Snapshot

North America region is expected to witness remarkable CAGR during the forecast period. North America is expected to have the strongest sales growth during the forecast period. Aluminum extrusion is utilized in automobiles, buses, trucks, trailers, and rail, and the market is rising as a result of improved fuel economy and performance.

Asia-Pacific region accounted largest revenue share in 2020. The countries such as China, Japan, India, and South Korea show the highest growth in the region. The governments in numerous countries of Asia-Pacific region are taking steps to upgrade existing infrastructure and expand the development of green buildings as a result of rapid urbanization and the growing global population. The demand for aluminum extrusion in the Asia-Pacific region is increasing as a result of this factor.

Segments Covered in the Report

By Type

• Sub-structures
• Door Beam
• Bumpers
• Pillars
• Sub Frames
• Seat Back Bar
• Front Side Rail
• Space Frames
• Body Panels
• Others

By Vehicle

• Mini-compact
• Supermini
• Compact
• Mid-size
• Executive
• Luxury
• Utility Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Buses & Coaches

By Aluminum Grade

• 5000 Series
• 6000 Series
• 7000 Series
• Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global automotive aluminum extrusion market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive aluminum extrusion are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

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. COVID 19 Impact on Automotive Aluminum Extrusion Market 

5.1. COVID-19 Landscape: Automotive Aluminum Extrusion Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Automotive Aluminum Extrusion Market, By Type

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

8.1.1. Sub-structures

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Door Beam

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Bumpers

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Pillars

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Sub Frames

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Seat Back Bar

8.1.6.1. Market Revenue and Forecast (2019-2030)

8.1.7. Front Side Rail

8.1.7.1. Market Revenue and Forecast (2019-2030)

8.1.8. Space Frames

8.1.8.1. Market Revenue and Forecast (2019-2030)

8.1.9. Body Panels

8.1.9.1. Market Revenue and Forecast (2019-2030)

8.1.10. Others

8.1.10.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Automotive Aluminum Extrusion Market, By Vehicle

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

9.1.1. Mini-compact

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Supermini

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Compact

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Mid-size

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Executive

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Luxury

9.1.6.1. Market Revenue and Forecast (2019-2030)

9.1.7. Utility Vehicles

9.1.7.1. Market Revenue and Forecast (2019-2030)

9.1.8. Light Commercial Vehicles

9.1.8.1. Market Revenue and Forecast (2019-2030)

9.1.9. Heavy Commercial Vehicles

9.1.9.1. Market Revenue and Forecast (2019-2030)

9.1.10. Buses & Coaches

9.1.10.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Automotive Aluminum Extrusion Market, By Aluminum Grade 

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

10.1.1. 5000 Series

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. 6000 Series

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. 7000 Series

10.1.3.1. Market Revenue and Forecast (2019-2030)

10.1.4. Others

10.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Automotive Aluminum Extrusion Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Type (2019-2030)

11.1.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Type (2019-2030)

11.2.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Type (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Type (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Type (2019-2030)

11.3.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Type (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Type (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Type (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Type (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Type (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Type (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Aluminum Grade (2019-2030)

Chapter 12. Company Profiles

12.1. Hindalco Industries Ltd.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. QALEX

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Arconic Corporation

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Constellium N.V.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Norsk Hydro ASA

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Bonnell Aluminum

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. China Zhongwang Holdings Ltd.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. ETEM Group

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. EMERUS

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. ST Extruded Products Germany GmbH

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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