Global Automotive Aluminum Extrusion Market -Forecast and Analysis (2020-2027)

Global Automotive Aluminum Extrusion Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 8.9 % from 2019 to 2027, reaching nearly US$ XX Bn.

Global Automotive Aluminum Extrusion Market

The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

Global Automotive Aluminum Extrusion Market: Market Overview

Aluminum extrusion is a metal forming process in which aluminum alloy is converted into desired shape for a wide range of uses. The density of aluminum is one third of steel as resulting products offer high strength, flexibility, stability and its malleability property allows it to be easily machined and casted. With aluminum extrusion, different types of profile are manufactured including semi-closed profiles, closed profile, and open profiles.

Global Automotive Aluminum Extrusion Market: Market Dynamics

A significant increase in number of electric vehicles fuel the growth of the global automotive aluminum extrusion market as EVs uses aluminum extrusions to provide safety, and overall driving aesthetics. The manufacturers, nowadays, focus on increasing fuel efficiency by reducing the weight of vehicle and aluminum is the best alternative due to its higher strength which propels the market. Adoption of aluminum extrusion for manufacture of complicated parts and due to its various application drive the market. The regulating bodies of government of many nations enacted emission norms that have fueled the growth of the market, as aluminum offers greater flexibility as compared to other metal. High rate of adoption of automotive vehicles and rising awareness about safety also drives the automotive aluminum extrusion market during the forecast period of time.

Fluctuating price, high initial cost of aluminum are the factors that act as a restrain of this market. The pandemic COVID-19 has impacted economy of the world as it has disrupted the supply chain. The manufacturers dependent on global sourcing are facing hard choices in crisis management. The manufacturing cost of aluminum is higher as compared to steel are the major factors hindering the growth of the automotive aluminum extrusion market.

Global Automotive Aluminum Extrusion Market: Market Segmentation

The global automotive aluminum extrusion market can be segmented by Application, by Vehicle type, by Sales Channel, and by region. The bumper system segment of application is anticipated to have the highest growth during the forecast period. The function of bumper is to absorb the impact by self-deformation in collision situation and it requires high strength. Rise in population of emerging nations like India and China, increases the sales of passenger vehicle, so the passenger vehicle segment of vehicle type is subjected to the highest growth rate during the forecast period, the demand of light vehicle and heavy vehicle also increases. OEMs segment of sales channel is likely to dominate the global automotive aluminum extrusion market as many OEMs are focused on manufacturing lightweight vehicles in order to increase the fuel efficiency.

Global Automotive Aluminum Extrusion Market: Regional Analysis

North America is dominating the global automotive aluminum extrusion market due to implementation of stringent emission norms. In this region, OEMs are investing in R&D for manufacturing of light vehicles for fuel efficiency increases the demand of automotive aluminum extrusion. Increasing disposable income in this region fuel the growth of the market over the forecast period. Asia Pacific is estimated to have the fastest growth in the automotive aluminum extrusion market, owing to the rising sales of passenger vehicles.

The objective of the report is to present a comprehensive analysis of the Global Automotive Aluminum Extrusion Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Automotive Aluminum Extrusion Market dynamics, structure by analysing the market segments and projects the Global Automotive Aluminum Extrusion Market size. Clear representation of competitive analysis of key players by Sales Channel, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Aluminum Extrusion Market make the report investor’s guide.

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Scope of the Global Automotive Aluminum Extrusion Market

Global Automotive Aluminum Extrusion Market, by Application

• Body structure
• Aluminum space frame
• Bumper system
• Exterior & Interior
• Others
Global Automotive Aluminum Extrusion Market, by Vehicle type

• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Vehicle
Global Automotive Aluminum Extrusion Market, by Sales Channel

• OEMs
• Aftermarket
Global Automotive Aluminum Extrusion Market, by Region

• Asia Pacific
 China
 India
 Japan
 South Korea
 Australia
 Indonesia
 Malaysia
 Vietnam
 Rest of Asia
• North America
 U.S.
 Canada
• Europe
 Germany
 UK
 France
 Italy
 Spain
 Rest of Europe
• South America
 Brazil
 Mexico
 Rest of South America
• Middle East & Africa
 GCC
 South Africa
 Rest of MEA
Global Automotive Aluminum Extrusion Market, Key Players

• Constellium SE
• Novelis Inc.
• Bonnell Aluminum
• Norsk Hydro ASA
• Kaiser Aluminum
• Gulf Extrusions Co. LLC
• Kobelco Aluminum Products & Extrusions Inc.
• Arconic
• Bonneli Aluminum
• KOBE STEEL LTD.
• ETEM GROUP
• CHINA ZHONGWANG HOLDINGS LIMITED
• Whitehall Industries Inc.
• Holden Aluminium Technologies
• Sapa Group

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