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.
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FACTS AT A GLANCE
Companies: 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.
Segments: Automotive Aluminum Extruded Parts Market Segmented By Sub-structures, Door Beams, Bumpers, Pillars, Sub Frames, Seat Back Bars, Front Side Rails, Space Frames, Body Panels Product
Geographies: US,Canada,Germany,U.K.,Italy,Spain,Russia,China,Japan,South Korea,India,ASEAN countries,Australia,Turkey,Brazil
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ABSTRACT-
Persistence Market Research recently published a report on the global automotive aluminium extruded parts market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the automotive aluminium extruded parts market will grow over the forecast period.
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Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in Persistence Market Research’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the market over the forecast period.
The study is relevant for stakeholders in the market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand the applicable strategies to grow in this space. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the automotive aluminium extruded parts market can leverage the information and statistics presented in this research report.
The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting market growth. The study also offers actionable insights based on the future trends in the automotive aluminium extruded parts market. Furthermore, regional players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in this landscape.
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