Automotive Aluminum Extrusion Market Report: Trends, Forecast and Competitive Analysis
- May 27th, 2021
- 154 views
Dallas, TX / CRWE PRESS RELEASE / May 27, 2021 - The future of the global automotive aluminum extrusion market looks promising with opportunities in the passenger car and commercial vehicle segments. The global automotive aluminum extrusion market is expected to grow with a CAGR of 9%-11% from 2021 to 2026. The major drivers for this market are rise in consumer trends towards fuel-efficient vehicles, growing demand for high strength materials, and increasing use of aluminum in electric and electric hybrid vehicles.
Emerging trends, which have a direct impact on the dynamics of the industry, include increased usage of aluminum extruded parts in electric vehicles, reduction in vehicle weight, and increase in the mileage of electric cars.
A total of 130 figures / charts and 104 tables are provided in this more than 150 page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global automotive aluminum extrusion market report, please download the report brochure.
The study includes trends and forecast for the global automotive aluminum extrusion market by application, vehicle type, and region, as follows:
By Application [Value ($ Million) from 2015 to 2026]:
- Body Structure
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
- Passenger Cars
- Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
- North America
- United States
- United Kingdom
- Middle East
Some of the automotive aluminum extrusion companies profiled in this report include Novelis Inc., Constellium NV, Norsk Hydro ASA, Kaiser Aluminum, Bonnell Aluminum, CAPALEX, BENTLER International, Innoval Technology and Kobelco Aluminum Products & Extrusions Inc.
Lucintel forecasts that body structure will remain the largest application segment, and it is also expected to witness the highest growth over the forecast period due to the rise in demand for lightweight vehicles to achieve set MPG figures and lower the emission of greenhouse gases.
Within the global automotive aluminum extrusion market, the passenger car segment is expected to witness the highest growth over the forecast period due to the growing number of premium sedans and SUVs and rising high strength automotive parts by auto manufacturers to enhance safety.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to the rise in demand for electric vehicles.
Features of the Global Automotive aluminum extrusion Market
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email@example.com