The report of Global Automotive Aluminum Extrusion Market by Application (Body structure, Aluminum space frame, Bumper system Exterior & Interior, and Others), by vehicle type (Light Commercial vehicle, Heavy Commercial vehicle and Passenger vehicle), by Sales Channel (OEMs and Aftermarket) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Bn. by 2027, at a CAGR of 8.9 % during a forecast period.
The MMR report contains a detailed study of factors that will drive and restrain the growth of the Automotive Aluminum Extrusion market. 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 that 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 have fueled the growth of 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.
North America is estimated to be the dominant region in the Automotive Aluminum Extrusion Market
North America is dominating the global automotive aluminum extrusion market due to implementation of stringent emission norm. In this region OEMs are investing in R&D for manufacturing of light vehicles for fuel efficiency which increases the demand of automotive aluminum extrusion. Increasing disposable income in this region fuel the growth of the market over the forecast period.
Key players operating in the Automotive Aluminum Extrusion Market include 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 and other key players.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Automotive Aluminum Extrusion Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamic and future opportunities that might exist in the Automotive Aluminum Extrusion Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Aluminum Extrusion Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Automotive Aluminum Extrusion Market.”
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