Aluminum Extrusion Trends and Forecast
The future of the global aluminum extrusion market looks promising with opportunities in the building & construction, automotive & transportation, consumer good, and electrical & energy markets. The global aluminum extrusion market is expected to grow with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are growing emphasis of original equipment manufacturers (OEMs) on enhancing fuel efficiency has led to a rise in the aluminum content in vehicles and increasing concern towards carbon emissions emitted from various industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aluminum Extrusion by Segment
The study includes a forecast for the global aluminum extrusion by type, application, and region.
Aluminum Extrusion Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Shapes
• Rods & Bars
• Pipes & Tubes
Aluminum Extrusion Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Electrical & Energy
• Others
Aluminum Extrusion Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aluminum Extrusion Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aluminum extrusion companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aluminum extrusion companies profiled in this report include-
• Hindalco Industries
• Arconic
• Norsk Hydro
• Constellium
• Kaiser Aluminum
Aluminum Extrusion Market Insights
Lucintel forecasts that shape will remain the largest segment over the forecast period due to its growing application in various automotive components, such as transmission housings, chassis, panels, engine blocks, and roof rails.
Within this market, building & construction will remain the largest segment due to increasing investment in the new housing development.
APAC will remain the largest region over the forecast period due to existence of significant manufacturing sectors.
Features of the Global Aluminum Extrusion Market
Market Size Estimates: Aluminum extrusion market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aluminum extrusion market size by type, application, and region in terms of value ($B).
Regional Analysis: Aluminum extrusion market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the aluminum extrusion market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aluminum extrusion market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for aluminum extrusion market?
Answer: The global aluminum extrusion market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the aluminum extrusion market?
Answer: The major drivers for this market are growing emphasis of original equipment manufacturers (OEMs) on enhancing fuel efficiency has led to a rise in the aluminum content in vehicles and increasing concern towards carbon emissions emitted from various industries.
Q3. What are the major segments for aluminum extrusion market?
Answer: The future of the aluminum extrusion market looks promising with opportunities in the building & construction, automotive & transportation, consumer good, and electrical & energy markets.
Q4. Who are the key aluminum extrusion market companies?
Answer: Some of the key aluminum extrusion companies are as follows:
• Hindalco Industries
• Arconic
• Norsk Hydro
• Constellium
• Kaiser Aluminum
Q5. Which aluminum extrusion market segment will be the largest in future?
Answer: Lucintel forecasts that shape will remain the largest segment over the forecast period due to its growing application in various automotive components, such as transmission housings, chassis, panels, engine blocks, and roof rails.
Q6. In aluminum extrusion market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to existence of significant manufacturing sectors.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aluminum extrusion market by type (shapes, rods & bars, and pipes & tubes), application (building & construction, automotive & transportation, consumer goods, electrical & energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aluminum Extrusion Market, Aluminum Extrusion Market Size, Aluminum Extrusion Market Growth, Aluminum Extrusion Market Analysis, Aluminum Extrusion Market Report, Aluminum Extrusion Market Share, Aluminum Extrusion Market Trends, Aluminum Extrusion Market Forecast, Aluminum Extrusion Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.