According to a new market report published by Lucintel, 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 10% 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.
To download report brochure, please go to www.lucintel.com/automotive-aluminum-extrusion-market.aspx and click "report brochure" tab from the menu.
In this market, body structure, transmission, interiors, exteriors, and others are the major applications of automotive aluminum extrusion. On the basis of comprehensive research, 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.
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. Novelis Inc., Constellium NV, Norsk Hydro ASA, Kaiser Aluminum, Bonnell Aluminum, CAPALEX, BENTLER International, Innoval Technology, and Kobelco Aluminum Products & Extrusions Inc. are among the major suppliers of the automotive aluminum extrusion market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive aluminum extrusion market by application, vehicle type, and region and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Aluminum Extrusion Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. 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
Transmission
Interiors
Exteriors
Others
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
Canada
Mexico
Europe
APAC
ROW
This more than 150 page 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 helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.