The market report “Automotive Aluminum Extrusion Market by Aluminum Grades (7000 Series, 6000 Series, and 5000 Series), Types (Alumium Space Frame, Body Panels, Sub-Structures, Door Beam, Seat Back Bar, Front Side Rail, Pillars, Bumper System, and Sub Frames), Vehicle Types (Utility Vehicles, Commercial Vehicles, Buses & Coaches, Minicompact (A Segment), Supermini (B Segment), Compact (C Segment), Mid-size (D Segment), Executive (E Segment), Luxury (F Segment), and Passenger Vehicles), Products (Reverse Extrusion of Aluminum and Forward Extrusion of Aluminum), Applications (Interiors, Body Structure, Chassis, Engine Mount, Exteriors, Transmission, Luggage Rack, and Driving Rod), Sales Channels (Aftermarket and Original Equipment Manufacturers (OEMs)), and Region – Forecast to 2028”. The Automotive Aluminum Extrusion market is growing at a CAGR of 8.2% by 2028, owing to espousal of aluminum extrusion for manufacture of complicated parts.
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Based on vehicle type, the passenger vehicles segment is estimated to grow at highest CAGR segment during the study period.
On the basis of vehicle type, the market is categorised into utility vehicles, commercial vehicles, buses & coaches, minicompact (A segment), supermini (B segment), compact (C segment), mid-size (D segment), executive (E segment), luxury (F segment), and passenger vehicles. Passenger vehicles segment is estimated to be the fastest growing market segment strongly driven by the rising number of premium sedans and SUVs and increasing high strength automotive parts by auto manufacturers to enhance safety.
Based on application, the body structure segment is anticipated to grow faster during the forecast period.
On the basis of application, the market is divided into interiors, body structure, chassis, engine mount, exteriors, transmission, luggage rack, and driving rod. Body structure segment is projected to grow faster during the forecast period due to lower the emission of greenhouse gases and the rise in demand for lightweight vehicles to achieve set MPG figures.
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By geography, Asia Pacific is expected to dominate the market
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is experiencing a dominant position in the market, owing to the rise in demand for electric vehicles, the presence of a prominent automotive industry in China, Japan, and India, increasing demand for different commodities required as battery enclosures and structural components in electric vehicles.
The key players in this market are Novelis Inc., Omnimax International, Constellium SE, Innoval Technology, Bonnell Aluminum Extrusion Company, CAPALEX, Kaiser Aluminum Corp, KOBE STEEL LTD., UACJ Automotive Whitehall Industries, Inc., 3M, BENTELER International, ProfilGruppen Extrusions AB, SMS Schimmer, Walter Klein GmbH & Co. KG, Kobelco Aluminum Products & Extrusions Inc., and Norsk Hydro ASA.
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