Automotive Aluminum Extrusion Market size is estimated to be USD 8.62 Billion in 2024 and is expected to reach USD 14.84 Billion by 2033 at a CAGR of 6.57% from 2026 to 2033.
In 2022, the global automotive aluminum extrusion market was valued at approximately USD 64 billion, with projections indicating growth to around USD 141.40 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.30% from 2023 to 2032. This growth is primarily driven by the automotive industrys shift towards lightweight materials to enhance fuel efficiency and reduce emissions. Aluminums favorable strength to weight ratio makes it an ideal choice for various vehicle components, contributing to overall weight reduction and improved performance. Regionally, Asia Pacific led the market, accounting for 71% of the global share in 2023. This dominance is attributed to the robust automotive manufacturing sectors in countries like China and India, coupled with increasing demand for electric vehicles (EVs) and stringent emission regulations promoting the adoption of lightweight materials. North America and Europe also represent significant markets, with North Americas market projected at USD 5.34 billion in 2023, expected to reach USD 8.97 billion by 2033, driven by stringent emission regulations and a growing focus on lightweight vehicles. Europes market is bolstered by the regions strong automotive industry and emphasis on sustainable practices, with countries like Germany, France, and the United Kingdom investing significantly in EV production and lightweight materials.
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Kam Kiu
Apalt
Alcoa
Rio Tinto Group
Constellium
Norsk Hydro A.S.
Aleris
Novelis
Kobelco
UACJ
Aluminum Corporation of China
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Aluminum Extrusion Market
Structural Components
Body Engineering
Chassis
Powertrain
Heat Exchangers
Heat-Treatable Alloys
Non-Heat-Treatable Alloys
Aluminum-Lithium Alloys
Aluminum-Copper Alloys
Aluminum-Zinc Alloys
Direct Extrusion
Indirect Extrusion
Hydroforming
Die Casting
Rolling Process
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Tier 1 Suppliers
Fleet Operators
Individual Customers
Aluminum Bars
Aluminum Rods
Aluminum Tubes
Aluminum Profiles
Aluminum Sheets
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Aluminum Extrusion Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Aluminum Extrusion Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Aluminum Extrusion Market, By Type
6. Global Automotive Aluminum Extrusion Market, By Application
7. Global Automotive Aluminum Extrusion Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Aluminum Extrusion Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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