Automotive Aluminum Extruded Profiles Market was valued at USD 8.21 Billion in 2022 and is projected to reach USD 11.38 Billion by 2030, growing at a CAGR of 4.4% from 2024 to 2030.
The global automotive aluminum extruded profiles market was valued at approximately USD 14.5 billion in 2022. This segment is experiencing substantial growth, with an anticipated Compound Annual Growth Rate (CAGR) of 6.7% from 2023 to 2028. The market's expansion is driven by the increasing adoption of aluminum for lightweight vehicle components, aimed at improving fuel efficiency and reducing emissions. Moreover, the shift towards electric vehicles (EVs) is expected to further accelerate demand, as aluminum extrusions offer advantages in terms of performance and energy efficiency compared to traditional materials.
In terms of opportunity, the automotive aluminum extruded profiles market is poised for significant advancements due to the growing emphasis on sustainable automotive solutions and regulatory pressures for lower carbon footprints. Emerging markets, particularly in Asia-Pacific regions, present lucrative prospects as automotive manufacturers ramp up production to meet the rising demand for vehicles and the push for improved vehicle performance. These regions are expected to witness robust growth, fueled by both increasing vehicle production rates and government incentives for using lighter materials to enhance vehicle efficiency.
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Guangdong Haomei
Yatai Technology
Gabrian International
ETEM
Constellium SE
Norsk Hydro ASA
Novelis Inc.
Kobelco Aluminum Products & Extrusions In
Bonnell Aluminum Extrusion Company
Kaiser Aluminum Corp.
Innoval Technology
SMS Schimmer
Fidelium Partners
Walter Klein GmbH
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Extruded Profiles Market
Passenger Car
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Aluminum Extruded Profiles market share In 2023.
Body
Parts
Global (United States, Global 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 Extruded Profiles 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 Extruded Profiles Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Aluminum Extruded Profiles Market, By Type
6. Global Automotive Aluminum Extruded Profiles Market, By Application
7. Global Automotive Aluminum Extruded Profiles Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Aluminum Extruded Profiles Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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