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Automotive Aluminum Extrusion Market

Automotive Aluminum Extrusion Market Forecasts to 2028 – Global Analysis By Product (Reverse Extrusion of Aluminum, Forward Extrusion of Aluminum), Application (Interiors, Body Structure, Exteriors), and By Geography

4.2 (74 reviews)
Published: June 2021 ID: SMRC20573
4.2 (74 reviews)
Published: June 2021 ID: SMRC20573

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Automotive Aluminum Extrusion Market is accounted for $42.42 billion in 2020 and is expected to reach $79.69 billion by 2028 growing at a CAGR of 8.2% during the forecast period. Some of the key factors propelling the market growth include rise in consumer trend toward fuel-efficient vehicles across the globe, growing use of aluminum in chassis applications, vehicle closure parts, and body-in-white parts, surge in trade volume owing to rising bilateral trade among countries, and adoption of aluminum extrusion for manufacture of complicated parts. However, fluctuating price and high initial cost of aluminum are restraining the market growth.

Aluminum extrusion is a metal forming process in which aluminum alloy is converted into desired shape for a wide range of uses. The density of aluminum is one third of steel as resulting products offer high strength, flexibility, stability and its malleability property allows it to be easily machined and casted. With aluminum extrusion, different types of profile are manufactured including semi-closed profiles, closed profile, and open profiles.

By type, the sub-structures segment is likely to witness significant growth over the next eight years, owing to rise in demand for electric vehicles where aluminum sub-structure is widely used to increase vehicle range. Moreover, rise in demand for lightweight vehicles prompts major vehicle manufacturers to prefer aluminum material for sub-structure, which in turn is anticipated to boost the automotive aluminum extrusion market across the globe.

On the basis of geography, North America region is projected to have considerable market growth during the forecast period, owing to implementation of stringent emission norms and increasing disposable income in this region. In this region, OEMs are investing in R&D for manufacturing of light vehicles for fuel efficiency increases the demand of automotive aluminum extrusion. The regulatory frameworks imposed by the National Highway Traffic Safety Administration (NHTSA) and the Environmental Protection Agency (EPA) in the United States have been instrumental in creating an evolving environment for the automobile industry.

Some of the key players in Automotive Aluminum Extrusion Market include 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.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 42.42 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

8.2%

Predicted 2028 Value:

USD 79.69 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

264

Chapters Covered:

Aluminum Grade, Type, Vehicle Type, Product, Application, and Sales Channel

Core Drivers and Opportunities:

  • Growing use of aluminum in chassis applications, vehicle closure parts, and body-in-white parts
  • Surge in trade volume owing to rising bilateral trade among countries
  • Adoption of aluminum extrusion for manufacture of complicated parts

Restraining Factors & Market Threats:

  • High production cost
  • Fluctuating prices


Aluminum Grades Covered:
• 7000 Series
• 6000 Series
• 5000 Series

Types Covered:
• Alumium Space Frame
• Body Panels
• Sub-Structures
• Door Beam
• Seat Back Bar
• Front Side Rail
• Pillars
• Bumper System
• Sub Frames

Vehicle Types Covered:
• 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)
• Passenger Vehicles

Products Covered:
• Reverse Extrusion of Aluminum
• Forward Extrusion of Aluminum

Applications Covered:
• Interiors
• Body Structure
• Chassis
• Engine Mount
• Exteriors
• Transmission
• Luggage Rack
• Driving Rod

Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturers (OEMs)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand   
o South Korea            
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Automotive Aluminum Extrusion Market is majorly driven by increasing use of aluminum in electric and electric hybrid vehicles, rise in consumer trend toward fuel-efficient vehicles across the globe, and rising complex structures in vehicles along with growing demand for high strength material.

The sub-structures segment is growing at a highest CAGR owing to the rise in demand for electric vehicles where aluminum sub-structure is widely used to increase vehicle range and rise in demand for lightweight vehicles prompts major vehicle manufacturers to prefer aluminum material for sub-structure.

Asia Pacific dominated with a significant market share due to the major manufacturing sectors in countries, such as China, India, Vietnam, Japan, and South Korea and rise in demand for electric vehicles across Asia Pacific.

North America market is growing at a highest CAGR owing to the implementation of stringent emission norms, increasing disposable income in this region, and the implementation of Corporate Average Fuel Economy (CAFE) standards in the region.

Key players in Automotive Aluminum Extrusion Market include 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.

1 Executive Summary       
        
2 Preface   
    
 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Product Analysis      
 3.7 Application Analysis      
 3.8 Emerging Markets      
 3.9 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Automotive Aluminum Extrusion Market, By Aluminum Grade       
 5.1 Introduction      
 5.2 7000 Series      
 5.3 6000 Series      
 5.4 5000 Series      
        
6 Global Automotive Aluminum Extrusion Market, By Type       
 6.1 Introduction      
 6.2 Alumium Space Frame      
 6.3 Body Panels      
 6.4 Sub-Structures      
 6.5 Door Beam      
 6.6 Seat Back Bar      
 6.7 Front Side Rail      
 6.8 Pillars       
 6.9 Bumper System      
 6.10 Sub Frames      
        
7 Global Automotive Aluminum Extrusion Market, By Vehicle Type       
 7.1 Introduction      
 7.2 Utility Vehicles      
 7.3 Commercial Vehicles      
  7.3.1 Light Commercial Vehicles      
  7.3.2 Heavy Commercial Vehicles     
 7.4 Buses & Coaches      
 7.5 Minicompact (A Segment)      
 7.6 Supermini (B Segment)      
 7.7 Compact (C Segment)      
 7.8 Mid-size (D Segment)      
 7.9 Executive (E Segment)      
 7.10 Luxury (F Segment)      
 7.11 Passenger Vehicles      
        
8 Global Automotive Aluminum Extrusion Market, By Product       
 8.1 Introduction      
 8.2 Reverse Extrusion of Aluminum      
 8.3 Forward Extrusion of Aluminum      
        
9 Global Automotive Aluminum Extrusion Market, By Application       
 9.1 Introduction      
 9.2 Interiors      
 9.3 Body Structure      
 9.4 Chassis      
 9.5 Engine Mount      
 9.6 Exteriors      
 9.7 Transmission      
 9.8 Luggage Rack      
 9.9 Driving Rod      
        
10 Global Automotive Aluminum Extrusion Market, By Sales Channel       
 10.1 Introduction      
 10.2 Aftermarket      
 10.3 Original Equipment Manufacturers (OEMs)      
        
11 Global Automotive Aluminum Extrusion Market, By Geography       
 11.1 Introduction      
 11.2 North America      
  11.2.1 US     
  11.2.2 Canada     
  11.2.3 Mexico     
 11.3 Europe      
  11.3.1 Germany     
  11.3.2 UK     
  11.3.3 Italy     
  11.3.4 France     
  11.3.5 Spain     
  11.3.6 Rest of Europe     
 11.4 Asia Pacific      
  11.4.1 Japan     
  11.4.2 China     
  11.4.3 India     
  11.4.4 Australia     
  11.4.5 New Zealand     
  11.4.6 South Korea     
  11.4.7 Rest of Asia Pacific     
 11.5 South America      
  11.5.1 Argentina     
  11.5.2 Brazil     
  11.5.3 Chile     
  11.5.4 Rest of South America     
 11.6 Middle East & Africa      
  11.6.1 Saudi Arabia     
  11.6.2 UAE     
  11.6.3 Qatar     
  11.6.4 South Africa     
  11.6.5 Rest of Middle East & Africa     
        
12 Key Developments       
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 12.2 Acquisitions & Mergers      
 12.3 New Product Launch      
 12.4 Expansions      
 12.5 Other Key Strategies      
        
13 Company Profiling       
 13.1 Novelis Inc.      
 13.2 Omnimax International      
 13.3 Constellium SE      
 13.4 Innoval Technology      
 13.5 Bonnell Aluminum Extrusion Company      
 13.6 CAPALEX      
 13.7 Kaiser Aluminum Corp      
 13.8 KOBE STEEL LTD.      
 13.9 UACJ Automotive Whitehall Industries, Inc.      
 13.10 3M      
 13.11 BENTELER International      
 13.12 ProfilGruppen Extrusions AB      
 13.13 SMS Schimmer      
 13.14 Walter Klein GmbH & Co. KG      
 13.15 Kobelco Aluminum Products & Extrusions Inc.      
 13.16 Norsk Hydro ASA      


List of Tables        
1 Global Automotive Aluminum Extrusion Market Outlook, By Region (2019-2028) ($MN)       
2 Global Automotive Aluminum Extrusion Market Outlook, By Aluminum Grade (2019-2028) ($MN)       
3 Global Automotive Aluminum Extrusion Market Outlook, By 7000 Series (2019-2028) ($MN)       
4 Global Automotive Aluminum Extrusion Market Outlook, By 6000 Series (2019-2028) ($MN)       
5 Global Automotive Aluminum Extrusion Market Outlook, By 5000 Series (2019-2028) ($MN)       
6 Global Automotive Aluminum Extrusion Market Outlook, By Type (2019-2028) ($MN)       
7 Global Automotive Aluminum Extrusion Market Outlook, By Alumium Space Frame (2019-2028) ($MN)       
8 Global Automotive Aluminum Extrusion Market Outlook, By Body Panels (2019-2028) ($MN)       
9 Global Automotive Aluminum Extrusion Market Outlook, By Sub-Structures (2019-2028) ($MN)       
10 Global Automotive Aluminum Extrusion Market Outlook, By Door Beam (2019-2028) ($MN)       
11 Global Automotive Aluminum Extrusion Market Outlook, By Seat Back Bar (2019-2028) ($MN)       
12 Global Automotive Aluminum Extrusion Market Outlook, By Front Side Rail (2019-2028) ($MN)       
13 Global Automotive Aluminum Extrusion Market Outlook, By Pillars (2019-2028) ($MN)       
14 Global Automotive Aluminum Extrusion Market Outlook, By Bumper System (2019-2028) ($MN)       
15 Global Automotive Aluminum Extrusion Market Outlook, By Sub Frames (2019-2028) ($MN)       
16 Global Automotive Aluminum Extrusion Market Outlook, By Vehicle Type (2019-2028) ($MN)       
17 Global Automotive Aluminum Extrusion Market Outlook, By Utility Vehicles (2019-2028) ($MN)       
18 Global Automotive Aluminum Extrusion Market Outlook, By Commercial Vehicles (2019-2028) ($MN)       
19 Global Automotive Aluminum Extrusion Market Outlook, By Light Commercial Vehicles (2019-2028) ($MN)       
20 Global Automotive Aluminum Extrusion Market Outlook, By Heavy Commercial Vehicles (2019-2028) ($MN)       
21 Global Automotive Aluminum Extrusion Market Outlook, By Buses & Coaches (2019-2028) ($MN)       
22 Global Automotive Aluminum Extrusion Market Outlook, By Minicompact (A Segment) (2019-2028) ($MN)       
23 Global Automotive Aluminum Extrusion Market Outlook, By Supermini (B Segment) (2019-2028) ($MN)       
24 Global Automotive Aluminum Extrusion Market Outlook, By Compact (C Segment) (2019-2028) ($MN)       
25 Global Automotive Aluminum Extrusion Market Outlook, By Mid-size (D Segment) (2019-2028) ($MN)       
26 Global Automotive Aluminum Extrusion Market Outlook, By Executive (E Segment) (2019-2028) ($MN)       
27 Global Automotive Aluminum Extrusion Market Outlook, By Luxury (F Segment) (2019-2028) ($MN)       
28 Global Automotive Aluminum Extrusion Market Outlook, By Passenger Vehicles (2019-2028) ($MN)       
29 Global Automotive Aluminum Extrusion Market Outlook, By Product (2019-2028) ($MN)       
30 Global Automotive Aluminum Extrusion Market Outlook, By Reverse Extrusion of Aluminum (2019-2028) ($MN)       
31 Global Automotive Aluminum Extrusion Market Outlook, By Forward Extrusion of Aluminum (2019-2028) ($MN)       
32 Global Automotive Aluminum Extrusion Market Outlook, By Application (2019-2028) ($MN)       
33 Global Automotive Aluminum Extrusion Market Outlook, By Interiors (2019-2028) ($MN)       
34 Global Automotive Aluminum Extrusion Market Outlook, By Body Structure (2019-2028) ($MN)       
35 Global Automotive Aluminum Extrusion Market Outlook, By Chassis (2019-2028) ($MN)       
36 Global Automotive Aluminum Extrusion Market Outlook, By Engine Mount (2019-2028) ($MN)       
37 Global Automotive Aluminum Extrusion Market Outlook, By Exteriors (2019-2028) ($MN)       
38 Global Automotive Aluminum Extrusion Market Outlook, By Transmission (2019-2028) ($MN)       
39 Global Automotive Aluminum Extrusion Market Outlook, By Luggage Rack (2019-2028) ($MN)       
40 Global Automotive Aluminum Extrusion Market Outlook, By Driving Rod (2019-2028) ($MN)       
41 Global Automotive Aluminum Extrusion Market Outlook, By Sales Channel (2019-2028) ($MN)       
42 Global Automotive Aluminum Extrusion Market Outlook, By Aftermarket (2019-2028) ($MN)       
43 Global Automotive Aluminum Extrusion Market Outlook, By Original Equipment Manufacturers (OEMs) (2019-2028) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.        

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