Europe Automotive Aluminum Extruded Parts Market 2022
Automotive Aluminum Extruded Parts Preferred Over Steel by Vehicle Manufacturers in Europe Due to Weight Reduction Benefits: Persistence Market Research
The Europe automotive aluminum extruded parts market is currently valued at US$ 9.4 Bn. Sales of automotive aluminum extruded parts in Europe are expected to increase at 5.9% CAGR through 2032. The Europe automotive aluminum extruded parts market is set to be valued at US$ 16.7 Bn by 2032, according to the latest research by Persistence Market Research, a research and consulting firm.
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As aluminum can provide weight savings of up to 50% as compared to traditional mild steel structures, it increases the fuel efficiency of a vehicle. Vehicles having aluminum material have a 20 percent less lifetime CO2 footprint as compared to steel vehicles. As a result, it is projected that demand for aluminum extruded parts in automotive applications would increase substantially over the coming years.
The high thermal conductivity of an aluminum extruded part makes it an excellent choice for removing heat from a vehicle. Alloy strength and extruded profile are also key variables to consider when it comes to electric vehicle crash control. As demand for electric vehicles grows across the world, the market for automotive aluminum extruded components is likely to develop further, as the range of electric vehicles is improved with the use of aluminum in their manufacturing.
- Novelis Inc.
- Benteler International
- Bonnell Aluminium Extrusion Company
- Constellium SE
- Kaiser Aluminium Corp.
- Kobe Steel Ltd.
- Norsk Hydro ASA
- Omnimax International
- ProfilGruppen Extrusions AB
- SMS Schimmer and more
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Key Segments of Market
Persistence Market Research’s study on the Europe automotive aluminum extruded parts market is divided into five significant segments -product type, material type, vehicle type, type of extrusion press, and country. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
- Door Beams
- Sub Frames
- Seat Back Bars
- Front Side Rails
- Space Frames
- Body Panels
- 5000 Series
- 6000 Series
- 7000 Series
- Passenger Cars( Compact cars, Mid-sized cars, Luxury Cars, SUVs)
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Type of Extrusion Press
- Direct Drive Oil Press
- Accumulator Water Drive Press
- Hydrostatic Extrusion Press
- The U.K.
- Rest of Europe
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Key Questions Answered in Report
Which country is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factors propelling demand for the automotive aluminum extruded parts in Europe during the forecast period?
How current trends will impact the Europe automotive aluminum extruded parts industry?
Who are significant market participants in the market?
What are the crucial strategies of prominent players in the Europe automotive aluminum extruded parts market to upscale their positions in this landscape?
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