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Automotive Aluminium Extrusions Market Size to reach USD 10.13 billion by 2028

Automotive Aluminium Extrusions Market Size to reach USD 10.13 billion by 2028

Professional analysts forecast that Global Automotive Aluminium Extrusions Market was valued at USD 7,394.92 million in 2021 and is anticipated to grow to USD 10,131.07 million by 2028, expanding at a CAGR of 4.52% during the forecast period.

The report on ‘Global Automotive Aluminium Extrusions Market’ gives readers information on the most recent developments as well as statistics on the market's size, production and consumption, gross margin, pricing, value, and other critical elements. For the years 2022–2028, the research also looks at historical and contemporary valuations to help with market management. The study carefully assessed a number of market-influencing factors, such as regulations, the economic outlook, the competitive landscape, demographic details, recent trends, product releases, and developments in related industries, in order to conduct a thorough analysis of the business environment.

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COVID-19 impact:

The World Health Organization (WHO) declared the COVID-19 outbreak a public health emergency because of the serious risk it posed to countries with underdeveloped healthcare systems. The three main concerns for firms at this time seemed to be maintaining ties with customers, reducing corporate spending, and losing productivity as a result of distant employment. The sales of global automotive aluminium extrusions market have also been negatively impacted by travel restrictions, social isolation, bans on the selling of specific goods, cost-cutting consumer behavior, and project delays. Due to a dramatic decline in sales, businesses today struggle to recover fixed expenses in the absence of income creation.

The introduction of digital platforms, growing freight and cartage expenses, and the inflation of raw material prices are all factors that drive up costs. The new rule, however, is to prioritize current clients and to foster relationships of cooperation in order to make up for the losses incurred as a result of the pandemic.

Competitive Analysis:

Edmo Limited, Gulf Extrusions, Zahit Alüminyum, Montupet S.A., Haomei Aluminum, Arconic Corporation, Guangdong Hoshion Industrial Aluminium Co. Ltd., ETEM, Metra Aluminium Inc., Eural Gnutti S.p.A., Hindalco Industries Ltd., Kaiser Permanente, China Zhongwang Holdings Limited, Kam Kiu Aluminium Group, STEP-G, OTTO FUCHS Kommanditgesellschaft, Impol d. o. o., UACJ Corporation, Constellium SE, APALT, and Norsk Hydro ASA among others are the main players in global automotive aluminium extrusions industry which are contrasted in terms of their strengths and weaknesses, market shares, sales volumes, and most recent developments.   

Segmentation & Regional Overview:

Wordlwide automotive aluminium extrusions marketplace is bifurcated on the basis of the application landscape and by type. In terms of type, the industry is segmented into sub-structures and aluminum space frames. Based on the application landscape, the market is fragmented into EV, RV, truck & bus, cars & light trucks, and trailers.

The geographical analysis of the industry extends to the Middle East & Africa, Europe, Asia-Pacific, South America, and North America.

FAQs:

What statistics are available on the capacity, supply, and demand, as well as top manufacturers, of global market for automotive aluminium extrusion?

Which automotive aluminium extrusion applications are explored in the report's analysis of the worldwide market?

What market studies on automotive aluminium extrusion discuss the potential difficulties, and elements of growth?

Which application segment offers lucrative opportunities for global automotive aluminium extrusion market?

What comprehensive assessments of imports and commodity pricing agreements are included in the worldwide market study for automotive aluminium extrusion?

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