Extrusion is the process of shaping materials by using die force. Extrusion enables the manufacture of components or parts of unique designs in varying shapes and sizes. Different types of profiles are manufactured such as open profiles, closed profiles, and semi-closed profiles. In the aluminum extrusion process, complicated cross-sectional shapes can be without compromising on flexibility and strength in order to achieve maximum strength.
Stringent emission norms have prompted automotive parts manufacturers to focus on reduction of vehicle weight in the last few years, in order to achieve maximum fuel-efficiency and comply with the norms set by regulatory bodies. Adoption of aluminum extrusion to manufacture complicated parts is rising in the automotive industry. Aluminum alloy offers greater flexibility as compared to that offered by steel. It can be extruded in complex cross-sectional shapes with varying wall thickness and hence, the demand for aluminum extrusion parts is increasing in the automotive industry. Implementation of stringent fuel economy regulations in Europe and North America is driving the demand for fuel-efficient vehicles in these regions. Similarly, Japan and China have also enacted fuel economy regulations and hence, the adoption of aluminum extrusion is likely to rise, which in turn is anticipated to drive the automotive aluminum extrusion market during the forecast period. Increasing complex structures in vehicles along with increasing demand for high strength material and rising applications of aluminum extrusion are likely to propel the automotive aluminum extrusion market during the forecast period.
The automotive aluminum extrusion market can be segmented based on application, vehicle, and region. Based on application, the automotive aluminum extrusion market can be classified into aluminum space frame, bumper system, and others. Increasing stringent collision safety standard have prompted vehicle parts to possess energy absorbing characteristics. The primary function of the bumper system is to absorb the impact and energy by self-deformation in case of a collision. The bumper system is manufactured by extrusion of high strength material in order to sustain the impact and to meet the stringent collision standards. Components, such as bumper beam and bumper stay, are manufactured by using aluminum and hence, the bumper system segment is likely to expand during the forecast period. Body parts sub-segment includes several applications of aluminum alloy extrusion such as door beam, seat back bar, locker, and front side rail. Increasing demand for aluminum alloy in order to reduce the overall weight of the vehicle likely to propel the body part sub-segment during the forecast period.
In terms of vehicle type, the automotive aluminum extrusion market can be bifurcated into passenger vehicle and commercial vehicle. Adoption aluminum alloy in passenger vehicles, especially in premium sedans and SUVs is increasing and auto manufacturers are developing high strength automotive parts to enhance safety. Consequently, the passenger vehicle segment is likely to expand during the forecast period.
In terms of region, the global automotive aluminum extrusion market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Implementation of stringent emission norms across North America and Europe coupled with high rate of adoption of aluminum alloy in vehicles in order to reduce overall weight is anticipated to boost the market in these region.
Key players operating in the automotive aluminum extrusion market include Aleris Corporation, Arconic, AV Alumitran, Bonnell Aluminum, CHINA ZHONGWANG HOLDINGS LIMITED, Gulf Extrusions Co. LLC, and Kobe Steel, Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.