Published by Jessica Weisman-Pitts
Posted on March 6, 2025
The automotive industry's focus on lightweighting and emission reduction is driving the demand for aluminum extruded parts. Aluminum's properties, such as low density, corrosion resistance, and recyclability, make it ideal for enhancing fuel efficiency and aligning with sustainability goals.
The global automotive aluminum extruded parts market is expected to be valued at US$ 61,522.6 million in 2024. It is expected to grow at a CAGR of 6%. As of the year 2034, this industry is projected to reach a market value of US$ 110,231.3 million.
The industry is seeing significant growth because of the need for lighter and more fuel-efficient cars. Since car manufacturers aim to comply with strict emission controls, aluminum extruded components present a good alternative to minimize overall vehicle weight.
These components, including body panels, structural components, and heat exchangers, improve performance and fuel efficiency. Moreover, the corrosion resistance and strength of aluminum make it a desirable option for automotive applications.
The increasing use of electric vehicles also affects the market, with aluminum extrusions playing a part in realizing improved range and efficiency. As manufacturing processes and materials continue to advance, the market is set for further growth, with the industry's focus on sustainability and innovation.
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Key Takeaways from Market Study:
Leading Players Driving Innovation in the Automotive Aluminum Extruded Parts Market:
Novelis Inc.; Benteler International; Bonnell Aluminum Extrusion Company; CAPALEX; Constellium SE; Kaiser Aluminium Corp.; Kobe Steel Ltd.; Norsk Hydro ASA; Omnimax International; ProfilGruppen Extrusions AB; SMS Schimmer.
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Country-wise Insights:
The United States is emerging as a significant player in the automotive aluminum extruded parts market, driven by a strong emphasis on fuel efficiency and emission reduction. In 2024, the market value in the U.S. is estimated at US$ 12,950.5 million, with a projected growth rate of 4.8% CAGR from 2024 to 2034. By 2034, the market is expected to reach US$ 20,790.5 million. This growth is fueled by stringent environmental regulations and increasing consumer demand for eco-friendly vehicles, prompting automakers to adopt lightweight materials like aluminum extrusions to enhance vehicle efficiency. This strategic shift aligns with the national sustainability drive, positioning the United States as a key contributor to the expanding automotive aluminum extruded parts market.
Category-wise Insights:
The increasing preference for extruded parts in automotive applications is driving significant growth in the adoption of the 6000 series aluminum extrusions. In 2024, the market value for this segment is estimated at US$ 16,188.3 million, with a projected 6.6% CAGR from 2024 to 2034, reaching US$ 30,754.5 million by the end of the forecast period. The 6000 series is gaining traction due to its optimal balance of strength, formability, and corrosion resistance, making it a preferred choice for various automotive components. As manufacturers seek materials that provide both durability and workability, the 6000 series aluminium extrusions continue to play a crucial role in the overall expansion of the automotive aluminium extruded parts market.
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