Automotive Extruded Aluminum, Global Market Size Forecast, Top 17 Players Rank and Market Share (Internet Services - Other Internet Services)
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Automotive Extruded Aluminum, Global Market Size Forecast, Top 17 Players Rank and Market Share | |
According to the new market research report "Global Automotive Extruded Aluminum Market Report 2023-2029", published by QYResearch, the global Automotive Extruded Aluminum market size is projected to grow from USD 8.11 billion in 2023 to USD 10.63 billion by 2029, at a CAGR of 4.6% during the forecast period. According to QYResearch Top Players Research Center, the global key manufacturers of Automotive Extruded Aluminum include Hydro, APALT, Constellium, UACJ, Impol, OTTO FUCHS, Zhongwang, STEP-G, Kam Kiu, Kaiser, etc. In 2022, the global top five players had a share approximately 56.0% in terms of revenue. Market Drivers: 1.Although Aluminium in automobiles has been used for several years its proportion in new vehicles increases steadily. Nevertheless, the use of aluminium adoption in automobiles and demand varies from country to country for various reasons. During the last several years aluminium use in automobiles and light trucks marks the highest growth from all other aluminium applications, in any segment of use. Aluminium remains “the fastest growing automotive material over competing materials and is entering its most unprecedented growth phase since we’ve been tracking the shifting mix of automotive materials,” the latest survey of automakers by Ducker Worldwide (U.S. leading consultancy) showed. The WardsAuto and DuPont Automotive survey also confirms aluminium is the first preferred material of choice among engineers and designers to help meet the expected fuel economy and emissions standards by 2025. Additional prospects for even higher aluminium demand comes from electric vehicles revolution, entering the market sooner and faster than anyone could expect. In the electric vehicle (EV) market, the biggest factor that drives consumer preference, aside of high but falling costs, is driving range. To achieve a high range for a given battery size and weight, weight reduction of EV is needed. And again, the preferred material in EV lightening is aluminium. Restraint: Under fierce market competition, small startups face enormous operational pressure, and with the increase of market participants, price wars become increasingly fierce. The global economy is facing significant downward pressure, with the slowdown in economic growth in major economies, high inflation, and multiple rounds of interest rate hikes by the Federal Reserve weakening the willingness of enterprises to invest. Trade friction intensifies, geopolitical conflicts continue. Global geopolitical conflicts continue, trade frictions intensify, regional economic uncertainty intensifies, and exchange rate fluctuations are significant, increasing business risks for enterprises. Opportunity: Aluminum is gaining popularity as the fastest growing automotive material. Electric vehicles (EVs) are driving the automotive aluminum extrusion market. The growing use of aluminum in chassis applications, vehicle closure parts, and body-in-white parts are bolstering market growth. As such, automakers are adapting to new mobility standards, and are bullish on the growth of aluminum in the EV sector. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
| Target State: All States Target City : All Cities Last Update : Mar 28, 2024 10:50 PM Number of Views: 53 | Item Owner : Joyce Contact Email: Contact Phone: 13051817187 |
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2024-11-21 (0.387 sec)