Market revenue in 2022 | USD 94,194.5 million |
Market revenue in 2030 | USD 146,816.8 million |
Growth rate | 5.7% (CAGR from 2022 to 2030) |
Largest segment | Shapes |
Fastest growing segment | Pipes & Tubes |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Shapes, Rods & Bars, Pipes & Tubes |
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum extrusion market will help companies and investors design strategic landscapes.
shapes was the largest segment with a revenue share of 79.48% in 2022. Horizon Databook has segmented the Global aluminum extrusion market based on shapes, rods & bars, pipes & tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Automobile manufacturers are under increasing pressure to meet the regulatory requirements pertaining to the environmental impact of vehicles. Corporate Average Fuel Economy (CAFE) regulation initiated in the U.S. has doubled its target for average fuel-efficiency from 2012 to 2025 owing to increasing emission of greenhouse gases.
Weight reduction in vehicles through the use of aluminum is set to play a crucial role in these conditions in order to meet the regulatory requirements. One pound of aluminum can replace up to 1.8 pounds of conventional steel thereby reducing the overall weight of the vehicles.
The beneficial properties of aluminum such as lightweight, corrosion resistance, and dent resistance allow car manufacturers to make the car body thicker in order to increase the dent resistance. As a result, the content of aluminum is increasing in vehicles. This trend is anticipated to continue over the forecast period.
Horizon Databook provides a detailed overview of global-level data and insights on the Global aluminum extrusion market , including forecasts for subscribers. This global databook contains high-level insights into Global aluminum extrusion market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account