Europe Market Study on Automotive Aluminum Extruded Parts: Germany to Lead With One-fourth Market Sh
Krazymedia08 Dec, 2022Business
Revenue from the Europe automotive aluminum extruded parts market was registered at US$ 9 Bn at the end of 2021 with the top 4 manufacturers accounting for 58% market share. As per detailed analysis, sales of automotive aluminum extruded parts in the region are expected to reach US$ 16.7 Bn by 2032, increasing at a healthy CAGR of 5.9%. Strict government emission norms, increased vehicle production, and growth of the automotive sector in Europe are majorly driving market growth. As such, rising adoption of lightweight vehicles is likely to increase the use of aluminum in their manufacturing.
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