Aluminium Profiles And Fittings Market - Forecast(2023 - 2028)

Report Code: CMR 49727 Report Format: PDF + Excel

Aluminum Profiles and Fittings Market Overview

Aluminum profiles and fittings market size is forecast to reach US$2.1 billion by 2026, after growing at a CAGR of 3.8% during 2021-2026, owing to the increasing usage of aluminum profiles and fittings in various applications such as building doors, building structures, aerospace components and more. Aluminum profiles include parts, flexible connectors, and assistants to allow the total edges to be constructed from components without any drilling or machining needed. Aluminum profiles are used as an option to welded steel frames can reduce material costs, improve flexibility and reduce assembly time. The rapid growth of the building and construction industry has increased the demand for aluminum materials; thereby, fueling the market growth. Furthermore, the flourishing transportation industry is also expected to drive the aluminum profiles and fittings industry substantially during the forecast period.

COVID-19 Impact

During this time when the COVID-19 pandemic is crippling various industries, public construction has been one of the few industries that have been maintained to some extent. While the operation is likely to continue in the short term, work is expected to stop soon due to numerous reasons, including disruption of supply chains, shortages of subcontractors and materials, and the termination of cost management contracts. There has been a temporary suspension of building and construction activities in various regions. For instance, the construction output in Great Britain fell by a record 35.0% in Quarter 2 (Apr to June) 2020 compared with Quarter 1 (Jan to Mar) 2020. This value decline was due to the Corona Virus pandemic. With the decrease in building and construction operation, the demand for aluminum materials has significantly fallen, which is having a major impact on the aluminum profiles and fittings market.

Aluminum Profiles and Fittings Market Report Coverage

The report: “Aluminum Profiles and Fittings Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the aluminum profiles and fittings Industry.

By Product Type: Profiles, and Fittings
By Type: Fixed Sash, and Movable Sash
By Size: Small, and Large
By Application: New Construction, and Repair/Rehabilitation
By End-Use Industry: Transportation (Automotive (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), and Others), Aerospace (Commercial, Military, and Others)), Building and Construction (Residential, Commercial, Industrial, and Infrastructure), and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

Key Takeaways

  • Asia-Pacific dominates the aluminum profiles and fittings market, owing to the increasing manufacturing & construction activities in APAC due to various government initiatives such as “100 smart cities” and “Housing for all by 2022”. 
  • The aluminum profile and fitting accessories are largely employed in the building and construction end-use industry for installing different levels and structures on the wall such as cabinets, dividers, building doors, building structures, and many others. These applications of aluminum profiles and fittings are projected to increase market growth. 
  • With the rising migration of people towards urban areas, there is a strong need to develop residential homes, which will have a positive impact on the construction industry, and thereby accelerating the demand for aluminum profiles and fittings market during the forecast period.

Figure: Asia-Pacific Aluminum Profiles and Fittings Market Revenue, 2020-2026 (US$ Million)

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Aluminum Profiles and Fittings Market Segment Analysis – By Application

The new construction segment held the largest share in the aluminum profiles and fittings market in 2020 and is growing at a CAGR of 4.1% during 2021-2026, owing to an increase in new building activities in different regions relative to repair/rehabilitation activities. In Great Britain, construction production increased by 0.5 percent in Quarter 4 (October to December) 2019, compared to Quarter 3 (July to September). This was driven by a 0.8 percent increase in new employment, which offset a 0.1 percent decrease in repair and maintenance development. Repair and maintenance fell 0.1 percent in Quarter 4 2019, led by a 2.9 percent decrease in private housing repair and maintenance; however, non-housing and public housing repair and maintenance rose 1.6 percent and 0.9 percent, respectively. Thus, aluminum profiles and fittings are used during new construction applications of building doors and building structures such as roofing, curtain walling, structural glazing, architectural hardware, roofing, prefabricated buildings, Heating & Ventilation, partitions, shopfitting, ladders, scaffolding, and more, which is the major driving factor for the aluminum profiles and fittings market during the forecast period.

Aluminum Profiles and Fittings Market Segment Analysis – By End-Use Industry

The building and construction segment held the largest share in the aluminum profiles and fittings market in 2020 and is growing at a CAGR of 5.7% during 2021-2026, owing to the increasing usage of aluminum profiles and fittings in the building and construction industry. Aluminum profiles and fittings are extensively utilized for connecting one portion of the furniture to another. Profile fittings made of aluminum are very durable and extremely efficient to use for a very long time. These Aluminum profile fittings have excellent dimension and thickness fabricated with compliance with industrial standards, owing to which it is largely employed in the building and construction industry. Thus, the increasing application of aluminum profiles and fittings in the building and construction industry, owing to its extensive applications is the major factor driving the demand for aluminum profiles and fittings in the building and construction industry during the forecast period.

Aluminum Profiles and Fittings Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the aluminum profiles and fittings market in 2020 up to 45%, owing to the increasing demand for aluminum profiles and fittings from the building and construction industry in the region. Due to the increasing population and increasing per capita income of individuals, the need for buildings and infrastructure is growing at a lucrative rate in Asia Pacific countries such as China, India, Singapore, and more. The Indian government has initiated projects, such as ‘100 smart cities’ and ‘Housing for All by 2022,’ which are expected to drive the Indian residential construction market over the forecast period. The Chinese construction industry is expected to expand at an annual average of 5% in real terms between 2019 and 2023, according to the International Trade Administration (ITA). Due to various government measures, such as Foreign Direct Investments, building and construction activities are also growing (FDI). Such investments and initiatives by the government are flourishing the building and construction sector in the APAC region, which is further driving the aluminum profiles and fittings market growth in the region as it is extensively employed in the building and construction industry. Thus, the expanding building and construction industry is anticipated to drive the aluminum profiles and fittings market in the APAC region during the forecast period.

Aluminum Profiles and Fittings Market – Drivers

Increasing Automotive Production

Aluminum profiles and fittings are extensively utilized in the automotive sector for internal as well as external applications. It is used in the automotive sector for a variety of uses such as luggage carrier sections, footrest sections, connector sections used in engine assemblies, and more. China is the world's largest vehicle market, according to the International Trade Administration (ITA), and the Chinese government expects the production of vehicles to reach 35 million by 2025. According to the International Clean Transport Council (icct), new car registrations in the EU have risen marginally to a level of 15.5 million in 2019. In 2019, the sport utility vehicle (SUV) category accounted for nearly 5.7 million new vehicles, 10 times as many as in 2001. India's annual production in 2019 was 30.91 million vehicles, according to Invest India, compared to 29.08 million in 2018, recording a healthy 6.26 percent growth. Also, by 2026, the US$118 billion Indian car industry is projected to cross US$300 billion. Thus, increasing automation production will require more aluminum profiles and fittings for manufacturing automotive, which will act as a driver for the aluminum profiles and fittings market. 

Flourishing Aerospace Industry 

Aluminum profiles and fittings are corrosion resistant, and have high strength feature significant for aircraft and security applications. Aluminum profiles and fittings offer benefits such as tolerance, forming, heat treating, custom finishing solutions, and post extrusion operations that can make the aerospace part, component, or completed product even more effective and beneficial. In 2019, China was the second-largest civil aerospace and aviation services market in the world and one of the fastest-growing markets, according to the International Trade Administration (ITA). China is expected to need about 6,810 new commercial aircraft, valued at US$1 trillion, in 2016, according to Boeing, over the next two decades. By 2030, Boeing's latest business outlook predicts demand for 2,520 new aircraft in the Middle East. According to Boeing India, demand for 2,300 aircraft, worth US$320 billion, is also expected to rise over the next 20 years. Hence, the increasing aviation industry acts as a driver for the aluminum profiles and fittings market. 

Aluminum Profiles and Fittings MarketChallenges

Increasing Preference of Steel over Aluminium

Wherever possible, the big construction project needs to save money. Unfortunately, as opposed to steel, aluminium is more costly. Furthermore, since aluminium cannot withstand the same amount of stress as steel, more aluminium sheets are used, resulting in higher costs. When compared to steel, aluminium is more prone to denting and scratching, as well as being much thinner. Steel is a strong material that will not warp, deform, or bend when subjected to weight, force, or heat. Nonetheless, steel's power comes at the cost of being much heavier and denser than aluminium. These benefits of steel over aluminum may hamper the growth of aluminum profiles and fittings market over the forecast period.

Aluminum Profiles and Fittings Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the aluminum profiles and fittings market. Major players in the aluminum profiles and fittings market are Parker Hannifin, Norsk Hydro, Guangdong Xingfa Aluminium, Global Alminium, Zhongwang Holdings, Arconic, Constellium, Hindalco-Novelis, Taixing Sainty Industry, Cozydoor Aluminum Profile, DONG-IL Aluminium, Pag International, and Hafele India.

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1. Aluminium Profiles and Fittings Market- Market Overview
    1.1 Definitions and Scope
2. Aluminium Profiles and Fittings Market- Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Type
    2.3 Key Trends by Size
    2.4 Key Trends by Application
    2.5 Key Trends by End-Use Industry
    2.6 Key Trends by Geography
3. Aluminium Profiles and Fittings Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Aluminium Profiles and Fittings Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Aluminium Profiles and Fittings Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Aluminium Profiles and Fittings Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Aluminium Profiles and Fittings Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Aluminium Profiles and Fittings Market– By Product Type (Market Size -US$ Million/Billion)
    8.1 Profiles
    8.2 Fittings
9. Aluminium Profiles and Fittings Market– By Type (Market Size -US$ Million/Billion)
    9.1 Fixed Sash
    9.2 Movable Sash
10. Aluminium Profiles and Fittings Market– By Size (Market Size -US$ Million/Billion)
    10.1 Small
    10.2 Large
11. Aluminium Profiles and Fittings Market– By Application (Market Size -US$ Million/Billion)
    11.1 New Construction
    11.2 Repair/Rehabilitation
12. Aluminium Profiles and Fittings Market– By End-Use Industry (Market Size -US$ Million/Billion)
    12.1 Transportation
        12.1.1 Automotive
            12.1.1.1 Passenger Cars
            12.1.1.2 Light Commercial Vehicles (LCV)
            12.1.1.3 Heavy Commercial Vehicles (HCV)
            12.1.1.4 Others
        12.1.2 Aerospace
            12.1.2.1 Commercial
            12.1.2.2 Military
            12.1.2.3 Others
    12.2 Building and Construction
        12.2.1 Residential
        12.2.2 Commercial
        12.2.3 Industrial
        12.2.4 Infrastructure
    12.3 Others
13. Aluminium Profiles and Fittings Market - By Geography (Market Size -US$ Million/Billion)
    13.1 North America
        13.1.1 USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Netherlands
        13.2.6 Spain
        13.2.7 Russia
        13.2.8 Belgium
        13.2.9 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zealand
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
            13.5.1.1 Saudi Arabia
            13.5.1.2 UAE
            13.5.1.3 Israel
            13.5.1.4 Rest of the Middle East
        13.5.2 Africa
            13.5.2.1 South Africa
            13.5.2.2 Nigeria
            13.5.2.3 Rest of Africa
14. Aluminium Profiles and Fittings Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Aluminium Profiles and Fittings Market – Market Share Analysis Premium
    15.1 Market Share at Global Level - Major companies
    15.2 Market Share by Key Region - Major companies
    15.3 Market Share by Key Country - Major companies
    15.4 Market Share by Key Application - Major companies
    15.5 Market Share by Key Product Type/Product category - Major companies
    15.6 Comapny Benchmarking Matrix - Major Companies
16. Aluminium Profiles and Fittings Market – Key Company List by Country Premium Premium
17. Aluminium Profiles and Fittings Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"