The Automotive Body-in-White Market was valued at USD 78 billion in 2020, and it is expected to reach USD 89 billion by 2027, registering a CAGR of 2% during the forecast period (2021 – 2027).
The automotive BIW parts market has recorded a significant growth rate due to increased vehicle production in the region. BIW components account for 20-33% of a vehicle’s curb weight, indicating a high revenue potential for component suppliers across the automotive value chain. Despite disruptions in the automotive sector, such as the evolution of electric/hybrid vehicles, and the development of driverless and connected vehicles, the BIW component is an immutable sector of the automotive sector, leading to a major business sector for the entire automotive industry. The materials used in the production of vehicles vary widely, so the choice of material depends on economics, light weight, safety characteristics, mass production and life cycle considerations. Few players dominate the global BIW parts market due to high investment, improved R&D capabilities and strong supplier relationships. The automotive BIW parts market is intertwined with automobile production. Additionally, BIW components, including chassis, are estimated to register a value of $1,300 per vehicle worldwide.
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A full report of Global Automotive Body-in-White Market is available at: https://www.orionmarketreports.com/automotive-body-in-white-market/60974/
Market Segments
By Material Type
- Steel
- Aluminium
- Magnesium
- CFRP
By Components Position
- Structural
- Inner
- Exposed
By Component Type
- Fenders
- Closures
- Shock Towers
- A-Post / B-Post
Key Players
- Gestamp Automocin
- Voestalpine Group
- Magna
- Benteler International
- CIE Automotive
- Tower International
- Martinrea International
- Aisin Seiki
Scope of the Report
The research study analyzes the global Automotive Body-in-White industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Body-in-White Market Report
1. What was the Automotive Body-in-White Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Automotive Body-in-White Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Body-in-White Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Body-in-White market.
- The market share of the global Automotive Body-in-White market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Body-in-White market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Body-in-White market.
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