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Global body in white market is expected to register a steady CAGR of 3.05% in the forecast period of 2019-2026

Global body in white market is expected to register a steady CAGR of 3.05% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the significant importance of the product in automobile manufacturing and overall growth experienced by the industry providing a positive impact on this market.

Global Body in White Market By Vehicle Type (PC, LCV, M&HCV, EV), Construction (Frame Mounted, Monocoque), Manufacturing Method (Cold Stamping, Hot Stamping, Roll Forming, Others), Component Position (Structural, Inner, Exposed), Component (Fenders, Closures, Shock Towers, A-Post/B-Post, Others), Material (Steel, Aluminum, Magnesium, Composites, CFRP), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026.

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Market Analysis: Global Body in White Market

Global body in white market is expected to register a steady CAGR of 3.05% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the significant importance of the product in automobile manufacturing and overall growth experienced by the industry providing a positive impact on this market.

Market Definition: Global Body in White Market

Body in white is the first and foremost stage of any automobile manufacturing process. This involves building up an initial structure of components on which the various automobile components are to be integrated which will help in the manufacturing of consumable vehicle. This infrastructure is produced through different methods of adjoining components such as hot stamping, roll forming, cold stamping and others.

Market Drivers:

  • Rising levels of production associated with vehicles acts as a major market driver
  • Increasing focus of vehicle manufacturers on reducing the weight of vehicles to meet the stringent demands of emissions from vehicles is expected to drive the growth of the market
  • High focus on R&D of these products so as to not compromise on the strength of these products will also fuel the growth of the market

Market Restraints:

  • Large financial costs associated with the light-weighted materials thereby enhancing the rate of the product is expected to hinder the growth of the market
  • Increasing levels of investments required for the adoption of hot stamping method of production will also restrict this market growth

Segmentation: Global Body in White Market

By Vehicle Type

  • Passenger Cars (PC)
  • Light Commercial Vehicles (LCV)
  • Medium & Heavy Commercial Vehicles (M&HCV)
  • Electric Vehicles (EV)
    • Passenger Cars

By Construction

  • Frame Mounted
  • Monocoque

By Manufacturing Method

  • Cold Stamping
  • Hot Stamping
  • Roll Forming
  • Others

By Component Position

  • Structural
  • Inner
  • Exposed

By Component

  • Fenders
  • Closures, Shock Towers
  • A-Post/B-Post
  • Others

By Material

  • Steel
    • Mild Steel (MS)
    • High-Strength Steel (HSS)
    • Advanced High Strength Steel (AHSS)
    • Ultra-High Strength Steel (UHSS)
  • Aluminum
  • Magnesium
  • Composites
  • Carbon-Fiber Reinforced Plastics (CFRP)

Key Developments in the Market:

  • In July 2019, Autokiniton Global Group announced that they had agreed for the acquisition of Tower International for USD 900 million approximately. This acquisition will help in creating a substantial product portfolio and have a large-scale distribution portfolio for the North America market
  • In June 2019, Gestamp Automoción announced the inauguration of their latest plant situated in Nitra, Slovakia and will focus on provision of aluminum engineered metal components for Jaguar Land Rover. This will help in better provision of automotive components and parts as the advanced facility combined with expertise in production of these components giving rise to better quality of service

Competitive Analysis:

Global body in white market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of body in white market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request Detailed TOC:

Key Market Competitors:

Few of the major competitors currently working in the global body in white market are Gestamp Automoción; Tower International; Martinrea International Inc.; Benteler International; voestalpine Metal Forming GmbH; CIE Automotive; Magna International Inc.; AISIN SEIKI Co., Ltd.; Kirchhoff Automotive; JBM Group; thyssenkrupp System Engineering GmbH; DURA AUTOMOTIVE SYSTEMS.; AKKA; Autoneum; KWD AUTOMOTIVE AG & CO. KG; BADVE ENGINEERING LTD.; PANSE Group of Companies; Norsk Hydro ASA; AIDA ENGINEERING,LTD. among others.

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