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Research Reports

Automotive Body in White sales at 3.4% CAGR over the forecast period from 2021 to 2031, reaching US$ 59.7 billion in 2021

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As per a Future Market Insight (FMI) analysis, the automotive body in white demand is expected to rise at a year-on-year (YoY) growth of 3.1%, reaching US$ 59.7 billion in 2021. The increasing demand for passenger vehicles will drive the automotive body in white sales at 3.4% CAGR over the forecast period from 2021 to 2031.

Automotive body in white market is set to be valued at US$ 59.66 Bn in 2021, with a lucrative long-term projection, according to latest study conducted by Future Market Insights (FMI).

The rising demand for sustainable means of transportation is expected to propel the automotive body in white market growth.

Some of the leading manufacturers are focusing on providing high quality body in white and are expected to invest in new technologies and advanced manufacturing procedures in order to stay ahead of the competition.

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The rise in the automotive production globally is expected to drive the demand for body in white during the forecast period. Governments in various parts of the world are introducing regulations to encourage the incorporation of innovative technology.

Body in white manufacturing companies are entering into merges and acquisitions with leading automotive OEMs and tier 1 suppliers in order to expand their market presence.

The global automotive industry suffered a major decline of production and sales in 2020 due to pandemic, but the market is slowly recovering as the manufacturing facilities have resumed production of automotive vehicles.

According to research, the global automotive body in white market is projected to exhibit growth between 3% and 4% during the tenure of 2021 to 2031

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Automotive Body in White Market by Category

By Product Type:

  • Body Structure
    • Bumper Beam
    • Crossmember
    • Roof Frame
    • Cross Car Beam
    • Others
  • Body Component
    • Quarter Panel
    • Floor Panel
    • Rocker Panel
  • Chassis

By Vehicle Type:

  • Passenger Vehicles
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Takeaways from Market Study

“The market is predicted to grow due to the increasing global production of automobiles and the deployment of innovative manufacturing procedures” says a Future Market Insights analyst.

Competitive Landscape

The market is consolidated with key players serving leading OEMs and automotive tier 1 suppliers. These players are likely to invest in new technology developments and expansion of their networks in order to increase their market shares. Some of the key players in this industry are Kirchhoff Automotive GmbHBenteler International, Voestalpine AG, Gestamp Automocion, CIE Automotive, ThyssenKrupp AG, Magna International Inc., JBM Auto, Martinrea International Inc., Shiloh Industries, Dura Automotive Systems, H-One Co., Ltd, Autokiniton Global Group, Multimatic Inc. and Futaba Industrial Co., Ltd.

Report Coverage:

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

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Automotive Lead Acid Battery Market : The global automotive lead acid battery sales is projected to increasing, enabling the market’s valuation to reach US$ 36.2 Bn in 2031, according to the latest research by Future Market Insights (FMI). The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/automotive-body-in-white-market
Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-body-in-white-market   

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