IMARC Group, a leading market research company, has recently releases report titled “Automotive Body-in-White Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global automotive body-in-white market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the automotive body-in-white market?

The global automotive body-in-white market size reached US$ 96.24 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 112.73 Billion by 2028, exhibiting a growth rate (CAGR) of 2.50% during 2023-2028.

What are the growth prospects and trends in the automotive body-in-white industry?

The escalating demand for lightweight and fuel-efficient vehicles with structural design is primarily driving the automotive body-in-white market. Besides this, the implementation of stringent regulations and safety standards by the government bodies is promoting the need for advanced and sophisticated automobile structures, which is further augmenting the market growth. Moreover, the emerging trend of automation and Industry 4.0, alongside advancements in robotics, artificial intelligence, and digitalization, to facilitate more cost-effective and efficient production of complex BIW systems for improved overall quality and reduced waste is also catalyzing the global market. Apart from this, the development of new materials and technologies by the leading players that enhance vehicle performance and safety is acting as another significant growth-inducing factor. Furthermore, the expanding automobile industry, particularly in emerging economies, including China and India, and the inflating disposable incomes are expected to bolster the automotive body-in-white market in the coming years.

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What is Automotive Body-in-White?

The stage in automotive production represented as the Automotive Body-in-White (BIW) involves the assembly of the metal body structure of a car before the addition of any exterior components, such as doors, hood, and trunk lid. This process typically encompasses the main frame or unibody structure, along with subframes, cross members, and other supporting systems that establish the foundation of the vehicle. The BIW is often manufactured separately from the rest of the car, enabling greater production and assembly flexibility. Once completed, it is transported to the assembly plant, where it is integrated with other components, including the engine, transmission, and interior. As a critical component of vehicle design, the BIW determines crucial factors, such as strength, rigidity, and crashworthiness. In addition to this, automakers utilize advanced simulation tools to design and optimize the BIW for optimal performance, often incorporating lightweight materials, including aluminum or carbon fiber, to enhance fuel efficiency and reduce emissions.

What is included in market segmentation?

The report has segmented the market into the following categories:

Market Breakup by Material Type:

  • Aluminum
  • Steel
  • Composites
  • Others

Market Breakup by Vehicle Type:

  • Passenger vehicles
  • Commercial vehicles

Market Breakup by Propulsion Type:

  • IC engines
  • Electric vehicles

Market Breakup by Material Joining Technique:

  • Welding
  • Clinching
  • Laser brazing
  • Bonding
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • ABB Ltd.
  • Benteler International AG
  • CIE Automotive
  • Dura Automotive Systems
  • Gestamp Automocion S.A.
  • Kuka AG
  • Magna International Inc.
  • Martinrea International Inc.
  • Norsk Hydro ASA
  • Tata Steel Limited
  • TECOSIM Group
  • thyssenkrupp AG

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