Market Research Report
Body in White - Global Market Outlook (2018-2027)
|Body in White - Global Market Outlook (2018-2027)|
Published: February 20, 2020
Stratistics Market Research Consulting
Content info: 134 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Body in White Market is accounted for $74.18 billion in 2018 and is expected to reach $103.76 billion by 2027 growing at a CAGR of 3.8% during the forecast period. Increasing vehicle production in terms of passenger vehicles, electric vehicles, and heavy commercial vehicles is driving the growth of the market. However, high material cost for light weight solutions is likely to hamper the market growth.
Body-in-white (BIW) is the name given to a car body's sheet when all its components have been welded together, using one or a combination of different techniques: welding (spot, MIG/MAG), riveting, clinching, bonding, laser brazing etc. BIW is termed before painting and before the motor, chassis sub-assemblies, or trim (glass, door locks/handles, seats, upholstery, electronics, etc.) have been assembled in the frame structure.
Based on vehicle type, Electric vehicle passenger car sales have witnessed high growth over the last few years. The construction of the electric vehicle BIW structure is primarily dependent on light-weighting to attain the required mileage without compromising the structural integrity and safety. By geography, Europe is estimated to have a lucrative growth due to the presence of large automakers and focus on R&D on new technology.
Some of the key players in Global Body in White market include CIE Automotive, Gestamp Automocion, Martinrea International, Aisin Seiki, Voestalpine Group, Magna International, Tower International, KIRCHHOFF Automotive, Benteler International, Thyssenkrupp Group, JBM Auto, Dura Automotive, ArcelorMittal, and Roland Berger.
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.