Global Automotive Pillar Market anticipated to be Valued at US$ 5,641.8 Mn by the end of 2017

Future Market Insights delivers key insights on the global automotive pillar market in its latest report titled ‘Automotive Pillar Market: Global Industry Analysis 2012-2016 and Opportunity Assessment, 2017-2027.’ The long-term outlook on the global automotive pillar market remains positive with the market value expected to increase at a CAGR of 3.9% during the forecast period (2017-2027). Among pillar type, the pillar A segment is expected to expand at a significant CAGR in terms of value and volume over the forecast period. The global sales of automotive pillar is estimated to be valued at US$ 5,641.8 Mn by the end of 2017. APEJ region is estimated to account for a value share of 39.9% in the global automotive pillar market by 2017 end and it is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on drivers and restraints likely to impact the market during this period.

Strategic positioning in regional markets as well as in national markets and business lines is the key to success for automotive pillar manufacturers. By establishing a strong position in the regional markets and businesses, prominent market participants could decrease the price pressure created by regional players, which in turn, would help them increase their profitability and create growth opportunities. The potential opportunities for prominent players would depend upon their understanding in getting acquainted with regional schemes and marketing tactics. Additionally, effective workforce, which can enhance client relationship along with strong distribution channels, can also help multinational companies to obtain competitive edge in the regional markets.

The market is becoming healthier for competition and this is a positive factor influencing the global automotive market. The growth of technology and automation in the manufacturing and supply of all types of vehicles (PCV, LCV, HCV and off road vehicles) has further increased the attractiveness of automobiles among consumers and industries. Prominent market players are trying to develop strong and long-lasting automotive pillars, which can be used efficiently and can sustain a variety of loads depending on the type and use of the vehicles in the global market. Advancements in material science technologies in manufacturing industries have enabled them to use new invented materials, such as alloys of stainless steel & aluminum, and various polymers and their composites for pillars, which makes various automotive pillars A, B, C and D, stronger and durable under extreme load conditions. The introduction of stainless steel and aluminum for the manufacturing of automotive pillar in all vehicles has been a game-changer for the automotive industry. Aluminum is known to perform well at high temperatures and offers high corrosion resistance, which allows it to meet differing social needs for reduced weight for better fuel economy. An additional benefit is that stainless steel automotive pillar are subjected less to temperature fluctuations in comparison with conventional iron automotive pillar

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Segmentation Analysis: The automotive pillar market is segmented on the basis of pillar type into Pillar A, Pillar B, Pillar C and Pillar D The Pillar A segment is estimated to grow at a relatively healthy CAGR as compared to other Pillar types over the forecast period. It is expected to represent a total incremental opportunity of US$ 1,602.7 Mn between 2017 and 2027. On the basis of sales channel, OEM segment is anticipated to be the most attractive segment in terms of value over the forecast period. The automotive Pillar market is segmented on the basis of vehicle type into passenger car, LCV and HCV .The passenger car segment is estimated to dominate the global automotive pillar throughout the forecast period. In terms of volume, It is estimated to be pegged at 204,992 ‘000 units by 2017 end.

Regional Market Projections: APEJ region, with China and India leading from the front is expected to be the dominating region with a 39.9% market share in terms of revenue in the global automotive pillar market by the end of 2017. China is expected to hold a dominant revenue share in the APEJ automotive Pillar market through 2027. The Western Europe market is projected to hold a significant market share in terms of value in the global automotive pillar market over the forecast period, exhibiting a CAGR of 3.6% over the forecast period.

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Vendor Insights: The report highlights some of the top companies operating in the global automotive Pillar market includes KIRCHHOFF Automotive GmbH, Gestamp, Toyoda Iron Works Co., Ltd., Magna International Inc., Aisin Seiki Co., Ltd., Trinseo S.A, GEDIA Automotive Group, G-Tekt Corporation, Martinrea International Inc., Tower International, Benteler International AG, Meleghy Automotive GmbH & Co. KG, Shiloh Industries, Sewon, ELSA, LLC and among others

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This release was published on openPR.