Automotive Body-In-White Component Market Set For Rapid Industry Growth, To Reach Around US$ 125.61 Bn By 2025 with a CAGR of 4.1%

According to the new research report published by The Insight Partners, titled “Automotive Body-In-White Component Market–Global Analysis and Forecast to 2025”, the global automotive body-in-white component market is expected to reach US$ 125.61 Bn in 2025, registering a CAGR of 4.1% during the forecast period 2017-2025.

The automotive body-in-white component market has experienced significant growth rate in the past few years owing to increasing vehicle production worldwide. The BIW components accounts for 20 – 33 % of curb weight of the vehicle and therefore represents high revenue potential for component suppliers across the automotive value chain. Despite disruptions in the automotive sector such as evolution of electric / hybrid vehicle, development of driverless and connected vehicles, BIW components is invariable segment of automotive sector and therefore associated as the major business segment in overall automotive industry. Only a handful of players dominate the global automotive body-in-white component market owing to high investments, enhanced R&D capabilities, and strong supplier relationships among others.

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This Report encloses comprehensive analysis on the market and market data validated by three approaches including top companies’ revenues. It concludes with precise and authentic market estimations considering all the parameters and market dynamics. Every crucial and decisive detail for the development and restriction of the market is mentioned in the report that may affect the market in near future. Segmentation of the market are studied specifically to give profound knowledge for supplementary market investments.

Leading Key Market Players Mentioned in the Report:- Gestamp Automicion SA, ThyssenKrupp Systems Engineering, Hyundai Rotem Company, AIDA Engineering Ltd., BENTELER International AG, Eagle Press & Equipment Co., Magna International Inc., and Martinrea International Inc.

The report “Automotive Body-in-White Market” gives varied description about the segmentation of the market on the basis of segmented Dosage, Route of Administration and Application, and leads with a descriptive structure of the trends and restrictions of the various segments and sub segments. It also provides the market size and estimates a forecast from the year 2019 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Typhoid Vaccines market.

Steel is the most widely used material for BIW component production and is accounted for the largest share in the global automotive body-in-white component market in 2016. Based on material type, this sub-segment of automotive body-in-white component market is expected to remain dominant over the forecast period owing to low cost and enhanced strength of the material. However, steel may not be utilized in its conventional form but is widely utilized under different grades classified based on strength of the material.

Global Automotive Body-In-White Component - Market Segmentation

By Material Type
• Steel
• MS
• HSS
• AHSS
• UHSS
• Aluminium
• Magnesium
• CFRP

By Component Position
• Structural
• Inner
• Exposed

By Component Type
• Fenders
• Closures
• Shock Towers
• A-Post / B-Post
• Others

The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Automotive Body-in-Whites market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

Key Elements that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the “Automotive Body-in-Whites market”.
• Key market trends cracking up the growth of the “Automotive Body-in-Whites market”.
• Challenges to market growth.
• Key vendors of “Automotive Body-in-Whites market”.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global “Automotive Body-in-Whites market”.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.