Body in White Market 2020: Global Industry Dynamics, Forecasts to 2027, Sales and Revenue Analysis Report| Top Players- Gestamp Automoción; Tower International; Martinrea International
Global body in white market is expected to register a steady CAGR of 3.05% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the significant importance of the product in automobile manufacturing and overall growth experienced by the industry providing a positive impact on this market.
Body in white is the first and foremost stage of any automobile manufacturing process. This involves building up an initial structure of components on which the various automobile components are to be integrated which will help in the manufacturing of consumable vehicle. This infrastructure is produced through different methods of adjoining components such as hot stamping, roll forming, cold stamping and others.
Key Developments in the Market:
In July 2019, Autokiniton Global Group announced that they had agreed for the acquisition of Tower International for USD 900 million approximately. This acquisition will help in creating a substantial product portfolio and have a large-scale distribution portfolio for the North America market
In June 2019, Gestamp Automoción announced the inauguration of their latest plant situated in Nitra, Slovakia and will focus on provision of aluminum engineered metal components for Jaguar Land Rover. This will help in better provision of automotive components and parts as the advanced facility combined with expertise in production of these components giving rise to better quality of service
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Major Market Players Covered in The Body in White Market Are:
Few of the major competitors currently working in the global body in white market are Gestamp Automoción; Tower International; Martinrea International Inc.; Benteler International; voestalpine Metal Forming GmbH; CIE Automotive; Magna International Inc.; AISIN SEIKI Co., Ltd.; Kirchhoff Automotive; JBM Group; thyssenkrupp System Engineering GmbH; DURA AUTOMOTIVE SYSTEMS.; AKKA; Autoneum; KWD AUTOMOTIVE AG & CO. KG; BADVE ENGINEERING LTD.; PANSE Group of Companies; Norsk Hydro ASA; AIDA ENGINEERING,LTD. among others.
• Rising levels of production associated with vehicles acts as a major market driver
• Increasing focus of vehicle manufacturers on reducing the weight of vehicles to meet the stringent demands of emissions from vehicles is expected to drive the growth of the market
• High focus on R&D of these products so as to not compromise on the strength of these products will also fuel the growth of the market
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Global Body in White Market Scope and Segments
By Vehicle Type
• Passenger Cars (PC)
• Light Commercial Vehicles (LCV)
• Medium & Heavy Commercial Vehicles (M&HCV)
• Electric Vehicles (EV)
o Passenger Cars
By Manufacturing Method
• Cold Stamping
• Hot Stamping
• Roll Forming
• Closures, Shock Towers
• Middle East and Africa
• North America
• South America
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Strategic Points Covered in Table of Content of Global Body in White Market:
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
9. Industry Type
11. Company Landscape
12. Company Profiles
13. Related Reports
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