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Automotive Recovery Likely To Augment Automotive Side Impact Assembly Market Sales 2031

06-01-2021 03:45 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

According to Fact.MR latest report, the automotive side impact assembly market is expected to expand gradually between 2021 and 2031 with CAGR of 3% to 6%. Though due to COVID-19 pandemic the overall sales were hampered and the demand drastically declined during 2020. However, it is estimated that the market will show positive growth from 2021 onwards.

The rising number of people killed in car accidents has prompted the automotive industry to invest in research and development, resulting in the growth of the automotive side impact assembly market

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What is Driving Demand for Automotive Side Impact Assembly?

Automotive side impact assembly are advances in vehicle structural design that help to avoid and reduce crash injury. In the event of an accident, side impact assembly absorb the collision force, resulting in minimal damage to passengers.

The large rise in high-end car purchases, combined with rash and dangerous driving, is leading to an increase in the number of accidents. Currently, sophisticated safety systems are being built into a variety of cars to protect passengers from injury.

All cars in the US must now be fitted with side impact assembly, according to authorities. Similar government regulations are expected to fuel the demand in the coming years in other countries. Automotive side impact assembly are standard in many high-end luxury and premium vehicles around the world.

Automotive Recovery Likely to Augment Automotive Side Impact Assembly Sales

The COVID-19-induced slowdown has had an effect on automotive sales all over the world. This has had a knock-on impact on sales of vehicle components and materials. Automotive industry will recover over a period of 3-4 financial quarters creating more demand for the side impact assembly. Over the forecast period, the rising attention of companies to reduce vehicle weight without sacrificing the vehicle's performance and safety features is expected to boost the aluminum based automotive side impact assembly.

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US and Canada Automotive Side Impact Assembly Demand Outlook

During the forecast period it is projected that the US will remain one of the most profitable markets for automotive side impact assembly. The reason for this is that all cars in the US must now be fitted with side impact assembly, according to authorities. Because of the presence of key original equipment manufacturers of automobiles in the area, North America is projected to hold a significant share of the global market.

Europe Demand Outlook for Automotive Side Impact Assembly

Read More Trending Reports of Fact.MR- http://www.globenewswire.com/en/news-release/2019/10/03/1924808/0/en/Increasing-Commuter-Preference-for-Shared-Taxi-Will-Boost-the-Demand-for-Minibus-Finds-Fact-MR.html

Due to strict regulations requiring vehicles to be equipped with side-assemblies, Europe is expected to show steady growth in the automotive side impact assembly sales over the forecast period. The COVID-19 crisis has had an adverse effect on many EU countries, resulting in a drop in economic activity.

In recent years, manufacturers have been gradually building a new customer base in the region. Demand is expected to increase as the European automotive sector continues to develop. Government initiatives to boost investment in Europe in order to boost manufacturing will also help the global market expand during the forecast period.

Who are the Key Manufacturers and Suppliers of Automotive Side Impact Assembly?

Some of the leading manufacturers and suppliers include

KVA Stainless
Arvin Sango, Inc.
DuPont
IFB Automotive Pvt Ltd
Benteler Automotive Corporation
H-One Co. ltd
GNS America
Aisin Seiki Co., Ltd.
Kirchhoff Automotive
Gestamp

Companies in the industry intend to acquire and collaborate strategically with end customers and regional distributors to meet the needs of an expanding customer base. To gain a foothold in new and increasingly growing markets, manufacturers use acquisition and regional expansion strategies.

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Key Segments
By Material Type
Stainless Steel
Aluminum
Plastic
Titanium
By Application
Front side doors
Rear side door
By Vehicle Type
Passenger Car
Compact
Mid-size
SUV
Luxury
Commercial Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
By Region
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
South Asia (India, ASEAN, Rest of South Asia)
East Asia (China , Japan, South Korea)
Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)

The market report gets rid of the following queries:

Which end use has the highest rate of consumption and why?
Which regions are the market players targeting to gain a competitive edge?
What is the growth forecast of the market in region?
What is the Y-o-Y growth rate of the market?
Which segment will have the maximum share of the market by the end of year?

And so on…..

Explore Fact.MR’s Comprehensive Coverage on  Automotive Landscape

Off-Highway Engine Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031: https://www.factmr.com/report/off-highway-engine-market

Autonomous Farm Equipment Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031: https://www.factmr.com/report/autonomous-farm-equipment-market

Aircraft Tugs Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031: https://www.factmr.com/report/2366/aircraft-tugs-market

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Fact.MR Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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