Press release
Global Automotive BIW Market to prosper due to increasing demand for autonomous vehicles.
The Latest report initiated by Evolve Business Intelligence on Automotive BIW Market provides a detailed assessment of the market size and forecast from 2020 to 2028. The global Automotive BIW market size is expected to reach $93.88 Billion by 2028 growing at the CAGR of 3.78% from 2021 to 2028. The major drivers for the growth of the Global Automotive BIW Market are increasing demand for electric vehicles, increasing demand for autonomous vehicles, and increasing need for improved security.
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COVID-19 Pandemic has begun striking businesses across multiple sectors and industries including manufacturing, food production, automotive, aerospace &defense companies, government agencies, pharmaceutical manufacturers, and producers of oil & gas products. The repercussions of this pandemic have caused numerous knock-on effects on several worldwide markets which include the Automotive BIW Market as well as many regional economies due to temporary closedown of manufacturing facilities. End-users of these products are also suffering from decreased demand for their goods because businesses are refraining from their long-term strategies in favor of short-term survival.
Key Players profiled in Automotive BIW Market report:
• ThyssenKrupp System Engineering
• Gestamp
• Norsk Hydro
• Magna International Inc.
• AISIN SEIKI Co., Ltd.
• Kuka
• ABB Corporation
• TATA Steel
• ArcelorMittal
The study provides a detailed analysis of major players in the Automotive BIW market which includes manufacturers, suppliers, and organizations, among others. The competitor analysis includes revenue regeneration, business segment analysis, and geographic presence across each country, key strategies and developments, product portfolio, and SWOT Analysis.
Global Automotive BIW Market Segmentation:
• Based on Vehicle Type
o Passenger Vehicle
o Commercial Vehicle
• Based on Vehicle Propulsion Type
o IC Engine
o Electric
o Hybrid
• Based on Material Type
o Aluminum
o Steel
o Plastic
o Fiber-reinforced Polymer Composites
• Based on Material Joining Technique
o Welding
o Riveting
o Clinching
o Laser Brazing
o Bonding
o Other
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Global Automotive BIW Market Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific
• Rest of the World
o South America
o Middle East & Africa
Asia-Pacific holds a larger share in the market owing to the increasing demand for autonomous vehicles.
IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario.
Crucial pointer covered in the report:
Automotive BIW Market Understanding: This section of our report outlines pertinent topics about the market that we have researched and the direction we see the industry heading. These include, but aren't limited to segments discussed, company descriptions, and key statistics regarding customer growth. This section provides a detailed analysis of the present and future growth factors of bifurcating the market into Vehicle Type, Vehicle Propulsion Type, Material Type, Material Joining Technique, and regions.
Automotive BIW Market Dynamics: This section provides a detailed analysis of the growth factors, restraining factors, and business opportunities. Additionally, the report provides a detailed COVID impact analysis affecting the market growth, along with a pinpoint focus on industry policies, regulatory framework, current issues impacting the market growth at the national/international level.
Automotive BIW Market Regional Outlook: The country section is a breakdown by country of how the production and consumption rates correspond to each other.
Automotive BIW Market Competitor Landscape: This section provides a comprehensive analysis of the market share and a deep-dive analysis of the top 10 players covered in the market report.
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About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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