Press release
Sales of Automotive Side Impact Beams Market to Increase from Top End-use Industries During the Forecast Period 2018 - 2028
Automotive side impact beams are equipped in vehicles as a safety feature designed to protect passengers and drivers in the event of a side impact crash. When a collision takes place, automotive side impact beams absorb the energy generated during the collision. The passengers and drivers involved in side-impact collisions generally get severely injured as compared to other collisions. The major reason behind severe injuries such as hip and leg injuries, ear injuries, back injuries, head injuries, neck injuries, rib injuries, shoulder and arm injuries is the availability of low survival space. This survival space varies from 5 cm to 25 cm, which depicts the safety of the car. The Mercedes-Benz E-Class sedan is considered as the safest car in the mid-stream segment with a side impact collision survival space of 24 cm. Every cm of serial space between the passenger and a life-ending amount of energy is a life-preserving cm of survival space.
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Automotive Side Impact Beams Market: Dynamics
The increasing number of deaths in road accidents has created a need for research and development in the automobile sector, leading to the growth of the automotive side impact beams market. Automotive side impact beams are vehicle structural advancements to prevent and minimize collision injury. Also, the significant increase in the sales of high-end vehicles, coupled with rash and unsafe driving, is resulting in an increase in the rate of accidents.
A number of vehicles are currently being integrated with advanced safety features to prevent occupants from injury. Authorities have made it mandatory for all vehicles in the U.S. to be equipped with automotive side impact beams. Similar government regulations in developing countries for automotive side impact beams are anticipated to boost the market in the coming years.
Also, the increasing focus of companies to decrease the weight of vehicles without compromising with the efficiency and safety feature of the automobile is expected to boost the aluminium automotive side impact beam market over the forecast period. Automotive side impact beams are commonplace in many high luxury and premium vehicles across the globe.
Automotive Side Impact Beams Market: Segmentation
Based on material type
Steel automotive side impact beams
Aluminium automotive side impact beams
Titanium automotive side impact beams
Plastic automotive side impact beams
Based on application
Front door automotive side impact beams
Rear door automotive side impact beams
Based on the vehicle type
Passenger cars
Compact
Mid-Size
Luxury
Premium
SUV
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
Electric Vehicles
Automotive Side Impact Beams Market: Regional Outlook
Europe, followed by North America, is expected to hold a major share in the global automotive side impact beams market, owing to the presence of prominent original equipment manufacturers of automobiles in the region. Asia Pacific is expected to register high growth during the forecast period. Europe and North America are expected to hold more than half of the market share of the global automotive side impact beams market.
Asia Pacific is projected to show high growth in the automotive side impact beams market, owing to the substantial growth in the automotive market in the region. Also, government initiatives to increase foreign direct investments in countries such as India and China to increase manufacturing will also play an important role towards the growth of the global automotive side impact beams market during the forecast period. The rest of the world is estimated to account for a relatively small share of the automotive side impact beams market.
Automotive Side Impact Beams Market: Key Players
Examples of some of the market participants operating across the value chain of the global automotive side impact beams market are:
Aisin Seiki Co., Ltd., (Aisin Takaoka Co. Ltd.)
Arvin Sango, Inc.
KVA Stainless
DuPont
GNS Automotive
IFB Automotive Pvt Ltd
Benteler Automotive Corporation
H-One Co. ltd
Kirchhoff Automotive GmbH
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