Press release
Global Car Body-In-White Market Worth $87.35 Billion by 2029, Growing at 2.5% CAGR
Car Body-In-White Market Size
Car Body-In-White Market Outlook: What Size And CAGR Are Anticipated By 2025?
The value of the car body-in-white sector has seen consistent growth over recent years. The market is predicted to increase from $77.42 billion in 2024 to $79.24 billion in 2025, with a compound annual growth rate (CAGR) of 2.4%. The expansion during the historical period is a result of advancements in the automotive industry, stricter safety and emission norms, a shift towards lightweight designs for fuel efficiency, consumer insistence for cutting-edge safety attributes, and the worldwide proliferation of automotive production.
What Is the Expected CAGR for the Car Body-In-White Market Growth Through 2029?
In the coming years, the car body-in-white market is projected to experience consistent growth, reaching a value of $87.35 billion in 2029 with a compound annual growth rate (CAGR) of 2.5%. Factors such as the evolution of electric vehicles (ev), the progress in autonomous vehicle technology, implementation of sustainable manufacturing methods, global regulatory emphasis on vehicle safety, and the trend of customization and personalization contribute to this expected growth. Significant trends for the forecast period encompass the heightened use of advanced high-strength materials, the increasing amalgamation of mixed material solutions, a focus on multi-material joining technologies, progress in lightweighting strategies, and the incorporation of smart manufacturing technologies.
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What Are the Primary Drivers Behind Car Body-In-White Market Growth?
The car body-in-white market is projected to experience significant growth driven by an upsurge in vehicle manufacturing. Vehicle production, defined as producing identical models of automobiles available and legal for public use on roads, heavily relies on the car body in white. This complex and vital component of vehicle manufacturing significantly contributes to the vehicle's safety, durability, and overall performance. Illustratively, in March 2024, the Society of Motor Manufacturers and Traders (SMMT), a UK-based organization, shared that UK's vehicle production in February increased by 21.8% from the previous year, reaching 92,834 units. The production of passenger cars and commercial vehicles also witnessed a surge, growing by 14.6% to 79,907 units and by a staggering 98.4% to 12,927 units respectively. Hence, the heightened vehicle production is fuelling the expansion of the car body-in-white market.
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What Are the Key Segments Driving Car Body-In-White Market Growth?
The car body-in-white market covered in this report is segmented -
1) By Category: Body Structure, Body Components, Chassis
2) By Car Type: Compact, Mid-size, Luxury, Sport Utility Vehicle (SUV)
3) By Construction: Monocoque, Frame Mounted Oil
4) By Material: Steel, Aluminum, Magnesium, Carbon-Fiber-Reinforced Polymers (CFRP)
Subsegments:
1) By Body Structure: Roof Structure, Side Frame, Front And Rear Structure, Floor Structure
2) By Body Components: Doors, Fenders, Bumpers, Hood, Trunk Lid
3) By Chassis: Frame, Subframe, Cross Members, Suspension System
What Are the Technological Trends Impacting the Car Body-In-White Market?
Leading enterprises in the car body-in-white market are prioritizing the development of inventive solutions to stay ahead in the competition. One such pioneering solution is innovative body welding, a modern welding method for the automotive industry leveraging state-of-the-art technologies and techniques to enhance the effectiveness, precision, and adaptability of the welding procedure. For example, Comau, an advanced industrial automation products and systems corporation from Italy, in April 2023, provided Hycan electric vehicles with its groundbreaking Body Welding solution. This system enables efficient and accurate welding of the Body in White (BIW) for electric vehicles, which constitutes the initial skeletal structure and body of the vehicle, usually painted white to resist rust. The BIW acts as the foundation for the vehicle assembly process and is frequently used by racers for building customized vehicles for racing. This solution forms an integral part of Comau's sophisticated process applications for battery cells, e-drives, and drivetrains.
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Who Are the Major Competitors in the Global Car Body-In-White Market?
Major companies operating in the car body-in-white market report are Volkswagen Group, Toyota Motor Corporation, Stellantis NV, Ford Motor Company, General Motors Company, Bayerische Motoren Werke (BMW) AG, Honda Motor Co. Ltd., Hyundai Motor Company, ArcelorMittal S.A, Nissan Motor Co. Ltd., Volvo Group, Thyssenkrupp AG, Magna International Inc., Aisin Seiki Co. Limited, Tata Steel Limited, ABB Corporation, Mahindra & Mahindra Limited, Henkel Adhesive Technologies, Sika Automotive AG, Gestamp Automocion SA, Benteler International AG, CIE Automotive, Martinrea International, Kirchhoff Automotive GmbH, Multimatic Inc., GEDIA Automotive Group, EDAG Engineering GmbH, Autokiniton Global Group LP, JBM Auto Limited, TECOSIM Group
Which Region Dominates the Car Body-In-White Market Share in 2025?
Europewas the largest region in the car body-in-white market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the car body-in-white market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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