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28 Oct 2021, 09:32 GMT+10
According to the current analysis of Reports and Data, The global body in white (BIW) market was valued at USD 74.5 billion in 2018 and is expected to reach USD 88.9 billion by year 2028, at a CAGR of 2.2% CAGR during the forecast period (from 2018 - 2028). The major drivers of the growths are - robust growth in commercial car production globally, increasing usage of high cost material, reduction in the vehicle weight to reduce the fuel economy and meet the emission standards; however, the market is expected to face headwind due to the high cost of manufacturing methods is considered as a restraining factor for the growth in the market.
Body in white (BIW) refers to the stage in automotive manufacturing in which the body component of sheet metal of an vehicle have been welded/ joined together. In other words, body in white (BIW) is the frame structure of the vehicle before painting and assembly of chassis, engine, seat, glass, hood, doors, and other such sub-assemblies.
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The conventional metallic materials of body in white (BIW) structural components are getting replaced by lightweight materials such as light weight steels, fiber reinforced plastics, and aluminium and magnesium alloys for all types of automobile vehicles, ranging from passenger cars to commercial trucks and from gasoline powered vehicles to electric vehicles. The primary driving force behind this improvement is the rising demand for fuel efficient vehicles along with the stringent emission and safety regulations.
In 2018, Asia Pacific region was the largest market share in the global body in white (BIW) market. This region has witnessed rapid year-on-year growth, even with a slowdown in the production of passenger cars. With ~25 million cars produced every year, China has been the major contributor to the body in white (BIW) market in the APAC region. It is the major revenue generator for the body in white (BIW) market. However, Japan is expected to be the fastest-growing market during the forecast period with the adoption of stringent emission regulations and adoption of light weight electric vehicles, which makes the region the largest revenue market for BIW globally.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/body-in-white-biw-market
Further key findings from the report suggest-
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For the purpose of this study, Reports and Data have segmented the industry by Material, by Manufacturing process, by structure, by Propulsion type, by Vehicle type and by Region:
Body in White by Material (Revenue, USD Million; 2016-2026)
Body in White by Manufacturing Process (Revenue, USD Million; 2016-2026)
Body in White by Structure (Revenue, USD Million; 2016-2026)
Body in White by Propulsion Type (Revenue, USD Million; 2016-2026)
Body in White by Vehicle Type (Revenue, USD Million; 2016-2026)
Body in White by Region (Revenue, USD Million; 2016-2026)
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Table of Content:
Chapter 1. Body in White (BIW) Segmentation & Impact Analysis1.1. Body in White (BIW) Segmentation Analysis1.2. Body in White (BIW) Market Value Chain Analysis, 2016-20261.3. Regulatory Framework1.4. Body in White (BIW) Market Impact Analysis1.4.1. Market Driver Analysis1.4.1.1. Increasing Stringency Of Safety Regulations1.4.1.2. Sales Of Luxury Vehicles Are Rising1.4.1.3. Rise In Competition Among Automakers To Offer Product Differentiating Factors1.4.2. Market Restraint Analysis1.4.2.1. High Costs Associated With Manufacturing Process1.5. Key Opportunities Prioritized1.6. Body in White (BIW) Pricing Analysis1.7. Industry Analysis - Porter's1.8. Body in White (BIW) PESTEL AnalysisChapter 2. Body in White (BIW) Market By Material Insights & Trends2.1. Body in White (BIW) Material Type Dynamics & Market Share, 2018 & 20262.2. Aluminium2.2.1. Market Estimates And Forecast, 2016 - 2026 (USD Million)2.2.2. Market Estimates And Forecast, By Region, 2016 - 2026 (USD Million)2.3. Steel2.3.1. Market Estimates And Forecast, 2016 - 2026 (USD Million)2.3.2. Market Estimates And Forecast, By Region, 2016 - 2026 (USD Million)2.3.3. Advanced High Strength Steel2.3.3.1. Market Estimates And Forecast, 2016 - 2026 (USD Million)2.3.3.2. Market Estimates And Forecast, By Region, 2016 - 2026 (USD Million)2.3.4. Ultra High Strength Steel2.3.4.1. Market Estimates And Forecast, 2016 - 2026 (USD Million)2.3.4.2. Market Estimates And Forecast, By Region, 2016 - 2026 (USD Million)2.3.5. Other2.3.5.1. Market Estimates And Forecast, 2016 - 2026 (USD Million)2.3.5.2. Market Estimates And Forecast, By Region, 2016 - 2026 (USD Million)2.4. Composites2.4.1. Market Estimates And Forecast, 2016 - 2026 (USD Million)2.4.2. Market Estimates And Forecast, By Region, 2016 - 2026 (USD Million)2.5. CFRP2.5.1. Market Estimates And Forecast, 2016 - 2026 (USD Million)2.5.2. Market Estimates And Forecast, By Region, 2016 - 2026 (USD Million)2.6. Magnesium2.6.1. Market Estimates And Forecast, 2016 - 2026 (USD Million)2.6.2. Market Estimates And Forecast, By Region, 2016 - 2026 (USD Million)2.7. Other2.7.1. Market Estimates And Forecast, 2016 - 2026 (USD Million)2.7.2. Market Estimates And Forecast, By Region, 2016 - 2026 (USD Million)...
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