Automotive Body-in-White (BIW) Market Trend Analysis Report By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Electric Vehicles), By Construction Type (Monocoque, Frame Mounted), By Manufacturing Method (Cold Stamping, Hot Stamping, Roll Forming, Other Methods), By Material Type (Steel, Aluminum, Magnesium, CFRP),& Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2030
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Automotive Body-in-White (BIW) Market overview
Automotive Body-in-White (BIW) Market is expected to grow rapidly at a 3.3% CAGR consequently, it will grow from its existing size of from $ 62.56 Billion in 2023 to $ 79.3 Billion by 2030.
For Insights Consultancy presents an extensive market analysis report titled “Automotive Body-in-White (BIW) Market Report 2024″providing businesses with an edge in competition by providing a thorough analysis of market structures with estimates for various segmentations and segments.
The report also focuses new trends, major drivers, challenges, as well as opportunities. The report provides all necessary information needed to thrive in the Automotive Body-in-White (BIW) industry. This report is about Automotive Body-in-White (BIW) market research provides a complete analysis, which includes a comprehensive analysis of the current and future trends in the market.
The Automotive Body-in-White (BIW) market envelops the assembling of the vehicle body’s primary system prior to adding parts like entryways, windows, and insides. This market has seen huge development driven by expanded vehicle creation, progressions in assembling advancements, and the rising interest for lightweight and eco-friendly vehicles. Key materials utilized in BIW incorporate steel, aluminum, and composites, with a developing pattern towards the last two because of their weight decrease properties.
Automakers are progressively zeroing in on creative BIW plans to upgrade vehicle wellbeing, execution, and eco-friendliness. The shift towards electric vehicles (EVs) is additionally impacting BIW market elements, as EV makers look to streamline vehicle reach and productivity through lightweight designs.
Asia-Pacific, especially China and India, is a prevailing player in the BIW market because of high vehicle creation rates and growing car ventures. North America and Europe are additionally huge business sectors, driven by tough efficiency norms and mechanical headways.
Central participants in the BIW market incorporate Gestamp, Magna Global, Benteler, and Aisin Seiki, among others. They put vigorously in innovative work to remain serious and fulfill advancing industry needs. The market is ready for proceeded with development, impelled by advancements and the worldwide push towards supportable and effective auto arrangements.
Automotive Body-in-White (BIW) Market Trends 2024
Expanded Utilization of Lightweight Materials:
The push for eco-friendliness and decreased outflows keeps on driving the reception of lightweight materials like aluminum, carbon fiber, and high-strength steel. These materials help in diminishing the general load of vehicles, hence upgrading execution and effectiveness.
Progressions in Assembling Advances:
Innovations, for example, laser welding, hot stepping, and 3D printing are turning out to be more predominant, working on the accuracy and productivity of BIW fabricating processes. Robotization and mechanical technology are additionally being progressively incorporated to improve creation abilities and decrease costs.
Development of Electric Vehicles (EVs):
The ascent of electric vehicles is fundamentally influencing the BIW market. EV makers are zeroing in on lightweight BIW plans to expand battery effectiveness and reach. This pattern is pushing the improvement of new BIW structures and materials custom-made explicitly for EVs.
Center around Maintainability:
Natural worries are driving the auto business towards additional supportable practices. The BIW market is seeing a developing accentuation on recyclable and eco-accommodating materials, as well as energy-effective assembling processes.
Improved Security Norms:
Stricter wellbeing guidelines are affecting BIW plans to consolidate progressed crash the executives frameworks and work on underlying uprightness. This incorporates the utilization of new materials and designing answers for improve traveler security.
Provincial Market Movements:
While Asia-Pacific remaining parts a predominant player because of high vehicle creation volumes, there is a perceptible shift towards creating markets in Southeast Asia and Latin America. These districts are turning out to be progressively significant because of rising car interest and industrialization.
Coordinated efforts and Organizations:
Car makers and BIW providers are going into vital joint efforts to use each other’s mechanical progressions and market presence. These organizations expect to speed up development and put up new BIW answers for sale to the public all the more rapidly.
Customization and Adaptability:
There is a developing interest for adaptable BIW plans that can be effortlessly modified for various vehicle models and variations. This pattern is driven by the need to take care of assorted purchaser inclinations and local market necessities.
Automotive Body-in-White (BIW) Market Dynamics 2024
Growth Drivers
Rising Vehicle Creation:
The worldwide expansion in vehicle creation, especially in developing business sectors, is a significant driver for the BIW market. More popularity for both traveler and business vehicles helps the requirement for BIW parts.
Interest for Lightweight Vehicles:
Expanding eco-friendliness guidelines and discharges guidelines are driving the interest for lightweight vehicles. This empowers the utilization of materials, for example, aluminum and composites in BIW designs to decrease by and large vehicle weight.
Mechanical Headways:
Developments in assembling advancements, including laser welding, hot stepping, and 3D printing, upgrade the productivity and accuracy of BIW creation. Mechanization and advanced mechanics further smooth out the assembling system, lessening costs and working on quality.
Development of Electric Vehicles (EVs):
The shift towards electric portability is a critical development driver. EV producers require lightweight and primarily vigorous BIW plans to boost battery proficiency and vehicle range.
Rigid Security Guidelines:
Expanding wellbeing norms overall require progressed BIW plans that can all the more likely retain influence and safeguard travelers. This drives the improvement of new materials and designing arrangements inside the BIW market.
Supportability Drives:
Ecological worries and guidelines push the car business towards additional economical practices. The BIW market benefits from the interest for recyclable and eco-accommodating materials and energy-proficient assembling processes.
Restraints:
Significant expenses of Cutting edge Materials:
The utilization of lightweight materials, for example, aluminum and carbon fiber can be essentially more costly than customary steel. This cost component can be a hindrance, particularly for spending plan and mid-range vehicle fragments.
Complex Assembling Cycles:
High level assembling advancements, while useful, frequently require significant interests in apparatus, preparing, and foundation. This intricacy can be a limitation for more modest makers or those with restricted capital.
Store network Interruptions:
The worldwide car industry is exceptionally reliant upon complex inventory chains. Disturbances, like those brought about by international issues, pandemics, or catastrophic events, can unfavorably influence the BIW market by postponing creation and inflating costs.
Administrative and Consistence Difficulties:
Exploring the changed and severe administrative scenes across various areas can be trying for producers. Consistence with security, ecological, and material guidelines can add to functional expenses and intricacy.
Market Immersion in Created Locales:
In mature business sectors like North America and Europe, vehicle deals development is somewhat sluggish. This immersion can restrict the extension potential open doors for the BIW market in these areas, making it more dependent on developing business sectors.
Specialized Impediments:
While lightweight materials offer many advantages, they likewise accompany specialized difficulties like joining troubles, issues with warm development, and expected splits the difference in strength. These specialized constraints should be addressed to exploit the advantages of cutting edge materials completely.
Automotive Body-in-White (BIW) Market Segment Analysis
The Auto Body-in-White (BIW) market is divided in light of material sort, fabricating procedure, vehicle type, and locale.
Material Type
Steel: Prevalently utilized because of its solidarity, cost-viability, and simplicity of assembling. High-strength steel variations are acquiring prevalence for their improved security and weight decrease abilities.
Aluminum: Inclined toward for its lightweight properties, aluminum is progressively utilized in premium and electric vehicles to further develop eco-friendliness and execution.
Composites and Others: Materials like carbon fiber composites, magnesium, and other compounds are utilized in specific applications, offering predominant weight decrease and strength yet at a greater expense.
Manufacturing Technique
Stepping: Generally involved because of its proficiency in large scale manufacturing and cost-adequacy.
Hot Stepping: Utilized for high-strength steel parts to improve security and lessen weight.
Laser Welding and Cement Holding: Building up momentum for their accuracy and capacity to join different materials.
Vehicle Type
Traveler Vehicles: The biggest section, driven by high creation volumes and expanding shopper interest for eco-friendly and safe vehicles.
Business Vehicles: Development in this section is driven by the growing coordinated operations and transportation industry.
Electric Vehicles (EVs): Quickly developing portion because of the worldwide shift towards economical versatility, requiring imaginative BIW plans for ideal execution.
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Medium & Heavy Commercial Vehicles
- Electric Vehicles
By Construction Type
- Monocoque
- Frame Mounted
By Manufacturing Method
- Cold Stamping
- Hot Stamping
- Roll Forming
- Other Methods
By Material Type
- Steel
- Aluminum
- Magnesium
- CFRP
Competitive Landscape of the Automotive Body-in-White (BIW) Market
The Auto Body-in-White (BIW) market is described by extraordinary contest among central participants who center around development, mechanical progressions, and key organizations to keep up with their market positions.
Key Players
Gestamp Automoción
A main worldwide provider, Gestamp has practical experience in creating and fabricating elite execution parts for the car business. They center around lightweight arrangements and high level assembling advances.
Magna Worldwide
Magna is quite possibly of the biggest auto provider on the planet, offering an extensive variety of BIW parts. They put vigorously in Research and development to advance lightweight and high-strength structures.
Benteler Worldwide
Benteler gives customized arrangements in BIW, with a solid accentuation on wellbeing, weight decrease, and effectiveness. They influence progressed producing methods and materials.
Aisin Seiki
Aisin is a conspicuous player in the auto parts industry, offering BIW parts that underline quality and development. They center around extending their worldwide impression through essential coordinated efforts.
Thyssenkrupp AG
Known for their designing mastery, Thyssenkrupp gives imaginative BIW arrangements that improve vehicle execution and security. They are pioneers in the utilization of cutting edge materials.
- Magna International Inc.
- Norsk Hydro ASA
- Gestamp Automocion SA
- Aisin seiki co ltd
- Thyssenkrupp AG
Strategic Initiatives
Advancement and Research and development: Organizations are putting essentially in innovative work to make lighter, more grounded, and more productive BIW structures. This incorporates investigating new materials and assembling processes.
Joint efforts and Associations: To remain serious, central participants structure vital collusions with auto producers and different providers. These coordinated efforts work with the trading of innovation and aptitude, prompting creative arrangements.
Geographic Extension: Organizations are extending their presence in developing business sectors, for example, Southeast Asia and Latin America to take advantage of the developing car interest in these districts.
Manageability Concentration: With expanding accentuation on supportability, organizations are creating eco-accommodating assembling cycles and utilizing recyclable materials to line up with worldwide natural guidelines.
Challenges
Cost Tensions: The significant expense of cutting edge materials like carbon fiber and the requirement for refined assembling advancements present difficulties for cost administration.
Inventory network Interruptions: The worldwide production network is powerless against disturbances, which can influence the opportune accessibility of materials and parts.
The cutthroat scene of the BIW market is dynamic, with organizations constantly endeavoring to advance and work on their contributions to fulfill the developing needs of the auto business.
New Developments
- July 2023: Hyundai Motor Company unveiled the IONIQ 5 N – N brand’s first high-performance, all-electric vehicle, the IONIQ 5 N. The IONIQ 5 N combines the electrified-global modular platform (E-GMP) of the basic model with N’s motorsport-bred innovations. The corner rascal capabilities of the IONIQ 5 N begin with improvements to the body-in-white (BIW) construction, including 42 more welding sites and 2.1 meters of additional adhesives.
- June 2023: Kirchhoff Automotive GmbH claimed that it received a large number of fresh orders for Mexican manufacture. It plans to extend its presence in Querétaro. The Querétaro II facility will begin operations in 2025. It will include an e-coating line capable of thick-film coating as well as preparations for a moderate pickling procedure. The estimated plant area is 15,000 square meters. It is installing resistance spot welding and arc welding equipment at the Puebla facility. It will manufacture body-in-white components as well as cross-car beams for new client applications.
- March 2023: Steyr Automotive announced the successful conclusion of the Volkswagen Group’s 4-day process audit. It has now achieved Tier 1 status. Auditors from MAN Truck & Bus and Volkswagen specifically assessed the body-in-white and plastic components painting in accordance with VW requirements. Steyr Automotive is now mentioned as a prospective VW Group supplier.
- Magna Cosma Casting announced in April 2021 that it intended to spend USD 31.9 Million to build around 50,000 square feet of its Battle Creek factory to create more production capacity for producing lightweight automobiles.
- Thyssenkrupp introduced the Automotive Body Solutions business unit in March 2021. This division focuses on body assembly solutions and the creation of lightweight body components for clients in the car industry.
Automotive Body-in-White (BIW) Market Regional Outlook
Asia-Pacific
Strength Underway: Asia-Pacific leads the BIW market, driven by high vehicle creation in China, Japan, India, and South Korea. The area’s solid assembling base, joined with rising interest for traveler and business vehicles, upholds market development.
Mechanical Headways: Nations like Japan and South Korea are at the front line of taking on cutting edge producing advancements, adding to imaginative BIW arrangements.
Developing Business sectors: Southeast Asian countries are becoming critical players because of industrialization and expanding auto interest.
North America
Development Center: The district is known for its attention on cutting edge producing strategies and materials. The U.S. furthermore, Canada put vigorously in Research and development to foster lightweight and effective BIW structures.
EV Development: The flood in electric vehicle creation, especially in the U.S., is supporting the interest for imaginative BIW plans custom-made for EVs.
Administrative Climate: Tough security and eco-friendliness norms drive the reception of cutting edge BIW advances.
Europe
Manageability Concentration: Europe is a forerunner in carrying out eco-accommodating practices and involving recyclable materials in BIW producing. The locale’s solid accentuation on supportability lines up with its tough ecological guidelines.
Mechanical Authority: Germany, France, and Italy are key business sectors, known for their designing skill and reception of state of the art fabricating processes.
Electric Versatility: The shift towards electric portability is unmistakable, with expanding interests in EV creation affecting the BIW market decidedly.
Rest of the World
Arising Valuable open doors: Latin America and the Center East are seeing development in the BIW market because of rising auto interest and monetary turn of events.
Modern Development: These districts are progressively zeroing in on growing their assembling capacities to take care of nearby and trade markets.
Generally, the BIW market is ready for development across all districts, driven by headways in innovation, the shift towards lightweight materials, and the worldwide push for maintainability and electric versatility.
Frequently Asked Questions
What is the market size for the Automotive Body-in-White (BIW) market?
Automotive Body-in-White (BIW) Market is expected to grow rapidly at a 3.3% CAGR consequently, it will grow from its existing size of from $ 62.56 Billion in 2023 to $ 79.3 Billion by 2030.
Which segments are covered in the report of Automotive Body-in-White Market?
The Automotive Body-in-White Market is Segmented On The Basis Of Type, Application, And Geography.
Who are the major key players in the Automotive Body-in-White (BIW) market?
The leading Players in the market are ThyssenKrupp, Hyundai, Magna International, Gestamp Automicion, Eagle Press & Equipment, Benteler International, Martinrea International, Aida Engineering
Which regions are covered in the report that having a potential scope for the Automotive Body-in-White Market?
On the basis of Geography, The Automotive Body-in-White Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
Report Features
This report gives the most complete information. The report on Automotive Body-in-White (BIW) Market format has been designed so that it can provide the best value to the business. It offers crucial insights into the market’s dynamic and will aid in strategic decision-making for current players as well as those looking to join the market.
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Table of Contents
- Global Automotive BIW Market Size (USD Billion) by Material Type (2018-2030)
- Global Automotive BIW Market Size (USD Billion) by Manufacturing Technique (2018-2030)
- Global Automotive BIW Market Size (USD Billion) by Vehicle Type (2018-2030)
- Global Automotive BIW Market Size (USD Billion) by Region (2018-2030)
- Key Players in the Global Automotive BIW Market and Their Market Share (2024)
- Global Automotive BIW Market Size (USD Billion) by Steel Type (2018-2030)
- Global Automotive BIW Market Size (USD Billion) by Aluminum Type (2018-2030)
- Global Automotive BIW Market Size (USD Billion) by Composite Materials (2018-2030)
- Automotive BIW Market Size (USD Billion) in Asia-Pacific by Country (2018-2030)
- Automotive BIW Market Size (USD Billion) in North America by Country (2018-2030)
- Automotive BIW Market Size (USD Billion) in Europe by Country (2018-2030)
- Automotive BIW Market Size (USD Billion) in Rest of the World by Country (2018-2030)
- Global Automotive BIW Market Growth Drivers and Restraints
- Technological Advancements in Automotive BIW Manufacturing Techniques
- Competitive Landscape of the Global Automotive BIW Market (Key Strategies, Collaborations, and Partnerships)
- Impact of Electric Vehicle (EV) Adoption on the Automotive BIW Market
- Sustainability Trends in the Automotive BIW Market
- Analysis of BIW Market Supply Chain and Key Challenges
- Future Trends and Opportunities in the Automotive BIW Market
- Regional Analysis: Automotive BIW Market Growth Potential by Region (2018-2030)
These tables provide a comprehensive overview of the key aspects and metrics within the Automotive Body-in-White (BIW) market.
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