The automotive body-in-white market size is projected to reach US$ 125.60 billion by 2031 from US$ 98.20 billion in 2023. The market is expected to register a CAGR of 3.1% in 2023–2031. Increasing electric vehicle sales across the globe are driving the automotive body-in-white market growth. Automotive body-in-white is a metal body structure used in automotive production. The automotive body-in-white is the exterior components, such as the hood, doors, and trunk lid. It consists of the main frame, cross members, unibody structure, subframes, and other supporting structures that are the foundation for the vehicle.
Automotive body-in-white consists of the frame and steel structure for automotive production across the globe. Body structure consists of frame mounted structure and monocoque structure. Growing automotive production across the globe is driving the automotive body-in-white market growth. According to the India Brand Equity Foundation Organization, India’s passenger vehicle sales increased by 3.2%, reaching 242,920 units in December 2023. Vehicle sales from October to December 2023 increased by 7.4% reached to 1,247,614 units. Further, also, light vehicle sales across the globe in 2024 increased by 2.8% year-over-year compared to 2023.
In the automotive body-in-white is the vehicle’s frame assembled, not painted. It is the welded body without the chassis sub-assemblies, engine, and transmission lines. It is the exterior and interior trim components such as door locks, glass, handles, seats, upholstery, electronics, etc. Companies such as Toyota Corporation, Nissan Corporation, Tata Motors, Kia Motors, and many more are utilizing the automotive body-in-white. The major driving factor for the automotive body-in-white market growth is rising sales of electric mobility, which requires lightweight materials to enhance battery endurance. Rising development of the automotive industry around the globe and increased expansion in automotive manufacturing capabilities are the major driving factors for the automotive body-in-white market growth. Several manufacturers are developing the white material used for automotive production. Several materials such as aluminium, carbon fibre, magnesium, and others are used in the automotive body-in-white market growth. These materials have higher durability, reduce vehicle weight, and improve efficiency.
Automotive is a demanding sector with the technological development of mobility. Increasing the sale of lightweight electric vehicles across the globe is the major driving factor for the automotive body-in-white market growth. According to the International Energy Agency, electric vehicle sales exceeded more than 10.0 million in 2022. The share of electric cars in three years from 2020 to 2022 from around 4% in 2020 compared to 14% in 2022. In the first quarter of 2023, electric vehicle sales increased to 2.3 million electric cars increased by 25% compared to 2022. Currently, more than 14 million electric vehicle sales reached in 2023, representing around 35% year-on-year growth compared to 20222. Favorable government policies and incentives bolster sales for the automotive body-in-white market growth. The development in the automotive industry has introduced several materials in body-in-white, such as carbon fibre, aluminum, polymers, etc. Aluminum reduces the weight of the vehicle by 30% without hampering automotive strength.
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Automotive Body-In-White Market: Strategic Insights
Increasing automotive sales across the globe with rising adoption and sale of hybrid electric vehicles is a major driving the market growth. Electric vehicles are the key technology to decarbonize road transport, a sector that accounts for over 15% of global energy-related emissions. Recent years have seen exponential growth in the sale of electric vehicles together with improved range, wider model availability, and increased performance. Passenger electric cars are surging in popularity – we estimate that 18% of new cars sold in 2023 will be electric. China, Europe, and the United States remain the leading electric vehicle markets. Global electric car sales exceeded 10 million in 2022. Electric car sales saw another record year in 2022, achieving a 14% sales share despite supply chain disruptions, macroeconomic and geopolitical uncertainty, and high commodity and energy prices.
Body in White (BIW) is a crucial step in the early stages of the automobile manufacturing process when businesses test the feasibility of their methods and products before moving on with mass production. Everything from design to simulation to actual assembly can occur during the BIW stage as it occurs early in the production process. Because of this variety of procedures and the fact that they are being implemented before mass production, factors at this point have a big influence, both positively and negatively.
Companies are looking at Artificial Intelligence (AI), Robotics, Digital Twins, the Internet of Things (IoT), and other technologies as facilitators of a more competent and efficient BIW solution in order to secure primarily good results. Success depends on ensuring integration and interoperability between these components. Still, when used effectively, businesses experience major gains in workforce and operations efficiency, a decrease in planned and unplanned downtime, and cost savings associated with these enhancements, as well as in related areas like reduced travel expenses with XR.
Key segments that contributed to the derivation of the Automotive Body-In-White Market analysis are type, platform, application, and end-user.
The geographic scope of the automotive body-in-white market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the automotive body-in-white market in 2023. The North American region includes the US, Canada, and Mexico. The accessibility of electric charging infrastructure within developed countries such as the US and Canada drives the automotive body-in-white market growth. The US has modern technology, growing charging infrastructure, and increasing automotive sales drive the market growth in this country. North American Automotive Manufacturing Standards follow automotive plants in North America. Several leading automotive brands, such as Fiat, BMW, and Porsche, have shown significant growth in the sale of their automobiles
The regional trends and factors influencing the Automotive Body-In-White Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automotive Body-In-White Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 98.20 Billion |
| Market Size by 2031 | US$ 125.60 Billion |
| Global CAGR (2023 - 2031) | 3.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Automotive Body-In-White Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Automotive Body-In-White Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The automotive body-in-white market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Automotive Body-In-White market and strategies:
The “Automotive Body-In-White Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: