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 Market Analysis
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.
Automotive Body-In-White Market Overview
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.
Increasing automotive production across the globe drives market growth.
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
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Automotive Body-In-White Market: Strategic Insights
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Automotive Body-In-White Market Drivers and Opportunities
Increasing Automotive Production and Sales is Expected to be the Prime Driver for The Automotive Body-In-White Market
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.
Increasing Advancement in Artificial Intelligence, Robotics, and Growing Digitalization is Expected to Create Ample Opportunity for Market Growth
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.
Automotive Body-In-White Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Automotive Body-In-White Market analysis are type, platform, application, and end-user.
- Based on material type, the global automotive body-in-white market is divided into aluminum, steel, magnesium, and CFRP.
- Based on vehicle type, the global market is divided into passenger cars and commercial vehicles. Among these, passenger cars have the largest share in 2023, owing to rising demand for net zero emission-based electric cars. In the Net Zero emission, the electric car sales are expected to reach around 65% of the total passenger car sales by 2030. The electric car sales increased by 55% in 2022 compared to 2021.
- Based on body structure, the global automotive body-in-white market is divided into frame-mounted structures and monocoque structures.
Automotive Body-In-White Market Share Analysis by Geography
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
Automotive Body-In-White Market Regional Insights
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.
- Get the Regional Specific Data for Automotive Body-In-White Market
Automotive Body-In-White Market Report Scope
| 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 |
Automotive Body-In-White Market Players Density: Understanding Its Impact on Business Dynamics
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:
- ABB Ltd.
- Benteler International AG
- CIE Automotive
- Dura Automotive Systems
- Gestamp Automocion S.A.
- Kuka AG
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Automotive Body-In-White Market top key players overview
Automotive Body-In-White Market News and Recent Developments
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:
- In January 2024, Lucid planned to expand its manufacturing facility in the US with Lucid AMP-1 as the Advanced Manufacturing Plant spread across 3 million square feet of area. The company has a total manufacturing plant area of 3.85 million square feet. This expansion increased the automotive production of its new electric SUV, named Lucid Gravity. Lucid further improved its quality process, offered manufacturing flexibility, and improved production efficiency with this plant expansion. (Source: Flyability, Press Release/Company Website/Newsletter)
Automotive Body-In-White Market Report Coverage and Deliverables
The “Automotive Body-In-White Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material Type , Component Position , Component Types , and Body Structure
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
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