Automotive Body-In-White Market Research Report 2021-2031
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.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Body-In-White Market: Strategic Insights
Market Size Value in US$ 88.7 Billion in 2016 Market Size Value by US$ 125.6 Billion by 2025 Growth rate CAGR of 4.1% from 2017-2025 Forecast Period 2017-2025 Base Year 2017
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Body-In-White Market: Strategic Insights
| Market Size Value in | US$ 88.7 Billion in 2016 |
| Market Size Value by | US$ 125.6 Billion by 2025 |
| Growth rate | CAGR of 4.1% from 2017-2025 |
| Forecast Period | 2017-2025 |
| Base Year | 2017 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
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 Report Scope
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
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For