According to New Study on body in white market growing at at 2.0% CAGR and estimated to grow from USD 77.0 billion in 2019 to reach USD 90.5 billion by 2027. [150 Pages Report with 12 Companies]. Increasing production of passenger cars, electric vehicles, light commercial vehicles and medium & heavy commercial vehicles globally and reduction in weight of vehicle to meet fuel economy and emission standards are expected to boost market.
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Global body in white market across segmented and estimated market size and future growth potential of body in white market across different segments like vehicle type, construction, manufacturing method, material type, and region.
Increasing global vehicle production of passenger cars, electric vehicles, light commercial vehicles and medium & heavy commercial vehicles along with a reduction in vehicle weight to meet fuel economy and emission standards are expected to boost the market. However, the high cost of manufacturing methods is considered as a restraining factor for the growth in the market.
“Increase in stringent emission standards by reduction of vehicle weight to achieve higher fuel efficiency in various countries is significant factors for growth of body in white market globally.”
Asia Pacific region was the largest market for body in white market in the world in 2018. This market has witnessed rapid year-on-year growth, even with a slowdown in the production of passenger cars; however, the other vehicle segments have been steadily growing, and there is no adverse impact on the market revenue with the increase in the adoption of lightweight solutions.
Key Player body in white market are Gestamp Automoción (Spain), Voestalpine Group (Austria), Magna (Canada), Benteler International (Austria), CIE Automotive (Spain), Tower International (US), Martinrea International (Canada), Aisin Seiki (Japan), KIRCHHOFF Automotive (Germany), Dura Automotive (US), Thyssenkrupp (Germany), and JBM Auto (India). Get Discount at http://www.rnrmarketresearch.com/contacts/discount?rname=2520328 .
- In July 2019, Tower International Inc. was acquired by Autokiniton Global Group at a value of USD 900 million. Autokiniton agreed to buy all outstanding shares of Tower for USD 31 per share in cash.
- In June 2019, Gestamp inaugurated a new plant specializing in aluminum in Nitra (Slovakia). The company invested nearly EUR 130 million for the new facility that intends to serve Jaguar Land Rover who recently commenced operations in Slovakia.
- In June 2019, Benteler opened a new plant in Mos, Spain. Plant is part of company’s Automotive Division and will produce rear-axle components for a new platform for its customer PSA, a global automotive manufacturer.
- In June 2019, CIE Automotive acquired 100% of the share capital of the companies Maquinados de Precisión de México S. de R.L de C.V. and Cortes de Precisión de Mexico S. de R.L de C.V.
- Facilities are located in Celaya, in the Mexican state of Guanajuato – largest automobile corridor in Mexico – and were key suppliers of machining components to Tier I automotive companies.
More Details on “Global Body in White Market by Vehicle Type, Construction (Monocoque, Frame Mounted), Manufacturing Method (Cold Stamping, Hot Stamping, Roll Forming), Material (Steel, Aluminum, Magnesium, CFRP), and Region – Global Forecast to 2027” Report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=2520328 .
These companies have strong distribution networks at a global and regional level. In addition, these companies offer an extensive product range in this market. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position
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Report will help Body in White market leaders/new entrants in this market with information on the closest approximations of revenue numbers for overall body in white market and the sub segments. This report will help stakeholders understand competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
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