Body in White Market

Body in White Market Size (2023-2028):

The Global Body in White Market was worth US$ 79.9 billion in 2022 and is anticipated to reach a valuation of US$ 96.3 billion by 2028 and is predicted to register a CAGR of 3.42% during 2023-2028.

The white body of the vehicle is made of a material that has adequate mechanical strength to tolerate the heaviness of the edges and parts and takes a flexible and stable step for the suspension to have effective authority over the car. It also allows the passenger module to better protect occupants in the event of an impact. Over the years, manufacturers have been forced to reduce the weight of the vehicle's shell to reduce the overall load on the vehicle. Body in white refers to the vehicle manufacturing stage where the vehicle body systems of the vehicle structure are consolidated by various processes, e.g., riveting, welding, brazing, laser, maintenance, and fixation.

The expansion of production of passenger vehicles, electric cars, light commercial cars, and medium and heavy commercial cars, along with a decrease in the weight of automobiles to meet efficiency and emanation standards should help the market boom.

Market Drivers:

The development of the body in the white market is influenced by the use of strict emission guidelines in the automotive industry to reduce CO2 emissions when selecting electric cars to use light solutions and simultaneously accepting safety standards. Manufacturers are focusing on improving their facilities to accommodate advanced materials that are expensive and require separate manufacturing procedures and production systems, such as hot stamping, roll forming, and different techniques. This makes the procedure more expensive than the typical cold stamp production process. In addition, upgrading the materials to very high-quality steel or aluminum will increase the material expense, which will subsequently affect the costs of the BIW segment. These variables will ultimately guide the development of the worldwide market.

Market Restraints:
Either way, the significant cost of manufacturing strategies is considered a limiting variable for market development.

Market Recent Developments:

• Ductibor® 1000 is probably the newest member of ArcelorMittal's line of pressure hardening steels (PHS) for hot stamping. Daimler, a leading global automaker, has asked one of the leading automakers to start an approval process for the unprecedented material.

• Thyssenkrupp System Engineering received significant new demand for Daimler's vehicle body production. The construction expert will supply blank deeply robotic (BIW) body lines for the manufacture of the new Mercedes-Benz C-Class. The application includes planning, engineering, manufacturing, installation, and commissioning lines.
• Hydro CIRCAL is the range of Hydro articles made with reused waste after consumption. By using reused aluminum, they can certainly reduce energy consumption at the manufacturing stage, while still having the potential to offer great aluminum items.

BODY IN WHITE MARKET REPORT COVERAGE:

Market Segmentation:

Body in White Market - By Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Medium & Heavy Commercial Vehicles
• Electric Vehicles (BEV passenger cars)

Sales of electric passenger vehicles have grown significantly in the past two years. The development of the electric vehicle structure is fundamentally based on lightness to achieve the necessary mileage without compromising structural straightness and safety.

Body in White Market - By Construction Type:

• Monocoque
• Frame Mounted

In a monocoque, all body components are load-bearing and coordinated with each other. In this type of structure, the suspension is integrated with the blank body and does not exist independently. Here the wheels are mounted directly on the blank body using the suspension frame. This type of structure is widely used in a wide range of passenger vehicles and in some utility cars. While the body frame structure is commonly used for utility cars, transportation, and trucks. In this type of frame, the body is mounted on a chassis or rim which, not at all like a monocoque, is not integrated with the blank body, and the wheels are also mounted on the chassis instead of the body.

Body in White Market - By Manufacturing Method:

• Cold Stamping
• Hot Stamping
• Roll Forming
• Others

Hot stamping is a combination of innovation in hot and cold stamping. In the hot stamping process, the steel stamping occurs at a high temperature, in parallel with the die forming and cooling process. The hot stamping process section is based on gaining a prominent share of the body in the white market during the assessment period.

Body in White Market - By Material Type:

• Steel
• Aluminum
• Magnesium
• CFRP

The basic materials of the body in the white metal parts are replaced by light materials, for example, fiber-reinforced plastics, light steels and magnesium-aluminum combinations for all car classifications, from passenger vehicles to commercial trucks. The main driving force behind this improvement is the growing interest in mileage, along with guidelines on emissions, impact resistance, and safety laws.

Market Regional Analysis: 

The Global Body in White Market Report includes the segmentation of regions:

• North America
• Europe
• Asia-pacific
• Middle-east and Africa
• Latin America

Asia-Pacific is expected to dominate the global white market during the foreseen period. This is because the area is a vehicle hub along with the expansion of vehicle manufacturing in the neighborhood. North America is invited to follow Asia-Pacific's leadership in terms of market share in the global body in the white market. Europe is considered the fastest developing market over the period of time. Germany is expected to dominate the market due to the presence of large automakers and the focus on R&D in new innovations. The monstrous electric car sales in the neighborhood, combined with the expected increase in sales due to the presence of support guidelines for the production and use of these vehicles, are cited to stimulate market development over the period of time.

Impact of Covid-19 On the Global Body In White Market:

COVID-19 has transformed into a worldwide emergency, advancing at a rapid scale. No industry is insusceptible to this emergency and design and development is no exemption. Building and development organizations must act presently to save the honesty of their tasks and ensure their kin. COVID-19 is putting weights of an alternate sort and extent on each piece of the design and development esteem chain.

In view of examination, building and development organizations can actualize a scope of potential arrangements utilizing innovation and computerized to react to the current difficulties (presently) and fortify their working model for the following stage.

An enormous portion of arrangements, such as Building Information Modeling and coordinated venture management stages to give some examples, were at that point distinguished as advanced structure obstructs for the development business.

Market Key Players:

1. ArcelorMittal
2. Roland Berger
3. ThyssenKrupp System Engineering GmbH
4. Gestamp, Norsk Hydro ASA
5. Magna International Inc.
6. Aisin Seiki Co., Ltd.