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Pulished Date August, 2021
ID: 10089
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Body in White Market segmentation By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Electric Vehicles), By Construction Type (Monocoque, Frame Mounted) By Manufacturing Method (Cold Stamping, Hot Stamping, Roll Forming, and Others), By Material Type (Steel, Aluminium, Magnesium, CFRP) - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: August, 2021
ID: 10089
Pages: 175

Market Overview:

The global body in the white market is expected to reach $ 90.5 billion by 2027, above a forecast estimate of $ 77.0 billion for 2021, growing at a compound annual rate of 2.0% during the evaluation period

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.

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.

Drivers and Restraints of Global Body in White 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.

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

Market Segmentation:

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.

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.

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 high temperature, in parallel with the die forming and cooling process. The hot stamping process section is based on gaining prominent share in the body in white market during the assessment period.

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.

Global Body in White Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

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 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 GLOBAL BODY IN WHITE MARKET:

COVID-19 has transformed into a worldwide emergency, advancing at rapid and scale. No industry is insusceptible to this emergency and designing 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 designing 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.

Key Players of Market:

Major players accounting in the global body in white market are ArcelorMittal, Roland Berger, ThyssenKrupp System Engineering GmbH, Gestamp, Norsk Hydro ASA, Magna International Inc., and Aisin Seiki Co., Ltd.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Body in White Market, By Vehicle Type                 

                    6.1.1 Passenger Cars        

                    6.1.2 Light Commercial Vehicles 

                    6.1.3 Medium & Heavy Commercial Vehicles    

                    6.1.4 Electric Vehicles       

                    6.1.5 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.6 Y-o-Y Growth Rate Analysis         

                    6.1.7 Market Attractiveness Index         

          6.2 Body in White Market, By Construction Type                   

                    6.2.1 Monocoque    

                    6.2.2 Frame Mounted       

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Body in White Market, By Manufacturing Method            

                    6.3.1 Cold Stamping         

                    6.3.2 Hot Stamping

                    6.3.3 Roll Forming  

                    6.3.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

          6.4 Body in White Market, By Material Type                

                    6.4.1 Steel   

                    6.4.2 Aluminum      

                    6.4.3 Magnesium    

                    6.4.4 CFRP   

                    6.4.5 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.6 Y-o-Y Growth Rate Analysis         

                    6.4.7 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Vehicle Type        

                    7.2.3 By Construction Type         

                    7.2.4 By Manufacturing Method   

                    7.2.5 By Material Type      

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Vehicle Type        

                    7.3.3 By Construction Type         

                    7.3.4 By Manufacturing Method   

                    7.3.5 By Material Type      

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Vehicle Type        

                    7.4.3 By Construction Type         

                    7.4.4 By Manufacturing Method   

                    7.4.5 By Material Type      

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Vehicle Type        

                    7.5.3 By Construction Type         

                    7.5.4 By Manufacturing Method   

                    7.5.5 By Material Type      

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Vehicle Type        

                    7.6.3 By Construction Type         

                    7.6.4 By Manufacturing Method   

                    7.6.5 By Material Type      

8. Key Player Analysis                           

          8.1 ArcelorMittal               

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Roland Berger             

          8.3 ThyssenKrupp System Engineering GmbH            

          8.4 Gestamp          

          8.5 Norsk Hydro ASA                  

          8.6 Magna International Inc                  

          8.7 Aisin Seiki Co., Ltd               

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Body in White Market By Region, From 2021-2026 ( USD Billion )
  2. Global Body in White Market By Vehicle Type, From 2021-2026 ( USD Billion )
  3. Global Passenger Cars Market By Region, From 2021-2026 ( USD Billion )
  4. Global Light Commercial Vehicles Market By Region, From 2021-2026 ( USD Billion )
  5. Global Medium & Heavy Commercial Vehicles Market By Region, From 2021-2026 ( USD Billion )
  6. Global Electric Vehicles Market By Region, From 2021-2026 ( USD Billion )
  7. Global Body in White Market By Construction Type, From 2021-2026 ( USD Billion )
  8. Global Monocoque Market By Region, From 2021-2026 ( USD Billion )
  9. Global Frame Mounted Market By Region, From 2021-2026 ( USD Billion )
  10. Global Body in White Market By Manufacturing Method, From 2021-2026 ( USD Billion )
  11. Global Cold Stamping Market By Region, From 2021-2026 ( USD Billion )
  12. Global Hot Stamping Market By Region, From 2021-2026 ( USD Billion )
  13. Global Roll Forming Market By Region, From 2021-2026 ( USD Billion )
  14. Global Body in White Market By Material Type, From 2021-2026 ( USD Billion )
  15. Global Steel Market By Region, From 2021-2026 ( USD Billion )
  16. Global Aluminum Market By Region, From 2021-2026 ( USD Billion )
  17. Global Magnesium Market By Region, From 2021-2026 ( USD Billion )
  18. Global CFRP Market By Region, From 2021-2026 ( USD Billion )

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