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 2019, 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:
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:
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:
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:
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:
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:
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
