Global Body in White Market worth $90.5 billion by 2027
                     MarketsandMarkets 
Presents
Global Body in White Market worth 
$90.5 billion by 2027
https://
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-221187107.html
 
The report "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" The global body in white market is projected to grow 
from USD 77.0 billion in 2019 to reach USD 90.5 billion by 2027, at a 
CAGR of 2.0%.
The growth of the body in white market is influenced by the 
implementation of stringent emission regulations on the automotive 
industry to reduce CO2 emissions by the adoption of electric vehicles to 
employ lightweight solutions and at the same time comply with the 
safety standards. Manufacturers are focusing on upgrading their facilities 
to accommodate advanced materials which are high in cost and require 
different manufacturing process and production techniques like hot 
stamping, roll forming, and other methods. This makes the process 
costlier than the usual cold stamping manufacturing process. 
Additionally, upgrading the materials to ultra-high-strength steel or 
aluminum will increase the material cost, thereby impacting the BIW 
component costs. These factors will ultimately drive the global market 
growth.
Browse 60 market data Tables and 50 Figures spread 
through 150 Pages and in-depth TOC on "Global Body in White 
Market”
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Asia Pacific is expected to lead the global market during the 
forecast period
Asia Pacific is expected to be the largest market due to the massive 
production of vehicles in China. With the adoption of higher standards for 
emission regulations, countries like Japan are estimated to be the 
fastest-growing market in adopting lightweight solutions such as using 
aluminum. Aluminum is low weight as compared to steel and has a high 
strength when manufactured through hot forming; however, the cost of 
implementation is higher; thus, boosting the BIW market revenues. 
Other lightweight materials used in BIW components are magnesium and 
composite materials, which are high in cost and the future usage of 
these materials is expected to increase in line with the new regulations.
Electric vehicles sales market is expected to contribute to the 
BIW market at the Highest CAGR
Electric vehicle passenger car sales have witnessed high growth over the 
last few years. The construction of the electric vehicle BIW structure is 
primarily dependent on light-weighting to attain the required mileage 
without compromising the structural integrity and safety. The vehicle 
curb weight of fully electric passenger car has been reduced to 
approximately 160 kilos by using lightweight materials to attain 
maximum mileage per charge which increases the manufacturing cost of 
BIW components, thus increasing the market value of the body in white 
components. With the increase in the number of electric vehicles, the 
BIW market is expected to grow.
Europe: Germany is expected to lead the Europe market
Europe is estimated to be the fastest-growing market during the forecast 
period. Germany is expected to lead the market due to the presence of large 
automakers and focus on R&D on new technology. The massive sales of 
electric vehicles in the region coupled with the projected boost in sales due to 
the presence of supporting regulations towards the manufacture and use of 
these automobiles is expected to subsequently drive the growth of the 
market during the forecast period.
The body in white market is led by globally and regionally established players 
such as 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). 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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Critical Questions:
• Many component manufacturers are expanding the market through 
expansions into other markets; how will this help the market grow?
• How will developments in passenger cars, light commercial vehicles, 
medium & heavy commercial vehicles by leading manufacturers will 
change the dynamics of this market?
• The industry is focusing on light-weighting in electric vehicles and ICE 
vehicles. Which are the leading companies who are working light-
weighting for electric vehicles, and what organic and inorganic 
strategies have been adopted by them?
• Analysis of your competition that includes major players in this market 
ecosystem. The major players are Gestamp Automoción, Voestalpine 
Group, Magna International, Benteler International, CIE Automotive, 
Tower International, Martinrea International, Aisin Seiki, KIRCHHOFF 
Automotive, Dura Automotive, Thyssenkrupp, and JBM Auto.
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