[Research Report] The Automotive Body-In-White Component market was valued at US$ 88.7 Bn in 2016 and is projected to reach US$ 125.6 Bn by 2025; it is expected to grow at a CAGR of 4.1% from 2017 to 2025.
The automotive BIW component market has experienced significant growth rate owing to increasing vehicle production in the region. The BIW components accounts for 20 – 33 % of curb weight of the vehicle and therefore represents high revenue potential for component suppliers across the automotive value chain. Despite disruptions in the automotive sector such as evolution of electric / hybrid vehicle, development of driverless and connected vehicles, BIW components is invariable segment of automotive sector and therefore associated as the major business segment in overall automotive industry. With wide variety of material availed for vehicle production, selection of material depends on economic effectiveness, lightweight, safety characteristics, volume production and life cycle considerations. Only a handful of players dominate the global BIW component market owing to high investments, enhanced R&D capabilities, and strong supplier relationships among others. The automotive BIW component market is in line with production of automotive vehicle. Further, BIW component including chassis is estimated to register value of US$ 1,300 per vehicle globally. This number is further expected to increase in the future owing to adoption of high costs material and superior manufacturing techniques for vehicle production. Adoption of high cost material is primarily driven by stringent emission and fuel efficiency regulations globally.
Asia Pacific includes countries such as India, China, Japan, and South Korea. This region accounted for over 58% of the global automotive BIW component market owing to the presence of prominent vehicle manufacturing countries such as China, japan and South Korea. Production of passenger cars in China grew at around 15% over the previous year. Major global OEMs are in a bid to open manufacturing facilities in India and China owing to the availability of cheap labor, raw materials, and favorable government regulations. Price of raw material to produce different materials such as steel, aluminum, magnesium is much minor than other regions of the world. This has welcomed OEMs around the world to set up their manufacturing unit in the Asia Pacific region. Presence of global suppliers across these countries contributes only 1 – 15 % of the total supply with regional / specialized players sharing lion’s share. Moreover, these countries together contribute 53.1 % of the global passenger car production in 2016 and is expected to remain dominant over the forecast period. Low penetration of global suppliers in the countries combined with high vehicle production creates significant opportunity for international players to win larger pie of the market.,
Lucrative Regions for Automotive Body-In-White Component Market
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Market Insights
Robust growth in passenger car production globally is fueling the revenue growth
The global passenger car production has grown at a CAGR of 3.8% in the last five years to reach 72.1 Mn units in 2016 according to the International Organization of Motor Vehicle Manufacturers. Supported by the large, growing vehicle consumers, this growth rate is expected to be double by 2025. The BIW components account for 22-33% of the total vehicle mass and contributes to an estimated value of US$ 1,300 per vehicle. Taken together, the significant value contribution of BIW components per vehicle and robust growth in vehicle production will greatly drive the revenue growth in the global automotive BIW component market.
Material Type-Based Market Insights
The global automotive BIW component market by material type is broadly segmented into four categories steel, aluminum, magnesium and CFRP. Each of the material used in the manufacture of BIW component has its own set of advantages and disadvantages. While the steel is the favored material prevalent since quite few years, aluminum has taken up pace off late and is expected to outpace all other material because various benefits it offers over other material.
Component -Based Market Insights
The global automotive BIW market by component type is broadly segmented into three categories structural, inner, and exposed. Structural components generally form the main structure or chassis of the vehicle. These components must be rigid and strong to support the overall structure of the vehicle’s body. These components form an integral part of the chassis and generally includes crumple zones or force absorption zones for safety. It is expected that around 65% of the BIW structural components are outsourced in the Europe, North and South America region and around 25% are outsourced in the APAC and MEA region in the year 2016.
Body Structure – Based Market Insights
The global automotive BIW component market by body structure is broadly segmented into two categories monocoque and frame mounted. Monocoque body structure is likely hold the prime market share in 2016 and is expected to grow at a lightening CAGR over the forecast period as compared to frame mounted body structure. Owing to added safety and light-weightiness of monocoque structure over ladder frame structure is primarily pushing the vehicle manufacturers to adopt it over traditional ladder frame structure. Safety standards such as Euro NCAP ratings have made it mandatory to add crumple zones at the front and the back of vehicles has also encouraged OEMs to adhere the monocoque body structure.
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Automotive Body-in-White Market: Strategic Insights
Market Size Value in US$ 88.7 Billion in 2016 Market Size Value by US$ 125.6 Billion by 2025 Growth rate CAGR of 4.1% from 2017-2025 Forecast Period 2017-2025 Base Year 2017
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Automotive Body-in-White Market: Strategic Insights
| Market Size Value in | US$ 88.7 Billion in 2016 |
| Market Size Value by | US$ 125.6 Billion by 2025 |
| Growth rate | CAGR of 4.1% from 2017-2025 |
| Forecast Period | 2017-2025 |
| Base Year | 2017 |
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Product development is the commonly adopted strategy by companies to expand their product portfolio. Magna International, Gestamp Services, Benteler International AG, ThyssenKrupp Systems Engineering, Santec Group, Schuler Group, Orchid International, Hyundai Rotem, Aida Global, Texas Instruments Incorporated, among others are the key players implementing strategies to enlarge the customer base and gain significant share in the global Automotive Body-In-White Component market, which in turn permits them to maintain their brand name. A few of the recent key developments are:
- In 2017, Gestamp recently opened its new R&D centre in Japan, which will be equipped with simulation resources, and advanced simulation of hot stamping process..
- In 2017, Benteler inaugurated its new sales and service location in Coventry, England. This expansion is aimed to build strong presence in key markets and close collaboration on excellent products and services.
Automotive Body-In-White Component Market Segmentation:
By Material Type
- Steel
- MS
- HSS
- AHSS
- UHSS
- Aluminium
- Magnesium
- CFRP
By Components Position
- Structural
- Inner
- Exposed
By Component Type
- Fenders
- Closures
- Shock Towers
- A-Post / B-Post
- Others
Company Profiles
- Magna International
- Gestamp Services
- Benteler International AG
- ThyssenKrupp Systems Engineering
- Santec Group
- Schuler Group
- Orchid International
- Hyundai Rotem
- Aida Global
- Texas Instruments Incorporated
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material Type , Component Position , Component Types , and Body Structure
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Table of Contents
1 Table of Contents 2
1.1 List of Tables 10
1.2 List of Figures 12
2 Introduction 16
2.1 Scope of the Study 16
2.2 The Insight Partners Research Report Guidance 16
3 Key Takeaways 18
4 Market Landscape 22
4.1 Market Segmentation 22
4.1.1 Global Automotive BIW Component Market – By Material Type 23
4.1.2 Global Automotive BIW Component Market – By Component Position 24
4.1.3 Global Automotive BIW Component Market – By Components Type 24
4.1.4 Global Automotive BIW Component Market – By Geography 24
5 Global Automotive BIW Component Market – Key Industry Dynamics 26
5.1 Key Market Drivers 26
5.1.1 Robust growth in passenger car production globally is fueling the revenue growth 26
5.1.2 Increasing adoption of high cost material combined with rise in overall consumption 27
5.2 Key Market Restraints/Challenges 28
5.2.1 High capital requirement for offering high-end manufacturing capabilities 28
5.3 Key Market Opporunities 29
5.3.1 Asian Countries primarily China, Japan, Korea, and India represent significant revenue growth opportunity for global suppliers 29
5.3.2 Developing multi-material capabilities and continued R&D investments will create revenue growth potential for component suppliers 30
5.4 Future Trends 31
5.4.1 Light weight vehicles paving the way for multi-material components 31
6 Global Automotive BIW Component Market – Qualitative Analysis 32
6.1 Electric Vehicles – Body in White Component 32
7 Automotive BIW Component Market – Global 34
7.1 Global Automotive BIW Component Market Overview 34
7.2 Global Automotive BIW Component Market Forecast and Analysis 34
8 Global Automotive BIW Component Market Analysis – By Material Type 36
8.1 Overview 36
8.2 Aluminium 36
8.3 Steel 38
8.3.1 Overview 38
8.4 Magnesium 39
8.5 Carbon Fiber Reinforced Thermoplastics (CFRP) 40
9 Global Automotive BIW Components % Share Analysis – By Material Composition 41
9.1 Class A/B 41
9.2 Class C 42
9.3 Class D 42
9.4 Class E 43
9.5 Class F 44
9.6 Class SUV-C 45
9.7 Class SUV-D 45
9.8 Class SUV-E 46
10 Global Automotive BIW Component Market Analysis – By Component Position 48
10.1 Overview 48
10.2 Structural 48
10.2.1 Overview 48
10.2.2 Global Structural Market Revenue and Forecasts to 2025 (US$ Bn) 49
10.3 Inner 50
10.3.1 Overview 50
10.3.2 Global Inner Market Revenue and Forecasts to 2025 (US$ Bn) 50
10.4 Exposed 52
10.4.1 Overview 52
10.4.2 Global Exposed Market Revenue and Forecasts to 2025 (US$ Bn) 52
11 Global Automotive BIW Component Market Analysis – By Component Type 54
11.1 Overview 54
11.2 Fenders 54
11.2.1 Overview 54
11.2.2 Global Fenders Market Revenue and Forecasts to 2025 (US$ Bn) 55
11.3 Closure (Doors, Decklid and Hoods) 56
11.3.1 Overview 56
11.3.2 Global Fenders Market Revenue and Forecasts to 2025 (US$ Bn) 56
11.4 Shock Towers 58
11.4.1 Overview 58
11.4.2 Global Shock Towers Market Revenue and Forecasts to 2025 (US$ Bn) 58
11.5 A-Post/B-Post 59
11.5.1 Overview 59
11.5.2 Global A-Post/B-Post Market Revenue and Forecasts to 2025 (US$ Bn) 59
11.6 Others 61
11.6.1 Overview 61
11.6.2 Global Others Market Revenue and Forecasts to 2025 (US$ Bn) 61
12 Global Automotive BIW Component Market Analysis – By Body Structure 63
12.1 Overview 63
12.2 Monocoque 63
12.2.1 Overview 63
12.2.2 Global Monocoque Market Revenue and Forecasts to 2025 (US$ Bn) 64
12.3 Frame Mounted 65
12.3.1 Overview 65
12.3.2 Global Frame Mounted Market Revenue and Forecasts to 2025 (US$ Bn) 65
13 Global Automotive BIW Component Market – Geographical Analysis 67
13.1 Overview 67
13.2 North America Automotive BIW Component Market Revenue and Forecasts to 2025 68
13.2.1 Overview 68
13.2.2 North America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 68
13.2.3 North America Automotive Body-in-White Components Market Breakdown by Key Countries 70
13.2.3.1 U.S. Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 71
13.2.3.2 Canada Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 71
13.2.3.3 Mexico Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 72
13.2.4 North America Automotive Body-in-White Components Market Breakdown by Material Type 73
13.2.5 North America Automotive Body-in-White Components Market Breakdown by Component Position 74
13.2.6 North America Automotive Body-in-White Components Market Breakdown by Component Type 75
13.2.7 North America Automotive Body-in-White Components Market Breakdown by Body Structure 76
13.3 Europe Automotive BIW Component Market Revenue and Forecasts to 2025 78
13.3.1 Overview 78
13.3.2 Europe Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 78
13.3.3 Europe Automotive Body-in-White Components Market Breakdown by Key Countries 80
13.3.3.1 France Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 81
13.3.3.2 Germany Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 81
13.3.3.3 U.K Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 82
13.3.3.4 Italy Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 83
13.3.3.5 Spain Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 84
13.3.4 Europe Automotive Body-in-White Components Market Breakdown by Material Type 85
13.3.5 Europe Automotive Body-in-White Components Market Breakdown by Component Position 86
13.3.6 Europe Automotive Body-in-White Components Market Breakdown by Component Type 87
13.3.7 Europe Automotive Body-in-White Components Market Breakdown by Body Structure 88
13.4 Asia Pacific (APAC) Automotive BIW Component Market Revenue and Forecasts to 2025 90
13.4.1 Overview 90
13.4.2 Asia Pacific Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 90
13.4.3 Asia Pacific Automotive Body-in-White Components Market Breakdown by Key Countries 92
13.4.3.1 China Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 93
13.4.3.2 India Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 94
13.4.3.3 South Korea Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 94
13.4.4 Asia Pacific Automotive Body-in-White Components Market Breakdown by Material Type 95
13.4.5 Asia Pacific Automotive Body-in-White Components Market Breakdown by Component Position 96
13.4.6 Asia Pacific Automotive Body-in-White Components Market Breakdown by Component Type 97
13.4.7 Asia Pacific Automotive Body-in-White Components Market Breakdown by Body Structure 98
13.5 Middle East & Africa (MEA) Automotive BIW Component Market Revenue and Forecasts to 2025 100
13.5.1 Overview 100
13.5.2 Middle East and Africa Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 100
13.5.3 Middle East and Africa Automotive Body-in-White Components Market Breakdown by Key Countries 102
13.5.3.1 GCC Countries Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 103
13.5.3.2 UAE Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 103
13.5.3.3 Africa Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 104
13.5.4 Middle East and Africa Automotive Body-in-White Components Market Breakdown by Material Type 105
13.5.5 Middle East and Africa Automotive Body-in-White Components Market Breakdown by Component Position 106
13.5.6 Middle East and Africa Automotive Body-in-White Components Market Breakdown by Component Type 107
13.5.7 Middle East and Africa Automotive Body-in-White Components Market Breakdown by Body Structure 108
13.6 South America Automotive BIW Component Market Revenue and Forecasts to 2025 110
13.6.1 Overview 110
13.6.2 South America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 110
13.6.3 South America Automotive Body-in-White Components Market Breakdown by Key Countries 112
13.6.3.1 Brazil Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 113
13.6.4 South America Automotive Body-in-White Components Market Breakdown by Material Type 113
13.6.5 South America Automotive Body-in-White Components Market Breakdown by Component Position 114
13.6.6 South America Automotive Body-in-White Components Market Breakdown by Component Type 115
13.6.7 South America Automotive Body-in-White Components Market Breakdown by Body Structure 116
14 Industry Landscape 118
14.1 Market Initiative 118
14.2 Merger and Acquisition 118
15 Competitive Landscape 119
15.1 Competitive Product Mapping 119
15.2 Market Positioning – Global Top 5 Players Ranking 120
16 Global Automotive BIW Component Market – Key Company Profiles 121
16.1 Gestamp Automicion SA 121
16.1.1 Key Facts 121
16.1.2 Business Description 121
16.1.3 Financial Overview 122
16.1.4 SWOT Analysis 122
16.1.5 Key Developments 124
16.2 ThyssenKrupp Systems Engineering 126
16.2.1 Key Facts 126
16.2.2 Business Description 126
16.2.3 Financial Overview 126
16.2.4 SWOT Analysis 127
16.2.5 Key Developments 128
16.3 Hyundai Rotem Company 129
16.3.1 Key Facts 129
16.3.2 Business Description 129
16.3.3 Financial Overview 130
16.3.4 SWOT Analysis 130
16.3.5 Key Developments 132
16.4 AIDA Engineering, Ltd. 133
16.4.1 Key Facts 133
16.4.2 Business Description 133
16.4.3 Financial Overview 134
16.4.4 SWOT Analysis 134
16.4.5 Key Developments 136
16.5 BENTELER International AG 137
16.5.1 Key Facts 137
16.5.2 Business Description 137
16.5.3 Financial Overview 138
16.5.4 SWOT Analysis 138
16.5.5 Key Developments 140
16.6 Eagle Press & Equipment Co. Ltd. 141
16.6.1 Key Facts 141
16.6.2 Business Description 141
16.6.3 Financial Overview 141
16.6.4 SWOT Analysis 141
16.6.5 Key Developments 143
16.7 Magna International Inc. 144
16.7.1 Key Facts 144
16.7.2 Business Description 144
16.7.3 Financial Overview 145
16.7.4 SWOT Analysis 145
16.7.5 Key Developments 147
16.8 Martinrea International Inc. 148
16.8.1 Key Facts 148
16.8.2 Business Description 148
16.8.3 Financial Overview 149
16.8.4 SWOT Analysis 149
16.8.5 Key Developments 151
17 Appendix 152
17.1 About The Insight Partners 152
17.2 Glossary of Terms 153
17.3 Methodology 153
17.3.1 Coverage 154
17.3.2 Secondary Research 154
17.3.3 Primary Research 154
17.4 Contact Us 156
17.5 Disclaimer 156
List of Tables
Table 1: Global Automotive BIW Market Revenue and Forecasts to 2025 – (US$ Bn) 35
Table 2: North America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Material Type (US$ Bn) 74
Table 3: North America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Component Position (US$ Bn) 75
Table 4: North America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Component Type (US$ Bn) 76
Table 5: North America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Body Structure (US$ Bn) 77
Table 6: Europe Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Material Type (US$ Bn) 86
Table 7: Europe Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Component Position (US$ Bn) 87
Table 8: Europe Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Component Type (US$ Bn) 88
Table 9: Europe Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Body Structure (US$ Bn) 89
Table 10: Asia Pacific Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Material Type (US$ Bn) 96
Table 11: Asia Pacific Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Component Position (US$ Bn) 97
Table 12: Asia Pacific Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Component Type (US$ Bn) 98
Table 13: Asia Pacific Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Body Structure (US$ Bn) 99
Table 14: Middle East and Africa Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Material Type (US$ Bn) 106
Table 15: Middle East and Africa Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Component Position (US$ Bn) 107
Table 16: Middle East and Africa Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Component Type (US$ Bn) 108
Table 17: Middle East and Africa Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Body Structure (US$ Bn) 109
Table 18: South America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Material Type (US$ Bn) 114
Table 19: South America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Component Position (US$ Bn) 115
Table 20: South America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Component Type (US$ Bn) 116
Table 21: South America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 – By Body Structure (US$ Bn) 117
Table 22: Glossary of Terms, Automotive BIW Market 153
List of Figures
Figure 1: Aluminium Market, Global Revenue (US$ Bn), 2016 & 2025 18
Figure 2: Steel Market, Global Revenue (US$ Bn), 2016 & 2025 19
Figure 3: Asia Pacific Automotive BIW Component Market, Global Revenue (US$ Bn), 2016 & 2025 21
Figure 4: Automotive BIW Component Market Segmentation 22
Figure 5: Automotive BIW Market Segmentation 23
Figure 6: Global Passenger Car Production (2011-2016) 26
Figure 7: Global Passenger Car Production (2011-2016) 27
Figure 8: Automotive BIW Component Market (China, India, Japan & Korea) Increasing $ Opportunity 29
Figure 9: Automotive BIW Component Market, Trend Analysis for BIW Components 31
Figure 10: Electric Vehicles Body-In-White Component, Material Analysis 33
Figure 11: Global Automotive BIW Component Market Breakdown by Material Type, 2016 & 2025 (%) 36
Figure 12: Aluminium Market Revenue and Forecasts to 2025 (US$ Bn) 37
Figure 13: Steel Market Revenue and Forecasts to 2025 (US$ Bn) 38
Figure 14: Magnesium Market Revenue and Forecasts to 2025 (US$ Bn) 39
Figure 15: CFRP Market Revenue and Forecasts to 2025 (US$ Bn) 40
Figure 16: Global Automotive BIW Market Breakdown by Applications, 2016 & 2025 (%) 41
Figure 17: Class C Material Composition Analysis 42
Figure 18: Class D Material Composition Analysis 43
Figure 19: Class E Material Composition Analysis 44
Figure 20: Class F Material Composition Analysis 44
Figure 21: Class SUV-C Material Composition Analysis 45
Figure 22: Class SUV-D Material Composition Analysis 46
Figure 23: Class SUV-E Material Composition Analysis 47
Figure 27: Global Automotive BIW Component Market Breakdown by Component Position, 2016 & 2025 (%) 48
Figure 24: Global Structural Market Revenue and Forecasts to 2025 (US$ Bn) 49
Figure 25: Global Inner Market Revenue and Forecasts to 2025 (US$ Bn) 51
Figure 26: Global Exposed Market Revenue and Forecasts to 2025 (US$ Bn) 53
Figure 27: Global Automotive BIW Component Market Breakdown by Component Type, 2016 & 2025 (%) 54
Figure 28: Global Fenders Market Revenue and Forecasts to 2025 (US$ Bn) 55
Figure 29: Global Closure Market Revenue and Forecasts to 2025 (US$ Bn) 57
Figure 30: Global Shock Towers Market Revenue and Forecasts to 2025 (US$ Bn) 59
Figure 31: Global A-Post/B-Post Market Revenue and Forecasts to 2025 (US$ Bn) 60
Figure 32: Global Others Market Revenue and Forecasts to 2025 (US$ Bn) 62
Figure 33: Global Automotive BIW Component Market Breakdown by Body Structure, 2016 & 2025 (%) 63
Figure 34: Global Monocoque Market Revenue and Forecasts to 2025 (US$ Bn) 64
Figure 35: Global Frame Mounted Market Revenue and Forecasts to 2025 (US$ Bn) 66
Figure 36: Automotive BIW Market, Global Breakdown by Regions, 2016 & 2025 (%) 67
Figure 37: North America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 69
Figure 38: North America Automotive Body-in-White Components Market Breakdown by Key Countries, 2016 & 2025(%) 70
Figure 39: U.S. Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 71
Figure 40: Canada Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 72
Figure 41: Mexico Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 73
Figure 42: Europe Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 79
Figure 43: Europe Automotive Body-in-White Components Market Breakdown by Key Countries, 2016 & 2025(%) 80
Figure 44: France Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 81
Figure 45: Germany Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 82
Figure 46: U.K Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 83
Figure 47: Italy Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 84
Figure 48: Spain Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 85
Figure 49: Asia Pacific Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 91
Figure 50: Asia Pacific Automotive Body-in-White Components Market Breakdown by Key Countries, 2016 & 2025(%) 92
Figure 51: China Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 93
Figure 52: Canada Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 94
Figure 53: Mexico Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 95
Figure 54: Middle East and Africa Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 101
Figure 55: Middle East and Africa Automotive Body-in-White Components Market Breakdown by Key Countries, 2016 & 2025(%) 102
Figure 56: GCC Countries Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 103
Figure 57: UAE Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 104
Figure 58: Africa Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 105
Figure 59: South America Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 111
Figure 60: South America Automotive Body-in-White Components Market Breakdown by Key Countries, 2016 & 2025(%) 112
Figure 61: Brazil Automotive Body-in-White Components Market Revenue and Forecasts to 2025 (US$ Bn) 113
The List of Companies
1. Gestamp Automicion SA
2. ThyssenKrupp Systems Engineering
3. Hyundai Rotem Company
4. AIDA Engineering Ltd.
5. BENTELER International AG
6. Eagle Press & Equipment Co.
7. Magna International Inc.
8. Martinrea International Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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