Automotive Body in White Market To Undertake Strapping Growth By The End 2033 | FMI from Vishal's blog

The global automotive body in white market is worth US$ 63.5 Billion as of now and is expected to reach US$ 89.4 Billion by the year 2033 at a CAGR of 3.5% between 2023 and 2033.

Industrialization, globalization, and expanded supply chains are into strengthening transportation and logistics sector. Plus, there is an increase in the usage of lightweight materials in automobiles for improving fuel efficiency. These factors are expected to take the automotive body in white market going forward.

Automotive body in white is expected to possess higher tensile strength along with resistance against torsional, dynamic, static, and bending forces. As such, high-strength materials are used for producing automotive body in white.

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At the same time, the fact that automobile companies’ supply chains are more complex can’t be ignored. This factor could restrain the automotive body in white market in the near future.

Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Automotive Body in White Market’. It has its indigenous team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.

“With transportation and logistics sector gaining traction, the global automotive body in white market is expected to grow on a robust note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Automotive Body in White Market

• The Asia-Pacific is expected to witness maximum growth in the automotive body in white market in the forecast period. China and India dominate the scene. Coming to production, Japan rules the roost and the scenario is expected to remain unchanged even in the forecast period. South Korea and Taiwan are the other torchbearers. China backs on low-cost materials being available. India rides on availability of cheap labor.
• North America holds the largest market share with the US being subject to notable investments in manufacturing automobiles with various cutting-edge features.
• Europe is led by Germany with passenger vehicles’ higher sales in combination with supporting rules for producing and using vehicles. The status quo is expected to remain unchanged even going forward.

Read more: https://www.futuremarketinsights.com/reports/automotive-body-in-white-market 

Competitive Analysis

• Mercedes-Benz, in January 2021, did give a huge order to KUKA to engineer, build, assemble, and commission numerous body in white manufacturing lines for an influx of Mercedes vehicles all over North America.
• ThyssenKrupp, in March 2021, came up with its business unit called ‘Automotive Body Solutions’; which emphasizes on assembly solutions with creating lightweight body components for the clients in car vertical.