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.
The automotive body in white (BIW) market encompasses the manufacturing and assembly of vehicle body structures, including the chassis, frame, and body panels, prior to painting and final assembly. The body in white serves as the structural foundation of a vehicle, providing support, rigidity, and crash protection while housing various vehicle components and systems. As the automotive industry evolves and vehicle design becomes more complex, the demand for advanced body in white solutions continues to grow, driven by several key factors.
Key Drivers Fueling Growth in the Automotive Body in White Market:
- Vehicle Lightweighting Initiatives: Automakers prioritize lightweighting initiatives to improve fuel efficiency, reduce emissions, and enhance vehicle performance. Lightweight materials such as aluminum, high-strength steel, carbon fiber, and composite materials are increasingly used in body in white construction to reduce vehicle weight while maintaining structural integrity and safety standards, driving demand for advanced lightweight BIW solutions.
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- Stringent Emissions and Safety Regulations: Stringent emissions regulations and safety standards mandate the use of lightweight, high-strength materials and advanced manufacturing techniques in vehicle construction. Automotive OEMs invest in innovative BIW technologies and manufacturing processes to comply with regulatory requirements, meet crash test standards, and enhance occupant safety, driving demand for BIW components and solutions that offer optimal strength-to-weight ratios and crash protection capabilities.
- Vehicle Electrification and Battery Integration: The shift towards electric and hybrid vehicles presents new challenges and opportunities for BIW manufacturers and suppliers. Electric vehicle platforms require specialized BIW structures to accommodate battery packs, electric drivetrains, and power electronics while maintaining structural integrity and safety. BIW solutions that support battery integration, thermal management, and crashworthiness are essential for enabling the mass adoption of electric vehicles and enhancing vehicle performance and efficiency.
- Advancements in Manufacturing Technologies: Ongoing advancements in manufacturing technologies, such as robotic automation, laser welding, and additive manufacturing, improve the efficiency, precision, and scalability of BIW production processes. Automated assembly lines and digital manufacturing techniques enable BIW manufacturers to streamline production, reduce cycle times, and optimize material usage, driving efficiency gains and cost savings in BIW manufacturing operations.
- Globalization of Automotive Production: The globalization of automotive production and supply chains creates opportunities for BIW manufacturers and suppliers to expand their market presence and customer base. Automotive OEMs establish manufacturing facilities and assembly plants in emerging markets to capitalize on regional demand and reduce production costs, driving the adoption of BIW solutions that offer flexibility, scalability, and localization capabilities to meet diverse market requirements and customer preferences.
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.
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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.
- Magna Cosma Casting, in April 2021, did announce that it was on the verge of spending US$ 31.9 Million for building close to 50K square feet of Battle Creek Factory for creating more manufacturing capacity regarding lightweight automobiles.
- Autokiniton Global Group, in July 2019, acquired Tower International Inc.at US$ 900 Million.
- Gestamp, in June 2019, did inaugurate a novel plant at Nitra (Slovakia). It specializes in aluminum. This plant is known for producing various skin panels and body’s structural parts using aluminum in conjunction with steel.
- Benteler, in June 2019, tabled a novel plant at Mos (Spain). It’s, since then, a part of its automotive division and would be producing rear-axle components for a new-fangled platform for PSA. The production would also focus on painting, welding, and laser cutting.
- Kirchhoff Automotive, in May 2019, came up with second plant at Piteti (Romania). The plant is known for supplying stamping parts to European Kirchhoff Automotive’s locations.
- Marelli Talbros Chassis Systems, in January 2021, announced that it received multi-year orders from a big car manufacturer based out of Europe to supply body in white design parts.
- NIO Inc., in April 2021, completed manufacturing the first body in white part of ET7 sedan at its production site at Hefei (Anhui Province).
Kirchhoff Automotive GmbH, Benteler International, ThyssenKrupp AG, Voestalpine AG, Martinrea International Inc., Gestamp Automocion, Magna International Inc., CIE Automotive, Autokiniton Global Group, H-One Co., Ltd., JBM Auto, Dura Automotive Systems, Futaba Industrial Co., Ltd., Shiloh Industries, and Multimatic Inc. are a few of the leading businesses operating in the market.
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Automotive Body in White Market by Category
By Product Type:
- Body Structure
- Bumper Beam
- Crossmember
- Roof Frame
- Cross Car Beam
- Others
- Body Component
- Quarter Panel
- Floor Panel
- Rocker Panel
- Chassis
By Vehicle Type:
- Passenger Vehicles
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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