According to Market Study Report, Global Body in White Market provides a comprehensive analysis of the Body in White Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.
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The Global Body in White Market for the automotive industry is estimated to grow from USD 77.0 Billion in 2019 to reach USD 90.5 Billion by 2027, at a CAGR of 2.0% .This report spread across 150 Pages, Profiling 12 Companies and Supported with xx Tables and xx figures are now available in this research.
Top Companies Profiled in the Body in White Market:
- 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)
- JBM Auto (India)
“Increasing demand for electric vehicles is likely to propel the growth of the body in white market.”
Increase in electric vehicle sales is another driver for the BIW revenue growth, as the vehicles need lightweight solutions in material as well as manufacturing method to achieve higher mileage by the battery.
“Europe market is expected to register the fastest growth during the forecast period”
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.
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