Automotive Body-in-White Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The Automotive Body-in-White Market is segmented by Vehicle Type (Passenger Vehicles and Commercial Vehicles), Propulsion Type (IC Engine and Electric Vehicles), Material Type (Aluminum, Steel, Composites, and Other Material Types), Material Joining Technique (Welding, Clinching, Laser Brazing, Bonding, and Other Material Joining Techniques), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecast for Automotive Body-in-White market in value (USD billion) for all the above segments.

Market Snapshot

Automotive Body In White Market Overview
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia Pacific
CAGR: 3.32 %
Automotive Body In White Market Key Players

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Market Overview

The Automotive Body-in-white Market was valued at USD 86.78 billion in 2020, and it is expected to reach USD 109.32 billion by 2026, registering a CAGR of 3.32% during the forecast period (2021 - 2026).

The COVID-19 pandemic hindered the growth of automotive body-in-white market owing to decreased automotive sales, shut down of manufacturing facilities worldwide. However, as restrictions eased post-pandemic market expected to regain momentum during forecast period.

Growing stringent environmental regulations and emission norms along with rising adoption rate of lightweight materials in the vehicles to achieve fuel efficiency to propel demand in the market during the forecast period. Moreover, automakers are investing in research and development to improve the fuel efficiency of vehicles by reducing their weight through the use of lightweight materials, which is anticipated to drive the growth of the market.

Apart from this, the body in white is an integral structure for all automobiles, and hence, the development of the automobile sector will also add to the growth of the global body-in-white market. Asia-Pacific region is anticipated to have significant growth during the forecast period owing to the government initiatives in countries, like India and China, as it will promote manufacturing and contribute to the growth of this market.

Scope of the Report

Automotive body-in-white refers to the phase in automotive manufacturing in which the sheet metal body components of an automobile have been welded together. In other words, the automotive body-in-white is the frame structure of the automobile before painting and assembly of the engine, chassis, glass, seat, doors, hood, and other such sub-assemblies.

The Scope of the report covers segmentation based on Vehicle Type, Propulsion Type, Material Type, Material joining technique, and Geography. By vehicle type, the market is segmented into Passenger vehicles and Commercial vehicles. By Propulsion type, the market is segmented into IC engines and Electric vehicles. 

By Material type, the market is segmented into Aluminum, Steel, Composites, and Other material types. By Material joining technique, the market is segmented into Welding, Clinching, Laser brazing, Bonding, and Other material joining techniques.

By Geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. For each segment, the market sizing and forecast have been done on the basis of value (USD billion).

Vehicle Type
Passenger Vehicles
Commercial Vehicles
Propulsion Type
IC Engines
Electric Vehicles
Material Type
Aluminum
Steel
Composites
Other Material Types
Material Joining Technique
Welding
Clinching
Laser Brazing
Bonding
Other Material Joining Techniques
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa

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Key Market Trends

Light weight Materials Likely to Witness Significant Demand During the Forecast Period

The conventional metallic materials of body-in-white (BIW) structural components are getting replaced by lightweight materials such as lightweight steels, fiber-reinforced plastics, and alloys of aluminum and magnesium for all types of vehicles, ranging from commercial trucks to passenger cars and from gasoline-powered vehicles to electric vehicles. The primary driving force behind this improvement is the rising demand for fuel-efficient vehicles along with the stringent emission and safety regulations.

Stringent emission standards across developing and developed nations are fueling the demand for lightweight vehicles. To further comply with stricter emissions and fuel economy standards, automobile manufacturers are focusing on reducing the overall weight of the car and enhancement of fuel efficiency resulting in the growth of the body-in-white (BIW) market. For instance,

  • In March 2021, Thyssenkrupp announced the launch of the “Automotive Body Solutions” business unit, which specializes in body assembly solutions and the production of lightweight body components for auto industry customers.
  • In March 2021, Hydro announced sells the Rolling unit business for USD 1.65 billion to KPS Capital. The aluminum rolling unit is used for manufacturing automotive parts. The sale of the rolling unit is part of the company's strategy to strengthen its strategy of low-carbon aluminum production.

Therefore, growing demand for vehicles and advanced technology anticipated to increase demand for these other types of materials in the automotive body-in-white market during the forecast period.

Automotive Body In White Market Key Trends

Asia-Pacific Anticipated to Exhibit the Highest Growth Rate During the Forecast Period

The Asia-Pacific region is expected to hold significant share in the automotive body-in-white market. Rising automotive production, government initiatives to encourage adoption of electric vehicles expected to boost demand for body-in-white market during the forecast period. Growing demand for automotive vehicles in major countries like India, China anticipated to supplement the development of market in Asia-Pacific region.

China has been the major contributor to the automotive body-in-white market in the Asia-Pacific region, with approximately 25 million cars produced every year. It is the largest revenue generator for the market. In addition, Japan estimated to be one of the fastest-growing market with the adoption of strong emission regulations and the purchase of electric vehicles with lightweight solutions, which makes the region the largest revenue market for BIW globally.

With recent changes in emission norms, manufacturers were forced to launch new car models with upgraded engines. As part of this change, most manufacturers are investing heavily in the research and development of the latest technologies and coming up with new materials to reduce the vehicle weight. These aspects have made Asia-Pacific the favored automotive manufacturing hub, which will drive the automotive body-in-white market in the future.

Automotive Body In White Market Growth Rate

Competitive Landscape

The Automotive body-in-white market is consolidated and is led by globally and regionally established players. These companies have strong distribution networks at a global and regional level and adopting strategies to offer an extensive product range in this market. They are entering into collaborations, and contracts, and agreements to sustain their market position. For instance,

  • In April 2021, Magna Cosma Casting is announced that it is planning to invest USD 31.9 million into an expansion of its facility of a roughly 50,000-square-foot expansion to its Battle Creek facility for additional manufacturing space to produce lightweight vehicles.
  • In September 2020, ABB announced its new Dynamic Assembly Pack for Final Trim and Assembly (FTA). FTA combines real-time vision cameras on the robot gripper and arms with integrated force control sensors to allow the robot to precisely track the position of the car body as it enters the workstation.

Magna International Inc, Norsk Hydro ASA, Gestamp Automocion SA, Aisin Seiki, Thyssenkrupp AG are some of the key players in the market.

Recent Developments

  • In September 2021, Benteler announced that it developed a small-overlap crash solution bringing more safety for vehicle occupants in frontal collisions. The small-overlap solution is also part of the Integrated E-Chassis Module (an axle with integrated drive for e-cars) developed jointly with Bosch.
  • In September 2021, Tata Steel announced that it developed 79 new products in India. with focus of new product development includes hot rolled steel segment that has been directed toward automotive structural and wheel applications.
  • In August 2021, Gestamp announced that it would supply A/B pillars, seat cross members, chassis for the SAIC VW ID.4 CROZZ and ID.6. CROZZ. The products are made of 28.7% thermoformed steel and 77.7% high-strength steel plate. The side double all-aluminum door sills are reinforced, and the strength of some parts reaches 2,000 Mpa.
  • In August 2021, Dura Automotive Systems and Almak partnered to invest EUR 29.9 million to establish a joint venture called “Almak-Dura Extrusion "in the Technological-Industrial Development Zone – Skopje. The new company would provide precision automotive components based on advanced aluminum alloys and proprietary extrusion technologies.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Vehicle Type

      1. 5.1.1 Passenger Vehicles

      2. 5.1.2 Commercial Vehicles

    2. 5.2 Propulsion Type

      1. 5.2.1 IC Engines

      2. 5.2.2 Electric Vehicles

    3. 5.3 Material Type

      1. 5.3.1 Aluminum

      2. 5.3.2 Steel

      3. 5.3.3 Composites

      4. 5.3.4 Other Material Types

    4. 5.4 Material Joining Technique

      1. 5.4.1 Welding

      2. 5.4.2 Clinching

      3. 5.4.3 Laser Brazing

      4. 5.4.4 Bonding

      5. 5.4.5 Other Material Joining Techniques

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Spain

        5. 5.5.2.5 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 India

        2. 5.5.3.2 China

        3. 5.5.3.3 Japan

        4. 5.5.3.4 South Korea

        5. 5.5.3.5 Rest of Asia-Pacific

      4. 5.5.4 Rest of the World

        1. 5.5.4.1 South America

        2. 5.5.4.2 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles *

      1. 6.2.1 Thyssenkrupp AG

      2. 6.2.2 Tata Steel Limited

      3. 6.2.3 Kuka AG

      4. 6.2.4 TECOSIM Group

      5. 6.2.5 Magna International Inc.

      6. 6.2.6 ABB Corporation

      7. 6.2.7 Gestamp Automocion SA

      8. 6.2.8 Aisin Seiki Co. Limited

      9. 6.2.9 Dura Automotive Systems

      10. 6.2.10 Tower International

      11. 6.2.11 CIE Automotive

      12. 6.2.12 Benteler International

      13. 6.2.13 Norsk Hydro ASA

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Automotive Body-in-White Market market is studied from 2018 - 2026.

The Automotive Body-in-White Market is growing at a CAGR of 3.32% over the next 5 years.

The Automotive Body-in-White Market is valued at 87 Billion USD in 2018.

The Automotive Body-in-White Market is valued at 109 Billion USD in 2026.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Thyssenkrupp AG, Magna International Inc., Aisin seiki co ltd, Norsk Hydro ASA, Gestamp Automocion SA are the major companies operating in Automotive Body-in-White Market.

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