Automotive Body-in-White Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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 the Automotive Body-in-White market in value (USD billion) for all the above segments.

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Automotive Body-in-White Market Size

Automotive Body-in-White Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: 3.32 %

Major Players

Automotive Body-in-White Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Automotive Body-in-White Market Analysis

The Automotive Body-in-white Market was valued at USD 92.86 billion in 2021, and it is expected to reach USD 112.94 billion by 2027, registering a CAGR of 3.32% during the forecast period (2022 - 2027).

The COVID-19 pandemic hampered the growth of the automotive body-in-white market as production of vehicles declined owing due to the shutdown of manufacturing units. However, with the ease of restrictions post-pandemic, the market is expected to regain momentum during the forecast period.

Stringent environmental regulations and emission norms, along with the rising adoption of lightweight materials in vehicles to achieve fuel efficiency, are expected to propel the market demand during the forecast period.

Moreover, ongoing R&D on new alloys and efficient manufacturing techniques and increasing investments in automation and robots in the production process are likely to offer new opportunities for players in the market. Apart from this, the body in white is an integral structure for all automobiles. Hence, the development of the automobile sector will also add to the growth of the global body-in-white market.

The Asia-Pacific region is anticipated to have significant growth, followed by Europe and North America during the forecast period. Asia-Pacific is expected to witness optimistic growth due to the government initiatives adopted in countries like India and China, promoting manufacturing and contributing to the growth of this market.

Automotive Body-in-White Industry Segmentation

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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Automotive Body-in-White Market Trends

This section covers the major market trends shaping the Automotive Body-in-White Market according to our research experts:

Growing Demand for Light-weight Vehicles to Drive the Automotive Body-in-White Market

The body-in-white market is seeing advancements in lightweight material developments such as aluminum, magnesium alloy, and fiber-reinforced plastics (FRP), which are enabling the production of the body in white for lighter vehicles. The other influencing factors for lightweight materials technology are customer-driven requirements like styling, aesthetic appearance, reduced NVH (noise, vibration, harshness) aspects, and comforts.

The primary driving force behind the rising demand for fuel-efficient vehicles is the implementation of stringent emission and safety regulations. Accordingly, to comply with stricter emissions and fuel economy standards, while some automobile manufacturers are focusing on reducing the overall weight of the car and enhancement of fuel efficiency, others are entering into collaborations, partnerships, etc., to stabilize their position in the market. For instance,

  • In September 2021, Daimler AG's Mercedes-Benz signed a deal with Swedish steelmaker SSAB AB, whose Hybrid unit will produce low-carbon steel for the auto company beginning in 2022. The agreement is part of Mercedes's effort to make its entire auto fleet carbon-neutral by 2039.
  • 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 sold the Rolling business units for USD 1.65 billion to KPS Capital. The aluminum rolling unit is involved in 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, with manufacturers focusing on adopting innovative technologies and manufacturing processes to stand unique from their competitors, the automotive body-in-white market is expected to accumulate notable growth during the forecast period.

Automotive Body-In-White Market - Revenue Share (%), By Material Type, Global, 2021

Asia-Pacific Region Likely to Exhibit Fastest Growth During the Forecast Period

The Asia-Pacific region is expected to contribute significantly over the forecast period. Growing automotive production and increasing governments focus on designing policies and initiatives encouraging electric vehicles likely to boost the body-in-white market during the forecast period. The rising prominence of major countries like India and China is anticipated to supplement the development of the market in the Asia-Pacific region. For instance,

  • In FY 2021, the electric passenger cars sold in India were 5,905 units compared to 2,814 units in 2020, which was a growth of around 109%. The government is investing in the development of infrastructure and incentivizing first electric vehicle buyers with subsidies to encourage people to shift from conventional fuel vehicles to green fuel vehicles.

With several key players investing heavily and entering joint ventures with other players to cater to the growing demand, the market is likely to remain highly competitive during the forecast period. For instance,

  • In April 2021, NIO Inc. completed the production of the first body-in-white of the ET7 sedan at its manufacturing site in Hefei, Anhui Province. The body-in-white is produced through an assembly process in which structural body members and covering parts are welded together. NIO will begin the operation of a new welding production line dedicated to the ET7 sedan at its Hefei manufacturing site.
  • In January 2021, Marelli Talbros Chassis Systems, the 50% joint venture (JV) company of Talbros Automotive Components Limited, announced that it had received multi-year orders from a large European car manufacturer for supplying body-in-white design parts.

With the aforementioned trends and developments, it is expected that the market in the Asia-Pacific region will grow at a healthy rate during the forecast period.

Automotive Body-In-White Market, - Growth Rate by Region (2022 - 2027)

Automotive Body-in-White Industry Overview

The automotive body-in-white market is a moderately consolidated one due to the presence of regional and global established players. These companies have strong distribution networks at a global and regional level and are adopting strategies to offer an extensive product range in this market. They are entering into collaborations, contracts, and agreements to sustain their market position. For instance,

  • In April 2021, Magna Cosma Casting announced that it was planning to invest USD 31.9 million to expand its Battle Creek facility by roughly 50,000-square-foot for additional manufacturing space to produce lightweight vehicles.
  • 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 January 2021, KUKA received a major order from Mercedes-Benz for the engineering, construction, assembly, and commissioning of several body-in-white production lines of future Mercedes models in North America.

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

Automotive Body-in-White Market Leaders

  1. Thyssenkrupp AG

  2. Magna International Inc.

  3. Aisin seiki co ltd

  4. Norsk Hydro ASA

  5. Gestamp Automocion SA

*Disclaimer: Major Players sorted in no particular order

Automotive Body-in-White Market Concentration

Automotive Body-in-White Market News

  • In September 2021, Benteler announced that it had 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 an integrated drive for e-cars) developed jointly with Bosch.
  • In September 2021, Tata Steel announced that it had developed 79 new products in India. The focus of new product development includes a 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.

Automotive Body-in-White Market Report - 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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Automotive Body-in-White Market Research FAQs

The Automotive Body-in-White Market is studied from 2018 - 2028.

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 92 Billion USD in 2018.

The Automotive Body-in-White Market is valued at 112 Billion USD in 2028.

Asia-Pacific is growing at the highest CAGR over 2018 - 2028.

Asia-Pacific holds highest share in 2021.

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.

Automotive Body-in-White Industry Report

Statistics for the 2023 Automotive Body-in-White market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Body-in-White analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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