Global Hot Stamping Body in White Market, By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles (LCV), Medium and Heavy Commercial Vehicles (MHCV), Electric Vehicles), Construction Type (Monocoque, Frame Mounted), Material Type (Steel, Aluminium, Magnesium, CFRP), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Hot Stamping Body in White Market
Data Bridge Market Research analyses that the hot stamping body in white market would exhibit a CAGR of 3.10% for the forecast period.
The design and construction phase in an automotive manufacturing unit during which the sheet metal body pieces of a vehicle are welded together is referred to as body in white (BIW). To put it another way, the white frame represents the automobile's body structure prior to painting and assembly of the chassis, engine, doors, glass, seat, hood, and other sub-assemblies. Clinching, welding, laser brazing, and other operations are among the procedures covered. BIW components are an invariable segment of the automotive sector and thus associated as the largest business segment in the entire automotive industry, despite upheavals in the industry such as the evolution of electric/hybrid vehicles and the development of driverless and connected vehicles. Sheet metal forming, hot forging and injection molding are all combined in the hot stamping process.
The upsurge in demand of electric vehicles will influence the growth rate of hot stamping body in white market during the forecast period of 2022-2029. The hot stamping body in white market is likely to grow significantly due to the rising need of fuel efficient and emission standard vehicle. Also, increase in the adoption rate of developed and efficient technology is a contributing factor to the growth rate of hot stamping body in white market. Furthermore, rising demand for passenger and heavy commercial vehicles globally and are the major market drivers that will have positive impact on the market’s growth rate. Some of the factors that will accelerate the demand for hot stamping body in white market include increasing number of applications in various end-use industries and expansion of automobile sector.
Moreover, rise in the developments in manufacturing process for maintaining high tensile strength and the advancement of EV specific battery will carve the beneficial opportunities for the growth of hot stamping body in white market. Additionally, rapid growth of electric component manufacturing industries and emerging new markets will act as significant market driver and hence further boost new opportunities for the market’s growth.
However, high capital investment and fluctuations in the prices of raw material will stymie the revenue growth of hot stamping body in white market. Technical barriers and lower formability in joining other materials with steel components will pose major challenges for the growth of hot stamping body in white market. Also, severe impact of COVID-19 on manufacturing as well as supply chain operations of various industries will act as major market restrain that will further hinder the growth of hot stamping body in white market during the above mentioned forecast period.
This hot stamping body in white market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hot stamping body in white market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hot Stamping Body in White Market Scope and Market Size
The hot stamping body in white market is segmented on the basis of vehicle type, construction type and material type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Hot stamping body in white market on the basis of vehicle type has been segmented as passenger vehicles, light commercial vehicles (LCV), medium and heavy commercial vehicles (MHCV), and electric vehicles.
- Based on construction type, hot stamping body in white market has been segmented into monocoque, and frame mounted.
- On the basis of material type, hot stamping body in white market has been segmented into steel, aluminium, magnesium, and CFRP.
Hot Stamping Body in White Market Country Level Analysis
The global hot stamping body in white market is analysed and market size insights and trends are provided by country, vehicle type, construction type and material type as referenced above.
The countries covered in the hot stamping body in white market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the hot stamping body in white market due to the increasing production of cars and high adoption rate of lightweight solutions in this region. Europe is expected to grow during the forecast period of 2022 to 2029 due to the prevalence of majority of manufacturers and rise in research and development activities in this region.
The country section of the hot stamping body in white market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Hot Stamping Body in White Market Share Analysis
The hot stamping body in white market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hot stamping body in white market.
Some of the major players operating in the hot stamping body in white market are Autokiniton, AISIN CORPORATION, Gestamp, BENTELER International, MarkLines Co., Ltd., voestalpine AG, CIE Automotive, Magna International Inc, KIRCHHOFF Automotive GmbH, Jay Bharat Maruti Ltd., thyssenkrupp System Engineering GmbH, Martinrea International Inc., Norsk Hydro ASA, and DURA AUTOMOTIVE SYSTEMS., among others.
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