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Body in White (BIW) Market

Body in White (BIW) Market Size by Material (Aluminum, Steel, Composites, CFRP (Carbon Fiber Reinforced Polymer, Magnesium), Manufacturing Process (Hot Stamping, Cold Stamping, Hydroforming, Roll Forming), Structure, Propulsion Type, Vehicle Type and regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12524
  • Published Date: Aug, 2024
  • Pages: 217
  • Category: Automotive & Transportation
  • Format: PDF
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Global body in white (BIW) market is expected to reach USD 128.72 billion by 2033, at a CAGR of 2.80% from 2024 to 2033. Global body in white (BIW) market is witnessing a considerable growth owing to the surge in the production of vehicle globally and demand for lightweight vehicles to improve the overall vehicle mileage.

Market Overview:

In the automobile manufacturing process Body in White (BIW) is the term used for welded metal body shell. In actual, these body parts or components are joined together not only by welding but also from many other techniques like clinching, laser brazing, riveting etc. This is designed and made before the subassemblies and trim like glass, door locks, seats, electronics etc. are installed in the body frame. In the past other firm used to make bodies or frame on separate chassis, with everything attached like engine, suspension, fenders etc. and car manufacturers would buy it. BIW holds for 20 to 30 % of the entire vehicle weight, and so there is huge revenue potential for the part supplier.

Body in white (BIW) is the body structures for any automobile. Some of these automobiles contain numerous components, which have progressed through substantial breakthroughs in existing technology or are new technologies such as new alloys of steel & other metals, high strength plastics, computer assistance and global positioning systems (GPS). This BIW is the body in which all these technologies are installed.

The increasing demand for lightweight vehicles for the fuel efficiency is expected to fuel the body in white (BIW) market. These days the conventional metallic materials of body in white (BIW) components which were heavy are replaced by lightweight materials like fibre-reinforced plastics, lightweight steels and aluminium & magnesium alloys for all types of automobile vehicles.

Body in White (BIW) Market Size

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Market Dynamics:

Drivers
  • Surge in the production of vehicle globally

There increase in the production of vehicle worldwide is one of the factors driving this market. With the increase in disposable income and the development of many technologies, the better vehicles are in production. The disposable income is leading the change in the lifestyle of people. The technological advancement is in a direction to give more comfort and experience to the driver. These two factors are leading to an increase in the production of the vehicle, which would drive the body in white (BIW) market.

  • Increasing demand for lightweight vehicles to improve the overall vehicle mileage

The surge in demand for better fuel efficiency is letting the car manufacturer to replace all the conventional metallic part used earlier in BIW components with the lightweight materials which include fibre-reinforced plastics, lightweight steels and aluminium and magnesium alloys in all the automobile vehicles, from passenger cars to commercial trucks etc.

Restraints:
  • High material cost for lightweight solutions

Light weight solution is the No. 1 issue in the automotive industry. Engineers are increasingly implementing lightweight materials for body, chassis, interior, power train and under-the-hood applications. But the lightweight materials are having a higher price than the part the organizations were using before. These materials are definitely increasing the fuel efficiency for the buyer. But also increase the price of the vehicles. This could play both sides either the demand of the car would decrease are the organization has to decrease its profit margin, which could hamper the size of next purchase lot of lighter vehicles, for smooth running.

Opportunities:
  • Advancements in manufacturing processes for high strength material and reduction in component weight

Increasing manufacture of passenger cars, light commercial vehicles, electric vehicles and medium & heavy commercial vehicles globally and decrease in the weight of the vehicle to meet the fuel economy and emission standards are expected to boost the market. The rising demand for electric vehicle is another driver for the BIW revenue growth, as the vehicles need lightweight solutions in material as well as a manufacturing method to attain higher mileage by the battery.

Challenges:
  • High composite material practice could lead to inferior structural integrity

There is an increase in the application of composite materials in the automotive sector in structural components. The polymer matrix composite is the main material which is getting used in this application because of its high strength and lightweight properties. However, the main challenge is that the composite material practice could lead to inferior structural integrity.

Segmentation Analysis:

The global body in white (BIW) market has been segmented based on material, manufacturing process, structure, vehicle type, propulsion and regions.

  • The material segment is divided into aluminium, steel, composites, CFRP, magnesium and other. Steel is anticipated to be the largest segment of the market, reflecting a market share of around 36.85 % in 2023. Steel will be widely used under several grades categorized based on the strength of the material. However, Aluminium sub-segment of automotive body-in-white component market is expected to gain dominance during the forecast period due to its low cost and high strength of a material.
  • The manufacturing process segment includes hot stamping, cold stamping, hydroforming, roll forming and others. Cold stamping segment accounts for the largest share of the market; the segment is anticipated to have account for 27.64% share of the market in terms of value. However, the hot stamping process seems to have a higher growth rate in the forecasting period.
  • The Structure segment includes monocoque and frame-mounted. The Monocoque segment in the global body in white (BIW) market accounted for the highest share of around USD 53.92% in 2023. This is because its primarily used in all types of passenger cars and in some utility vehicles. Monocoque Constructions are also getting adopted slowly in bigger vehicles which can provide a more lightweight solution.
  • The Vehicle type segment includes passenger and commercial. The passenger segment in the global body in white (BIW) market accounted for the highest share of around USD 72.89% in 2023. The vehicle production has seen a huge increase in Asia Pacific owing to the increased mobility needs and nature of emerging economies in China and India.
  • The Propulsion segment includes gasoline and electric powered. The electric-powered vehicle segment is having the highest CAGR of 3.54% in the forecasting period as there is an increase in demand for lightweight vehicle, which improves fuel efficiency and is also environment friendly.
Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Asia Pacific is accounted for the highest market share.

Asia Pacific Body in White (BIW) Market Share in 2023 - 32.33%

 

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  • The Asia Pacific region held the highest market share for body in white market in 2023 with the market share of around 32.33%. This is due to the increase in the production of passenger cars in the region. The other vehicle segments is also steadily growing, and with that, there is an increase in the adoption of lightweight solutions as there is a demand for better fuel efficiency. China is the major contributor to the BIW market in the APAC region.
  • Europe is estimated to have the fastest-growing market during the coming years. Germany is anticipated to lead the market share because of the presence of large automobile companies in the region. The surging demand for electric vehicles in the region along with the presence of supporting regulations towards the production drive the growth of the market during the forecast period.
Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global body in white(BIW) industry.

In September 2019, Autokiniton US Holdings, Inc had completely acquired Tower International, Inc. The acquisition of the tower will enhance AGG's position as a leading North American manufacturer of metal formed components for the automotive industry.

In June 2019, Benteler inaugurated its eighth plant in Spain. The automobile component manufacturer Benteler has opened its eighth Spanish plant in Mos (Pontevedra) and is also the Austrian company's first smart factory in southern Europe.

List of Key Market Players:
  • Gestamp Automoción,
  • Voestalpine Group
  • Magna
  • Benteler International
  • CIE Automotive
  • Tower International
  • Martinrea International
  • Aisin Seiki
  • KIRCHHOFF Automotive
  • Dura Automotive (US)
  • Thyssenkrupp
  • JBM Auto
Key Target Audience
  • Automobile Industry
  • Government Authorities and R&D Institutions
  • Consulting And Research Firm

Report Description:

  • Global body in white(BIW) Market, Industry Analysis, Trends, Analysis and Forecast, 2024 to 2033 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2023 is considered as the base year of the report. 2020, 2021 and 2022 are considered as the historic years and 2024 to 2033 are the forecast years. The global body in white(BIW) market is based on revenue (USD Million/Billion), volume and price. The report incorporates the market study on the basis of revenue, and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global body in white(BIW) market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of material, manufacturing process, structure, vehicle type, propulsion and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global body in white(BIW) market.  This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global body in white(BIW) market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which acts as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global body in white (BIW) market) is covered in order to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the body in white (BIW) market was valued at USD 97.66 billion in 2023 and is anticipated to reach USD 128.72 billion by 2033.

Global body in white (BIW) market is growing at a CAGR of 2.80% during the forecast period 2024-2033.

The Asia Pacific region emerged as the largest market for the ethylene.

Surge in the production of vehicle globally is the key driving factor for the body in white (BIW) market.

High material cost for light weight solutions may hamper the market growth.

Advancements in manufacturing processes for high strength material and reduction in component weight will provide huge opportunities to the market.

Key players are Gestamp Automoción, Voestalpine Group, Magna, Benteler International, CIE Automotive, Tower International, Martinrea International.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Material
          4.3.2. Market Attractiveness Analysis By Manufacturing Process
          4.3.3. Market Attractiveness Analysis By Structure
          4.3.4. Market Attractiveness Analysis By Vehicle Type
          4.3.5. Market Attractiveness Analysis By Propulsion
          4.3.6. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Surge in the production of vehicle globally
          5.2.2. Demand for light weight vehicles to improve the overall vehicle mileage
    5.3. Restrains
          5.3.1. High material cost for light weight solutions
    5.4. Opportunities
          5.4.1. Advancements in manufacturing processes for high strength material and reduction in component weight
    5.5. Challenges
          5.5.1. High composite material practice could lead to inferior structural integrity

6. Global Body in White (BIW) Market Analysis and Forecast, By Material
    6.1. Segment Overview
    6.2. Aluminum
    6.3. Steel
          6.3.1. Advanced high strength steel
          6.3.2. Ultra high strength steel
          6.3.3. Others
    6.4. Composites
    6.5. CFRP
    6.6. Magnesium
    6.7. Other

7. Global Body in White (BIW) Market Analysis and Forecast, By Manufacturing Process
    7.1. Segment Overview
    7.2. Hot Stamping
    7.3. Cold Stamping
    7.4. Hydroforming
    7.5. Roll Forming
    7.6. Others

8. Global Body in White (BIW) Market Analysis and Forecast, By Structure
    8.1. Segment Overview
    8.2. Monocoque
    8.3. Frame Mounted

9. Global Body in White (BIW) Market Analysis and Forecast, By Vehicle Type
    9.1. Segment Overview
    9.2. Passenger
          9.2.1. Luxury Cars
          9.2.2. Non-Luxury Cars
    9.3. Commercial
          9.3.1. LCV
          9.3.2. M&HCV

10. Global Body in White (BIW) Market Analysis and Forecast, By Propulsion
    10.1. Segment Overview
    10.2. Gasoline
    10.3. Electric Powered

11. Global Body in White (BIW) Market Analysis and Forecast, By Regional Analysis
    11.1. Segment Overview
    11.2. North America
          11.2.1. U.S.
          11.2.2. Canada
          11.2.3. Mexico
    11.3. Europe
          11.3.1. Germany
          11.3.2. France
          11.3.3. U.K.
          11.3.4. Italy
          11.3.5. Spain
    11.4. Asia-Pacific
          11.4.1. Japan
          11.4.2. China
          11.4.3. India
    11.5. South America
          11.5.1. Brazil
    11.6. Middle East and Africa
          11.6.1. UAE
          11.6.2. South Africa

12. Global Body in White (BIW) Market-Competitive Landscape
    12.1. Overview
    12.2. Market Share of Key Players in Global Body in White (BIW) Market
          12.2.1. Global Company Market Share
          12.2.2. North America Company Market Share
          12.2.3. Europe Company Market Share
          12.2.4. APAC Company Market Share
    12.3. Competitive Situations and Trends
          12.3.1. Product Launches and Developments
          12.3.2. Partnerships, Collaborations, and Agreements
          12.3.3. Mergers & Acquisitions
          12.3.4. Expansions

13. Company Profiles
    13.1. Gestamp Automoción
          13.1.1. Business Overview
          13.1.2. Company Snapshot
          13.1.3. Company Market Share Analysis
          13.1.4. Company Product Portfolio
          13.1.5. Recent Developments
          13.1.6. SWOT Analysis
    13.2. Voestalpine Group
          13.2.1. Business Overview
          13.2.2. Company Snapshot
          13.2.3. Company Market Share Analysis
          13.2.4. Company Product Portfolio
          13.2.5. Recent Developments
          13.2.6. SWOT Analysis
    13.3. Magna
          13.3.1. Business Overview
          13.3.2. Company Snapshot
          13.3.3. Company Market Share Analysis
          13.3.4. Company Product Portfolio
          13.3.5. Recent Developments
          13.3.6. SWOT Analysis
    13.4. Benteler International
          13.4.1. Business Overview
          13.4.2. Company Snapshot
          13.4.3. Company Market Share Analysis
          13.4.4. Company Product Portfolio
          13.4.5. Recent Developments
          13.4.6. SWOT Analysis
    13.5. CIE Automotive
          13.5.1. Business Overview
          13.5.2. Company Snapshot
          13.5.3. Company Market Share Analysis
          13.5.4. Company Product Portfolio
          13.5.5. Recent Developments
          13.5.6. SWOT Analysis
    13.6. Tower International
          13.6.1. Business Overview
          13.6.2. Company Snapshot
          13.6.3. Company Market Share Analysis
          13.6.4. Company Product Portfolio
          13.6.5. Recent Developments
          13.6.6. SWOT Analysis
    13.7. Martinrea International
          13.7.1. Business Overview
          13.7.2. Company Snapshot
          13.7.3. Company Market Share Analysis
          13.7.4. Company Product Portfolio
          13.7.5. Recent Developments
          13.7.6. SWOT Analysis
    13.8. Aisin Seiki
          13.8.1. Business Overview
          13.8.2. Company Snapshot
          13.8.3. Company Market Share Analysis
          13.8.4. Company Product Portfolio
          13.8.5. Recent Developments
          13.8.6. SWOT Analysis
    13.9. Kirchhoff Automotive
          13.9.1. Business Overview
          13.9.2. Company Snapshot
          13.9.3. Company Market Share Analysis
          13.9.4. Company Product Portfolio
          13.9.5. Recent Developments
          13.9.6. SWOT Analysis
    13.10. Dura Automotive
          13.10.1. Business Overview
          13.10.2. Company Snapshot
          13.10.3. Company Market Share Analysis
          13.10.4. Company Product Portfolio
          13.10.5. Recent Developments
          13.10.6. SWOT Analysis
    13.11. Thyssenkrupp
          13.11.1. Business Overview
          13.11.2. Company Snapshot
          13.11.3. Company Market Share Analysis
          13.11.4. Company Product Portfolio
          13.11.5. Recent Developments
          13.11.6. SWOT Analysis
    13.12. JBM Auto
          13.12.1. Business Overview
          13.12.2. Company Snapshot
          13.12.3. Company Market Share Analysis
          13.12.4. Company Product Portfolio
          13.12.5. Recent Developments
          13.12.6. SWOT Analysis

List of Table

1. Global Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

2. Global Aluminum Body in White (BIW)  Market, By Region, 2020 - 2033 (USD Billion)(Units)  

3. Global Steel Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units)  

4. Global Composites Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units)  

5. Global CFRP Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units)  

6. Global Magnesium Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units)  

7. Global Other Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units)  

8. Global Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

9. Global Hot Stamping Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units)  

10. Global Cold Stamping Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units) 

11. Global Hydroforming Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units) 

12. Global Roll Forming Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units)

13. Global Others Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units)

14. Global Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

15. Global Monocoque Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units) 

16. Global Frame Mounteds Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units) 

17. Global Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

18. Global Passenger Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units) 

19. Global Commercial Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units) 

20. Global Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

21. Global Gasoline Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units) 

22. Global Electric Powered Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units) 

23. Global Body in White (BIW) Market, By Region, 2020 - 2033 (USD Billion)(Units)   

24. Global Body in White (BIW) Market, By North America, 2020 - 2033 (USD Billion)(Units)  

25. North America Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

26. North America Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

27. North America Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

28. North America Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units) 

29. North America Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units) 

30. U.S. Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

31. U.S. Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

32. U.S. Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

33. U.S. Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units) 

34. U.S. Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units) 

35. Canada Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

36. Canada Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

37. Canada Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

38. Canada Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

39. Canada Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

40. Mexico Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

41. Mexico Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

42. Mexico Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

43. Mexico Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

44. Mexico Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

45. Europe Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

46. Europe Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

47. Europe Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

48. Europe Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

49. Europe Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

50. Germany Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

51. Germany Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

52. Germany Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units) 

53. Germany Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units) 

54. Germany Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units) 

55. France Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

56. France Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

57. France Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

58. France Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

59. France Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

60. U.K. Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

61. U.K. Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

62. U.K. Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

63. U.K. Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

64. U.K. Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

65. Italy Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

66. Italy Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

67. Italy Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

68. Italy Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

69. Italy Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

70. Spain Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

71. Spain Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

72. Spain Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

73. Spain Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

74. Spain Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

75. Asia Pacific Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

76. Asia Pacific Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

77. Asia Pacific Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

78. Asia Pacific Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

79. Asia Pacific Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

80. Japan Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

81. Japan Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

82. Japan Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

83. Japan Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

84. Japan Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

85. China Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

86. China Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

87. China Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

88. China Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

89. China Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

90. India Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

91. India Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

92. India Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

93. India Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

94. India Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

95. South America Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

96. South America Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

97. South America Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

98. South America Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

99. South America Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

100. Brazil Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

101. Brazil Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

102. Brazil Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

103. Brazil Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

104. Brazil Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

105. Middle East and Africa Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

106. Middle East and Africa Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

107. Middle East and Africa Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

108. Middle East and Africa Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

109. Middle East and Africa Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units) 

110. UAE Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

111. UAE Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

112. UAE Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

113. UAE Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

114. UAE Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

115. South Africa Body in White (BIW) Market, By Material, 2020 - 2033 (USD Billion)(Units)  

116. South Africa Body in White (BIW) Market, By Manufacturing Process, 2020 - 2033 (USD Billion)(Units)  

117. South Africa Body in White (BIW) Market, By Structure, 2020 - 2033 (USD Billion)(Units)  

118. South Africa Body in White (BIW) Market, By Vehicle Type, 2020 - 2033 (USD Billion)(Units)  

119. South Africa Body in White (BIW) Market, By Propulsion, 2020 - 2033 (USD Billion)(Units)  

List of Figures 

1. Global Body in White (BIW) Market Segmentation

2. Body in White (BIW) Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Body in White (BIW) Market Attractiveness Analysis By Material

9. Global Body in White (BIW) Market Attractiveness Analysis By Manufacturing Process

10. Global Body in White (BIW) Market Attractiveness Analysis By Structure

11. Global Body in White (BIW) Market Attractiveness Analysis By Vehicle Type

12. Global Body in White (BIW) Market Attractiveness Analysis By Propulsion

13. Global Body in White (BIW) Market Attractiveness Analysis By Region

14. Global Body in White (BIW) Market: Dynamics

15. Global Body in White (BIW) Market Share by Material (2023 & 2033)

16. Global Body in White (BIW) Market Share by Manufacturing Process (2023 & 2033)

17. Global Body in White (BIW) Market Share By Structure (2023 & 2033)

18. Global Body in White (BIW) Market Share by Vehicle Type (2023 & 2033)

19. Global Body in White (BIW) Market Share by Propulsion (2023 & 2033)

20. Global Body in White (BIW) Market Share by Regions (2023 & 2033)

21. Global Body in White (BIW) Market Share by Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global body in white (BIW) market on the basis of below mentioned segments:

Global Body in White (BIW) market by Material:

  • Aluminum
  • Steel
    •   Advanced high strength steel
    •   Ultra high strength steel
    •   Others
  • Composites
  • CFRP
  • Magnesium
  • Other

Global Body in White (BIW) market by Manufacturing Process:

  • Hot Stamping
  • Cold Stamping
  • Hydroforming
  • Roll Forming
  • Others

Global Body in White (BIW) market by Structure:

  • Monocoque
  • Frame Mounted

Global Body in White (BIW) market by Vehicle Type:

  • Passenger
    •  Luxury Cars
    •  Non-Luxury Cars
  • Commercial
    •  LCV
    •  M&HCV

Global Body in White (BIW) market by Propulsion:

  • Gasoline
  • Electric Powered

Global Body in White (BIW) market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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