TOYODA IRON WORKS

Sep 21, 2023

Companies Covered  KIRCHHOFF Automotive GmbH, Gestamp Automoción, S.A., ThyssenKrupp AG, Autokiniton Global Group, LP, Magna International Inc., Martinrea International Inc., JBM Group, Benteler International, CIE Automotive, Dura Automotive Systems, Shiloh Industries, H-one Co., Ltd., Toyoda Iron Works Co. Ltd., Unipres Corporation, Metalsa SA de CV, Multimatic Inc., Astea Co., Ltd., AK Automotive d.o.o., Futaba Industrial Co., Ltd., Aisin Corporation Key Takeaways from the Market Study As of 2022, the car body-in-white market was valued at US$ 72.5 billion. Based on car type, the compact segment dominated the global car body-in-white market, as the popularity of these vehicles is increasing. Based on category, the body structure segment dominated the global car body-in-white market in 2020. It is anticipated to maintain its dominance during the forecast period. Car Body-in-White Market: Key Trends and Opportunistic Frontiers The increasing adoption of advanced materials such as high-strength steel, aluminum, composites, and carbon fiber-reinforced plastics in body-in-white construction allows for weight reduction and improved structural integrity. The expansion of automotive manufacturing into emerging markets has increased demand for car body-in-white structures. Automakers are establishing production facilities in regions with lower labor costs, driving market growth. The growing integration of advanced manufacturing technologies, including automation, robotics, and digital design tools, has improved the efficiency and precision of car body-in-white production processes The market players are spending on research and development to increase vehicle fuel efficiency by lowering vehicle weight with lightweight materials, which is expected to boost market growth BUY NOW (Customized Report Delivered as per Your Specific Requirement): https://www.transparencymarketresearch.com/checkout.php?rep_id=83675&ltype=S Car Body-in-White Market – Regional Analysis North America is expected drive the to car body-in-white market during the forecast period. The growing automotive industry and production of a wide range of vehicles, including trucks, SUVs, and passenger cars. The market for Car BIW is influenced by consumer preferences for larger vehicles and stricter safety and emission regulations. Asia Pacific held a prominent share of the global car body-in-white market in 2020 due to the high production of cars in countries such as China, India, Japan, and South Korea. The Car body-in-white market is characterized by the rapid growth of EV production and increasing demand for lightweight materials. Competitive Landscape The leading players are focusing on technical advancements and enhancing the production processes. To increase their reach and worldwide visibility, several firms are now forming strategic alliances with top automobile OEMs and tier 1 suppliers. Key players operating in the global car body-in-white market are KIRCHHOFF Automotive GmbH Unipres Corporation Key Developments in the Car Body-in-White Market In May 2023 BENTELER officially inaugurated a new production building with four bays at its Schwandorf site. The plant extension began in the summer of 2022. This is the third expansion within just a few years. Toyota has a strong focus on sustainable BIW manufacturing and has integrated advanced materials like high-strength steel and aluminum in their vehicle structures. They are also leaders in hybrid and electric vehicle BIW design. General Motors has worked on lightweighting initiatives and advanced joining technologies, such as aluminum-intensive BIW structures for vehicles like the Chevrolet Silverado and GMC Sierra trucks. Partial Table of Content (ToC): 1. Executive Summary     1.2. TMR Analysis and Recommendations 2. Market Overview About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports. Contact: