The increasing popularity of electric and autonomous vehicles is boosting the growth of the Car Body-in-White Market in the Asia Pacific region. The use of electric vehicles has been growing rapidly in the region due to the government’s initiatives to reduce air pollution, and the increasing awareness among consumers about the benefits of electric vehicles. Electric vehicles require lightweight and strong materials, which is a major demand for Car Body-in-White parts. The demand for Car Body-in-White parts for electric vehicles is expected to increase as the sales of electric vehicles increase.

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On the other hand, autonomous vehicles are also expected to drive the growth of the Car Body-in-White Market in the Asia Pacific region. The increasing adoption of autonomous vehicles is expected to lead to an increase in demand for advanced sensors, cameras, and computing systems, which are essential components of autonomous vehicles. The demand for Car Body-in-White parts for autonomous vehicles is expected to increase as the production of autonomous vehicles increases.

In conclusion, the increasing popularity of electric and autonomous vehicles is driving the growth of the Car Body-in-White Market in the Asia Pacific region. The demand for Car Body-in-White parts for electric vehicles is expected to increase, and the demand for Car Body-in-White parts for autonomous vehicles is also expected to increase as the production of these vehicles increases.

FIG. 1 APAC Car Body-in-White Market Revenue (2020-2030)- USD Mn

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Based on car type, the market is segmented into compact, mid-size, luxury, and SUV. Amongst these, the compact segment of the BIW market has a significant share for several reasons. First, compact cars are highly popular among consumers due to their fuel efficiency, affordability, and compact size. This has led to an increase in demand for compact cars, which in turn has led to an increase in the production of BIW for these vehicles. Second, the compact segment of the BIW market is highly competitive, with several companies producing similar products. This has led to a focus on cost-cutting and efficiency to gain a competitive edge. Compact cars are easier and cheaper to produce than larger vehicles, which has made them a preferred choice for manufacturers looking to reduce costs.

By category, the market is segmented into body structure, body components, and chassis. Among these, the body structure segment of the Car Body-in-White (BIW) market has a significant share due to several reasons. One of the main reasons for the significant share of the body structure segment is the stringent regulations imposed by governments around the world regarding car safety. Car manufacturers are required to ensure that their vehicles meet certain safety standards, which has led to an increased focus on the production of high-quality body structures that can withstand crashes and provide adequate protection to the occupants. Another reason for the significant share of the body structure segment is the increasing demand for electric vehicles (EVs).

Global Car Body-in-White Market Segmentation

Market Insight, by Car Type

• Compact

• Mid-Size

• Luxury

• SUV

Market Insights, by Category

  • Body Structure
  • Body Components
  • Chassis

Market Insight, by Region

  • North America U.S.
  •  Canada
  •  Rest of North America
  • EuropeGermany
  • UK
  • Italy
  • France
  • Rest of Europe
  • APACChina
  • Japan
  • India
  • Rest of APAC
  • Rest of the World

Top Company Profiles

  • AISIN CORPORATION
  • FUTABA INDUSTRIAL CO., LTD.
  • Multimatic Inc.
  • Metalsa.
  • DURA | SHILOH
  • CIE Automotive
  • BENTELER International AG
  • JBM Group
  • thyssenkrupp AG
  • KIRCHHOFF Automotive GmbH