Body in White (BIW) Market size was valued at US$ 74.53 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 2.05% through 2021 to 2027, reaching nearly US$ 85.91 Bn.
Body in White (BIW) Market – Key Drivers, Opportunities, Product Benchmarking, Along with Key Industry Players and Latest Acquisitions and Mergers.
The market for Body in White (BIW) is anticipated to increase at a CAGR of 9.1% from US$ 1.15 Bn in 2021 to US$ 1.15 Bn in 2029. A report on Body in White (BIW) Market has been released by Maximize Market Research, a leading global provider of data and analysis on the regional and global aerospace and defence industry. The analysis provides market sizes by region and estimates through 2029 in addition to other essential business data.
The Report examines a wide range of market and industry-related topics. Product launches, corporate growth, alliances, joint ventures, and acquisitions are a few examples of marketing strategies. Every essential aspect of market research relevant to the industry landscape has been taken into account in the preparation of this study. This market research report also covers the key business trends, challenges, and opportunities. Maximize Market Research, a global business consultancy for the aerospace and defence sector, recently published a report on the competitive landscape and market intelligence for the Body in White (BIW) Market. An expert with 18 years of experience looked at the market from both a domestic and international viewpoint using both primary and secondary data.
Market Overview:
By conducting a detailed statistical analysis of current and emerging trends, the fundamentals of the Body in White (BIW) Market may be better understood. In order to assess the importance of a number of aspects, including threats posed by diverse agents, competitive strength, and the understanding of a resource by aspirant young enterprises, the study examines Porter's five forces. The study looked at each country at the micro level in order to estimate the total market size by countries and market categories. With the use of a method known as "bottom-up" forecasting, the size of the regional and global markets is determined. A micro level analysis of each country can be used to determine how much the underground market contributes to the growth of the bigger market. The findings were substantiated by interviews with well-known local company owners. Data used in secondary research comes from both commercial and open-access sources, and it is then analysed. The sources for consumption by category and supply by each player in each country are actual government figures, commercial databases, and annual reports for publicly traded corporations.
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Market Segmentation:
As governments become more focused on non-renewable energy resources due to extreme climatic change, which has resulted in global warming, the need for environmentally friendly technologies and products is growing. The automobile industry is concentrating on innovation and technologies for vehicles with non-fossil fuel primary propulsion systems. For example, the European Regional Development Fund (ERDF)-funded Low Carbon Vehicle Technology Project (LCVTP) has taken steps to minimize fuel consumption and save renewable energy resources, presenting various attractive chances for the body-in-white market's important participants. Designing a lightweight Body-In-White (BIW) specifically designed to suit the drive train and general packaging needs of a Hybrid Electric Vehicle was part of the project (HEV). An approach called has been used to examine prospects for optimising the new lightweight vehicle architecture.
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Regional Analysis:
The report's analysis of the Body in White (BIW) Market looks at cost structures, market share, the supply networks of the producers, and the laws and regulations in force at the time. Examining the regional markets for the Body in White (BIW) Market is made possible by comparing the cost of locally produced goods to the profit made.
Market Key players:
• KIRCHHOFF Automotive
• Dura Automotive
• Gestamp Automicion SA
• ArcelorMittal
• ThyssenKrupp Systems Engineering
• Hyundai Rotem Company
• AIDA Engineering Ltd.
• BENTELER International AG
• Eagle Press & Equipment Co.
• Roland Berger
• Norsk Hydro ASA
Reasons to buy:
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Dec 05, 2022
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