Frequently Asked Questions
In 2022, the worldwide automobile body-in-white market was estimated to be worth USD 79.5 billion.
The automobile body-in-white market is estimated to increase at a 2.50% CAGR between 2023 and 2030, reaching USD 94.5 billion in 2030.
Steel is expected to be the industry’s largest category, accounting for around 37.2% of the market in 2022.
The passenger automobile industry topped the global market.
Electric vehicles are predicted to have the greatest CAGR of 5.12% during the projection period.
With a market share of roughly 31.44% in 2022, the Asia Pacific region held the largest market share for body in white.
The top players include Thyssenkrupp AG, Tata Steel Limited, Kuka AG and TECOSIM Group. Other major players include Aisin Seiki Co. Limited, Dura Automotive Systems, Tower International and CIE Automotive.
The increased global car production, rising interest in lightweight vehicles, and increased emphasis on vehicle safety are the major market drivers.
Lightweight systems have significant material costs, and government regulations are strict are the major market restraints.
Growing Interest in Electric Vehicles and Manufacturing Technological Advances are the major opportunities in the automotive body-in-white industry.