Global Body in White Market to Reach $105.2 Billion by 2030
The global market for Body in White estimated at US$85 Billion in the year 2023, is expected to reach US$105.2 Billion by 2030, growing at a CAGR of 3.1% over the period 2023-2030. Monocoque Construction, one of the segments analyzed in the report, is expected to record 2.9% CAGR and reach US$62 Billion by the end of the analysis period. Growth in the Frame Mounted Construction segment is estimated at 3.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $25.5 Billion, While China is Forecast to Grow at 2.7% CAGR
The Body in White market in the U.S. is estimated at US$25.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.2 Billion by the year 2030 trailing a CAGR of 2.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 2.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook