Global Body in White (BIW) Market Growth 2023-2029

Global Body in White (BIW) Market Growth 2023-2029

Body in white or BIW refers to the stage in automobile manufacturing in which a car body's components have been joined together, using one or a combination of different techniques: welding (spot, MIG/MAG), riveting, clinching, bonding, laser brazing etc. BIW is termed before painting & before the engine, chassis sub-assemblies, or trim (glass, door locks/handles, seats, upholstery, electronics, etc.) have been assembled in the frame structure.

LPI (LP Information)' newest research report, the “Body in White (BIW) Industry Forecast” looks at past sales and reviews total world Body in White (BIW) sales in 2022, providing a comprehensive analysis by region and market sector of projected Body in White (BIW) sales for 2023 through 2029. With Body in White (BIW) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Body in White (BIW) industry.

This Insight Report provides a comprehensive analysis of the global Body in White (BIW) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Body in White (BIW) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Body in White (BIW) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Body in White (BIW) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Body in White (BIW).

The global Body in White (BIW) market size is projected to grow from US$ 76300 million in 2022 to US$ 86540 million in 2029; it is expected to grow at a CAGR of 86540 from 2023 to 2029.

The global body in white market for automotive is projected to reach USD 90.5 billion by 2027 from an estimated value of USD 77.0 billion in 2019, growing at a CAGR of 2.0% during the forecast period. Increasing global vehicle production of passenger cars, electric vehicles, light commercial vehicles and medium & heavy commercial vehicles along with a reduction in the vehicle weight to meet the fuel economy and emission standards are expected to boost the market. However, the high cost of manufacturing methods is considered as a restraining factor for the growth in the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Body in White (BIW) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Cold Stamping
Hot Stamping
Roll Forming
Other Methods

Segmentation by application
Passenger Cars
Light Commercial Vehicles
Medium & Heavy Commercial Vehicles
Electric Vehicles (BEV passenger cars)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Gestamp Automocion (Spain)
Voestalpine Group (Austria)
Magna (Canada)
Benteler International (Austria)
CIE Automotive (Spain)
Tower International (US)
Martinrea International (Canada)
Aisin Seiki (Japan)
Kirchhoff Automotive (Germany)
Dura Automotive (US)
Thyssenkrupp (Germany)
JBM Auto (India)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Body in White (BIW) market?

What factors are driving Body in White (BIW) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Body in White (BIW) market opportunities vary by end market size?

How does Body in White (BIW) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.