The “Automotive BIW Market to 2025 by Material Type (Aluminum, Steel, Magnesium and CFRP), Component Position (Structural, Inner and Exposed), Component Types (Fenders, Closures, Shock Towers, A-Post/ B-Post and Others) and Body Structure (Frame Mounted Structure and Monocoque Structure) – Global Analysis and Forecast”. The scope of study involves understanding on the factors responsible for this growth of BIW market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant BIW players in the market and their key developments.

The BIW Market is US$ 88.7 billion in 2016 and is estimated to reach US$ 125.6 billion by 2025. The BIW market has experienced high growth and adoption rate in the last few years and is also expected to experience a significant growth and adoption rate in years to come. One of the major reasons for high adoption of BIW is the rise in the overall consumption with adoption of high cost material. Low emission standards across developing & developed economies are pushing the demand for lightweight vehicles. To further comply with stringent emissions and fuel economy standards vehicle manufacturers are focusing towards weight reduction and enhance propulsion efficiency of vehicles.

 

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The types of materials of BIW have been broadly categorized into following four categories as aluminum, steel, magnesium and CFRP. Five major geographical regions considered within the scope of this market are North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

Some of the major players influencing BIW market are Gestamp Servicios, Magna International Inc. and Benteler International AG. Also, ThyssenKrupp Systems Engineering, Hyundai Rotem Company, and AIDA Global are other key companies in the BIW market. Many companies are investing in various initiatives such as expansion and acquisition to get the competitive advantage over their competitors and stay ahead in the market.

 

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