The automotive industry is presently moving into the age of renewable powered automobiles from historic steam powered automobiles due to increasing technological advancements. Automobiles are generally four-wheeled vehicles that are utilized either for passenger transportation or for movement of goods, primarily propelled by a gasoline- or diesel-powered internal combustion engine. Currently, an automobile has become a complex and complicated technical system, which employs several sub-systems of specific designs and functions. Some of these automobiles contain numerous components, which have evolved through significant breakthroughs in existing technology or are new technologies such as high strength plastics, newer alloys of steel and other metals, computer assistance, and global positioning systems (GPS). Some of these sub-systems have been incorporated in automobiles either for safety or environmental purposes. One such sub-system is body in white (BIW), which forms the body structure of any automobile.

Body in white refers to the phase in automotive manufacturing in which the sheet metal body components of an automobile have been welded together. In other words, body in white is the frame structure of the automobile before painting and assembly of engine, chassis, glass, seat, doors, hood, and other such sub-assemblies.

Based on material type, the body in white market can be segmented into aluminum, steel, magnesium, and composites. The common metallic materials of body in white structural components are getting replaced by lightweight materials such as fiber reinforced plastics, light weight steels, and magnesium and aluminum alloys for all categories of vehicles, ranging from passenger cars to commercial trucks. The primary driving force behind this development is the rising demand for fuel economy along with emission regulations, crashworthiness, and safety legislations.

Based on manufacturing process, the body in white market can be classified into hot stamping, cold stamping, and hydroforming process. Hot stamping is a combination of conventional hot forging and cold stamping technology. In hot stamping process, the stamping of steel happens under high temperature, along with the forming and quenching process in die. The hot stamping process segment is expected to gain market share in the global body in white market during the forecast period.

Based on structure type, the body in white market can be segregated into monocoque and body-on-frame. In monocoque, all the body members are load carrying and are integrated with each other. In this type of structure, the chassis is in-built with the body in white and does not exist separately. Here, wheels are mounted directly on the body in white with the support from the suspension system. This type of structure is majorly utilized in all types of passenger cars and in some utility vehicles. While body-on-frame structure is generally employed for utility vehicles, buses, and trucks. In this type of structure, the body is mounted on a chassis or frame, which, unlike in monocoque, is not in-built with the body in white, and the wheels are also mounted on the chassis instead of body.

In terms of application, the body in white market can be divided into passenger vehicles, light commercial vehicles, and heavy commercial vehicles.

Based on region, the global body in white market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is predicted to lead the global body in white market during the forecast period. This is due to the region being an automotive hub along with increasing production of automobiles in the region. North America is expected to follow the lead of Asia Pacific in terms of market share in the global body in white market.

Key players operating in the global body in white market include ArcelorMittal, Roland Berger, ThyssenKrupp System Engineering GmbH, Gestamp, Norsk Hydro ASA, Magna International Inc., and AISIN SEIKI Co., Ltd. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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