Overall growth of the automobile sector especially in the commercial vehicles, increasing demand for fuel efficient vehicles, and stringent regulations around carbon emission will drive the market at a high CAGR during the forecast period.

According to the current analysis of Reports and Data, The global body in white (BIW) market was valued at USD 78.48 Billion in 2020 and is expected to reach USD 91.70 Billion by year 2028, at a CAGR of 1.90% CAGR during the forecast period (from 2018 – 2028). The major drivers of the growths are – robust growth in commercial car production globally, increasing usage of high cost material, reduction in the vehicle weight to reduce the fuel economy and meet the emission standards; however, the market is expected to face headwind due to the high cost of manufacturing methods is considered as a restraining factor for the growth in the market.

Body in white (BIW) refers to the stage in automotive manufacturing in which the body component of sheet metal of an vehicle have been welded/ joined together. In other words, body in white (BIW) is the frame structure of the vehicle before painting and assembly of chassis, engine, seat, glass, hood, doors, and other such sub-assemblies.

 The growth in revenue is primarily attributed to factors such as the increasing penetration of mobile devices, such as smartphones, tablets, and smartwatches, increased affordability and accessibility of the Internet for people worldwide, and rapid digitalization across various industrial sectors. Other factors such as rapid adoption of emerging technologies, such as AI, machine learning, big data analytics, IoT, and cloud computing, the emergence of the 5G technology, rising demand for advanced Wi-Fi systems, increasing need for faster internet services, and growing concerns about user data safety and privacy are also expected to contribute to the global market revenue growth.

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The global market is further segmented into type and application:

Body in White by Material (Revenue, USD Million; 2018–2028)

  • Aluminium
  • Steel
    • Advanced high strength steel
    • Ultra high strength steel
    • Others
  • Composites
  • CFRP (Carbon fiber reinforced polymer)
  • Magnesium
  • Other

Body in White by Manufacturing Process (Revenue, USD Million; 2018–2028)

  • Hot Stamping
  • Cold Stamping
  • Hydroforming
  • Roll Forming
  • Others

Body in White by Structure (Revenue, USD Million; 2018–2028)

  • Monocoque
  • Frame Mounted

Body in White by Propulsion Type (Revenue, USD Million; 2018–2028)

  • Gasoline Powered
  • Electric Vehicle

Body in White by Vehicle Type (Revenue, USD Million; 2018–2028)

  • Passenger vehicles
    • Luxury Cars
    • Non-Luxury Cars
  • Commercial vehicles
    • LCV
    • M&HCV

 Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further key findings from the report suggest-

·       Automobile manufacturers are more focusing on upgrading their services to accommodate advanced materials which are high in cost and require diverse manufacturing process and production techniques like roll forming, hot stamping, and other methods

·       The commonly used metallic materials of body in white (BIW) structural components are getting replaced by lightweight materials such as light weight steel, fiber reinforced plastics, and alloys of aluminium and magnesium for all types of vehicles, ranging from commercial trucks to passenger vehicles

·       The main driving force behind this advancement is the increasing demand for fuel economy along with meeting the stringent emission regulations, safety and crashworthiness legislations.

·       Steel is majorly used material for body in white (BIW) component production and it held for the largest share in the global body-in-white component market in 2018.

·       By material type, Aluminium sub-segment of automotive body-in-white component market is expected to gain dominant during the forecast period due to its low cost and higher strength of the material. However, steel may not be used in its conventional form but is widely used under several grades categorised based on the strength of the material.

·       Improving sales of electric vehicle is another major driver for the body in white (BIW) revenue growth, as electric vehicles require lightweight solutions in the form of material as well as manufacturing methods to achieve higher battery efficeincy.

·       Majority of the body in white (BIW) component manufacturers have proposed new lightweight solutions for their customers, which are in line with the safety standard of the electric vehicles manufacturers

·       Growing demand for light weight vehicles to improve the overall vehicle mileage is expected to fuel the body in white (BIW) market. Further, considering the historical trends and anti-corrosion and light weight functionalities, it is expected that aluminum cast metal will be the major revenue generator in the body in white (BIW) market in the near future.

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