Automotive Body Panels Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
- Automotive Aftermarket
Automotive body panels are body parts of the vehicle that are made of conventional material such as steel, iron, magnesium, aluminum, and other materials. Automotive body panels are a primary and integral part of the vehicle, as they cover the vehicle. Automotive body panels are mounted on the chassis and engine of the vehicle and act as cover in order to protect the passengers against the elements. An automotive body panel includes the roof, bumper, hood, and doors.
Rise in demand for automotive body panels due to their extensive usage in vehicles, is expected to be a key factor driving the automotive body panels market during the forecast period. Increase in the production of automotive body panels with advance technology by reducing the weight and providing the light weight body panels, which reduces the weight of the vehicle and makes vehicle more efficient are also projected to boost the automotive body panels market during the forecast period. Automotive body panels offer several benefits such as reliability, ease of maintenance, and availability in any region. Lightweight body panels are changing the automotive body panels dynamic in the market, as they provide desired strength for the components with reduced weight. This is likely to provide lucrative opportunities to the automotive body panels market. Lightweight body panels are more expensive on account of the availability of raw material and strength. This is expected to hamper the growth of upgraded automotive body panel market during the forecast period.
The automotive body panels market can be segmented based on components, vehicle type, end-user, and region. Based on components, the automotive body panels market can be segregated into bumper, hood, door panels, roof, and others. The door panels segment accounts for a major share of the market, as compared to the others. The door panels segment is followed by the bumper segment, which is expected to expand at a significant growth rate during the forecast period.
In terms of vehicle type, the automotive body panels market can be segregated into passenger vehicles and commercial vehicles. The passenger vehicles segment can be further sub-segmented into hatchback cars, sedans, multi-purpose vehicles, and sport-utility vehicles. The commercial vehicles segment can be further split into lightweight commercial vehicles and heavy commercial vehicles.
Based on end-user, the automotive body panels market can be classified into original equipment manufacturers (OEMs) and aftermarket. The aftermarket segment holds a major share of the market, as compared to the OEMs segment. This is due to increase in accident ratio and maintenance.
In terms of geography, the automotive body panels market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and Rest of the World. Asia Pacific accounts for a major share of the global automotive body panels market, due to the high adoption rate and infrastructural developments, especially in China, India, Japan, and Korea. The automotive body panels market in Europe, especially in Germany, France, Italy, and the U.K., is also expected to expand due to rapid expansion in industrialization and technological advancements in the automotive production sector. The automotive body panels market is also expected to expand in North America due to the upgrade of existing infrastructure.
Key players operating in the global automotive body panels market include GORDON AUTO BODY PARTS CO., LTD., AUSTEM COMPANY LTD., Gestamp, Magna International Inc., KUANTE AUTO PARTS MANUFACTURE CO., LTD., and FLEX-N-GATE Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Automotive Aftermarket
Automotive AftermarketGlobal Automotive Aftermarket Fuel Additives Market Research Report 2017
Automotive AftermarketGlobal Automotive Aftermarket Market Size, Status and Forecast 2022
Automotive AftermarketAutomotive Aftermarket Global Industry Almanac-2017