About Automotive Body Reinforcement Parts
Automotive Body Reinforcement Parts improve the stiffness in the car parts, which includes the major parts such as, the engine, fuel system, exhaust system, cooling system lubrication system, electrical system, and transmission. The engine which used in the automobile as an internal combustion engine with transmission systems and auxiliaries system. The main aim to improve the crash performance or the stiffness of the car body, by adding a structural component that creates a rigid assembly with panels or eventual support. It is a contribution to reducing the weight of vehicle and also avoid the creation of vibrations and noise and fatigue cracks in the structure.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Automotive Body Reinforcement Parts market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Futaba Industrial (Japan), Tower International (United States), Changchun FAWAY (China), Dura Automotive Systems (United States), Dana Incorporated (United States), Tenneco (United States), BorgWarner (United States), American Axle (United States) and SAIC Motor (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pacific Industria (Janan), Tata AutoComp Systems (India) and BENTELER (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Body Reinforcement Parts market by Type (Hatchback, Sedan, Coupe, Convertible and Others), Application (Commercial car and Passenger car) and Region.
On the basis of geography, the market of Automotive Body Reinforcement Parts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Steel Plate will boost the Automotive Body Reinforcement Parts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Technological Advancements in Automotive Body Reinforcement Parts and The emergence of Next-Generation Vehicles
Market Growth Drivers:
Growing Popularity of the Autonomous cars across the globe due to its Driving Performance and Rising Demand of Automotive Vehicles
Challenges:
Lack of stiffness and maintenance of automotive Body Reinforcement Parts
Restraints:
Lack of Regulatory Guidelines
Opportunities:
Rising Opportunity in the Automobile Industry and Future Potential Market in Developing Countries
Market Leaders and their expansionary development strategies
In August 2022, Minda Corporation Limited has announced that it has initiated acquisition of several Tier1 and OEMs in the internal combustion engine and electric vehicles space in United States, Africa, and Europe for developing business for high pressure die cast parts which includes aluminium HPDC parts as well.
On 25th February 2021, BASF is expanding its polyphthalamide (PPA) portfolio of Ultramadrid advancement in the carbon-fiber-reinforced grades. Benefits which comes from the material's extremely lightweight parts, safely replacing the aluminum and magnesium part without loss in the stiffness and electrically conductive. New carbon-fiber-reinforced grades can use as the manufacturer of automotive structural parts of the body, chassis and powertrain. Increasing performance of the carbon-fiber-reinforced PPA grades tuned by the by additive technology.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Automotive Body Reinforcement Parts Manufacturers, Automotive Body Reinforcement Parts Suppliers & Distributors and Government Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.