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(Transportation-News.com, December 15, 2017 ) The Asia Pacific automotive BIW component market is projected to grow at a CAGR of 4.8% during the forecast period 2016-2025, to reach US$ 77.59 Bn by 2025.
Asia Pacific includes countries such as India, China, Japan, and South Korea. This region accounted for over 58% of the global
Automotive Body-in-white Components component market owing to the presence of prominent vehicle manufacturing countries such as China, japan and South Korea. Production of passenger cars in China grew at around 15% over the previous year. Major global OEMs are in a bid to open manufacturing facilities in India and China owing to the availability of cheap labor, raw materials, and favorable government regulations. Price of raw material to produce different materials such as steel, aluminum, magnesium is much minor than other regions of the world. This has welcomed OEMs around the world to set up their manufacturing unit in the Asia Pacific region.
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Global Automotive Body-in-white Components Market Players:
Santec Group,
Hyundai Rotem,
Orchid International and Schuler group
Frame mounted body structure holds the prime market share in this region owing to the production of low budget intensive SUVs for the Asian market. The demand for Automotive Body-in-white Components components is expected to increase during the forecast period in arrears to the increase in the production of vehicle over the forecast period. Asia Pacific region is expected to display less outsourcing of Automotive Body-in-white Components surface components than the other regions of the world due to vertical integration of Chinese, Japanese, Korean and Indian OEMs. On the other hand, chassis components are outsourced at a rate at par with the global scenario.
Complete Report is Available at www.reportsweb.com/automotive-body-in-white-components-ma...
The report segments the global Automotive Body-in-White Component market as follows:
Global Automotive Body-in-White Component Market – By Material Type
Aluminum
Steel
Magnesium
CFRP
Global Automotive Body-in-White Component Market – By Component Position
Structural
Inner
Exposed
Global Automotive Body-in-White Component Market – Component Types
Fenders
Closures
Shock Towers
A-Post/ B-Post
Others
Global Automotive Body-in-White Component Market – Body Structure
Frame Mounted Structure
Monocoque Structure
Global Automotive Body-in-White Component Market – By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
U.K
Asia Pacific (APAC)
Japan
China
India
Australia
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
South America (SAM)
Brazil
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