Car Body-In-White Global Market Report 2024

The car body-in-white market size has grown steadily in recent years. It will grow from $74.47 billion in 2023 to $77.42 billion in 2024 at a compound annual growth rate (CAGR) of 4%. The growth observed in the historical period can be attributed to the growth of the automotive industry, adherence to stringent safety and emission standards, the emphasis on lightweighting for fuel efficiency, consumer demand for advanced safety features, and the globalization of automotive manufacturing.

The car body-in-white market size is expected to see steady growth in the next few years. It will grow to $87.66 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. The anticipated growth in the forecast period can be attributed to the electric vehicle (EV) revolution, the development of autonomous vehicles, the adoption of sustainable manufacturing practices, a global regulatory push for vehicle safety, and trends in customization and personalization. Major trends expected in the forecast period include increased adoption of advanced high-strength materials, a growing integration of mixed material solutions, a focus on multi-material joining technologies, advancements in lightweighting strategies, and the integration of smart manufacturing technologies.

The anticipated growth of the car body-in-white market is driven by the increasing production of vehicles. Vehicle production, involving the mass production of identical models for public sale and road use, relies significantly on the car body-in-white - an integral and complex component crucial for ensuring vehicle safety, durability, and overall performance. Notably, in August 2023, total automotive production in the United States rose to 11.87 million units, marking an increase from 10.91 million units in June 2023. Globally, around 85.4 million motor vehicles were produced in 2022, representing a 5.7% rise compared to the previous year. This surge in vehicle production is a key driver behind the growth of the car body-in-white market.

The growing emphasis on fuel efficiency is expected to fuel the expansion of the car body-in-white market. Fuel efficiency, denoting the ratio of distance traveled to fuel consumption, is positively influenced by an optimized car body-in-white design. Such designs can enhance aerodynamic efficiency by minimizing air resistance, leading to improved fuel economy and reduced energy consumption to overcome air drag. For example, in December 2023, global average CO2 emissions for new vehicles decreased, and fuel economy increased, indicating a global shift towards more fuel-efficient vehicles. This heightened demand for fuel efficiency contributes to the growth of the car body-in-white market.

The high cost associated with lightweight materials poses a potential constraint on the car body-in-white market. While the use of lightweight materials such as aluminum and carbon fiber in car body construction can significantly reduce vehicle weight and enhance fuel efficiency, the expenses associated with these materials are considerable. Carbon fiber composites and aluminum matrix composites, though effective in reducing vehicle weight, come with a high price tag. This cost factor acts as a restraint on the car body-in-white market.

Leading companies in the car body-in-white market are responding to market challenges by focusing on innovation to maintain a competitive edge. The introduction of innovative body welding solutions is a testament to this approach, offering advanced welding processes with enhanced efficiency, precision, and flexibility. For instance, Comau, an Italian company specializing in industrial automation, granted flexibility to Hycan electric vehicles through its innovative Body Welding solution, improving the welding process for the Body in White (BIW) of electric vehicles. This solution is part of Comau's comprehensive portfolio catering to various aspects of vehicle assembly.

In March 2021, KPS Capital Partners acquired the global aluminum rolling business from Norsk Hydro ASA for $1.67 billion (€1.38 billion). This acquisition positions KPS Capital Partners as a key player in the aluminum rolling industry, strengthening its global presence. Norsk Hydro ASA, a Norwegian aluminum manufacturing company, specializes in producing aluminum strips and sheets for commercial vehicles, including body-in-white applications such as car bonnets and roofs.

Major companies operating in the car body-in-white market report are Volkswagen Group, Toyota Motor Corporation, Stellantis NV, Ford Motor Company, General Motors Company, Bayerische Motoren Werke (BMW) AG, Honda Motor Co. Ltd., Hyundai Motor Company, ArcelorMittal S.A, Nissan Motor Co. Ltd., Volvo Group, Thyssenkrupp AG, Magna International Inc., Aisin Seiki Co. Limited, Tata Steel Limited, ABB Corporation, Mahindra & Mahindra Limited, Henkel Adhesive Technologies, Sika Automotive AG, Gestamp Automocion SA, Benteler International AG, CIE Automotive, Martinrea International, Kirchhoff Automotive GmbH, Multimatic Inc., GEDIA Automotive Group, EDAG Engineering GmbH, Autokiniton Global Group LP, JBM Auto Limited, TECOSIM Group.

Europe was the largest region in the car body-in-white market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the car body-in-white market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the car body-in-white market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The term 'car body in white' refers to the stage in automotive manufacturing when the basic metal structure of the car is assembled, but before painting and prior to the integration of the motor, chassis subassemblies, or trim into the structure. At this stage, the car body provides the structural integrity and rigidity necessary to support the weight of the vehicle and withstand various stresses, including impacts and collisions.

The main categories encompassed in the car body-in-white are body structure, body components, and chassis. The body structure constitutes the primary supporting framework of a vehicle, to which all other components are affixed. These structures are utilized in the production of various types of cars, including compact, mid-size, luxury, and sport utility vehicles (SUVs), featuring different constructions such as monocoque and frame-mounted oil. The materials used in these structures include steel, aluminum, magnesium, and carbon-fiber-reinforced polymers (CFRP).

The car body-in-white market research report is one of a series of new reports that provides car body-in-white market statistics, including car body-in-white industry global market size, regional shares, competitors with a car body-in-white market share, detailed car body-in-white market segments, market trends and opportunities, and any further data you may need to thrive in the car body-in-white industry. This car body-in-white market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The car body-in-white market consists of revenues earned by entities by providing assembly, inspection, fuel efficiency and battery endurance. The market value includes the value of related goods sold by the service provider or included within the service offering. The car body-in-white market also includes sales of metal sheets, seats, dashboards, and exterior panels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.