What is Automotive Body Reinforcement Parts Market?
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.
|Unit||Value (USD Million)|
|Key Companies Profiled||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)|
The market study is being classified by Type (Hatchback, Sedan, Coupe, Convertible and Others), by Application (Commercial car and Passenger car) and major geographies with country level break-up.
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Automotive Body Reinforcement Parts market throughout the forecasted period. 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 profiled in the study. Additionally, the Players which are also part of the research are Pacific Industria (Janan), Tata AutoComp Systems (India) and BENTELER (Germany).
Analyst at AMA Research have segmented the market study of Global Automotive Body Reinforcement Parts market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Popularity of the Autonomous cars across the globe due to its Driving Performance
- Rising Demand of Automotive Vehicles
- Increased Technological Advancements in Automotive Body Reinforcement Parts
- The emergence of Next-Generation Vehicles
- Lack of Regulatory Guidelines
- Rising Opportunity in the Automobile Industry
- Future Potential Market in Developing Countries
- Lack of stiffness and maintenance of automotive Body Reinforcement Parts
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 AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Automotive Body Reinforcement Parts Manufacturers, Automotive Body Reinforcement Parts Suppliers & Distributors and Government Bodies
Frequently Asked Questions (FAQ):
Which factors would majorly drive the Automotive Body Reinforcement Parts Market?
"Growing Popularity of the Autonomous cars across the globe due to its Driving Performance
" is seen as one of major growth factors of Automotive Body Reinforcement Parts Market in years to come.
Can we have customized study for Automotive Body Reinforcement Parts Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
Which region will lead the Global Automotive Body Reinforcement Parts Market?
United States will lead Automotive Body Reinforcement Parts Market in coming years.
Why are some of the known companies left out of the Automotive Body Reinforcement Parts Market report?
The Automotive Body Reinforcement Parts market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete of companies available in our research coverage.