Automotive Active Body Panel Market Major Regions, Top Leading Players, Future Scenario and Forecast by 2030
Research Reports
Apr 12, 2022
Automotive Active Body Panels Market Synopsis
According to MRFR, the Global Automotive Active Body Panels Market has seen remarkable growth and is likely to rise at a CAGR of 4%.
Market Highlights
Increased number of road accidents will be the main driving force throughout the forecast period ensuring high demand for active body bench. In addition , increasing vehicle production and sales will increase demand for active vehicle body panels. Improvements in material quality and emerging technology are the main factors that would improve global demand in the market for the automotive active body panel. According to the Population Reference Bureau, road traffic injuries and an estimated 1.2 million road collision fatalities are the main causes of injury death, per year. If the scenario continues it is predicted that road accidents will become the third leading contribution to injuries by 2020. In addition, accidents damage the body parts and increase the demand for changes to damaged parts such as an active body panel. Growing developments in the material technology and product and service growth will create opportunities in the global market. In addition , rising electric vehicle sales will lead to the production of new and improved active body panels by storing additional energy for vehicle driving. During the forecast period, the increase in demand for automotive active body panels is expected to bring about improvements in material quality and new technologies by the manufacturers on the global market.
However, due to fewer competitors on the global market, the global automotive active body panel market is highly concentrated. In addition, there are few players in the automotive active body panel on the market, which would reduce the production volume of components, hampering the overall growth of the global car active body panel market.
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Competitive Leader board:
Leading players in the Global Automotive Active Body Panels Market include Porsche AG, Volvo Cars, Nissan Motor Company Ltd., Honda Motor Company Ltd., Ford Motor Company, Daimler AG, and General Motors.
Regional Outlook
The global automotive active body panel market was geographically segmented into the four major regions of Europe , North America, Asia-Pacific and the rest of the world.
In Europe, there were high sales of luxury passenger cars along with the existence of top manufacturers such as Volkswagen Group, which further boost sales for the active body panel in the automotive sector. In North America, awareness about changing components of vehicles will drive the growth of the active body panel of automobiles.
Asia-Pacific will dominate the market, both in terms of value and volume, and Europe will follow. In Asia-Pacific, aftermarket growth has been steady, which boosts the revenue market share for the automotive active body panels. The presence of China , India , Japan, South Korea , and Thailand where a continuous rise in demand for the vehicle’s automotive active body panel will further enhance the global market size. Increasing disposable per capita income and increasing purchasing power will enhance Asia-Pacific revenue market share.
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Segmentation:
The global automotive active body panels market is segmented on the basis of type, application, end market, vehicle type, and region.
By type, the global Automotive Active Body Panels Market trends is segmented into traditional body panels and energy-storing body panels. The energy-storing body panels segment is likely to grow at a handsome growth rate over the forecast period due to the growing demand for smart energy conserving solutions in the automotive industry. Energy generation due to automotive processes such as braking has been harnessed for further use. This is likely to lead to a growing demand for energy-storing body panels.
By application, the global automotive active body panels market is segmented into front and rear. Both segments of the global automotive active body panels market are likely to grow over the forecast period.
By end market, the global automotive active body panels market is segmented into OEM and aftermarket. The OEM segment dominates the global automotive active body panels market and is likely to retain its dominance over the forecast period, as it is quite difficult to change body panels aftermarket and install active body panels in place of conventional body panels.
By vehicle type, the global Automotive Active Body Panels Market growth is segmented into passenger cars, commercial vehicles, and electric vehicles.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive Active Body Panel Market, By Type
5.1 Introduction
5.2 Traditional Body Panels
5.2.1 Market Estimates & Forecast, 2020-2027
5.2.2 Market Estimates & Forecast By Region, 2020-2027
5.3 Energy-Storing Body Panels
5.3.1 Market Estimates & Forecast, 2020-2027
Continued………
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