Global Automotive Active Body Panel Market Research Report: Information by Type (Traditional Body Panels and Energy-storing Body Panels), by Application (Font and Rear), End Market (OEM and Aftermarket), by Vehicle Type, and by Region – Forecast till 2023
Accordig to MRFR, the Global automotive active body panel market 2020 has seen remarkable growth and is likely to rise at a CAGR of 4%.
The major players in the global automotive active body panel market comprises General Motors (US), Ford Motor Company (US), Daimler AG (Germany), and Honda Motor Company, Ltd. (Japan). Volvo Cars (Sweden), Nissan Motor Company Ltd, (Japan), and Porsche AG (Germany) are among others.
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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.
Market segmentation
Global market for active automotive body panels is segmented by type , application, end market, type of vehicle, and region. The market was segmented by form into conventional body panels and energy-saving body panels. The market has been segmented into front and rear based on application. The industry was segmented into OEM, and aftermarket depending on the end market. The market has been segmented into passenger cars , commercial vehicles and electric vehicles based on the type of vehicle.
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.
Scope of Report
The report for Global Automotive Active Body Panel Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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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
Continued………
List Of Tables
Table 1 Global Automotive Active Body Panel Market: By Region, 2018-2023
Table 2 North America Automotive Active Body Panel Market: By Country, 2018-2023
Table 3 Europe Automotive Active Body Panel Market: By Country, 2018-2023
Table 4 Asia-Pacific Automotive Active Body Panel Market: By Country, 2018-2023
Table 5 RoW Automotive Active Body Panel Market: By Country, 2018-2023
Table 6 Global Automotive Active Body Panel Market, By Type, By Regions, 2018-2023
Table 7 North America Automotive Active Body Panel Market, By Type, By Country, 2018-2023
Continued………..
List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Automotive Active Body Panel Market SHARE, By Type, 2017 (%)
Continued……….
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