Automotive Body Reinforcement Parts Market
Automotive Body Reinforcement Parts Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Automotive Body Reinforcement Parts Market Size and Growth
The Automotive Body Reinforcement Parts market is experiencing robust growth, driven by increasing vehicle safety standards and lightweight material adoption. In 2023, the market size is estimated to reach approximately $6 billion, with a projected CAGR of 5% through the next five years, reflecting rising demand for enhanced vehicle performance and safety.
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Companies Covered (Covid 19 Impact Covered)
◍ thyssenkrupp (Germany)
◍ Benteler Deutschland (Germany)
◍ Futaba Industrial (Japan)
◍ UNIPRES (Japan)
◍ Tower International (USA)
The automotive body reinforcement parts market is competitive, featuring companies like thyssenkrupp and Benteler focusing on advanced materials and lightweight solutions. Firms like Futaba and UNIPRES emphasize innovation in manufacturing. These companies enhance automotive safety and efficiency, driving market growth. Sales revenues include:
◍ Changchun Faway Automobile Components (China)
◍ Topre (Japan)
◍ Yorozu (Japan)
◍ DURA Automotive Systems (USA)
◍ Pacific Industrial (Japan)
◍ Tata AutoComp Systems (India)
- thyssenkrupp: €40.5 billion - Tower International: $1.1 billion - Tata AutoComp: ₹6,000 crore.
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Market Segmentation
By Application
Passenger Cars
Commercial Vehicles
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By Product
Steel Plate Material Type
Carbon Fiber Material Type
Others
Market Growth
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$ X Billion USD
