Global Automotive Active Body Panel Market Share Driven by the...

Global Automotive Active Body Panel Market Share Driven by the Growing Disruption caused by COVID 19

Posted 2021-05-24 12:42:47

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Market Synopsis

According to MRFR, the Global Automotive Active Body Panel Market Share 2020 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 Shareis 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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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

Share 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.

Competitive Dynamics

The major players in the global Automotive Active Body Panel Market Share 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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Key Questions Addressed by the Report

What was the historic market size?
Which segmentation (Product/ Capacity) is driving market?
What will be the growth rate?
How are the key players in this market?
What are the strategies adopted by key players?

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

3.1.1 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

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