Automotive Pillars Market

Automotive Pillars Market by Product Type (Pillar A, Pillar B, Pillar C, Pillar D) by Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle) by Sales Channel (OEM, Aftermarket) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive Pillars in terms of revenue?

    The global Automotive Pillars valued at 4.97 Billion in 2020 and is expected to reach 6.40 Billion in 2028 growing at a CAGR of 3.20%%

  • Which are the prominent players in the market?

    The prominent players in the market are Benteler International AG, Magna International Inc., Gestamp, GEDIA Automotive Group, ELSA LLC., Sewon, Meleghy Automotive GmbH & Co. KG, G-Tekt Corporation, KIRCHHOFF Automotive GmbH, Aisin Seiki Co. Ltd., Toyoda Iron Works Co. Ltd., Martinrea International Inc., Shiloh Industries, Trinseo S.A, Tower International..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 3.20%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Automotive Pillars include

    • The increasing concerns for environmental sustainability are anticipated to prompt the automotive manufacturers to integrate several changes in the manufacturing of the automobiles. This has resulted in demand for light weight technologies that are gaining popularity among the manufacturers since it limits the carbon emissions. The use of plastic composites for manufacturing automotive pillars considerably reduces the weight of automotive pillars. Additionally, higher fuel efficiency is also achieved by reducing the weight of vehicle leading to reduction in carbon emissions. Hence, most of the automotive pillar manufacturers are now focussing on using plastic composites in order to achieve higher fuel efficiency.
    • The rising vehicle sale and manufacturing across the globe is anticipated to augment the growth of the automotive pillars market during the forecast period. This is owing to the rapid urbanization, industrialization, rising disposable income of the consumers, and advancement of technologies. Furthermore, the adoption of personal vehicles has also increased the global sales and production of automobiles which is in turn support the growth of the automotive pillars market.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Automotive Pillars in 2020.

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