Automotive Pillars Market
Automotive Pillars Market Global Industry Assessment & Forecast
#
Pages:
136
2021
Nov - 2021
VMR-2021-0596
Segments Covered
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
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
4.97 Billion |
 Revenue 2028:
|
6.40 Billion |
 Revenue CAGR
(2021 - 2028): |
3.20% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Automotive Pillars Market - Global Market Assessment, 2021 - 2028
Automotive Pillars Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Pillars market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Pillars market.
FAQ
Frequently Asked Question
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.
