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Global Automotive Body Welded Assembly Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 1/12/2023
  • NO OF PAGES
  • 275
  • CATEGORY
  • Automotive & Transportation

Market Overview:

The global automotive body welded assembly market size was valued at around 3.1 billion in 2022 and anticipated to grow at a CAGR of 4.5% over the forecast period.  The global automotive body welded assembly market refers to the market for the manufacturing and assembly of automotive body components using welding techniques. The automotive body is a crucial component of a vehicle, providing structural support, safety, and aesthetic appeal. Welding is a common method used to join and assemble body components, including doors, hoods, roofs, fenders, and chassis.

The market includes the manufacturing and assembly of welded automotive body components by original equipment manufacturers (OEMs) and tier 1 and tier 2 suppliers. The automotive body welded assembly market is a critical part of the automotive industry, and its growth is closely linked to the overall growth of the automotive market. The market is driven by factors such as the increasing demand for lightweight and fuel-efficient vehicles, the growing trend of electric and hybrid vehicles, and the adoption of advanced welding technologies.

Covid-19 Impact:

The global automotive industry, including the automotive body welded assembly market, has been significantly impacted by the COVID-19 pandemic. The pandemic has led to a decline in vehicle sales and production, which has resulted in a reduced demand for automotive body welded assembly. The lockdowns and restrictions on manufacturing activities have led to supply chain disruptions, labor shortages, and reduced production capacity, which have further impacted the market.

However, the automotive industry has shown signs of recovery in recent months, with the resumption of manufacturing activities and the gradual lifting of restrictions. The shift towards electric and hybrid vehicles, which require specialized welding techniques, is also expected to drive the demand for automotive body welded assembly in the future. Additionally, the focus on lightweight and fuel-efficient vehicles, driven by stringent emission regulations, is expected to create opportunities for the adoption of advanced welding technologies in the automotive industry.

Overall, while the COVID-19 pandemic has had a significant impact on the global automotive industry and the automotive body welded assembly market, the industry is expected to recover gradually in the coming years, with opportunities for growth in the long term.

Market Dynamics:

Drivers:

Increasing demand for lightweight and fuel-efficient vehicles: Automotive manufacturers are increasingly focusing on reducing the weight of vehicles to improve fuel efficiency and reduce emissions. Welding is a key process used in the production of lightweight automotive body components, and this is expected to drive the demand for automotive body welded assembly.

Growing trend of electric and hybrid vehicles: The shift towards electric and hybrid vehicles requires specialized welding techniques, as these vehicles have unique structural requirements. This trend is expected to drive the demand for automotive body welded assembly in the future.

Adoption of advanced welding technologies: Automotive manufacturers are adopting advanced welding technologies such as laser welding, resistance spot welding, and friction stir welding to improve the quality and efficiency of welded assemblies. This is expected to drive the demand for automotive body welded assembly in the coming years.

Expansion of the automotive industry in emerging markets: The automotive industry is expanding rapidly in emerging markets such as India, China, and Brazil, which is expected to create new opportunities for the automotive body welded assembly market.

Increasing safety and performance standards: Governments and regulatory bodies are imposing stricter safety and performance standards on vehicles, which is driving the demand for high-quality automotive body welded assembly components.

Restraints:

Fluctuations in raw material prices: The cost of raw materials such as steel and aluminum, which are commonly used in automotive body welded assembly, can fluctuate significantly, impacting the profitability of manufacturers. These price fluctuations can lead to uncertain production costs, which may limit the growth of the market.

High capital investment: Automotive body welded assembly requires significant capital investment in equipment and technology. This can be a barrier to entry for small and medium-sized players and may limit the growth of the market.

High cost of research and development: Developing new welding technologies and techniques requires significant investment in research and development. This cost can be a significant burden for manufacturers, limiting their ability to innovate and develop new products.

Regional Analysis:

North America: The North American region, consisting of the US and Canada, is a significant market for automotive body welded assembly, owing to the high demand for lightweight and fuel-efficient vehicles. The region also has a significant presence of major automotive manufacturers and suppliers, driving the growth of the market.

Europe: The European region, consisting of countries such as Germany, France, and the UK, is a major contributor to the automotive body welded assembly market. The region is home to several major automotive manufacturers, and the growing trend of electric and hybrid vehicles is expected to drive the demand for specialized welding techniques.

Asia-Pacific: The Asia-Pacific region, consisting of countries such as China, Japan, and India, is expected to be the fastest-growing market for automotive body welded assembly. The region has a large population and a growing middle class, driving the demand for automobiles. The shift towards electric and hybrid vehicles and the expansion of the automotive industry in emerging markets are also expected to drive the growth of the market.

Middle East and Africa: The Middle East and Africa region is a growing market for automotive body welded assembly, driven by the increasing demand for vehicles and the expansion of the automotive industry in countries such as the UAE and South Africa.

Latin America: The Latin America region, consisting of countries such as Brazil and Mexico, is a significant market for automotive body welded assembly, owing to the expansion of the automotive industry in the region.

Market Segmentation:

By Material Type: The market can be segmented based on the type of material used for body welded assembly, such as steel, aluminum, and others.

By Vehicle Type: The market can be segmented based on the type of vehicle, such as passenger cars, light commercial vehicles, and heavy commercial vehicles.

By Welding Type: The market can be segmented based on the type of welding used, such as resistance spot welding, laser welding, and others.

By Application: The market can also be segmented based on the application of automotive body welded assembly, such as the body-in-white, closures, and others.

By End-Use Industry: The market can be segmented based on the end-use industry, such as automotive, aerospace, and others.

By Region: The market can be segmented based on geographic regions, such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Competitive Landscape:

The global automotive body welded assembly market is highly competitive and fragmented, with several major players dominating the market.

Some of the key players in the market are:

Magna International Inc.

Martinrea International Inc.

KIRCHHOFF Automotive GmbH

Tower International Inc.

Benteler Automotive

GESTAMP Automocion

Voestalpine AG

Aisin Seiki Co. Ltd.

Hitachi Metals Ltd.

Sumitomo Corporation

These companies are primarily engaged in the production of body welded assembly products for various types of vehicles, such as passenger cars, light commercial vehicles, and heavy commercial vehicles. They also offer a range of welding technologies, including resistance spot welding, laser welding, and others.

The market is also characterized by the presence of several small and medium-sized players, particularly in developing regions such as Asia-Pacific and the Middle East & Africa. These players often focus on providing customized solutions to cater to specific customer requirements.

The key players in the market are investing in research and development activities to improve their product offerings and stay ahead of the competition. They are also adopting strategies such as mergers and acquisitions, partnerships, and collaborations to expand their market presence and reach new customers.

Overall, the global automotive body welded assembly market is expected to remain highly competitive in the coming years, with key players focusing on innovation, customization, and expanding their market reach.

Global Automotive Body Welded Assembly Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive Body Welded Assembly market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Automotive Body Welded Assembly market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive Body Welded Assembly would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Automotive Body Welded Assembly Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Automotive Body Welded Assembly Revenue
1.4 Market Analysis by Type
1.4.1 Global Automotive Body Welded Assembly Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Upper Body
1.4.3 Under Body
1.5 Market by Application
1.5.1 Global Automotive Body Welded Assembly Market Share by Application: 2023-2032
1.5.2 Passenger Vehicle
1.5.3 Commercial Vehicle
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Automotive Body Welded Assembly Market
1.8.1 Global Automotive Body Welded Assembly Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Automotive Body Welded Assembly Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Automotive Body Welded Assembly Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Automotive Body Welded Assembly Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Automotive Body Welded Assembly Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Automotive Body Welded Assembly Sales Volume Market Share by Region (2017-2022)
3.2 Global Automotive Body Welded Assembly Sales Revenue Market Share by Region (2017-2022)
3.3 North America Automotive Body Welded Assembly Sales Volume
3.3.1 North America Automotive Body Welded Assembly Sales Volume Growth Rate (2017-2022)
3.3.2 North America Automotive Body Welded Assembly Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Automotive Body Welded Assembly Sales Volume
3.4.1 East Asia Automotive Body Welded Assembly Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Automotive Body Welded Assembly Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Automotive Body Welded Assembly Sales Volume (2017-2022)
3.5.1 Europe Automotive Body Welded Assembly Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Automotive Body Welded Assembly Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Automotive Body Welded Assembly Sales Volume (2017-2022)
3.6.1 South Asia Automotive Body Welded Assembly Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Automotive Body Welded Assembly Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Automotive Body Welded Assembly Sales Volume (2017-2022)
3.7.1 Southeast Asia Automotive Body Welded Assembly Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Automotive Body Welded Assembly Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Automotive Body Welded Assembly Sales Volume (2017-2022)
3.8.1 Middle East Automotive Body Welded Assembly Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Automotive Body Welded Assembly Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Automotive Body Welded Assembly Sales Volume (2017-2022)
3.9.1 Africa Automotive Body Welded Assembly Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Automotive Body Welded Assembly Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Automotive Body Welded Assembly Sales Volume (2017-2022)
3.10.1 Oceania Automotive Body Welded Assembly Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Automotive Body Welded Assembly Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Automotive Body Welded Assembly Sales Volume (2017-2022)
3.11.1 South America Automotive Body Welded Assembly Sales Volume Growth Rate (2017-2022)
3.11.2 South America Automotive Body Welded Assembly Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Automotive Body Welded Assembly Sales Volume (2017-2022)
3.12.1 Rest of the World Automotive Body Welded Assembly Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Automotive Body Welded Assembly Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Automotive Body Welded Assembly Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Automotive Body Welded Assembly Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Automotive Body Welded Assembly Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Automotive Body Welded Assembly Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Automotive Body Welded Assembly Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Automotive Body Welded Assembly Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Automotive Body Welded Assembly Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Automotive Body Welded Assembly Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Automotive Body Welded Assembly Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Automotive Body Welded Assembly Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Automotive Body Welded Assembly Sales Volume Market Share by Type (2017-2022)
14.2 Global Automotive Body Welded Assembly Sales Revenue Market Share by Type (2017-2022)
14.3 Global Automotive Body Welded Assembly Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Automotive Body Welded Assembly Consumption Volume by Application (2017-2022)
15.2 Global Automotive Body Welded Assembly Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Automotive Body Welded Assembly Business
16.1 ArcelorMittal
16.1.1 ArcelorMittal Company Profile
16.1.2 ArcelorMittal Automotive Body Welded Assembly Product Specification
16.1.3 ArcelorMittal Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Hebei Iron and Steel
16.2.1 Hebei Iron and Steel Company Profile
16.2.2 Hebei Iron and Steel Automotive Body Welded Assembly Product Specification
16.2.3 Hebei Iron and Steel Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 NSSMC
16.3.1 NSSMC Company Profile
16.3.2 NSSMC Automotive Body Welded Assembly Product Specification
16.3.3 NSSMC Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 POSCO
16.4.1 POSCO Company Profile
16.4.2 POSCO Automotive Body Welded Assembly Product Specification
16.4.3 POSCO Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Baosteel Group
16.5.1 Baosteel Group Company Profile
16.5.2 Baosteel Group Automotive Body Welded Assembly Product Specification
16.5.3 Baosteel Group Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 Jiangsu Shagang
16.6.1 Jiangsu Shagang Company Profile
16.6.2 Jiangsu Shagang Automotive Body Welded Assembly Product Specification
16.6.3 Jiangsu Shagang Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Ansteel
16.7.1 Ansteel Company Profile
16.7.2 Ansteel Automotive Body Welded Assembly Product Specification
16.7.3 Ansteel Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 JFE
16.8.1 JFE Company Profile
16.8.2 JFE Automotive Body Welded Assembly Product Specification
16.8.3 JFE Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Shougang
16.9.1 Shougang Company Profile
16.9.2 Shougang Automotive Body Welded Assembly Product Specification
16.9.3 Shougang Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Tata Steel
16.10.1 Tata Steel Company Profile
16.10.2 Tata Steel Automotive Body Welded Assembly Product Specification
16.10.3 Tata Steel Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 Wuhan Iron and Steel
16.11.1 Wuhan Iron and Steel Company Profile
16.11.2 Wuhan Iron and Steel Automotive Body Welded Assembly Product Specification
16.11.3 Wuhan Iron and Steel Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 Shandong Steel Group
16.12.1 Shandong Steel Group Company Profile
16.12.2 Shandong Steel Group Automotive Body Welded Assembly Product Specification
16.12.3 Shandong Steel Group Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.13 Hyundai Steel
16.13.1 Hyundai Steel Company Profile
16.13.2 Hyundai Steel Automotive Body Welded Assembly Product Specification
16.13.3 Hyundai Steel Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.14 Nucor Corporation
16.14.1 Nucor Corporation Company Profile
16.14.2 Nucor Corporation Automotive Body Welded Assembly Product Specification
16.14.3 Nucor Corporation Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.15 Maanshan Steel
16.15.1 Maanshan Steel Company Profile
16.15.2 Maanshan Steel Automotive Body Welded Assembly Product Specification
16.15.3 Maanshan Steel Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.16 ThyssenKrupp
16.16.1 ThyssenKrupp Company Profile
16.16.2 ThyssenKrupp Automotive Body Welded Assembly Product Specification
16.16.3 ThyssenKrupp Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.17 Gerdau
16.17.1 Gerdau Company Profile
16.17.2 Gerdau Automotive Body Welded Assembly Product Specification
16.17.3 Gerdau Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.18 Bohai Steel Group
16.18.1 Bohai Steel Group Company Profile
16.18.2 Bohai Steel Group Automotive Body Welded Assembly Product Specification
16.18.3 Bohai Steel Group Automotive Body Welded Assembly Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Automotive Body Welded Assembly Manufacturing Cost Analysis
17.1 Automotive Body Welded Assembly Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Automotive Body Welded Assembly
17.4 Automotive Body Welded Assembly Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Automotive Body Welded Assembly Distributors List
18.3 Automotive Body Welded Assembly Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Automotive Body Welded Assembly (2023-2032)
20.2 Global Forecasted Revenue of Automotive Body Welded Assembly (2023-2032)
20.3 Global Forecasted Price of Automotive Body Welded Assembly (2017-2032)
20.4 Global Forecasted Production of Automotive Body Welded Assembly by Region (2023-2032)
20.4.1 North America Automotive Body Welded Assembly Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Automotive Body Welded Assembly Production, Revenue Forecast (2023-2032)
20.4.3 Europe Automotive Body Welded Assembly Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Automotive Body Welded Assembly Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Automotive Body Welded Assembly Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Automotive Body Welded Assembly Production, Revenue Forecast (2023-2032)
20.4.7 Africa Automotive Body Welded Assembly Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Automotive Body Welded Assembly Production, Revenue Forecast (2023-2032)
20.4.9 South America Automotive Body Welded Assembly Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Automotive Body Welded Assembly Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Automotive Body Welded Assembly by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Automotive Body Welded Assembly by Country
21.2 East Asia Market Forecasted Consumption of Automotive Body Welded Assembly by Country
21.3 Europe Market Forecasted Consumption of Automotive Body Welded Assembly by Countriy
21.4 South Asia Forecasted Consumption of Automotive Body Welded Assembly by Country
21.5 Southeast Asia Forecasted Consumption of Automotive Body Welded Assembly by Country
21.6 Middle East Forecasted Consumption of Automotive Body Welded Assembly by Country
21.7 Africa Forecasted Consumption of Automotive Body Welded Assembly by Country
21.8 Oceania Forecasted Consumption of Automotive Body Welded Assembly by Country
21.9 South America Forecasted Consumption of Automotive Body Welded Assembly by Country
21.10 Rest of the world Forecasted Consumption of Automotive Body Welded Assembly by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

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In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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