Global Automotive Pillars Market, By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Product Type (Pillar A, Pillar B, Pillar C, Pillar D), Material (Aluminium, Steel, Plastic Composites), Sales Channel (OEM, Aftermarket) – Industry Trends and Forecast to 2029.
Automotive Pillars Market Analysis and Size
The global automotive pillar market is anticipated to witness significant growth during the forecast period. The growing production of vehicles in developing nations is projected to drive the automotive pillar market. Rise in income of consumers is boosting the demand for the automotive, which in turn is anticipated to boost the demand for the automotive pillar. Furthermore, growing concern for the passenger safety and regulations are anticipated to drive the growth of the automotive pillar market. Also, the rising demand for high-end automotive, luxury vehicles and recent technological has increased the demand for automotive pillars in the market, creating immense growth potential.
Data Bridge Market Research analyses that the automotive pillars market was valued at USD 6384.30 million in 2021 and is expected to reach USD 8804.79 million by 2029, registering a CAGR of 4.10 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Automotive Pillars Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Product Type (Pillar A, Pillar B, Pillar C, Pillar D), Material (Aluminium, Steel, Plastic Composites), Sales Channel (OEM, Aftermarket)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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KIRCHHOFF Automotive (Germany) , Magna International Inc. (France),, Gestamp (Spain), TOYOTA BOSHOKU CORPORATION (Japan), AISIN CORPORATION (Japan), Trinseo (U.S.), GEDIA Automotive Group (U.S.), G-TEKT CORPORATION (Japan), Martinrea International Inc. (Canada), Autokiniton (u.S.), BENTELER (Germany), Meleghy Automotive GmbH & Co. KG (Germany), Shiloh Industries (U.S.), Unipres Corporation (Japan), ACMA India (India), Pillar Innovations (U.S.), NVH KOREA INC. (South Korea), SMR Deutschland GmbH (Germany), HUTCHINSON (France)
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Market Opportunities
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Market Definition
Pillars are vertical support in automotive. These are installed around all the glass on a vehicle and play an important role in holding the glass in their place, thus adding structural integrity to a vehicle. Automotive pillars are generally classified into A pillar, B pillar, C pillar, and D pillar. A-pillar aids in retention of windshield in place, B pillar aids in offering good structural support for the roof of the vehicle, C pillar aids in fixing the rear window of vehicle in place, and D pillar aids in fixing the sides of a rear window of vehicle in their place. The specialty of an automotive pillar is aiding to increase a crashworthiness and providing structural stability of the vehicle.
Global Automotive Pillars Market Dynamics
Drivers
- Rising demand for light weight products
The manufacturers of automotive pillar are improving their product by reducing the weight though improving the load carrying capability. These automotive pillar has high load-bearing capacity and light in weight because for the manufacturing of these pillar use plastic composites which reduces the weight of the overall automotive pillar. The rising demand of lightweight product are expected to drive the growth rate of the automotive pillar market.
- Growing environmental concern
Growing concerns regarding the emissions of CO2 are expected to boost the demand for the composite material for the manufacture of automotive pillars. For instance, Daimler AG announced an upsurge in the number of bracing struts used in automotive pillars to improve crashworthiness and stability due to torsional shear. The stringent rules of government has also imposed for the reduction of CO2 emission from automotive vehicles, which is resulting in growing the demand for lightweight automotive and also leads to increased the demand for the composites material. These are some major factor which increase the growth of the automotive pillar in the market.
Furthermore, increasing levels of disposable income of the people, increasing concern regarding passenger safety and regulations, growing number of on-road vehicles, growing usages of advanced material to obtain structural stability and rigidity are some of the factors which are expected to increase the growth of the automotive pillars market.
Opportunities
- Development of new product with specific application
The manufacturers of the automotive pillars are focused on producing new and innovative products with specific application to fulfil the demand of the consumer. Furthermore, the industry's major participants are using their complete energy to improve their distribution systems. The developing economy and growing population are the major factors which will contribute to the demand of automotive pillars in the automotive industry of developing nations and create immense opportunities for the market growth rate in upcoming years.
Furthermore, growing technological advancement coupled with increasing number of design improvements to reduce noise and vibrations will further provide several opportunities for the growth of the automotive pillars market during the forecast period.
Restraints/ Challenges
- High cost
The rising cost of automotive pillar in vehicles will limits the large scale manufacturing and consumption of automotive pillar. This increasing prices of automotive pillar constrains the adoption of this product and expected to restrict the growth of the automotive pillar market.
This automotive pillars market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive pillars market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Automotive Pillars Market
The outbreak of COVID-19 has widely disrupted the automotive sector. It has resulted in shutdown of manufacturing activities and decline in the sales volume. Moreover, the demand for both passenger and commercial vehicles is anticipated to drop in 2020. This decline, as projected, will adversely affect the automotive pillar industry, as automotive production is directly proportional to the demand for the automotive pillar industry. The investments for R&D activities is likely to be reduced, which will hinder the innovation of the automotive headrest. However, companies are taking preventive measures to handle the adverse effects of the outbreak.
Global Automotive Pillars Market Scope
The automotive pillars market is segmented on the basis of vehicle type, product type, material and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Product Type
- Pillar A
- Pillar B
- Pillar C
- Pillar D
Material
- Aluminium
- Steel
- Plastic
- Composites
Sales Channel
- OEM
- Aftermarket
Automotive Pillars Market Regional Analysis/Insights
The automotive pillars market is analysed and market size insights and trends are provided by country, vehicle type, product type, material and sales channel as referenced above.
The countries covered in the automotive pillars market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Asia-Pacific dominates the automotive pillars market in terms of share and market. This is due to the growing levels of disposable income of the people along with growth of the automotive sectors in this region.
Europe are projected to be the fastest developing regions due to the adoption of advanced technology along with growing number of research and development activities in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Pillars Market Share Analysis
The automotive pillars market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive pillars market.
Some of the major players operating in the automotive pillars market are:
- KIRCHHOFF Automotive (Germany)
- Magna International Inc. (France)
- Gestamp (Spain)
- TOYOTA BOSHOKU CORPORATION (Japan)
- AISIN CORPORATION (Japan)
- Trinseo (U.S.)
- GEDIA Automotive Group (U.S.)
- G-TEKT CORPORATION (Japan)
- Martinrea International Inc. (Canada)
- Autokiniton (U.S..)
- BENTELER (Germany)
- Meleghy Automotive GmbH & Co. KG (Germany)
- Shiloh Industries (U.S.)
- Unipres Corporation (Japan)
- ACMA India (India)
- Pillar Innovations (U.S.)
- NVH KOREA INC. (South Korea)
- SMR Deutschland GmbH (Germany)
- HUTCHINSON (France)
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