USD 3.84 billion
Report ID:
SQMIG25A2264 |
Region:
Global |
Published Date: April, 2024
Pages:
221
|Tables:
90
|Figures:
77
Automotive Side Guard Door Beams Market size was valued at USD 4.02 Billion in 2023 and is poised to grow from USD 4.21 Billion in 2024 to USD 6.08 Billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).
Safety beams used in vehicles that support the vehicle in case of a side collision are known as automotive side guard door beams. Growing emphasis on increasing vehicle safety and rising automotive production are key factors that promote sales of automotive side guard door beams around the world. High investments in the development of the perfect lightweight yet durable structure for electric vehicles and other vehicles in general are also slated to boost demand for automotive side guard door beams over the coming years. Imposition of stringent vehicle safety mandates is also estimated to create new opportunities across the forecast period and beyond. Use of lightweight materials is also predicted to be a key trend for automotive side guard door beam companies in the long run. Asia Pacific and Europe are slated to be the most lucrative regions for automotive side guard door beam providers in the future.
Global Market Size
USD 3.84 billion
Largest Segment
Passenger Cars
Fastest Growth
Light Commercial Vehicles
Growth Rate
4.7% CAGR
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The global automotive side guard door beams market is segmented based on position, vehicle type, material, and region. In terms of position, the market is segmented into front door and rear door. In terms of vehicle type, the market is bifurcated into passenger cars, light commercial vehicles, and heavy commercial vehicles. Based on material, the market is divided into aluminum, steel, plastic composites, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Vehicle Type
Passenger cars account for a major share of the global automotive side guard door beams market. Growing sales of passenger cars and high demand for better side guards to comply with modern safety standards are helping this segment maintain its dominance. High demand for better safety by consumers will also help automotive side guard door beams market growth via this segment.
Sales of automotive side guard door beams for light commercial vehicles are projected to increase at a rapid pace over the coming years. Imposition of stringent road safety and vehicle safety mandates by governments and regulatory authorities to improve the safety of commercial vehicles will boost automotive side guard door beams demand going forward.
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Growing automotive manufacturing activity and rising sales of passenger vehicles are key factors that allow Asia Pacific to dominate global sales of automotive side guard door beams. High availability of cheap labor and raw materials in this region is also estimated to boost automotive side guard door beams demand outlook in this region. China, India, and Japan are predicted to be the leading markets for automotive side guard door beam companies going forward. Growing consumer demand for safer vehicles and rising disposable income will also influence automotive side guard door beams market development in the future.
Demand for automotive side guard door beams in Europe is forecasted to increase at a notable CAGR across the forecast period. The presence of key automotive and automotive component manufacturers in this region is the key factor promoting sales of automotive side guard door beams. Germany is predicted to spearhead the automotive side guard door beams sales revenue generation in Europe owing to high emphasis on vehicle safety in the country. France, the United Kingdom, and Italy are other notable markets that automotive side guard door beam companies can target in Europe going forward.
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Drivers
Emphasis on Vehicle Safety
Use of Novel Materials
Restraints
Retrofitting Issues
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Automotive side guard door beam providers should focus on experimenting with different materials to manufacture their products. Automotive side guard door beam companies can also work closely with regulatory bodies and automotive manufacturers to create products specific to their requirements. The use of lightweight materials to manufacture automotive side guard door beams is slated to be a key area of focus for almost all automotive side guard door beams market players going forward.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, growing emphasis on improving vehicle safety and rising automotive sales around the world are estimated to uplift automotive side guard door beams market development across the forecast period. The Asia Pacific region is estimated to dominate the global automotive side guard door beams market, and this can be attributed to the presence of robust automotive manufacturing activity in countries such as China, India, Japan and South Korea. Retrofitting issues are slated to be the key obstacle for automotive side guard door beams market growth in the long run. Use of lightweight automotive components is a major trend that automotive side guard door beam manufacturers should target going forward.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.84 billion |
Market size value in 2031 | USD 5.81 billion |
Growth Rate | 4.7% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Side Guard Door Beams Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Side Guard Door Beams Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Side Guard Door Beams Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Side Guard Door Beams Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25A2264
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