Vehicle Pillar Market 2020 Industry Analysis Research Report

Posted by Abhijeet Bendre on January 15th, 2020

Vehicle Pillar Market

Global Vehicle Pillar Market: Synopsis

The detailed report published by Market Research Future (MRFR) projects that the global vehicle pillar market is marked to exhibit moderate expansion at a CAGR of 5.46% during the forecast period of 2016-2023 and reach the market valuation of USD 7,364.9 Mn by the end of the assessment period from USD 5,108.6 Mn in 2016. Rapid rise in demand for automobiles as a result of rising population and increased disposable income of the population in developed and developing regions are majorly propelling the growth of the global vehicle pillar market during the assessment period. Increased manufacturing of automotive parts and automobiles in order to fulfill the bolstering demand for fuel-based and electric vehicles is also fueling the growth of the global vehicle pillar market.

Global Vehicle Pillar Market: Segmental Analysis

The global vehicle pillar market is segmented on the basis of pillar type, vehicle type, and end market. Based on pillar type, the global vehicle pillar market has been segmented into A pillar, B pillar, C pillar and D pillar. The A pillar segment commanded for the dominant share of the global vehicle pillar market in the year of 2016. Based on vehicle type, the global vehicle pillar market has been segmented into passenger vehicles and commercial vehicles. The passenger vehicles segment commanded the major market share of the global vehicle pillar market in the year of 2016 in terms of market value. Based on end-market, the global vehicle pillar market has been segmented into OEMs and aftermarket. Among these, the OEMs segment commanded the largest market share of 88.17% in the global vehicle pillar market during the year 2016.

Global Vehicle Pillar Market: Regional Analysis

The global vehicle pillar market has been geographically segmented into four major regions such as the Asia Pacific, Europe, North America and the rest of the world. The Asia Pacific region commands the major share of 33.57% in the global vehicle pillar market during the assessment period. The growth of the vehicle pillar market in this region is majorly contributed by increased sales of automobiles as a result of rapid rise in population, availability of automobiles at affordable prices and high disposable income of the population of this region. Additionally, increasing demand for passenger vehicles and increased manufacturing of automotive parts due to the availability of cheap raw materials are also propelling the growth of the vehicle pillar market in the Asia Pacific region. Increased import activities of automotive parts in the rapidly expanding automotive industry and high demand for electric vehicles by the population of the North America region are fueling the growth of the vehicle pillar market in this region. Increased manufacturing and export of automobiles in the expanding automotive industry in the Europe region are contributing to the growth of the vehicle pillar market in this region.

Global Vehicle Pillar Market: Key Players

The prime players profiled by Market Research Future (MRFR) that are operating in the global vehicle pillar market are Unipres Corporation (Japan), Kirchhoff Automotive Gmbh (Germany), G-Tekt Corporation (Japan), Tianjin Toyotetsu Automobile (Japan), Toyotomi Kiko Co (Japan), Martinrea International (Canada), Aisin Seiki (Japan), Tower International (the U.S.), Shiloh Industries (the U.S.), Benteler automotive (the U.S.), Gestamp (Spain), Sewon America (the U.S.), and Elsa Llc (the U.S.). The players in the global vehicle pillar market are aiming towards business expansion by investing in optimizing the manufacturing process to meet the skyrocketing global demand for automobiles. Strategies such as mergers and acquisitions are aiding these players in retaining prominence over the global vehicle pillar market during the assessment period.

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