Cross car beam is integrated under the dashboard of the vehicle and mounted with vehicle frame that provides stability and safety to the vehicle. It supports all the components installed on the instrument panel and minimizes the effect of impact on the vehicle as well its occupants. Moreover, it is highly effective in preventing damage in case of a side impact.
Market for cross car beam is likely to expand at a moderate pace during the forecast period, as it is incorporated in all vehicles in order to enhance the safety of occupants
Demand for cross car beam depends on vehicle production, as it is fitted in almost all vehicles. Furthermore, rising concerns about safety among society and automakers has led to the development of cross car beam in vehicles.
Rising production of vehicles is a key factor driving the global cross car beam market
Increasing speed limits and development of high speed vehicles are further driving the demand for high strength composites in order to develop cross car beam, thereby driving the market for cross car beam
Rising integration of safety components, such as airbag and other intelligent technologies such as ADAS system, is propelling the cross car beam market
High emphasis on the adoption of electric vehicles is likely is drive the production of vehicles and demand for light weight components for electric vehicles. This, in turn, is anticipated to propel the cross car beam market.
Among developing countries, rise in per capita income has boosted the purchase power parity of society, which in turn is propelling the demand for vehicles
Automotive manufacturers are heavily focused on the development of lightweight vehicles by integrating components made of composite material, which is expected to be the trending material to manufacture cross car beams
Global Cross Car Beam Market – Opportunities
Demand for lightweight vehicles is rising across the globe, thus development and integration of ultra-lightweight cross car beam can play a significant role in vehicle lightweighting. Major players such as Faurecia SA are emphasizing on the development of cross car beams that are made of glass fiber and carbon fiber.
Market in Asia Pacific to expand significantly during forecast period
Asia Pacific is anticipated to be a key market for cross car beam owing to expansion of the manufacturing sector in the region. China, India, and Japan are major emerging markets for the manufacturing of cross car beam. All major manufacturers have established manufacturing center and development centers in the region, which in turn is anticipated to propel the cross car beam market in the region.
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Global Cross Car Beam Market – Competitive Landscape
Key players account for a major share of the global market; however, rest of the market is highly fragmented among numerous small-scale manufacturers. Large number of automotive manufacturers are focused on the development of lightweight vehicle components. Key players operating in the market are:
