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Automotive Cross Car Beam Market Trends

Report ID: GMI9851
Published Date: Jun 2024
Report Format: PDF

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Automotive Cross Car Beam Market Trends

Industry growth is also propelled by the shift towards electric vehicles (EVs) and the heightened focus on structural rigidity and crashworthiness. As per IEA (International Energy Agency), nearly 14 million new electric cars were globally registered in 2023. EVs require specially designed cross car beams to accommodate unique chassis configurations, while aligning with the emphasis on safety demands in robust structural components. These trends may drive innovation in cross car beam design and materials, contributing to the market growth as manufacturers strive to meet the evolving industry standards.

Also, automotive cross car beams are increasingly being integrated with advanced technologies such as sensors, cameras, and connectivity modules to support advanced driver-assistance systems (ADAS) and in-vehicle infotainment systems. This integration enhances the functionality and versatility of cross car beams while improving overall vehicle performance and user experience.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive cross car beam reached USD 4.5 billion in 2023 and is set to witness over 5.5% CAGR between 2024 and 2032, owing to advancements in materials science and manufacturing processes.

The OEM segment of the automotive cross car beam industry accounted for over 70% share in 2023 and is poised to cross USD 4.8 billion by 2032, driven by its pivotal role in supplying beams directly to vehicle manufacturers.

Asia Pacific market held over 49% share in 2023, due to robust manufacturing capabilities and the burgeoning automotive industries.

Benteler Automotive, CIE Automotive, Dura-Shiloh, Elringklinger AG, Faurecia, Gestamp, GF Casting Solutions, and KIRCHHOFF Automotive among others.