Global Automotive Cross Car Beam Market 2019-2023 | Increasing Use of Steel Arc Furnace to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Oct 7, 2019--

The global automotive cross car beam market is expected to post a CAGR of over 4% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global automotive cross car beam market 2019-2023. (Graphic: Business Wire)

Side-impact car crashes, also known as T-bone accidents, involve at least one vehicle that is impacted on the side. In several T-bone crashes, vehicles are compressed from the side and may result in fatal or serious injuries to occupants. T-bone crashes account for about one-fourth of the all fatal injuries occurring on roads across the world. Cross car beams enhance the safety of occupants by absorbing the impact energy of a side crash, reducing steering wheel dislocation, lowering passenger compartment vibrations, and providing better control and strength to the steering wheel. They are designed to support vehicle steering column, instrumental panel, HVAC system, airbags, and the entire dashboard. The growth of the global automotive cross car beam market directly depends on the production and sale of vehicles across the world.

To learn more about the global trends impacting the future of market research, download free sample:https://www.technavio.com/talk-to-us?report=IRTNTR32134

As per Technavio, the manufacturers shift towards alternative raw materials and product designs, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Automotive Cross Car Beam Market: Manufacturers shift towards alternative raw materials and product designs

Automotive component manufacturers are intensively focusing on reducing the overall weight of vehicles and associated components, without compromising on strength and operability. Manufacturers are emphasizing on the use of alternative lightweight composites in the manufacturing process to cater to such demands and are designing and producing high-performance vehicle components within a specific weight constraint. For instance, Faurecia SA is working on the development of cross car beams that comprise of a composite of glass fiber and carbon fiber. The composite material weighs about two-fifths of a conventional metal cross car beam and can meet stringent safety standards. Thus, the development of such lightweight and high-strength materials and profiles is likely to improve the automotive component manufacturing technology in the future.

“The emergence of additive manufacturing and shift of production to low-cost countries are some other major factors that are expected to boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Automotive Cross Car Beam Market: Segmentation Analysis

This market research report segments the globalautomotive cross car beam market by car-type (SUV/MPV, Hatchback, and Sedan) and geography (APAC, Europe, North America, South America, and MEA).

The APAC region led the market in 2018, followed by Europe, North America, South America, and MEA respectively. However, during the forecast period, the South American region is expected to register the highest incremental growth due to the consistent increase in vehicle production sales across the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

View source version on businesswire.com:https://www.businesswire.com/news/home/20191007005366/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com 

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 10/07/2019 06:00 AM/DISC: 10/07/2019 06:00 AM

http://www.businesswire.com/news/home/20191007005366/en

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