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In recent statistical analyses, a paradoxical trend has emerged: despite a significant 60% reduction in traffic volume on roads, more than 40% of all fatal accidents occur during the night. This alarming pattern has prompted government authorities to enact stringent regulations aimed at enhancing both vehicle and passenger safety. The urgency of these regulations is compelling vehicle manufacturers to not only meet but exceed the stipulated safety standards by incorporating high-quality raw materials into their designs.
The nighttime scenario, marked by reduced visibility and increased risk factors, has become a focal point for safety concerns. Governments worldwide recognize the need to address this issue comprehensively, leading to the formulation of regulations that mandate strict safety standards for vehicles operating during low-light conditions. These regulations are multifaceted, encompassing aspects such as lighting systems, collision avoidance technologies, and structural integrity to mitigate the severity of accidents.
One of the primary drivers behind these regulatory initiatives is the quest for overall road safety improvement. Despite a significant reduction in traffic volume during nighttime hours, the disproportionately high occurrence of fatal accidents highlights a critical gap in existing safety measures. Government authorities are proactively taking steps to bridge this gap and minimize the risks associated with nighttime driving.
The regulatory landscape is evolving to keep pace with advancements in vehicle safety technologies. It places a considerable onus on automakers to prioritize safety features that go beyond conventional norms. As a result, vehicle manufacturers find themselves compelled to adopt a holistic approach, integrating cutting-edge safety features and utilizing premium-grade raw materials to enhance the structural robustness of vehicles.
The call for enhanced vehicle safety is not limited to specific regions; it is a global imperative. Governments around the world are collaborating to establish unified safety standards that transcend geographical boundaries. This collaborative effort aims to create a harmonized set of regulations that can be universally adopted, ensuring a consistent level of safety across diverse automotive markets.
Vehicle manufacturers, cognizant of the evolving regulatory landscape, are responding by incorporating advanced safety technologies into their vehicles. These technologies include adaptive lighting systems, autonomous emergency braking, pedestrian detection, and advanced driver assistance systems. The integration of such features not only aligns with regulatory requirements but also positions manufacturers at the forefront of innovation in the automotive industry.
A pivotal aspect of meeting these safety standards is the careful selection of raw materials in vehicle manufacturing. The emphasis on high-quality materials is twofold – to enhance the structural integrity of vehicles and to ensure the optimal performance of safety technologies. Automakers are increasingly turning to advanced materials such as high-strength steel, aluminum alloys, and composite materials to achieve the desired balance of strength, weight, and safety.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Pillar Type, Vehicle Type, End Market |
Vehicle Pillar Market Highlights:
Vehicle Pillar Market Overview:
Vehicle Pillar Market is projected to be worth USD 11,870 Million by 2030, registering a CAGR of 6.1% during the forecast period (2022 - 2030). Currently, many vehicle pillar market players are substantially investing in product development and increasing production capacities. Also, substantial investments are made into the R&D centers of vehicle pillar manufacturing companies to test innovative prototypes.Â
Governments constantly update norms & regulations related to fuel-efficient vehicles, light-weighting automotive components, and passenger safety. Therefore, vehicle pillar manufacturers are innovating new technologies to improve manufacturing techniques & processes that can enhance vehicle safety. Moreover, increased accident rates worldwide foster the demand for advanced vehicle pillars.
Competitive Landscape
Players Focus on Product Development & Expansion Plans
The worldwide vehicle pillar industry appears extremely fragmented, considering the presence of well-established vehicle pillar manufacturers, distributors, and OEMs. They look for opportunities to integrate across the extensive value chain while focusing on R&D investments, production facility expansion, and M&A activities to gain impetus. New vehicle pillar industry players enter the market with aggressive pricing to undercut the established providers and gain footholds in international markets.Â
List of Key Companies
Top companies operating in the global vehicle pillar market include Kirchhoff Automotive Gmbh (Germany), Unipres Corporation (Japan), Tianjin Toyotetsu Automobile (Japan), G-Tekt Corporation (Japan), Toyotomi Kiko Co (Japan), Martinrea International (Canada), Tower International (US), Aisin Seiki (Japan), Shiloh Industries (US), Gestamp (Spain), Benteler Automotive (US), Sewon America (US), and Elsa LLC (US), among others.
Shiloh Industries, Inc. (US) is a leading global supplier of light-weighting, noise, and vibration solutions to the automotive, commercial vehicles, and industrial segments. The company delivers noise, vibration, and harshness (NVH) solutions through design engineering and manufacturing of first operation blanks, engineered welded blanks, complex stampings, and modular assemblies.
Shiloh’s body structure and interior system components embody its desire to keep passengers and cargo safe while providing a silent ride. Shiloh’s manufacturing capabilities are material-agnostic; the company designs and delivers solutions in the best material to meet the product requirements, working with aluminum, magnesium, conventional steel, and advanced high-strength steels.
Market Dynamics
DriversÂ
Government Norms for Fuel-Efficient Vehicles Increase the Market Size
The automotive industry is diversifying rapidly as manufacturers and suppliers race to produce lighter and more powerful at a greater speed. Moreover, factors such as the emergence of innovative lightweight materials, rising uses of alternative fuels, and innovative technology are fostering the vehicle pillar market share. The booming automotive industry, economic growth, and steadily increasing disposable income worldwide create substantial vehicle pillar market demand.Â
Opportunities
The vehicle pillar market is projected to witness significant growth in the recent future. Increasing automotive production would provide significant opportunities for the vehicle pillar market. The increase in demand for vehicle pillars from the automotive industry would create vast growth opportunities. Furthermore, governments in countries across the globe are increasingly reforming vehicle safety, and passenger safety norms are estimated to push the growth of the vehicle pillar market.
With technology updates in driver assistance systems, collision sensors and pedestrian sensors have improved developments of high-quality vehicle pillars. Apart from technological advances, manufacturers have been continually working to increase passenger safety, which, in turn, results in developing vehicle pillars with enhanced safety.Â
Restraints & Challenges
Volatility in Raw Material Shortages Restrain Market Growth
Despite the favorable growth prospects, manufacturers face significant setbacks. For instance, price volatility and the demand-supply gap in the raw materials required for vehicle pillar production act as major headwinds for the market growth. Besides, safety norms compliance requirements pose commercial and compliance challenges for both vehicle and parts manufacturers.
Segment Overview
The global vehicle pillar market is segmented on the basis of pillar type, vehicle type, end market, and region. The pillar type segment is sub-segmented into A pillar, B pillar, C pillar, and D pillar. Among these, the A pillar segment dominates the market size, followed by the B pillar. The vehicle type segment is bifurcated into passenger vehicles and commercial vehicles. The passenger vehicle segment accounts for the highest market share.
The end market segment is sub-segmented into OEMs and aftermarket. The OEM segment accounts for the larger market share. In 2016, the segment accounted for an 88.17% market share in terms of revenue. By region, the market is bifurcated into the Americas (US, Canada, Mexico, Rest-of-North America) and South America, Europe (the UK, Germany, Italy, France, and Rest-of-Europe), Asia Pacific (Japan, India, China, South Korea, and Rest-of-the-APAC), and Rest-of-the-World.
Regional Analysis
APAC Dominates the Global Vehicle pillar Market.
Asia Pacific accounts for the largest share in the global vehicle pillar market. The region accounted for 33.57% market share in 2016. APAC is a larger automotive aftermarket, which positively impacts the vehicle pillar market growth. Besides, factors such as the increase in the adoption of passenger cars and the increase in vehicle pillar adoption in passenger cars drive the market growth.Â
Rising consumer preference for looks and features, alongside the growing demand for light-weighting automotive parts, creates a substantial vehicle pillar market growth. The vehicle pillars demand is largely dependent on vehicle production; therefore, the growing vehicle production in the region would push the demand for vehicle pillars. With the increase in demand for commercial vehicles, the demand for vehicle pillar is expected to grow further.Â
North America Seizes Second Highest Share
North America captures the second-highest share in the global vehicle pillar market. The region is a lucrative market for vehicle pillars. Factors such as the rise in demand for automobiles and the immense demand for commercial vehicles, majorly in the United States, influence the vehicle pillar market share in the region. Moreover, the rapid industrial development and the rise in demand for fuel-efficient technologies are also expected to result in the high demand for vehicle pillars.
Europe Derives a Considerable share in the Global Market
Europe generates a substantial demand for vehicle pillars globally, which influences the total valuation of this market. Heightened demand for vehicle pillars and the investments by several end-use industries position Europe among the strongest contenders in the global market. Furthermore, significant expansions of the OEMs, as well as aftermarkets in the region, add to the vehicle pillar market value.
Recent Developments
Jan 27, 2021 ----Â Industry leaders Constellium and Novelis announced the launch of Alumobility, a non-profit organization that would provide innovative implementation-ready solutions to advance the adoption of aluminum automotive body sheet. Alumobility, an initiative to advance automotive aluminum, is expected to provide the global ecosystem with innovative, technically advanced aluminum design solutions.Â
This global ecosystem of the leading aluminum producers and downstream technology partners would drive value for automakers and consumers by fulfilling the promise of a lighter, more efficient and sustainable mobility future. Alumobility has already developed technical studies that address the next-generation aluminum door and an all-aluminum structural B-pillar.
Jan 07, 2021 ----Â Mercedes-Benz revealed massive pillar-to-pillar hyperscreen - The MBUX. The new Hyperscreen is a curved glass screen that spans the vehicle from pillar to pillar, adding a new sense of awe to the upcoming luxury EQS model. More than just that massive size, the new The MBUX hyperscreen offers unprecedented eases of use and simplicity.
Report OverviewÂ
The vehicle pillar market analysis features unique and relevant factors that would significantly impact the market growth during the forecast period. The detailed vehicle pillar market forecast would help industry players to better understand the market. The MRFR vehicle pillar market analysis elaborates on the historical and current trends boosting the vehicle pillar market growth.Â
Additionally, the analysis of COVID-19 impact on the vehicle pillar market is also included in the report. Regional assessment in this report unlocks several untapped opportunities in regional and international market spaces. Detailed company profiling enables users to evaluate company shares, scope of the existing & emerging product lines in new markets, pricing strategies, innovation possibilities, and much more.
Segmentation Table
Pillar Type
- A Pillar
- B Pillar
- C Pillar
- D Pillar
Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
End Market
- OEM
- Aftermarket
Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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