Automotive Pillar Unit Market Forecast to Reach $7.4 Billion by 2026
The Automotive Pillar Unit Market forecast to reach $7.4 billion by 2026, growing at a CAGR of 5.5% from 2021 to 2026. The Automotive Pillar Unit Market is estimated to witness sustainable growth over the forecast period majorly because of increase in the Automobile production which provides high safety to the customers. The major purpose of the automotive pillar is to provide structural support for the vehicle's roof panel and is designed for fixing the front door and mounting the hinges for the rear doors largely using steel and plastic composites. As one of the costliest body components to develop or re-tool, a vehicle's roof and door design along with windshield pillars are a major factor in meeting safety and crash standards. This uplifts the market growth of Automotive Pillar Unit Sales globally. On the other hand, rise in manufacturing of roofless cars and increasing demand for light-weight vehicles tends to be a major challenge in the Automotive Pillar Unit Sales Market globally.
Automotive Pillar Unit Market Segment Analysis - By Vehicle Type
Passenger Vehicle has dominated the Automotive Pillar Unit Market with a share of 69% in 2020 as compared to other Vehicle types. The demand for Automotive Pillar Unit in Passenger Vehicles is growing because, in an automobile, the pillar provides structural support for the vehicle's roof panel and is designed for fixing the front door and mounting the hinges for the rear doors. Mainly in passenger Vehicles, the mounting of all four pillars, which are Pillar A, Pillar B, Pillar C and Pillar D all are available for offering larger accommodation and safety. This tends to uplift the adoption of pillar units in Passenger vehicles in large amount further increasing the market growth of Automotive Pillar Units Market.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=507872
Report Price: $ 5900 (Single User License)
Automotive Pillar Unit Market Segment Analysis - By Material Type
Carbon steel holds the largest market in Automotive Pillar Unit Market at 32% share in 2020 as the type of material used in manufacturing of pillars. Carbon steel is having the highest tensile strength among material types. It has high shock resistant power. It provides better aerodynamic feature to majority of automobiles. On the other hand, the rise in manufacturing of light-weight vehicles due to increasing demand of fuel-efficient vehicles has brought a major barrier in Carbon steel components in automobiles and driving adoption of plastic composites. Carbon steel is comparatively heavier and denser than other materials. It is strong and less likely to warp, deform or bend underweight, force or heat. With technology upgrades in Automotive Pillar Units and developments in material used in manufacturing, the adoption of Aluminium alloys has been a major key trend in the market and is expected to increase in the forecast period. Aluminium alloys are much lighter than carbon steel and it does not erode or rust easily thus driving market growth.
Automotive Pillar Unit Market Segment Analysis - By Geography
Asia-Pacific has been accounted for being the highest market in Automotive Pillar Unit Market among all the regions with a share of 36% in 2020. The market growth in this region is predominantly rising due fast-growing economies such as China, India, Japan and Others. According to International Organization of Motor Vehicle Manufacturers, the total production of vehicles in Asia-Pacific is accounted to be the highest among other regions of about 49 million vehicles in 2019 which further boosts the Automotive Pillar Unit Market in this region. Fulfilling the demands of users of high performance and high safety automobiles has brought a huge demand of Automobile components including Door hinges. On the other hand, APAC is closely followed by North America due to increase in industrialization of large amount of component manufacturers, which tends to uplift its market growth in Automotive Pillar Unit Sales in the forecast period.
Automotive Pillar Unit Market Drivers
Rise in Production of Automobiles drives market growth
Fast growing economies in Asia-Pacific and North America are contributing exponentially in Automotive Pillar Unit Market. This has promoted the development in manufacturing of components of automobiles including Pillar units made from plastic composites and carbon steel. Installation of pillar units provides structural support for the vehicle's roof panel and is designed for fixing the front door and mounting the hinges for the rear doors. According to International Organization of Motor Vehicle Manufacturers, the overall production of automobiles globally was accounted to be 91 million vehicles among which Asia-Pacific and North America has been a major contributor in global production. Increasing manufacturing of automobiles in the global market propels the market of Automotive Pillar Units in global Market.
Initiative taken by Government drives market growth
The rise in Government initiatives to increase the manufacturing of high safety automobiles which can resist high intensity crashes and provide maximum safety to the customers tends to promote the market of Automotive Pillar Units as windshield and other pillars are one of the important components of the body of automobiles. To achieve this goal of mass manufacturing of high safety vehicles with greater fuel-efficiency, the first step was to decrease the overall weight of an automobile and use other material types which can offer safety and do not increase the overall weight. To achieve this need, Aluminium alloy was adopted for manufacturing by Automotive industry as it offers low weight with high durability and tensile strength. This adoption has brought a major uplift in the market growth of Automotive Pillar Unit globally.
Download Sample Report @ https://www.industryarc.com/pdfdownload.php?id=507872
Automotive Pillar Unit Market Challenges
Adoption of Roofless vehicles and High Installation cost
One of the major challenge faced by Automotive Pillar Unit Market globally is the rising adoption of Roofless Vehicles over traditional roof-type vehicles. With the increasing demand of Roofless vehicles, the market players of automotive industry are abandoning the intake of pillars from other component manufacturers. It has adversely affected the Automotive Pillar Unit Sales Market. Moreover, installation of Pillar units in automobiles requires high cost assembly and maintenance charges, even with material being lower cost plastic composites. This has brought a major challenge in the market growth of Automotive Pillar Unit Sales globally.
Automotive Pillar Unit Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Automotive Pillar Unit Market. The Automotive Pillar Unit Sales Market is dominated by major companies such as KIRCHHOFF Automotive, Gestamp, Continental AG, Magna International Inc., Aisin Seiki Co., Ltd., GEDIA Automotive Group, G-Tekt Corporation, Martinrea International Inc., Meleghy Automotive, Grupo Antolin and Huazhong Holding.
Acquisitions/Technology Launches/Partnerships
In November 16, 2020 Continental AG launched their new technology in Plastics Expertise for Thermo Management at Specialist Tech Centers. Researchers claims to offer fewer CO2 emissions, lightweight solutions by adopting new materials and connection concepts.
In October 25, 2019 Continental AG enhances Driver Safety by Eliminating Forward Blind Spots pairs by providing interior camera and integrated OLED displays in the vehicle’s A-pillar for increased visibility and safety. The Continental Virtual A-Pillar tracks the driver’s movements and displays an image of the vehicle’s exterior environment on the interior OLED displays, enabling the driver to see through the A-pillar.
Key Takeaways
The Automotive Pillar Unit Market is estimated to witness a sustainable growth over the forecast period because of increase in the Automobile production which provides high safety to the customers.
The Automotive Pillar component is a key technology in a vehicle operation. It provides a proper structural support for the vehicle's roof panel and is designed for fixing the front door and mounting the hinges for the rear doors. This is a key factor that drives the Automotive Pillar Unit Market.
The development in fuel-efficient automobiles has increased which leads to deployment of low-weight components of vehicles. This development propels the manufacturers to build low-weight pillars which enhance the market of Automotive Pillar Units globally.
Rise in Governmental regulations in Automotive Industry for the production of high-safety automobiles with high shock absorbing technology tends to propel the market growth of Automotive Pillar Unit Market globally.
Related Reports :
A. Automotive Chassis Market
https://www.industryarc.com/Report/18130/automotive-chassis-market.html
B. Electric Vehicle Market
https://www.industryarc.com/Report/18508/electric-vehicle-market-research-report-analysis.html
For more Automotive Market reports, please click here
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
