Latest News- Automotive Cross Car Beam Market: OEM is expected to lead the Distribution Channel segment during 2025-2029

The Automotive Cross Car Beam Market is being driven by Increased adoption of SUVs by consumers

The Automotive Cross Car Beam Market is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 595.8 million. In response to stringent emission norms, automotive component manufacturers are prioritizing the development of advanced, lightweight, and cost-effective products. To achieve this, they are increasingly adopting additive manufacturing, or 3D printing, technology. This process, which uses computer-aided design to create components by adding layers of raw material, reduces waste and lowers costs. Additionally, additive manufacturing enables the production of highly intricate components with advanced design and material compositions. As a result, manufacturers can meet the demand for lightweight and high-strength cross car beams, expanding opportunities for innovation in this market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • OEM
  • Aftermarket
• Type
  • SUV or MPV
  • Hatchback
  • Sedan
• Material
  • Aluminum
  • Steel
  • Polymer composites
  • Magnesium
• Manufacturing Type
  • Stamping
  • Extrusion
  • Injection molding
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased adoption of SUVs by consumers
• Enhanced safety offered by cross car beams
• Rising sales of luxury vehicles

However, the market also witnesses some limitations, which are as follows:

• Volatility in passenger vehicle sales
• Fluctuations in raw material prices of raw materials
• Complexities in design of cross car beam

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Market Scope in Automotive Cross Car Beam Market Research Report

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Research Analysis Overview

The Automotive Cross Car Beam market is centered around the use of arms or beams as part of a vehicle's frame structure for enhancing occupant safety and crashworthiness. Acura TLX, for instance, employs magnesium beams. Regulatory authorities impose safety regulations on automakers, prioritizing safety features like airbags, steering wheels, and dashboards. Lockdowns, travel restrictions, and health concerns have affected manufacturing facilities, leading to production priorities shifting towards lightweight composites for side crash and lateral impact protection. Original equipment manufacturers (OEMs) focus on supply chain manufacturing and personnel safety amidst these challenges.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, market size is determined by the consolidated revenue of automotive components and equipment manufacturers. Key growth drivers in this sector include the rising demand for electronic components in automobiles, such as electronic control units (ECUs) and other electrical components, fueled by escalating sales of EVs, motorcycles, and PCs over the past decade. Additionally, the emphasis on enhancing vehicle safety and crashworthiness through advanced components, such as magnesium beams, will further boost market expansion. Automakers continue to invest in research and development to meet evolving consumer demands and travel restrictions, further fueling market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/