Pune, India, December 19, 2017 /MRFR Press Release/- Market research future published a cooked research report on global side guard door beams market. Side guard door beams market is expected to grow at CAGR of around 5.10% during the period 2017 to 2023.
Side Guard Door Beams is the safety beam that protects the passenger in the event of an accident. They absorb the energy that is exerted on the vehicle to protect the passenger from any injury. If the side guard door beams are not used in the vehicle, then the impact would be very high and the door would not sustain any kind of force that is exerted on it. They are mainly of three types, steel, aluminum, and plastic. Steel and aluminum are commonly used while plastic is rarely used due to less sustainability. Innovation and technology advancement together is an important aspect in the automotive industry so as to determine the market share of the company. If the company is highly innovative, the market share will also be great. In case of side guard door beams, the technology progress is medium as the complexity of the technology used is not too. In order to make side guard beam innovative, there are various materials used so as to make them efficient and durable. In future, aluminum side guard door beams are going to be a trend due to the light weight and improved fuel efficiency.
On the basis of regions, the market has been segmented based on regions as North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to dominate the market during the forecast period. In Asia Pacific, China majorly contributes in the steel industry, but in recent times the steel market in China, has declined. The growth of the component manufacturers has taken a different route than other regions. The Japanese producers have maintained strong relationships with their suppliers. The rising competition and increase in the trade, globally, have led to the improved distribution system, across various developing nations. Also, the automotive industry in China continues to grow due to increased production of passenger and commercial vehicles. FDI is one of the major factors for the growth of automotive industry in China. Automakers in China are developing new and trade friendly policies that enable them to produce a larger number of vehicles. This increase in the number of vehicles, will result in the growth of the automotive side guard door beams market during the forecast period. North America is the second largest market accounted for the highest market share. In North America, automobile manufacturers will continue to see an increase in sales of the passenger cars. The increase in demand of the new vehicles will enable the growth of the auto components suppliers. This increase in demand of passenger cars, will result in growing safety of drivers in the car. The growing safety will result in increased use of side guard door beams in cars. The increase in use will result in the growth of the market during the forecast period. In North America, U.S. has dominated the side guard door beams market due to the rising concerns regarding vehicle safety. The auto market in the U.S. has been powered low interest rates and low fuel price, which is expected to allow the market to grow during the forecast period.
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Global Side Guard Door Beams Market Size, 2017-2023(CAGR)
Scope of the Report
This study provides an overview of the global side guard door beams market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Side Guard Door Beamss market by its type, electric drivetrain type, vehicle type, and region
The key players in global side guard door beams market are GNS America (U.S.), H-One Co. ltd (Japan), Benteler automotive (Minchigan), KVA Stainless (North America), Kirchhoff Automotive Gmbh (Germany), Founder Land (China), Gestamp (Madrid Spain), IFB Automotive Pvt Ltd (India), Arvin Sango, Inc. (Japan), AISIN Takaoka Co., Ltd (Japan), and others.