Side guard door beams market value is estimated to reach a significant growth rate a CAGR of 5.10% with USD 3,433.5 million in 2022.
The Side guard door beam also known as the Die Quench door beam is a safety component that protects the passenger sitting inside the car from a collision. This safety feature is designed in modern cars to protect the passenger and the driver. When a collision takes place on one side of the vehicle, the beams absorb the energy and protect the occupants inside the vehicle. The absence of side guard door beams can throw a huge impact on the occupants and the door might not be able to sustain the force applied during the crash. The side guard door beam markets have been witnessing significant growth over the last few years. The market is expected to retain the same growth in the coming years as well.
Due to the increase in the demand for safety measures and efficient driving, the side guard door beams market size may experience a large expansion in the coming years.
The sudden outbreak of the COVID-19 pandemic has affected various companies across the world. The planned production of the companies has been impacted immensely due to the disruption in the supply chain. Lockdown was imposed by the governments of various countries. Many workers lost their jobs during this time because of salary cuts. This pandemic has made the automotive industry to re-think about continuing the business.
The supply of raw materials from one country to another came to a halt due to the ongoing COVID-19 pandemic across the world. Hence, the manufacturing companies were unable to produce their products. After the lockdown, things are getting better and can change the present side guard door beams outlook in a positive way. The side guard door beams market also started to show a steady growth rate.
List of Key Companies
Global Side Guard Door Beams Market, By Segmentation
The enhancing demand for safe vehicles and the rising security concerns are some of the major factors that are responsible for driving the side guard door beams market during the forecast period. The markets have been growing at a constant speed over the last few years. The stringent government policies that are implemented for the safety of the passengers are estimated to induce the growth of the market.
There has been a rise in the production of vehicles which in turn has increased the growth in the sales rate of the vehicles. Due to this reason, the number of road accidents has highly increased. Hence customers are demanding safety measures in their cars. This can create an opportunity for the growth in the side guard door beams market revenue in the forecast period. Also, the stringent government regulations are creating a major opportunity for the side guard door beams market.
The improved quality of the doors of the vehicles due to the reinforced frame is one of the major factors that can restrain the growth of the side guard door beams market. Also, the cost of replacement of the door beam is quite high. Hence, it may prevent the growth of the market.
The side guard door beams are mostly made up of aluminum and steel because these raw materials have got high qualities like malleability, ductility, and are highly resistant to corrosion. The manufacturers are trying to develop and design strong, light-weighted side guard door beams that can not only help to protect the passenger in the vehicle but also can make the car light-weighted. Producing such innovative side guard door beams to meet the customer demands is challenging for the automotive side guard door beams industry.
There are many things that may affect the side guard door beams market and restrain its growth. However, there are also many factors that may help in the growth of the market and help it to reach a significant mark with a CAGR rating of 5.10%. Due to the demand for safety features in vehicles and effective driving, manufacturers will produce more new products with advanced technologies.
Value Chain Analysis
According to the Association of Safe International Road Travel, almost 1.3 million people die every year in road accidents. Thus, the governments and the automobile manufacturers are constantly trying to implement different policies to make the people aware of the safety in vehicles and efficient driving. The manufacturers are being forced by the legal authorities to produce vehicles that strictly follow the industry safety standards. Therefore, the development of the side guard door beams is considered to be one of the best safety solutions for passengers. The development of the side guard door beams from materials that are having a long lifespan and are light in weight will play a very important role in the coming years.
The side guard door beams market is segmented into three parts. They are- by position, by vehicle type, and by material type. Here is a list of the segments and their sub-segments.
By Material Type,
By Vehicle Type,
The side guard door beams market share is segmented into various regions such as North America, South America, Asia Pacific, Europe, and the Middle East and Africa (MEA). The Asia Pacific region is estimated to show huge growth in the market of side guard door beams during the forecast period. Countries like India and China are having a large production of steel. Therefore, along with the rise in the number of manufacturers, there has been a rise in the demand for side guard door beams. The Chinese automakers are making new trade-friendly policies that help them to develop a huge number of vehicles. With this increase, there will be significant side guard door beams market growth in the coming years.
Recently, many new companies are joining the side guard door beams market with new strategies and innovative technologies. GNS America, Benteler Automotive, KVA Stainless, and H-One Co. Ltd are the top players responsible for the growth of the side guard door beams. Here is a list of the other players that are constantly putting an effort to expand the side guard door beams market.
There are no recent developments in the market of side guard door beams.
The side guard door beams market research report outlines the growth of the market along with the factors that are affecting the growth such as drivers, challenges, opportunities, and restraints. It is a detailed report that also focuses on the recent developments of the market and the constantly changing side guard door beams market trends. The impact of COVID-19 in the market along with an analysis based on regions, competitive landscape, and the division of the market into segments are also clearly mentioned in the report.
|Market Size||2022: USD 13,433.5 Million|
|CAGR||2027: Substantial CAGR|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Benteler Automotive (Minchigan), Founder Land (China), IFB Automotive Private Ltd. (India), GNS America (U.S.), KVA Stainless (North America), Gestamp (Madrid Spain), AISIN Takaoka Co. Ltd (Japan), H-One Co. Ltd. (Japan),Arvin Sango Inc (Japan), Kirchhoff Automotive Gmbh (Germany)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The growth of side guard door beams market is indicated towards growing automotive industry, rise in need for safety, and stringent government regulations.
The products and applications are the segments included in the study.
North America, Asia Pacific, Europe are actively grossing the highest market revenue.
H-One Co. ltd (Japan), GNS America (U.S.), KVA Stainless (North America), Benteler automotive (Minchigan) are the competitors grossing high market share.
Asia Pacific occupied the largest market share with a valuing of USD 1,794.3 Million in the recent years.