Automotive Cross Car-Beam Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Automotive Cross Car Beam Market Size

Automotive Cross-Car Beam Market Trends and Growth Drivers

Increasing Adoption of Lightweight Materials Is Key Trend

• One of the major trends in the market is the increasing adoption of lightweight materials.
• Materials such as aluminum and high-strength steel have gained importance as manufacturers are trying to meet the customer demands for sustainable vehicles, along with complying with stringent fuel efficiency regulations.
• Lightweight materials offer great potential for increasing the operational efficiency of vehicles. As per the report by the Office of Energy Efficiency and Renewable Energy, a 10% reduction in the vehicle weight can result in a 6–8% improvement in fuel economy.
• With the help of lightweight materials, the ongoing efforts of the automotive industry to lower vehicle weight, while maintaining the safety and the structural integrity of the vehicle, are bearing fruit.
• The increasing adoption of these materials is mainly due to the high requirement of decreasing harmful emissions and increasing efficiency.
• Using these products, the vehicles will be much lighter and require less power to move than those with traditional high-density metals, resulting in less fuel consumption and greenhouse gas emissions.
• Vehicles integrated with these lightweight beams are quicker and display better agility on the road, which boosts customers’ overall driving experience.

Advancements in Technology Are Major Drivers for Market

• The technological advancements in vehicles have greatly impacted this market, by improving safety equipment and boosting overall vehicle performance.
• With this, cross-car beams have now become a multifunctional platform that contains several sensors and electronic systems.
• This market is experiencing rapid growth due to the improvements in material science, integration abilities, and production techniques.
• This integration also helps in the easy installation of the components of advanced driver assistance systems (ADAS), including collision avoidance, adaptive speed control, and lane-keeping assistance systems, which greatly benefits the automotive industry and the public at large.
• Due to the advancements in manufacturing technologies that enable customization and higher efficiency, the landscape of the cross-beam market has completely changed.
• Methods such as laser engravings, additive production, and hydroforming have simplified the manufacturing process.

Fluctuating Raw Material Prices Can Hamper Market Advance

• The fluctuating prices of raw materials are one of the major challenges for the market.
• Usually, the major components used in these components are steel, aluminum, and composite fibers, all of which experience notable fluctuations in price.
• Their price is affected by several factors, such as geopolitical tension, currency exchange, and global demand. These factors ultimately affect the whole automotive supply chain.
• Due to these disruptions, suppliers alter their pricing approaches and pass on these additional expenses to automakers.
• This results in higher expenses for OEMs, which might decrease their competitiveness and financial sustainability.
• These fluctuations in the prices also complicate the planning and long-term budgeting for vendors and automakers, hindering their strategies and decisions about investments.

Automotive Cross-Car Beam Market – In-Depth Segmentation Outlook

Vehicle Type Insights

• The passenger cars category is holding the larger market share, of 55%, in 2024, and it is expected to do the same in the coming few years.
• This is because passenger cars are produced and bought in large numbers around the world.
• According to The Economic Times, about 4.1 million passenger vehicles were sold in India in 2023, which was an increase of about 8.2% from 2022, with sales of 3.79 million units.
• Due to the high demand among consumers, OEMs have the necessity to enhance the process of production and reduce costs.
• One of the major reasons for the high demand for cars is urbanization.
• In many regions, the rise in the disposable income along with the urbanization rate, leads to the increasing production of passenger cars.
• The technical developments in passenger cars, primarily in material science and production processes, are also one major reason for the growth of the market in this category.
• Nowadays, consumers prefer modern, sleek, and enhanced designs, along with improved safety features and exceptional driving experiences. To fulfill these needs, automakers are extensively incorporating cross-car beams which is fueling the market.

The major vehicle types included in this report are:

• Passenger Cars (Largest Category)
• Light Commercial Vehicles (Fastest-Growing Category)
• Heavy Commercial Vehicles

Material Type Insights

• The metals bifurcation holds the larger market share, of 70%, in 2024, and it is predicted to grow at a CAGR of 6.0% in the forecast period.
• Vehicles regularly encounter environmental changes, such as moisture, dust, and variations in temperature, due to which several challenges arise.
• To overcome these difficulties, metals are widely used in vehicles to provide exceptional resistance against several factors, such as corrosion and fatigue.
• Metals are popular for their cost-efficiency, along with long-term performance and reliability, over other materials.
• These materials include aluminum and steel, which provide higher durability and strength over simple iron.
• Cross beams that are produced using metals provide passenger safety, as metals have a great ability to absorb energy, which helps in the dispersal of the force generated during mishaps. This prevents the deformation of the vehicle’s dashboard, resulting in passenger safety.

During the study, we analyzed two material types in the report:

• Metals (Larger and Faster-Growing Category)
• Polymers

Sales Channel Insights

• Original equipment manufacturers (OEMs) hold the larger market share, of 65%, in 2024, and they are expected to do the same in the coming few years.
• OEMs have immense expertise in automotive design, production, and installation, which is the key reason for their lead the market.
• They have huge and developed production facilities with all the modern equipment to satisfy the needs of consumers.
• They can achieve cost reductions in production, as a result boosting the financial feasibility of their components.
• They also utilize the strong collaborations and partnerships with material suppliers to have ample material stocks, to maintain production levels.
• OEMs are in a better position to stay abreast of the changing preferences and needs of customers, via extensive market research, allowing them to tailor their offerings.

The sales channels included in this report are:

• Original Equipment Manufacturers (OEM) (Larger Category)
• Aftermarket (Faster-Growing Category)

Geographical Analysis

• The Asia-Pacific region holds the largest share of the market, of 50%, and it is expected to do the same in the coming years.
• The improving social and economic circumstances in this region boost the demand for personal vehicles.
• This market in the Asia-Pacific region benefits from the strong government support aimed at boosting research and development for vehicle manufacturing and operational technologies, as well as fuel economy.
• To boost investment in the automotive sector and establish a beneficial environment for both international as well as domestic players, governments of various countries in this region have implemented various tax breaks, incentives, and subsidies.
• The continuous efforts of manufacturers to satisfy the needs of customers, while complying with the regulations concerning mileage and emissions, is a crucial reason for the growth of the automotive cross-car beam market in this region.
• The broad network of material and part suppliers, automotive manufacturers, and research institutions in the region boosts creativity, innovation, and the exchange of valuable information.

The regions and countries analyzed are:

North America

• U.S (Larger and Faster-Growing Country Market)
• Canada

Europe

• U.K. (Fastest-Growing Country Market)
• Germany (Largest Country Market)
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific (APAC) (Largest and Fastest-Growing Regional Market)

• China (Largest Country Market)
• India (Fastest-Growing Country Market)
• Japan
• South Korea
• Australia
• Rest of APAC

Latin America (LATAM)

• Brazil (Fastest-Growing Country Market)
• Mexico (Largest Country Market)
• Rest of LATAM

Middle East and Africa (MEA)

• Saudi Arabia (Largest Country Market)
• South Africa
• U.A.E. (Fastest-Growing Country Market)
• Rest of MEA

Market Nature – Fragmented

This market is highly fragmented because of the existence of several domestic and international players. The continuous appearance of the new players is affecting the existing providers, who have been forced to innovate their cross-car beams and keep them affordable. With plenty of entities, automotive organizations can choose any provider to fulfill their design, manufacturing, and distribution needs.

Cross-Car Beam Industry News

• In April 2024, KIRCHHOFF Automotive announced that the new production building at its Mexican plant in Puebla will open in spring.
• In July 2023, SSAB and KIRCHHOFF Automotive started a collaboration on fossil-free steel. Through this collaboration, KIRCHOFF Automotive aims to reduce its CO2 footprint by 40%.