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Side Guard Door Beam is a safety component that is equipped to protect the occupants in the vehicle. These are equipped at both to front and rear door of the vehicle. Road accidents are the eight leading causes of the death of people worldwide. According to the World Health Organization (WHO), globally 1.35 million people are killed in road accidents. The alarming number of death caused by road accidents have forced governments to impose stringent regulations on industries to manufacture vehicles with optimum safety. Ruling organizations worldwide have come up with stringent regulations to minimize the number of road accidents and death tolls. Therefore, it has become mandatory for companies to produce the vehicle with safety features installed in it.
Key Market Driver -
Growing demand for safer and more efficient driving experiences is expected to drive the market.
Key Market Restraint -
Increasing cost of replacement of door beam is expected to hamper the growth of the market.
Side Guard Door Beam absorbs the impact at the time of the collision and accident, and thus reduces the damage to the occupants inside the vehicle. Rising cases of road accidents from the lateral side have resulted in the loss of human lives. This has resulted in an increase in demand for side guard door beams drastically. These beams are available in various materials, designs, and shapes as per the fitment in the vehicle. Door beams are majorly made up of materials like aluminum, steel, or high plastic material; these materials are corrosion resistant, have excellent durability and good strength. These materials can be produced as per the design and requirements of the vehicle. Increasing investment in R&D by major key players to develop a lightweight door beam and can handle similar impacts as the conventional beam is expected to drive the market during the forecast period. Increasing stringent government rules on automobile manufacturing companies to equip safety components is also expected to drive the Side Guard Door Beams market.
Some of the major companies that are present in the Side Guard Door Beams market Include GNS America, H-One Co.Ltd, Benteler Automotive, KVA Stainless, Kirchhoff Automotive Gmbh, Founder Land, Gestamp, IFB Automotive Pvt. Ltd, Arvin Sango Inc, and AISIN Takaoka Co. Ltd, among the other players.
The global side guard door beam market has been segmented into product type, vehicle type, and region. By product type, the global side guard door beam market has been segmented into aluminum, steel, and plastic. The steel guard door beam segment is anticipated to dominate the market during the forecast period as these beams give better stability to the vehicles than other materials. The steel has a high shock-absorbing capacity and high density as compared to aluminum and plastic. The aluminum segment is expected to hold the second-largest position in the market during the forecast period. As aluminum is light in weight it helps to increase the fuel efficiency of the vehicle. By vehicle type, further, the market has been segmented into passenger cars and commercial vehicles.
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Geographically, the side guard door beam market is segmented into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific is expected to dominate the market over the forecast period in terms of value and volume. Owing to an increase in vehicle production and sales in developing countries such as India and China. North America region is expected to be the second-largest market of side guard door beam. Stringent government policies towards the safety of the passenger in this region are expected to fuel the growth of the side guard door beam market. The advancement in the technology of door beams by significant manufacturing industries, towards the safety of occupants is expected to grow the market in this region. Europe is projected to show steady growth in the side guard door beam market over the forecast period owing to stringent regulations to equip the door beam in vehicles.
By Product Type
By Vehicle Type
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