The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing production of passenger cars, light commercial vehicles, buses, and heavy trucks are expected to drive innovation in motor vehicle body manufacturing, thus driving the market during the forecast period.

The global motor vehicle body market is expected to grow from $177.11 billion in 2022 to $195.70 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The global motor vehicle body market size is expected to grow to $281.56 billion in 2027 at a CAGR of 9.5%.

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Global Motor Vehicle Body Market Segments Include:

• By Type Of Vehicle: Passenger Vehicle, Light Commercial Vehicle, Heavy Trucks, Buses, Coaches
• By End Use: OEM, Aftermarket
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global motor vehicle body market in 2021.

Major Market Players in the motor vehicle body market include Motor Coach Industries International, Blue Bird Global Corporation, Gillig, Mickey Truck Bodies, Utilimaster Corporation, Morgan Truck Body.

The automotive industry uses various structural materials, including iron, steel, and other metals. Recently, aluminium has been the most preferred metal in the automotive industry as a material of choice for next-gen and advanced vehicles. According to The Aluminum Association, aluminium is used predominately in the automotive industry due to its cost-effective and environment-friendly way to improve efficiency and performance, reduce emissions, and boost fuel efficiency while improving and maintaining durability and safety. For instance, Tata Technologies announced a collaboration with NIO China to develop NIO’s range of electric vehicles. This partnership was aimed towards the production of the first electric all-aluminum vehicle by NIO. Tata Technologies, a Tata Group company, is engaged in providing services in engineering and design, manufacturing, management, and IT services to automotive original equipment manufacturers and their suppliers.

The Motor Vehicle Body Global Market Report 2023 provides a motor vehicle body market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The motor vehicle body market forecast analyzes motor vehicle body market size, motor vehicle body market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Motor vehicle body refers to the piece of the vehicle that is attached to the chassis, frame, or unibody and includes the fenders, bumpers, windshields, glass, and other similar parts.

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