The motor vehicle body, stamped metal, & other parts market consists of sales of motor vehicle bodies, stamped motor vehicle metals, & other motor vehicle parts and related services by entities (organizations, sole traders and partnerships) that produce motor vehicle stampings, such as fenders, tops, body parts, trim, and moldings or produce and/or rebuild motor vehicle parts and accessories (except motor vehicle gasoline engines and engine parts, motor vehicle electrical and electronic equipment, motor vehicle steering and suspension components, motor vehicle brake systems, motor vehicle transmissions and power train parts, motor vehicle seating and interior trim, and motor vehicle stampings). The motor vehicle body, metal stamping & other parts market is segmented into motor vehicle body; stamped metal and other parts.
The global motor vehicle body, stamped metal & other parts market is expected to grow from $1358.25 billion in 2020 to $1424.33 billion in 2021 at a compound annual growth rate (CAGR) of 4.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1928.67 billion in 2025 at a CAGR of 8%.
