How Global Motor Vehicle Body Market Players Should Strategize For 2022-2031

The global motor vehicle body market size is expected to grow from $160.11 billion in 2021 to $178.49 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The global motor vehicle body market size is expected to grow to $264.51 billion in 2026 at a CAGR of 10.3%.

What is the Global Motor Vehicle Body Market?

The motor vehicle body market consists of sales of the motor vehicle body and related services. Motor vehicle body industry establishments primarily engaged in the manufacturing of automobile bodies such as truck, bus, and coaches bodies.

Get a Sample of the global motor vehicle body market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=2800&type=smp

What drives the Global Motor Vehicle Body Market?

Increasing production of passenger cars, light commercial vehicles, buses, and heavy trucks is projected to contribute to higher demand for the motor vehicle body. For instance, according to Invest India, the country's annual production in FY 2021 was 22.7 million vehicles and 13 million vehicles from April to October 2021, two-wheelers and passenger cars accounted for 81.2% and 14.6% of shares respectively. Thus, an upsurge in the production of motor vehicles and rising investments are anticipated to drive the demand for motor vehicles body favoring the market’s growth.

Get the full global motor vehicle body industry report here

Global Motor Vehicle Body Market Segments
The global motor vehicle body market is segmented:
By Type of Vehicle: Passenger Vehicle, Light Commercial Vehicle, Heavy Trucks, Buses, Coaches
By End-Use: OEM, Aftermarket
By Geography: The regions covered in the motor vehicle body market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Motor Vehicle Body Global Market Report 2022provides market size and growth forecasts for the global motor vehicle body market, global motor vehicle body market share, motor vehicle body market segments and geographies, motor vehicle body market competitive landscape including leading competitors’ revenues, profiles and market shares. The motor vehicle body market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Motor Vehicle Body Industry Playersinclude Motor Coach Industries International, Blue Bird Global Corporation, Gillig, Mickey Truck Bodies, Utilimaster Corporation, Morgan Truck Body, Morgan Olson, McNeilus Companies, Truck Bodies & Equipment International, and Reading Truck Body. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.