Motor Vehicle Body, Stamped Metal And Other Parts Global Market To Reach Value Of About $1.92 Trillion In 2025

11 Feb, 2021

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).

Global Motor Vehicle Body, Stamped Metal And Other Parts Market Size And Drivers:

The global motor vehicle body, stamped metal & other parts market is expected to grow from $1.35 trillion in 2020 to $1.42 trillion 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 $1.92 trillion in 2025 at a CAGR of 8%. Advances in technology are expected to be a continued driver of market growth in the forecast period. The motor vehicle body, metal stamping & other parts industry has experienced many technological advances in the last decade and this trend is expected to intensify.

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Trends In The Global Motor Vehicle Body, Stamped Metal And Other Parts Market

Motor vehicle parts manufacturers are using IoT to reduce unscheduled downtimes, thereby increasing operational efficiency. IoT is a system of "connected devices" with the ability to collect and exchange data over a network without any human intervention and assistance. IoT helps motor vehicle parts manufacturers to increase their efficiency by providing real-time information about production processes. In addition, IoT can be used by automobile parts manufacturers to obtain wear and tear data that can prevent equipment failures.

Global Motor Vehicle Body, Stamped Metal And Other Parts Market Segments:

The global motor vehicle body, stamped metal and other parts market is further segmented based on type, application, end use and geography.
By Type: Motor Vehicle Body, Stamped Metal, Other Parts.
By Application: Passenger Vehicle, Commercial Vehicle.
By End Use: OEM, Aftermarket.
By Geography: The global motor vehicle body, stamped metal and other parts 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, stamped metal & other parts market, accounting for 45% of the total market.

Read More On The Report For The Global Motor Vehicle Body, Stamped Metal And Other Parts Market At:
https://www.thebusinessresearchcompany.com/report/motor-vehicle-body-metal-stamping-and-other-parts-global-market-report-2020-30-covid-19-impact-and-recovery

Motor Vehicle Body, Stamped Metal And Other Parts Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides motor vehicle body, stamped metal and other parts market overviews, analyzes and forecasts market size and growth for the global motor vehicle body, stamped metal and other parts market, motor vehicle body, stamped metal and other parts market share, motor vehicle body, stamped metal and other parts market players, motor vehicle body, stamped metal and other parts market segments and geographies, motor vehicle body, stamped metal and other parts market’s leading competitors’ revenues, profiles and market shares. The motor vehicle body, stamped metal and other parts market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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