The global motor vehicle body, stamped metal & other parts market size is expected to grow from $1.21 trillion in 2021 to $1.33 trillion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The global motor vehicle parts market is expected to grow to $1.86 trillion in 2026 at a CAGR of 8.7%.
What is the Global Motor Vehicle Body, Stamped Metal & Other Parts Market?
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).
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What drives the Global Motor Vehicle Body, Stamped Metal & Other Parts Market?
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. According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing and reconfigurable body panels. These innovations are expected to drive the motor vehicle body, stamped metal & other parts market during the forecast period.
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Global Motor Vehicle Body, Stamped Metal & Other Parts Market Segments
The global motor vehicle body, stamped metal & other parts market is segmented:
By Type: Motor Vehicle Body, Stamped Metal, Other Parts
By Application: Passenger Vehicle, Commercial Vehicle
By End-Use: OEM, Aftermarket
By Geography: The regions covered in the motor vehicle body, stamped metal & other parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Motor Vehicle Body, Stamped Metal & Other Parts Global Market Report 2022provides market size and growth forecasts for the global motor vehicle body, stamped metal & other parts market, global motor vehicle body, stamped metal & other parts market share, motor vehicle body, stamped metal & other parts market segments and geographies, motor vehicle body, stamped metal & other parts market competitive landscape including leading competitors’ revenues, profiles and motor vehicle body, stamped metal & other parts market shares. The motor vehicle body, stamped metal & other parts market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Motor Vehicle Body, Stamped Metal & Other Parts Industry Playersinclude General Motors Co, Tenneco Inc, Magna International Inc, Lear Corp, Faurecia SA, Continental AG, Mitsubishi Motors Corp, Plastic Omnium SA, Autoliv Inc, and Aisin Seiki Co ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
