Servo Motors and Drives Global Market Report 2023 – By Type (Motor, Drive), By Voltage Range (Low-Voltage, Medium-Voltage), By End User (Automotive, Oil and Gas, Healthcare, Packaging, Semiconductor and Electronics, Chemicals and Petrochemicals), By Offering (Hardware, Software) – Market Size, Trends, And Global Forecast 2023-2032

Servo press refers to the press driven and controlled by servo motor. The digital servo press is used to make metal sheets with low formability. It is powered by the servo motor or by a gearbox. It is also used for deeper drawing or difficult drawing. The main motor types in digital servo press are continuous rotation, linear rotation, and positional rotation. Continuous rotation servo motor can rotate in any direction indefinitely. These motors are commonly used in radar dishes. The machine comes with various force ranges such as less than 100KN, 100KN–200KN, and more than 200KN, and is used in different applications including automotive, electronics, aerospace, and others. The global digital servo press market is segmented - 1) By Motor Type: Continuous Rotation, Linear Rotation, Positional Rotation 2) By Force Range: Less than 100KN, 100KN-200KN, More than 200KN 3) By Application: Automotive, Electronics, Aerospace, Other Applications The global digital servo press market size grew from $2.23 billion in 2022 to $2.51 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the digital servo press market is expected to grow to $3.77 billion in 2027 at a CAGR of 10.7%. The increase in demand from the automotive industry is significantly contributing to the growth of the digital servo press market. The automotive industry includes the companies involved in designing and manufacturing motor vehicles and their components such as bodies and engines. In the automobile sector, digital servo press machines are utilized in the high-volume manufacture and assembly of vehicle parts. For instance, according to the India Brand Equity Foundation, domestic automobile production reached 26.36 million units in 2020, with a 2.36% compound annual growth rate. Furthermore, according to LMC Automotive, an automotive industry information provider, globally over 111 million cars are expected to be sold by 2032. Therefore, the increase in demand from the automotive industry is driving the growth of the digital servo press market. Major players in the digital servo press market are JANOME Corporation, Promess Incorporated, Kistler Instruments India Pvt. Ltd., SINTOKOGIO Ltd., C&M Robotics Co. Ltd., AIDA Engineering Ltd., TOX PRESSOTECHNIK Ltd., THK Co. Ltd., IAI America Inc., FEC Ltd., Sanyo Machine Works Ltd., Stamtec Inc., Dai-ichi Dentsu Ltd., CORETEC Inc., and AMADA Press System Co. Ltd. Product innovations are shaping the digital servo press market. Major players in the digital servo press sector are focusing on product advancements to build more energy-efficient and high-speed digital servo press machines. For instance, in May 2021, AIDA Engineering Ltd., a Japan-based machine manufacturing company introduced a new 4000 kN 2-point servo press with an artificial intelligence learning feature that autonomously diagnoses the press's condition. Its key characteristics include greater speed, which, when paired with AIDA's factory automation, increases the press's overall productivity. In April 2020, AIDA Engineering Ltd., a Japan-based machine manufacturing company that provides servo press machines merged with Access Ltd for an undisclosed amount. With this merger deal, AIDA Engineering Ltd aimed to expand and strengthen its core businesses including the press business of factory automation products. Access Ltd. is a Japan-based technology company. Asia-Pacific was the largest region in the digital servo press market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital servo press market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the digital servo press market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The digital servo press market consists of sales of digital servo press including signal amplifiers, active motor cooling, controller, and software. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The digital servo press research report is one of a series of new reports from The Business Research Company that provides digital servo press statistics, including digital servo press industry global market size, regional shares, competitors with digital servo press share, detailed digital servo press segments, market trends and opportunities, and any further data you may need to thrive in the digital servo press industry. This digital servo press research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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. The main types of vehicles in the motor vehicle body are passenger vehicles, light commercial vehicles, heavy trucks, buses, and coaches. Passenger vehicles are designed and constructed for the carriage of people and their luggage. These are used in the OEM and aftermarket. The global motor vehicle body market is segmented - 1) By Type Of Vehicle: Passenger Vehicle, Light Commercial Vehicle, Heavy Trucks, Buses, Coaches 2) By End Use: OEM, Aftermarket The global motor vehicle body market size will grow from $177.11 billion in 2022 to $195.70 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global motor vehicle body is expected to grow to $281.56 billion in 2027 at a CAGR of 9.5%. 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 from April to October 2021, two-wheelers and passenger cars accounted for 81.2% and 14.6% of the shares, respectively. Thus, an upsurge in the production of motor vehicles and rising investments are anticipated to drive the demand for growth of motor vehicle body market. Major players in the motor vehicle body market are 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. Fluctuating prices of metals such as steel, iron, and aluminium are projected to limit the growth of the motor vehicle body market. For instance, according to the pioneer data 2022, the current high prices of aluminium are at an average of $2200/t in 2021 with marginal deceleration in 2022. Iron ore prices increased by nearly 25% in the first quarter of 2021, owing primarily to unabated Chinese demand. Therefore, the fluctuations in the price of metal are anticipated to hinder the growth of the motor vehicle body market in the forecast period. 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. In September 2022, Mullen Automotive, a US-based electric vehicle company, acquired Bollinger Motors for $148.2 million. This acquisition will increase Mullen's stock of medium-duty trucks and sport utility vehicles with Bollinger's designs. Bollinger Motors is a US-based automobile manufacturer of electric vehicles. Asia-Pacific was the largest region in the motor vehicle body market in 2022. Western Europe was the second largest region in the global motor vehicle body market share. The regions covered in the global motor vehicle body market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motor vehicle body market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia. The motor vehicle body market consists of sales of fenders, bumpers, windshields, glass, seats, motor, transmission, air conditioning condenser, and radiator. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The motor vehicle body market research report is one of a series of new reports from The Business Research Company that provides motor vehicle body market statistics, including motor vehicle body industry global market size, regional shares, competitors with a motor vehicle body market share, detailed motor vehicle body market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle body industry. This motor vehicle body market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Motor vehicle refers to any land vehicle that is not propelled by human muscle power, including cars, motorbikes, autocycles, and slow-moving vehicles. An engine or motor, typically an internal combustion engine, an electric motor, or a hybrid of the two, such as a plug-in hybrid or hybrid electric vehicle, provides the propulsion for the vehicle. The main types in the motor vehicles market are motorcycles and bicycles, passenger cars and commercial vehicles. A commercial vehicle refers to a vehicle that is used for commercial purposes. The various fuel types include gasoline, diesel, and other fuel types. These have an engine capacity of 1000 cc, 1000-1500 cc, 1500-2000 cc, and >2000 cc. These have propulsion types such as ic engines and electric vehicles. The global motor vehicles market is segmented - 1) By Type: Motorcycle And Bicycle, Passenger Car, Commercial Vehicle 2) By Fuel Type: Gasoline, Diesel, Other Fuel Types 3) By Engine Capacity: <1000 cc, <1000-1500 cc, <1500-2000 cc, >2000 cc 4) By Propulsion Type: IC Engine, Electric Vehicle Subsegments Covered: Motorcycles And Parts, Bicycles And Parts, Motor Scooters, Other Motorcycle And Bicycle, Hatchback, Sedan, Utility Vehicle, Light Commercial Vehicle, Heavy Trucks, Buses And Coaches The global motor vehicles market size grew from $2398.24 billion in 2022 to $2643.91 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motor vehicles market is expected to grow to $3818.12 billion in 2027 at a CAGR of 9.6%. The motor vehicles market is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the motor vehicles market during the forecast period. Major companies in the motor vehicles market include Volkswagen AG, Toyota Motor Corp, Daimler AG, Ford Motor Co, Honda Motor Co Ltd., Fiat Chrysler Automobiles NV, SAIC Motor Co Ltd., EXOR Group, Bayerische Motoren Werke AG, and Hyundai Motor Co Ltd. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the motor vehicles market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries-imposed lockdowns. The outbreak is expected to continue to hurt businesses throughout 2020 and into 2021. However, it is expected that the automotive industry will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Motor vehicle manufacturers, especially car manufacturers, are increasingly focusing on the commercialization of cars with active window displays. The active window displays will show all key driving information on the windshield. It shows information such as navigation instructions, fuel level information, vehicle speed, and other information. Some car manufacturers are also offering technologies that can be fixed on the dashboard of a car. For instance, in 2021, Huawei revealed its latest innovation at the Munich International Automobile Expo in Germany. The new AR HUD technology is an augmented reality-based system that transforms a car's front windshield into a smart display. Asia-Pacific was the largest region in the motor vehicles market in 2022. North America was the second largest market in automotive motors market. The regions covered in the motor vehicle parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the motor vehicles market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The motor vehicles market consists of sales of bicycles and parts, motor scooters, other motorcycle and bicycle, hatchback, sedan, utility vehicle, light commercial vehicle, heavy trucks, buses and coaches. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The motor vehicles market research report is one of a series of new reports from The Business Research Company that provides motor vehicles market statistics, including motor vehicles industry motor vehicles market size, regional shares, competitors with a motor vehicles market share, detailed motor vehicles market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle industry. This motor vehicles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and

Motor vehicle part refers to any component that is typically fixed, glued, or otherwise attached to or a part of a vehicle, including the vehicle frame. It also comprises fragments of any such component. The main types of motor vehicle parts are motor vehicle bodies, stamped metal & other parts; motor vehicle engines; power train & parts; motor vehicle electrical & electronic equipment; steering suspension; & interiors. The motor vehicle body refers to the parts of the motor vehicle that help in certain functions they perform. The various applications include passenger vehicles and commercial vehicles. These are used in the OEM and aftermarket. The global motor vehicle parts market is segmented - 1) By Type: Motor Vehicle Body, Stamped Metal & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End Use: OEM, Aftermarket Subsegments Covered: Motor Vehicle Body, Stamped Metal, Other Parts, Vehicle Engine And Engine Parts, Power Train And Power Train Parts, Motor Vehicle Electrical and Electronic Equipment, Motor Vehicle Steering and Suspension Components (except Spring), Motor Vehicle Seating and Interior Trim The global motor vehicle parts market size grew from $2,563.64 billion in 2022 to $2,807.3 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motor vehicle parts market is expected to grow to $3,903.28 billion in 2027 at a CAGR of 8.6%. Technological Advances: Advances in technology are expected to be a continued driver of motor vehicle parts manufacturing market growth in the forecast period. The global transport manufacturing 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 automotive parts industry during the forecast period. Major companies in the motor vehicle parts market include EXOR Group, Denso Corp, General Motors Co, Robert Bosch GmbH, Aisin Seiki Co Ltd., Continental AG, Fiat Chrysler Automobiles NV, Magna International Inc., Toyota Motor Corp, and SAIC Motor Co ltd. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the motor vehicle parts manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak is expected to continue to harm businesses throughout 2020 and into 2021. However, it is expected that the automotive parts industry will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. The demand for electric vehicles is increasing rapidly, and this is expected to disrupt the automotive value chain. Engines of electric vehicles are less complicated than their gasoline counterparts, thus requiring fewer replacement parts over the lifetime of a car. Electrification of cars also means that components such as air-conditioning units, water pumps, brakes, and steering systems will need to be adapted and designed to meet the requirements of electric cars. Since electric vehicles are manufactured with one-third the number of internal combustion engine (ICE) cars' components, less collaboration will be required between an automaker and parts suppliers. This will decrease vehicle-to-component calibration, thus allowing parts suppliers to develop products with more autonomy. According to an EY report, the electric vehicle transformation in India may have an impact on existing automobile spare part sales because EVs have 20 moving parts while vehicles with internal combustion engines have around 200 spare parts. Asia-Pacific was the largest region in the motor vehicle parts market in 2022. Western Europe was the second largest market in motor vehicle parts market. The regions covered in the motor vehicle parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the motor vehicle parts market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippine, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain; Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The motor vehicle parts market consists of sales of motor vehicle seating, motor vehicle metal stampings, motor vehicle gasoline engines and engine parts, and interior trim. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The motor vehicle parts market research report is one of a series of new reports from The Business Research Company that provides motor vehicle parts market statistics, including motor vehicle parts industry, global motor vehicle parts market size, regional motor vehicle parts market shares, competitors with a motor vehicle parts market share, detailed motor vehicle parts market segments, motor vehicle parts market trends and opportunities, and any further data you may need to thrive in the motor vehicle parts industry. This motor vehicle parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Motor vehicle body is the section of the vehicle that is attached to the chassis, frame, or unibody. Metal stamping is used in motor vehicles for producing components with consistent dimensions and shapes that adhere to stringent specifications and tolerances. The main types in the motor vehicle body are stamped metal and other parts of the motor vehicle body, stamped metal and other parts. Stamped metal refers to metal stamping. is utilised in auto parts manufacturing. It is a cost-effective, fast, and versatile manufacturing method. The various applications include passenger vehicles and commercial vehicles. OEMs and the aftermarket use these. The global motor vehicle body, stamped metal & other parts market is segmented - 1) By Type: Motor Vehicle Body, Stamped Metal, Other Parts 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End Use: OEM, Aftermarket The global motor vehicle body, stamped metal & other parts market size grew from $1320.78 billion in 2022 to $1435.95 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motor vehicle body, stamped metal & other parts market is expected to grow to $1932.28 billion in 2027 at a CAGR of 7.7%. Advances in technology are expected to be a continued driver of market growth in the forecast period. The motor vehicle body, metal stamping, and 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, metal stamping, and other parts market during the forecast period. Major companies in the motor vehicle body, stamped metal & other parts market include 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. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the motor vehicle body, stamped metal & other parts market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle body, stamped metal & other parts market will recover from the shock across the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. 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 or assistance. IoT helps motor vehicle parts manufacturers 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. For instance, German car parts maker Robert Bosch signed an agreement with software company SAP to connect its manufacturing machinery, tools, and vehicles to SAP's back-end software. This IoT technology uses SAP's real-time database HANA to monitor and support the production of automobile parts. The global automotive IoT market is expected to reach 106.32 billion by 2023. According to IDC and SAP, 60 % of global manufacturers use analytics data tracked from IoT-connected devices to analyze their manufacturing processes. Asia-Pacific was the largest region in the motor vehicle body, stamped metal & other parts market in 2022. Western Europe was the second largest market in motor vehicle body, stamped metal & other parts market. 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, the Middle East, Africa. The countries covered in motor vehicle body, stamped metal & other parts market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The motor vehicle body, stamped metal & other parts market consists of sales of fenders, tops, body parts, trim, and moldings, and motor vehicle parts and accessories. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The motor vehicle body, stamped metal & other parts market research report is one of a series of new reports from The Business Research Company that provides motor vehicle body, stamped metal & other parts market statistics, including global motor vehicle body, stamped metal & other parts market size, regional shares, competitors with a motor vehicle body, stamped metal & other parts market share, detailed motor vehicle body, stamped metal & other parts market segments, motor vehicle body, stamped metal & other parts market trends and opportunities, and any further data you may need to thrive in the motor vehicle body, stamped metal & other parts industry. This motor vehicle body, stamped metal & other parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Motor vehicle electrical and electronic components are electrically regulated components that draw power from the batteries and feed it back through the furnace to the battery. Steering suspension and interiors ensure a comfortable ride, supports the weight of the vehicle, and improves handling, drivability, and stability on the road and steering system controls its direction. The main types in the motor vehicle electrical and electronic equipment, steering, suspension, and interior market are motor vehicle electrical and electronic equipment, motor vehicle steering and suspension components (except springs), motor vehicle seating, and interior trim. The motor vehicle's electrical and electronic equipment refers to the electronic equipment parts of the motor vehicle. The various applications include passenger vehicles and commercial vehicles. These are used in OEMs and aftermarkets. The global motor vehicle electrical & electronic equipment, steering suspension, & interiors market is segmented - 1) By Type: Motor Vehicle Electrical and Electronic Equipment, Motor Vehicle Steering and Suspension Components (except Spring), Motor Vehicle Seating and Interior Trim 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End Use: OEM, Aftermarket The global motor vehicle electrical & electronic equipment, steering suspension, & interiors market size grew from $455.58 billion in 2022 to $505.69 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motor vehicle electrical & electronic equipment, steering suspension, & interiors market is expected to grow to $753.74 billion in 2027 at a CAGR of 10.5%. Advances in technology are expected to be a continued driver of motor vehicle electrical and electronic equipment, steering suspension, and interior market growth in the forecast period. The global transport manufacturing 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 electrical and electronic equipment, steering suspension, and interior market during the forecast period. Major companies in the motor vehicle electrical & electronic equipment, steering, suspension, & interiors market include Denso Corp, Fiat Chrysler Automobiles NV, SAIC Motor Co Ltd., Adient plc, Peugeot, Toyota Boshoku Corporation, Continental AG, Aptiv plc, Magna International Inc., and Valeo SA. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the motor vehicle electrical and electronic equipment, steering suspension, and interiors markets in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle electrical & electronic equipment, steering suspension& interiors market will recover from the shock across the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. The demand for electric vehicles is increasing rapidly, and this is expected to disrupt the automotive value chain. Engines of electric vehicles are less complicated than their gasoline counterparts, thus requiring fewer replacement parts over the lifetime of a car. Electrification of cars also means that components such as air-conditioning units, water pumps, brakes, and steering systems will need to be adapted and designed to meet the requirements of electric cars. Since electric vehicles are manufactured with one-third the number of internal combustion engine (ICE) cars’ components, less collaboration will be required between the automaker and parts suppliers. This will decrease vehicle-to-component calibration, thus allowing parts suppliers to develop products with more autonomy. According to an EY report, the electric vehicle transformation in India may have an impact on existing automobile spare part sales because EVs have 20 moving parts while vehicles with internal combustion engines have around 200 spare parts. Asia-Pacific was the largest region in the motor vehicle electrical & electronic equipment, steering, suspension, & interiors market in 2022. North America was the second largest market in motor vehicle electrical & electronic equipment, steering, suspension, & interiors market. The regions covered in the motor vehicle electrical & electronic equipment, steering, suspension, & interiors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in motor vehicle electrical & electronic equipment, steering, suspension, & interiors market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The motor vehicle electrical & electronic equipment, steering suspension, & interiors market consist of sales of motor vehicles and internal combustion engines, motor vehicle steering mechanisms and suspension components, or motor vehicle seating, seats, seat frames, seat belts, and interior trimmings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The motor vehicle electrical & electronic equipment, steering, suspension, & interiors market research report is one of a series of new reports from The Business Research Company that provides motor vehicle electrical & electronic equipment, steering, suspension, & interiors industry global market size, regional shares, competitors with a motor vehicle electrical & electronic equipment, steering, suspension, & interiors market share, detailed motor vehicle electrical & electronic equipment, steering, suspension, & interiors market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle electrical & electronic equipment, steering, suspension, & interiors industry. This motor vehicle electrical and electronic equipment, steering, suspension, and interiors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The motor vehicle steering system, which consists of several pieces and linkages, enables a driver to direct a vehicle. A motor vehicle's suspension system helps the driver maintain total control while isolating the passengers from vibrations caused by the vehicle's passage over the road's contours. The main types of motor vehicle steering and suspension components are steering components and suspension components. The steering components help the driver by protecting them and adding a support system to the driver while driving. The various applications include commercial vehicles and passenger cars. OEM and aftermarket steering and suspension systems are used in automobiles. The global motor vehicle steering and suspension components (except spring) market is segmented - 1) By Type: Steering Components, Suspension Components 2) By Application: Commercial Vehicle, Passenger Car 3) By End use: OEM, Aftermarket The global motor vehicle steering and suspension components (except spring) market size will grow from $90.91 billion in 2022 to $100.46 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global motor vehicle steering and suspension components (except spring) is expected to grow to $147.03 billion in 2027 at a CAGR of 10.0%. The growth of the motor vehicle steering and suspension components (except spring) market is positively affected by the poor quality of roads. The steering and suspension components are used to maintain the stability of the motor vehicle on rough roads. Rough roads with potholes and poor surfaces cause wear and tear of steering and suspension components in the long run, thus increasing the risk of accidents. This constant wear and tear shorten their working life and increases the rate at which they need to be replaced. According to the U.S. National Transportation Research Group (TRIP), 71% of roads in the San Francisco-Oakland area were in poor condition, costing drivers an average of $1,049 in vehicle operating costs each year. The lack of standards for maintenance of roads, resulting in rough roads with potholes, increases the demand for growth of the motor vehicle steering and suspension components (except spring) market. The growth of the motor vehicle steering and suspension components (except spring) market is restricted by the growing popularity of electric vehicles all over the world. The increased popularity of electric vehicles will require the motor vehicle steering and suspension system manufacturers to produce power steering and suspension systems specifically designed for the new electric vehicles. thereby reducing the demand for motor vehicle steering and suspension components (except spring) market. The manufacturers will have to adapt and compete to create the parts used in driverless vehicle models. According to the International Energy Agency (IEA), there are 5 million electric passenger cars in Norway. The popularity of the electric car market is backed up by several government initiatives, such as in Norway, where the drivers of zero-emissions cars are not only exempted from road tax but also exempted from 25% VAT on sales, reduced road and ferry tolls and parking costs, and access to bus lanes. The overall cost of adapting to the changing demand due to the growing popularity of electric vehicles restricts the growth of the motor vehicle steering and suspension components (except springs) market. Major players in the motor vehicle steering and suspension components (except spring) market are Bosch, Hyundai, TennaCo., Denso, Hella, JTEKT, Knorr-Bremse, Nexteer Automotive, Thyssenkrupp, and ZF Friedrichshafen. The latest trend in the industry is the development of suspension systems using the new magnetic ride control (MRC or MagneRide) technology developed by General Motors (GM). The magnetic damper technology improves the performance of the suspension system and provides a smooth driving experience. The technology uses a fluid infused with magnetised particles acting as electronically-controlled shock absorbers, which respond to changing driving conditions and speed in real-time, making the shock absorbers adapt to the changing terrain. Such absorbers, along with the automobile sensors, respond to the terrain every five milliseconds. Following the trend started by General Motors, in 2021, Cadillac adopted the latest magnetorheological fluid technology into its new models, the 2022 CT4-V Blackwing and CT5-V Blackwing models, in order to provide the fastest reacting suspension technology and achieve a smooth ride in automobiles. In June 2020, Bendix Corporation, an American manufacturing and engineering company, acquired RH Sheppard for $149.5 million. The acquisition of RH Sheppard was transacted by Bendix Commercial Vehicle Systems LLC., Elyria, OH, which is a subsidiary of Knorr-Bremse that is part of its Commercial Vehicle Systems division. Through this acquisition, Knorr-Bremse became a leading global supplier of commercial vehicle steering systems. RH Sheppard is a USA-based company that designs and manufactures automotive products. Asia-Pacific was the largest region in the motor vehicle steering and suspension components (except spring) market in 2022. Western Europe was the second largest market in the global motor vehicle steering and suspension components (except spring) market share. The regions covered in the global motor vehicle steering and suspension components (except spring) market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motor vehicle steering and suspension components include Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The motor vehicle steering and suspension components (except spring) market consist of sales of steering systems, wheels and tires, springs, shock absorbers and struts, linkages, bushings, bearings, and joints. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The motor vehicle steering and suspension components (except spring) market research report is one of a series of new reports from The Business Research Company that provides motor vehicle steering and suspension components (except spring) market statistics, including motor vehicle steering and suspension components (except spring) industry global market size, regional shares, competitors with a motor vehicle steering and suspension components (except spring) market share, detailed motor vehicle steering and suspension components (except spring) market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle steering and suspension components (except spring) industry. This motor vehicle steering and suspension components (except spring) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The motors and generators market consists of sales of motors, generators, and related services by entities (organizations, sole traders, partnership) that are used to isolate electrical loads from power supply lines. The motor converts electrical energy into mechanical energy, and the generator converts mechanical energy into electrical energy. The main types of motors and generators are motor manufacturing and generator manufacturing. The functions are performance, comfort and convenience, safety and security, and it is used in industrial, commercial, and residential settings. The global motors and generators market size is expected to grow from $86.86 billion in 2021 to $92.62 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The global motors and generators market size is expected to grow to $105.56 billion in 2026 at a compound annual growth rate (CAGR) of 3.3%. The increasing use of household appliances is expected to propel the growth of the motors and generators manufacturing market in the forecast period. Increasing electrification, rising disposable income, and rapid urbanization, along with several other factors, are boosting the demand for household appliances, which in turn will drive the market for motors. For instance, according to CDI Global, a capital market company, the global household appliances market generated total revenue of $542 billion in 2019. Also, the volume of sales for the same year amounted to 4.3 billion pieces. Therefore, the increasing use of household appliances is driving the growth of the motors and generators market. Increased tariffs on raw materials such as steel and aluminum restrained the market for motors and generators manufacturing in the historic period. Steel and aluminum are predominantly used in manufacturing the components for motors. Increasing import tariffs on raw materials such as steel have hindered the market for household fans. For instance, according to ECOMCREW, a Canada-based e-commerce business blog, in May 2019, nearly half of all goods that America imports from China were subject to an additional 25% tariff. In August 2019, the Trump Administration imposed 10% duties on all remaining products not currently subject to additional duties. An increase in tariffs will increase operating expenses, thereby restraining the growth of the market. The emergence of portable generators is a key trend gaining popularity in the motors and generators market. Companies operating in the motors and generators market are focusing on developing new products to sustain their position in the market. For instance, in June 2022, Honda Siel Power Products Ltd., an India-based motor and generator manufacturer, launched the new Honda EU3200i, the newest generator in the Honda Super Quiet EU Series lineup. The high-output Honda EU3200i delivers more power and more convenience and is available in a compact, space-saving, portable package. In December 2019, Voith Group, a Germany-based machine company, acquired Elin Motoren GmbH for an undisclosed amount. This acquisition of ELIN Motoren would be an excellent addition to the industrial drive solutions and supports the Voith group company’s position as a technology-independent supplier of drive systems. Win Motoren GmbH is an Austrian-based company that produces motors and generators for international companies. The major players in the motors and generators market are Siemens AG, ASMO, Rockwell Automation, Emerson Electric Co., ABB Ltd., Nidec, General Electric Co., Baldor Electric Co., Danahar Motion LLC, and Kollmorgen Corp. Asia-Pacific was the largest region in the motors and generators manufacturing market in 2021. The regions covered in the global motors and generators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motors and generators market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The global motors and generators market is segmented - 1) By Type: Motor Manufacturing, and Generator Manufacturing 2) By End-User: Industrial, Commercial, and Residential