Overview and Scope
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.
Sizing and Forecast
The motor vehicle body, stamped metal & other parts market size has grown strongly in recent years. It will grow from <b>$1430.72 billion in 2023 to $1531.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. </b> The growth in the historic period can be attributed to increased automotive production, economic cycles, technological advancements, environmental regulations, consumer preferences.
The motor vehicle body, stamped metal & other parts market size is expected to see strong growth in the next few years. It will grow to <b>$1953.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. </b> The growth in the forecast period can be attributed to increasing demand for electric vehicles (evs), sustainability, global supply chain disruptions, trade policies, digitalization and industry 4.0, customer experience and customization. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .
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Segmentation & Regional Insights
The motor vehicle body, stamped metal & other parts market covered in this report 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
<b>Asia-Pacific</b> was the largest region in the motor vehicle body, stamped metal, & other parts market in 2023. 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.
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Major Driver Impacting Market Growth
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 2021 include blind-spot monitoring; heated seats; front and rear parking sensors; all-wheel or four-wheel drive; lane-departure warning; apple carplay and/or android auto ; power front passenger seat; led accent lights; ventilated or cooled seats; memory driver’s seat. These innovations are expected to drive the motor vehicle body, metal stamping, and other parts market during the forecast period.
Key Industry Players
Major companies operating in the motor vehicle body, stamped metal & other parts market include <b> General Motors Co., Tenneco Inc., Magna International Inc., Lear Corporation, Faurecia SA, Continental AG, Mitsubishi Motors Corp, Plastic Omnium SA, Autoliv Inc., AISIN Seiki Co. Ltd., FCA Warren Stamping Plant, Ford Motor Company, Martinrea Heavy Stampings Inc., Challenge Manufacturing Company, ArtiFlex Manufacturing LLC, Gestamp Chattanooga LLC, Quality Metalcraft Inc., Shiloh Industries Inc., PDQ Tool & Stamping Co., Integrity Manufacturing, Alcoa Inc., ACRO Engineering Company, Lindy Manufacturing Company Inc., Autokiniton, ThyssenKrupp AG, Schaeffler AG, Benteler Automotive Corporation, Kenmode Precision Metal Stamping, Gestamp Servicios SA.</b>
The motor vehicle body, stamped metal & other parts market report table of contents includes:
1. Executive Summary
2.Motor Vehicle Body, Stamped Market Characteristics
3.Motor Vehicle Body, Stamped Market Trends And Strategies
4.Motor Vehicle Body, Stamped Market analysis
5.Motor Vehicle Body, Stamped Market Size And Growth
6.Motor Vehicle Body, Stamped Segmentation
7.Motor Vehicle Body, Stamped Regional And Country Analysis
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27. Motor Vehicle Body, Stamped Competitive Landscape And Company Profiles
28. Motor Vehicle Body, Stamped Key Mergers And Acquisitions
29. Motor Vehicle Body, Stamped Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- General Motors Co.
- Tenneco Inc.
- Magna International Inc.
- Lear Corporation
- Faurecia SA
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