Kraft Paper market forecast 2023-2032 - major trends, lucrative segments and fastest growing regions

As per The Business Research Company's Motor Vehicle Opportunities And Strategies Market Report 2023, The global motor vehicle body market reached a value of nearly $178,396.7 million in 2022, having grown at a compound annual growth rate (CAGR) of 5.4% since 2017. The market is expected to grow from $178,396.7 million in 2022 to $267,956.4 million in 2027 at a rate of 8.5%. The market is then expected to grow at a CAGR of 8.8% from 2027 and reach $409,076.5 million in 2032.

An increase in the production of passenger cars is expected to propel the growth of the motor vehicle body market during the forecast period. The number of parts used to produce a body for a passenger car depends largely on its design and production method. For example, according to the Times of India, an India-based English-language daily newspaper and digital news media, domestic passenger vehicles sales rose by 23%, to a record of 3.79 million units in 2022. Therefore, the increasing production of passenger cars is expected to drive the growth of the motor vehicle body market going forward.

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Companies operating in the motor vehicle body market are focusing on lightweight materials to manufacture strong and lightweight vehicle bodies. For example, in May 2022, Metso Outotec, a Finland-based machine industry company, launched its new truck body, which is a one-piece, lightweight, hybrid truck bowl, that combines the benefits of high-strength steel and rubber. It was designed to lower hauling costs, in addition to offering a safer working environment and maximizing payload.

The top opportunities in the motor vehicle body market segmented by type of vehicle will arise in the passenger vehicle segment, which will gain $61,649.07 million of global annual sales by 2027. The top opportunities in segment by end-use will arise in the OEM segment, which will gain $78,324.70 million of global annual sales by 2027. The motor vehicle body market size will gain the most in China at $24,114.91 million.

Motor Vehicle Market Segmentation:
The Motor Vehicle market is segmented by type of vehicle and by end-use.

By Type Of Vehicle -
a) Passenger Vehicle
b) Light Commercial Vehicle
c) Heavy Trucks
d) Buses And Coaches

By End-Use -
a) OEM (Original Equipment Manufacturer)
b) Aftermarket

Major players in the Motor Vehicle market include Magna International Inc, Lear Corporation, General Motors Co., Aisin Seiki Co ltd, Faurecia SA

The regions covered in the global Motor Vehicle market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Motor Vehicle Market Report Table Of Content
1. Motor Vehicle Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction to the Motor Vehicle market
……
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Motor Vehicle Body Market, Conclusions And Recommendations
23. Appendix

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The latest report from The Business Research Company, 'Global Kraft Paper Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

This release was published on openPR.