Motor Vehicle Body Market Forecast 2023-2032 Size, Drivers, Trends And Competitors

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The Business Research Company's latest "Global Motor Vehicle Body Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry

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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.

A motor vehicle body refers to the outer shell or structure of a vehicle, excluding the engine, transmission, and other mechanical components. It is the part of the vehicle that provides protection, aerodynamics, and a pleasing aesthetic appearance. The body of a motor vehicle is usually constructed using various materials such as steel, aluminum, fiberglass, and carbon fiber, depending on the type and purpose of the vehicle.

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 new truck body is capable of achieving more tonnage than conventional lined truck bodies, owing to the lower weight of the bowl, for a lower operating cost than steel-lined truck bodies. It also enables a 30% reduction in weight over conventional steel-lined truck bodies. This allows for more payload to be hauled each round, thereby improving operational efficiency.

Motor Vehicle Body Market Segmentation:
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
Some of the key players involved in the Motor Vehicle Body market are Magna International Inc
Lear Corporation
General Motors Co
Aisin Seiki Co ltd
Faurecia SA

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

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A Few Points From The Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction And Market Characteristics
......
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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