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Global Motor Vehicle Body, Stamped Metal & Other Parts Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Motor Vehicle Body, Stamped Metal & Other Parts Market
How Big Is the Motor Vehicle Body, Stamped Metal & Other Parts Market Size Expected to Be by 2034?
The motor vehicle body, stamped metal & other parts market size has seen strong growth in recent years. It will grow from $1539.39 billion in 2024 to $1650.81 billion in 2025 at a CAGR of 7.2%. The growth is attributed to the rise in automotive production, economic cycles, technological advancements, environmental regulations, and shifting 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 $2103.08 billion by 2029, at a compound annual growth rate (CAGR) of 6.2%. The growth is driven by the increasing demand for electric vehicles (EVs), sustainability efforts, global supply chain disruptions, trade policies, and digitalization in industry 4.0. Key trends include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, and collaboration and partnerships.
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What Are the Emerging Segments Within the Motor Vehicle Body, Stamped Metal & Other Parts Market?
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, After market
Subsegments:
1) By Motor Vehicle Body: Full Vehicle Body, Chassis, Structural Components
2) By Stamped Metal: Outer Body Panels, Inner Body Panels, Structural Parts, Sheet Metal Components
3) By Other Parts: Engine Components, Suspension Components, Exhaust System Components, Transmission Components
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What Long-Term Drivers Are Shaping Motor Vehicle Body, Stamped Metal & Other Parts Market Trends?
The growing popularity of electric vehicles (EVs) is expected to drive the motor vehicle body, stamped metal, and other parts market. EVs rely on specialized components, including lightweight body designs and stamped metal parts, to enhance performance and energy efficiency. According to the International Energy Agency, EV sales reached 10 million in 2022 and are projected to rise to 14 million in 2023. This surge in EV demand is supporting market expansion.
Who Are the Top Competitors in Key Motor Vehicle Body, Stamped Metal & Other Parts Market Segments?
Major companies operating in the motor vehicle body, stamped metal & other parts market include 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.
What Are the Major Trends Shaping the Motor Vehicle Body, Stamped Metal & Other Parts Market?
IoT is being embraced by motor vehicle parts manufacturers to minimize unplanned downtimes and boost productivity. By collecting real-time operational data, manufacturers can prevent equipment failures and optimize processes. German firm Robert Bosch partnered with SAP to connect its machinery and vehicles to SAP's HANA database, supporting efficient automotive parts production. The global automotive IoT market is projected to reach $106.32 billion by 2023, with 60% of global manufacturers using IoT analytics, according to IDC and SAP.
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Which Regions Are Becoming Hubs for Motor Vehicle Body, Stamped Metal & Other Parts Market Innovation?
Asia-Pacific 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Motor Vehicle Body, Stamped Metal & Other Parts Market?
2. What is the CAGR expected in the Motor Vehicle Body, Stamped Metal & Other Parts Market?
3. What Are the Key Innovations Transforming the Motor Vehicle Body, Stamped Metal & Other Parts Industry?
4. Which Region Is Leading the Motor Vehicle Body, Stamped Metal & Other Parts Market?
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