Motor Vehicle Body Market Overview 2025 – Actionable Insights for Business Leaders

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How has the motor vehicle body grown historically, and what trends indicate future expansion?
The motor vehicle body market size has grown strongly in recent years. It will grow from $213.56 billion in 2024 to $232.86 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, favorable government initiatives, and increased investments.

The motor vehicle body market size is expected to see strong growth in the next few years. It will grow to $322.25 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to the increase in production of passenger cars, the rising urbanization and the increasing adoption of electric vehicles. Major trends in the forecast period include focus on lightweight materials, use of augmented reality, focus on autonomous vehicles, advanced lighting systems and strategic partnerships and collaborations.

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Which key factors are driving the expansion of the motor vehicle body industry?
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, In November 2023, Statistics Canada reported that Canada had a slight increase in the total number of registered road motor vehicles in 2022, reaching 26.3 million. This represented a 0.3% rise from the previous year, adding 78,655 vehicles to the roads. Thus, an upsurge in the production of motor vehicles and rising investments are anticipated to drive the demand for growth of the motor vehicle body market.

How is the motor vehicle body market segmented by product, application, and end-user?
The motor vehicle body market covered in this report is segmented –

1) By Type Of Vehicle: Passenger Vehicle, Light Commercial Vehicle, Heavy Trucks, Buses And Coaches
2) By End Use: OEM, Aftermarket

Subsegments:
1) By Passenger Vehicle: Sedan Bodies, Hatchback Bodies, SUV And Crossover Bodies, Coupe And Convertible Bodies
2) By Light Commercial Vehicle: Van Bodies, Pickup Truck Bodies, Small Delivery Vehicle Bodies
3) By Heavy Trucks: Truck Cab Bodies, Chassis And Frame Bodies, Freight And Cargo Bodies
4) By Buses And Coaches: City Bus Bodies, Intercity Coach Bodies, School Bus Bodies, Double-Decker Bus Bodies

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Motor Vehicle Body Market Trends And Forecast Report 2025-2034

How are emerging trends transforming the motor vehicle body market dynamics?
The automotive industry uses various structural materials, including iron, steel, and other metals. Recently, aluminum 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, aluminum is used predominately in the automotive industry due to its cost-effective and environment-friendly way of improving efficiency and performance, reducing emissions, and boosting 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.

Which leading companies are dominating the motor vehicle body market landscape?
Major companies operating in the motor vehicle body market include Magna International Inc., Lear Corporation, General Motors Co., Aisin Seiki Co. Ltd, Faurecia SA, Plastic Omnium SA, Grupo Antolín Irausa SA., Mitsubishi Motors Corporation, Autoliv Inc, Paccar Inc, Tata Motors Passenger Vehicles Limited, Ashok Leyland Limited, Eicher Motors Limited, Jbm Auto Limited, Volvo Group India Private Limited, Amw Motors Limited, Chongqing Zhidao Machinery Co, Ltd, Shandong Taixing Casting Co., Ltd, Suizhou Fuhua Automobile Trailer Co., Ltd, Potou Jiaohe Hongxing Machinery Factory, Aptiv Plc, Sensata Technologies Holding Plc, Tesla Motors Limited, Alliance Automotive Procurement Limited, Marelli Automotive Systems UK, Ibc Vehicles Limited, Avtotor, Moskvich, Benteler Automotive Poland Sp. O, Umicore Autocat Poland Sp. z o.o, Ford, Chrysler, Toyota, Nissan, Mazda, Honda, Linamar Corporation, Flex-N-Gate Corporation, Martinrea International Inc, Key Safety Systems (KSS), BMW Brazil, DHB Sistemas, Chevrolet, Volkswagen, Iveco, Arabian Automobiles Co. LLC, Geely, Manufacturing Commercial Vehicles Co. S.A. E, Cania AB, Mercedes-Benz (Egypt), Innoson Vehicle Manufacturing (IVM)

Which geographic areas are expected to offer the highest growth opportunities in themotor vehicle body market?
Asia-Pacific was the largest region in the motor vehicle body market in 2024. Western Europe was the second largest region in the global motor vehicle body market share. The regions covered in the motor vehicle body market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

How Can Companies Use The Motor Vehicle Body Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.

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