Motor Vehicle Body Market Report: Trends, Forecast and Competitive Analysis to 2030

Motor Vehicle Body Market Report: Trends, Forecast and Competitive Analysis to 2030

Motor Vehicle Body Trends and Forecast

The future of the global motor vehicle body market looks promising with opportunities in the OEM and aftermarket markets. The global motor vehicle body market is expected to reach an estimated $308.7 billion by 2030 with a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are growing demand for lightweight and fuel-efficient vehicles and rise in consumer preferences for advanced vehicle aesthetics and customization.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Motor Vehicle Body by Segment

The study includes a forecast for the global motor vehicle body by vehicle type, end use, and region.

Motor Vehicle Body Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Trucks
• Buses
• Coaches

Motor Vehicle Body Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• OEM
• Aftermarket
• Others

Motor Vehicle Body Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Motor Vehicle Body Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies motor vehicle body companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the motor vehicle body companies profiled in this report include-

• Motor Coach Industries International
• Blue Bird Global
• GILLIG
• Mickey Truck Bodies
• Utilimaster
• Morgan Truck Body
• Morgan Olson
• McNeilus
• Truck Bodies & Equipment International
• Reading Truck Body

Motor Vehicle Body Market Insights

Lucintel forecasts that passenger vehicle is expected to witness highest growth over the forecast period.

Within this market, aftermarket is expected to witness higher growth over the forecast period.

APAC will remain the largest region over the forecast period.

Features of the Global Motor Vehicle Body Market

Market Size Estimates: Motor vehicle body market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Motor vehicle body market size by vehicle type, end use, and region in terms of value ($B).

Regional Analysis: Motor vehicle body market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different vehicle types, end uses, and regions for the motor vehicle body market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the motor vehicle body market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the motor vehicle body market size?

Answer: The global motor vehicle body market is expected to reach an estimated $308.7 billion by 2030.

Q2. What is the growth forecast for motor vehicle body market?

Answer: The global motor vehicle body market is expected to grow with a CAGR of 8.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the motor vehicle body market?

Answer: The major drivers for this market are growing demand for lightweight and fuel-efficient vehicles and rise in consumer preferences for advanced vehicle aesthetics and customization.

Q4. What are the major segments for motor vehicle body market?

Answer: The future of the motor vehicle body market looks promising with opportunities in the OEM and aftermarket markets.

Q5. Who are the key motor vehicle body market companies?

Answer: Some of the key motor vehicle body companies are as follows:

• Motor Coach Industries International
• Blue Bird Global
• GILLIG
• Mickey Truck Bodies
• Utilimaster
• Morgan Truck Body
• Morgan Olson
• McNeilus
• Truck Bodies & Equipment International
• Reading Truck Body

Q6. Which motor vehicle body market segment will be the largest in future?

Answer: Lucintel forecasts that passenger vehicle is expected to witness highest growth over the forecast period.

Q7. In motor vehicle body market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the motor vehicle body market by type of vehicle (passenger vehicle, light commercial vehicle, heavy trucks, buses, and coaches), end use (OEM, aftermarket, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?