Featuring market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights, The Business Research Company’s 2026 market reports are built to deliver research that is both more actionable and more strategically valuable.
Motor Vehicle Body Market Size, Value And Growth Trajectory Through 2030
The motor vehicle body market size has grown strongly in recent years. It will grow from $231.25 billion in 2025 to $252.03 billion in 2026 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to growth of automotive production, demand for fuel efficiency, safety regulation enforcement, steel and aluminum adoption, vehicle design evolution.
The motor vehicle body market size is expected to see strong growth in the next few years. It will grow to $365.02 billion in 2030 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to electric vehicle platform expansion, lightweighting regulations, use of advanced composites, automated body manufacturing, design customization demand. Major trends in the forecast period include increasing use of lightweight body materials, rising adoption of modular body designs, growing focus on aerodynamic efficiency, expansion of ev specific vehicle bodies, improvement in crash safety structures.
Get A Free Sample Report With In-Depth Market Insights:
Motor Vehicle Body Market Growth Factors: What’s Supporting Expansion?
Increasing production of passenger cars, light commercial vehicles, buses, and heavy trucks is expected to propel the growth of the motor vehicle body market going forward. Passenger cars, light commercial vehicles, buses, and heavy trucks refer to the full range of motor vehicles designed for personal transport (passenger cars), light goods transport (light commercial vehicles), mass transit or group transport (buses), and heavy-duty transport of goods or passengers (heavy trucks). This vehicle production is rising due to increasing global demand for mobility and freight transport as economies expand and consumer vehicle uptake grows. The motor vehicle body industry is witnessing increased demand as the rapid expansion of this full-range vehicle output pushes manufacturers to adopt enhanced body-construction, customization, and safety-compliance solutions. For instance, in April 2024, according to the Serbian Association of Vehicle and Parts Importers, a Serbia-based professional automotive organization, 93,546,599 vehicles (including 67,133,570 passenger vehicles) were produced worldwide in 2023, up from 84,830,376 vehicles in 2022, highlighting a significant increase in global automotive output. Therefore, increasing production of passenger cars, light commercial vehicles, buses, and heavy trucks is driving the demand for the motor vehicle body market.
Motor Vehicle Body Market Segmentation: How Does The Market Break Down By Category?
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
3) By Application: Personal Use, Commercial Use, Industrial Use
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
Motor Vehicle Body Market Industry Trends: What’s Reshaping Demand?
Major companies operating in the motor vehicle body market are focusing on developing innovative lightweight solutions, such as ultra-low density sheet molding compound materials, to enhance fuel efficiency and reduce emissions. Ultra low density sheet molding compounds are composite materials made by embedding reinforcing fibers in a polymer matrix, which significantly reduce vehicle weight while maintaining durability and high-quality surface characteristics, enabling capabilities such as improved vehicle range and Class A exterior finishing. For instance, in November 2025, Continental Structural Plastics Inc. (CSP), a US-based manufacturing company, launched TCA Float, an ultra-low density sheet molding compound designed for automotive exterior body panels, featuring up to 25 percent weight reduction and a paint ready Class A surface finish. TCA Float improves overall vehicle mass reduction and supports better performance and energy efficiency.
Motor Vehicle Body Market Competitive Overview And Top Companies
Major companies operating in the motor vehicle body market report 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)
View The Full Motor Vehicle Body Market Report:
Motor Vehicle Body Market Top Region By Revenue And Market Share
Asia-Pacific was the largest region in the motor vehicle body market in 2025. 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 include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Reach Out To Our Team:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
