Motor Vehicle Body Market Report 2026

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%. 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.

The increasing production of passenger cars, light commercial vehicles, buses, and heavy trucks is expected to drive the growth of the motor vehicle body market in the coming years. Passenger cars, light commercial vehicles, buses, and heavy trucks cover the full spectrum 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 growth in vehicle production is driven by rising global demand for mobility and freight transport as economies expand and consumer vehicle adoption increases. The motor vehicle body industry is experiencing higher demand as this rapid expansion prompts manufacturers to implement advanced 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 rise in global automotive output. Therefore, the growing production of passenger cars, light commercial vehicles, buses, and heavy trucks is boosting the motor vehicle body market.

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 improve fuel efficiency and reduce emissions. Ultra-low density sheet molding compounds are composite materials made by embedding reinforcing fibers in a polymer matrix, significantly reducing vehicle weight while maintaining durability and high-quality surface characteristics. These materials enable benefits such as improved vehicle range and Class A exterior finishing. For instance, in November 2025, Continental Structural Plastics Inc. (CSP), a US-based manufacturer, launched TCA Float, an ultra-low density sheet molding compound for automotive exterior body panels, offering up to 25% weight reduction and a paint-ready Class A surface finish. TCA Float enhances overall vehicle mass reduction and supports improved performance and energy efficiency.

In March 2024, Morgan Truck Body, a US-based manufacturer, acquired Transit Truck Bodies Inc. for an undisclosed amount. This acquisition allows Morgan to expand its North American manufacturing footprint and strengthen its presence in the light- and medium-duty truck-body market. Transit Truck Bodies Inc. is a Canada-based manufacturer specializing in dry-freight, refrigerated, cutaway, and custom truck bodies.

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)

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. The countries covered in the motor vehicle body market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The motor vehicle body market consists of sales of fenders, bumpers, windshields, glass, seats, motors, transmissions, air conditioning condensers, and radiators. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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