Motor Vehicle Body, Stamped Metal & Other Parts Market Report 2026

The motor vehicle body, stamped metal & other parts market size has grown strongly in recent years. It will grow from $1.44 trillion in 2025 to $1.52 trillion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to automotive volume growth, cost efficient metal forming, safety standard evolution, demand for durable components, mass production needs.

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 $1.92 trillion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to ev body platform growth, lightweighting mandates, adoption of aluminum stamping, advanced tooling investments, aftermarket replacement demand. Major trends in the forecast period include rising demand for precision stamped components, growing adoption of high strength steel, expansion of ev compatible structural parts, increasing use of automated stamping lines, focus on weight reduction strategies.

The increasing demand for electric vehicles (EVs) is expected to drive the growth of the motor vehicle body, stamped metal, and other parts market in the coming years. An electric vehicle (EV) is powered by one or more electric motors, using electricity stored in batteries or other energy storage devices as its primary energy source. EVs rely on advanced motor vehicle body designs, stamped metal, and specialized components to achieve lightweight structures, improved aerodynamics, and enhanced performance, addressing the unique requirements of electric drivetrains and battery systems. For instance, in July 2023, according to the International Energy Agency, a France-based intergovernmental organization, global electric vehicle sales reached 10 million in 2022, with projections increasing to 14 million in 2023. Therefore, the growing adoption of EVs is boosting the motor vehicle body, stamped metal, and other parts market.

The rise in vehicle sales and production is also expected to propel growth in the motor vehicle body, stamped metal, and other parts market. Vehicle production refers to the large-scale manufacturing of identical automobiles for public sale and legal operation on roads, while vehicle sales denote the total number of new and used automobiles purchased through authorized dealers. Global production and sales directly influence demand for vehicle components and stamped metal parts. Increased production and sales of vehicles drive higher demand for these components. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based organization representing the EU's 14 major auto, truck, van, and bus manufacturers, 85.4 million vehicles were produced worldwide in 2022. Similarly, in May 2023, the Federal Chamber of Automotive Industries, an Australian trade group, reported that Australia’s automotive sector produced 82,137 vehicles in April 2023, a 1.3% increase from the previous year. Therefore, rising vehicle sales and production are driving the motor vehicle body, stamped metal, and other parts market.

Major companies in this market are increasingly developing advanced digital stamping-simulation tools for sheet-metal body parts manufacturing to meet the growing demand for faster development cycles, higher quality, lower production costs, and the use of high-strength steels and aluminum for lighter, more fuel-efficient vehicles and EV bodies. Simulation-based stamping tools allow manufacturers to predict part formability, springback, and surface quality early in the design phase, replacing traditional methods that rely on physical try-outs, tool adjustments, and iterative prototyping, which are time-consuming, costly, and waste-prone. For instance, in February 2025, ESI Group (now part of Keysight Technologies), a France-based engineering software company, launched BM Stamp, a stamping simulation software for automotive body manufacturing. The software enables engineers, even without specialized finite-element or meshing expertise, to run highly predictive stamping simulations on materials such as high-strength steel and aluminum. It features an intuitive CAD-based interface, accurate physics modeling for formability and springback prediction, virtual light-room cosmetic surface-defect detection, and multi-operation process validation. Adoption of BM Stamp can significantly reduce tooling costs, shorten lead times for body-in-white production, minimize material waste, and ensure consistent first-part quality across batches.

Major companies operating in the motor vehicle body, stamped metal & other parts market report 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.

Asia-Pacific was the largest region in the motor vehicle body, stamped metal, & other parts market in 2025. 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 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, stamped metal & other parts market report include China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The motor vehicle body, stamped metal & other parts market consists of sales of fenders, tops, body parts, trim, and moldings, and motor vehicle parts and accessories. 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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