The Business Research Company 2021 Global Auto Body, Stamped Metal and Other Parts Market Report: Impact of COVID-19 and Recovery to 2030
LONDON, GREATER LONDON, United Kingdom, October 14, 2021 /EINPresswire.com/ – According to the new “Motor Vehicle Body, Stamped Metal & Other Parts Global Market Report 2021: COVID-19 Impact And Recovery” market research report published by The Business Research Company, the auto body, stamped metal and other parts market is expected to grow from $ 1.36 trillion in 2020 to $ 1.42 trillion in 2021 at a compound annual growth rate (CAGR) of 4.9%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $ 1.93 trillion in 2025 at a CAGR of 8%. Technological advancements are expected to be a continuous driver of market growth during the forecast period.
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The automotive body, stamped metal and other automotive parts market includes sales of automotive bodywork, automotive stamped metals and other automotive vehicle parts and related services by entities (organizations, sole proprietorships and partnerships) which produce stampings for motor vehicles, such as as fenders, roofs, body parts, trim and moldings or produce and / or rebuild parts and accessories for motor vehicles (except engines with gasoline and motor vehicle engine parts, motor vehicle electrical and electronic equipment, motor vehicle steering and suspension components, motor vehicle brakes motor vehicle transmissions and powertrain parts, seats and interior trim motor vehicles and motor vehicle stamps).
Global Automotive Body, Stamped Metal and Other Automotive Parts Market Trends
Auto parts manufacturers use IoT to reduce unplanned downtime, thereby increasing operational efficiency. The IoT is a system of “connected devices” capable of collecting and exchanging data over a network without any human intervention or assistance. The IoT helps auto parts manufacturers increase efficiency by providing real-time insight into production processes. Additionally, IoT can be used by auto parts manufacturers to gain wear data that can prevent equipment failures. For example, German auto parts maker Robert Bosch signed an agreement with software company SAP to connect its manufacturing machines, tools, and vehicles to SAP’s back-end software. This IoT technology uses the SAP HANA real-time database to monitor and support the production of auto parts. The global automotive IoT market is expected to reach 106.32 billion by 2023. According to IDC and SAP, 60% of global manufacturers use analytics data tracked from IoT-connected devices to analyze processes Manufacturing.
Global Automotive Body, Stamped Metal & Other Parts Market Segmentation:
The global automotive body, stamped metal and other automotive parts market is further segmented:
By type: Motor vehicle body, Stamped metal, Other parts
By application: passenger vehicle, commercial vehicle
By end use: OEM, aftermarket
By Geography: The global auto body, stamped metal and other parts market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific auto body, stamped metal and other parts market accounts for the largest share of the global auto body, stamped metal and other parts market.
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The Global Auto Body, Stamped Metal & Other Parts Market Report 2021 is part of a series of new reports from The Business Research Company that provides insights, analysis, and forecast for the auto body, body, and other parts market. stamped metal and other parts, market size and growth for the world automotive vehicle body market, stamped metal and other parts, automotive vehicle body, stamped metal and other parts market share, market players Automotive Body, Stamped Metal And Other Parts, Automotive Body, Stamped Metal And Other Market Segments And Geographies, Engine The Key Revenue, Profiles And Market Share Of The Main Competitors In The Body, Stamped Metal Market and other pieces. The Automotive Body, Stamped Metal & Other Automotive Parts Market report identifies key countries and segments for opportunities and strategies based on market trends and major competitor approaches.
Read The Business Research Company’s Global Auto Body, Stamped Metal & Other Parts Market Report 2021 for insight into the following:
Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries
Body, Stamped Metal and Other Covered Parts Market Organizations: Lindy Manufacturing, Alcoa Inc., Acro, Gestamp, Trans-Matic.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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