The marketplace for commercial vehicles, which has been valued at $1.71 trillion in 2021 and is predicted to increase at a 6.8 percent compound annual growth rate (CAGR) from 2022 to 2030, is likely to reach $3.07 trillion by the predicted time. The industry for commercial vehicle construction is anticipated to develop as a direct result of this boom. The international market for automobile body fabrication increased at a CAGR of 9.5 percent, from $160.11 billion in 2021 to $175.27 billion in 2022. At a CAGR of 8.6 percent, the business for motor vehicle bodies is anticipated to reach $243.65 billion by the year 2026. The consumption of motor vehicles is expected to be driven by an increase in their production as well as increasing investment, which will help the market expand.