USD 136.65 billion
Automotive Chassis Systems Market Size, Share, Growth Analysis, By Chassis Type(Backbone Chassis, Ladder Frame Chassis, Monocoque Chassis, andModular Chassis), By Chassis System (Suspension System, Braking System, Steering System, and Sub-frame), By Material(Steel, Aluminum, and Carbon Fiber Composite), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2259 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
92
|Figures:
76
Automotive Chassis Systems Market Insights
Automotive Chassis Systems Market size was valued at USD 153.28 Billion in 2023 and is poised to grow from USD 171.93 Billion in 2024 to USD 430.9 Billion by 2032, growing at a CAGR of 12.17% during the forecast period (2025-2032).
The growing demand for lightweight and fuel-efficient vehicles is driving advancements in chassis design and materials. Enhanced safety standards and the integration of smart technologies are contributing to the evolution of chassis systems. Furthermore, the rise of electric and hybrid vehicles is influencing the demand for flexible chassis architectures.
The automotive industry's continuous focus on enhancing ride comfort, handling, and overall vehicle performance is fueling market growth. As automakers strive to meet stringent emissions regulations and adapt to changing consumer preferences, the automotive chassis systems market remains crucial in shaping the future of vehicle dynamics and safety.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Monocoque Chassis
Fastest Growth
Modular Chassis
Growth Rate
12.17% CAGR
Global Automotive Chassis Systems Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive Chassis Systems Market Segmental Analysis
The global Automotive Chassis Systems market is segmented into four major segments i.e. by Chassis Type, Chassis System, Material, and region. Based on Chassis Type, it is divided into Backbone Chassis, Ladder Frame Chassis, Monocoque Chassis, Modular Chassis. Based on Chassis System, it is bifurcated as Suspension System, Braking System, Steering System, Sub-frame. Based on material, it is segregated into, Steel, Aluminum, Carbon Fiber Composite. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Chassis Type
The monocoque chassis segment has emerged as a dominant force in the global automotive market. A monocoque chassis integrates the vehicle's body and chassis into a single structure, offering advantages such as reduced weight, improved fuel efficiency, and enhanced structural integrity. With automakers increasingly prioritizing lightweight construction to enhance performance and fuel economy, the superior structural performance of monocoque chassis makes it a preferred choice, particularly in passenger cars and modern vehicle designs.
On the other hand, modular chassis systems are anticipated to be the fastest-growing segment in the automotive industry. These chassis designs provide flexibility and scalability, allowing a single platform to be adapted across multiple vehicle models. The automotive industry's shift towards platform sharing and modular architectures to accommodate various vehicle types, including electric and hybrid vehicles, is driving the rapid adoption of modular chassis systems.
Analysis by Chassis System
The suspension structures segment has emerged as a dominant force in the global market, playing a crucial role in maintaining car balance, ensuring a comfortable driving experience, and handling. Ongoing advancements in suspension technology, including adaptive and electronic suspension systems, have bolstered their popularity. As automakers increasingly focus on enhancing the overall driving experience and safety, suspension systems remain integral to vehicle dynamics.
On the other hand, the steering systems segment is expected to experience rapid growth. The automotive industry is undergoing a transformation with a shift towards advanced steering technologies, such as Electric Power Steering (EPS) and steer-by-wire systems. These innovations aim to improve fuel efficiency, enable autonomous driving capabilities, and enhance overall vehicle manoeuvrability.
Global Automotive Chassis Systems Market By Type
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Automotive Chassis Systems Market Regional Insights
The Asia-Pacific (APAC) region has emerged as a dominant force in the global automobile chassis systems market. This dominance can be attributed to the region's substantial automotive production, particularly in countries like China, Japan, and South Korea. The robust growth of the automobile industry in APAC is fueled by favorable government regulations and a strong manufacturing base, making the region a key contributor to the global automotive chassis systems market.
Meanwhile, the Middle East and Africa (MEA) market is projected to witness the fastest compound annual growth rate (CAGR). This growth is driven by increasing car sales, infrastructure development, and growing investments in the automotive sector. As countries in the MEA region focus on economic diversification and industrialization, the automotive industry is expected to expand, thereby boosting the demand for advanced chassis systems.
Global Automotive Chassis Systems Market By Region
- Largest
- Fastest
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Automotive Chassis Systems Market Dynamics
Drivers
Increasing Emphasis on Lightweight Vehicle Designs
- The chronic emphasis on light-weight automobile designs to enhance gasoline performance and reduce emissions. Advancements in chassis materials and structures contribute to reaching these goals.
Increasing Demand for More Suitable Protection Capabilities
- The growing demand for enhanced safety features is driving innovations in chassis structures, including advanced suspension and steering technologies. The rise of electric and hybrid vehicles is also influencing chassis design to accommodate new powertrain configurations.
Restraints
High Economic Volatility and Fluctuations in Consumer Demand
- One of the main challenges in the market is economic volatility and fluctuations in consumer demand. This can impact regular car sales and, consequently, the demand for chassis systems.
High Complexity of Advanced Chassis Technologies
- The growing complexity of advanced chassis technologies may cause better production expenses, posing an undertaking for cost-sensitive markets. Stringent regulatory standards associated with emissions and safety might also require extra investments in studies and development for compliance, adding to the general price pressures on manufacturers.
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Automotive Chassis Systems Market Competitive Landscape
The competitive environment of the Automotive Chassis Systems market is dynamic and characterised by the lively participation of key industry gamers vying for market percentage and technological innovation. Collaboration and strategic partnerships are generic, as organizations are looking for to enhance their product portfolios and technological capabilities. The aggressive surroundings is marked via a focus on studies and development to introduce advanced chassis answers, addressing the enterprise's evolving needs for light-weight, durable, and technologically sophisticated structures.
Top Player’s Company Profiles
- ZF Friedrichshafen AG
- Continental AG
- Magna International Inc.
- Aisin Seiki Co., Ltd.
- American Axle & Manufacturing Holdings, Inc.
- Benteler International AG
- Schaeffler AG
- Faurecia
- BorgWarner Inc.
- Gestamp Automoción
- Hyundai Mobis
- Martinrea International Inc.
- Tower International
- CIE Automotive
- Dana Incorporated
- Valeo SA
- Plastic Omnium
- Meritor, Inc.
- Benteler Automotive
- Tenneco Inc.
Recent Developments
- In June 2023, Magna strengthened its active safety enterprise by way of finalizing the purchase of Veoneer Active Safety from SSW Partners. The completed deal positions Magna as one of the select providers capable of addressing the growing complexity bobbing up from superior software, system challenges, and integration.
- In December 2023, Geely Holding Group's commercial electric vehicle subsidiary, Farizon Auto, these days held its annual Farizon Auto Day in Xiangtan, Hunan. The occasion's centerpiece become the a great deal-predicted debut of the Homtruck, Farizon's groundbreaking luxurious electric powered heavy truck. This revolutionary vehicle represents the fruits of over six years of labor through Farizon's global R&D crew, skillfully mixing European car manufacturing information with China's leadership in new energy and intelligent technology.
- In April 2023, Chinese automaker BYD is making strides in the direction of the luxury market with the advent in their new DiSus Intelligent Body Control System. Announced on Monday, this revolutionary chassis suspension generation is about to debut in BYD's top class off-road SUV, the Yangwang U8.
Automotive Chassis Systems Key Market Trends
- Rising Adoption of Advanced Packaging Technologies: The growing integration of Advanced Driver Assistance Systems (ADAS) into chassis additives, enhancing protection capabilities and contributing to the development of semi-self sufficient and self reliant motors. Another key trend includes the rising adoption of lightweight substances, consisting of advanced excessive-energy metal and aluminum alloys, to obtain better gasoline efficiency without compromising structural integrity. Electric and hybrid car proliferation is influencing chassis design to deal with new powertrain configurations, aligning with the automotive industry's shift in the direction of electrification.
Automotive Chassis Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The Global Automotive Chassis Systems market is driven by the ongoing push for lightweight vehicle designs to enhance fuel efficiency and reduce emissions. Innovations in chassis materials and the integration of Advanced Driver Assistance Systems (ADAS) bolster safety and pave the way for semi-autonomous vehicles. However, economic instability and strict regulatory standards present challenges for the industry. Monocoque chassis designs are predominant, especially in the Asia-Pacific region due to robust automotive manufacturing. Key trends include the adoption of lightweight materials and the incorporation of ADAS within chassis components, showcasing the industry's adaptation to changing consumer preferences and regulatory trends focused on sustainability and safety.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 136.65 billion |
| Market size value in 2031 | USD 384.15 billion |
| Growth Rate | 12.17% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Chassis Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Chassis Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Chassis Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Chassis Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Chassis Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Chassis Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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