Automotive Chassis Market

Global Automotive Chassis Market Size (2024 to 2032)

The global automotive chassis market was expected to be valued at USD 89.1 billion in 2023 and is anticipated to reach USD 94.28 billion in 2024 from USD 148.12 billion by 2032, growing at a CAGR of 5.81% from 2024 to 2032.

The chassis might be a system of auto construction on which different pieces of the vehicle are mounted. The undercarriage of the vehicle is framed of such a material that has adequate strength in touch with the heap of the vehicle and is touch adaptable to support the strain and shocks that are brought about by turning and track conditions. It's the undercarriage on which every one of the frameworks of the vehicle, like directing gathering, the suspension, the slowing mechanism, the body of the vehicle, and so on, is joined. Case framework plans incorporate dynamic kinematic control, point modules, uncommon pivots, and a front hub. During these new years, the producers are more engaged towards diminishing the heap of the undercarriage, which can ultimately diminish the fossil fuel by-product; additionally, it'll likewise cause an expansion in the productivity of the vehicle. So innovative work is being controlled in this field to make more productive and lighter chassis Systems with ideal strength and versatility.

MARKET DRIVERS

The principal factors driving the development of the market for auto body frameworks incorporate the developing interest in energy-effective vehicles, expanded mechanical developments and progressions, and expanded auto creation. Actually, fluctuating costs of staples and diminishing vehicle possession because of expanding shared versatility are some of the components that may limit the development of the market. Be that as it may, rising electric vehicle creation is expected to supply worthwhile freedoms for the extension of the market. Likewise, the occasion of super light body frameworks, which clears a path for spic and span organizations to enter the market absent a lot of R&D speculation, is anticipated to supply openings for market development.

MARKET RESTRAINTS

The raw materials used for manufacturing of the automotive chassis system mainly consist of steel, aluminum alloys, et al. Therefore, the value of metals, such as aluminum, carbon et al., used in the manufacture of chassis systems is increasing in some regions of the world due to the reform of the European emissions trading system. These variables are expected to frustrate the reception of those metals for assembling body frameworks. Accordingly, changes in the costs of crude materials utilized in chassis frameworks are relied upon to hinder the development of the world market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Automotive Chassis Market By Chassis System

Driving vehicle producers are making chassis systems with advancements and types of progress in view of extending interest for premium and further developed execution vehicles. For example, AUDI AG, one of the principal automakers, introduced the new Audi A6, which involves a typically weighted electric power coordinating and a unique skeleton mode that engages customized choke moving and works on the driving experience and driving even on mountain roads, empowering an interest for an especially extreme vehicle. Henceforth, advancements and creative degrees of progress in body systems will drive the augmentation of the overall vehicle case structures market.

Global Automotive Chassis Market By Vehicle Type

In electric vehicle type, skateboard casing will get a more prominent piece of the general business during the expected period. The Skateboard case involves an edge that licenses it to pass on the colossal battery pack that navigates the whole region of the packaging for instance between the four wheels nearby the suspension, brakes, and thusly the barrel molded motors. Furthermore, this underside structure can maintain assorted body styles for various applications.

REGIONAL ANALYSIS

Europe has a significant share of the global automotive chassis systems market due to the presence of the leading OEMs in this region.

Asia Pacific is predicted to point out significant growth within the forecast period for various reasons like an increase in per capita income of the country, much less concentration of automobiles as compared to Europe and America, and government initiatives within the countries like China and India to market manufacturing also will contribute towards the expansion of this market.

KEY MARKET PLAYERS

American Axle & Manufacturing, Robert Bosch GmbH, ZF Friedrichshafen, Magna International Inc., Aisin Seiki Co., Continental AG, Hyundai Mobis, Schaeffler AG, Benteler International AG, American Axle & Manufacturing. Some of the market players that dominate the global automotive chassis market.

RECENT DEVELOPMENTS IN THE GLOBAL MARKET

• The Japanese overall blend Toshiba Digital and Consulting Corporation (TDX) and the Spanish Gestamp, a world boss in metallic portions for cars, have announced their cooperation in an endeavor to convey advanced observing and examination to the welding of vehicle suspension parts.

DETAILED SEGMENTATION OF THE GLOBAL AUTOMOTIVE CHASSIS MARKET INCLUDED IN THIS REPORT

This research report on the global automotive chassis market has been segmented and sub-segmented into the following categories. 

By Component

• Tie-Rods
• Stabilizer Links
• Suspension Ball Joints
• Cross-Axis Joints
• Control Arms
• Knuckles & Hubs

By Chassis System

• Front Axle
• Rear Axle
• Corner Modules
• Active Kinematics Control

By Vehicle Type

• Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Construction Equipment Vehicles
• Defense Vehicles
• Farm Tractors

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa