Global Automotive Chassis System Market 2023-2030

Description

List of Tables

Global Automotive Chassis System Market Size, Share & Trends Analysis Report by Chassis Type (Backbone Chassis, Ladder Chassis, Monocoque Chassis, and Modular Chassis), by Vehicle Type (Passenger Car and Commercial Vehicle), and by Component (Tie-Rods, Stabilizer Links, Suspension Ball Joints, Cross-Axis Joints, Control Arms and Knuckles & Hubs), Forecast Period (2023-2030)

The global Automotive Chassis system market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2023-2030). An automotive chassis is the fundamental framework of a vehicle upon which the body, engine, drivetrain, and other components are mounted. It provides the structural support for the vehicle and plays a critical role in its performance, handling, and safety. The increasing vehicles sales is a key contributor to the growth of the global market.

According to the IEA, global SUV sales were extremely resilient throughout the pandemic, increasing by more than 10% between 2020 and 2021. SUV sales reached to a new high in 2021, in terms of volume and market share, accounting for more than 45% of all new car sales globally. SUV sales are still rising rapidly in several nations, including the US, India, and Europe. And an increasing number of SUVs were electric, accounting for around 16% of total SUV sales in 2022, above the average overall market share for EVs. For the first time ever, electric SUVs last year accounted for over half of global electric car sales.

Segmental Outlook

The global automotive chassis system market is segmented on the chassis type, vehicle type, and component. Based on the chassis type, the market is sub-segmented into backbone chassis, ladder chassis, monocoque chassis, and modular chassis. Based on vehicle type, the market is sub-segmented into passenger car and commercial vehicle. Based on the component, the market is sub-segmented into tie-rods, stabilizer links, suspension ball joints, cross-axis joints, control arms and knuckles & hubs. Among the chassis type, the laddersub-segment is anticipated to hold a considerable share of the market, owing to the fact that ladder frame is a traditional chassis design that resembles a ladder, with two parallel longitudinal rails connected by crossmembers. It is known for its strength and durability, commonly used in trucks, SUVs, and off-road vehicles. For instance, In August 2023, Mahindra & Mahindra announced plans to launch a new Scorpio N-based pickup SUV. In South Africa's Cape Town, it showcased the Scorpio N-based pickup concept the Global Pik Up. The pickup SUV will be based on the Scorpio-N's Gen ladder-frame chassis and will be powered by the same engines as the Scorpio-N

The Monocoque Chassis Sub-Segment is Anticipated to Hold a Considerable Share of the Global Automotive Chassis System Market

Among the chassis type, the monocoque chassis sub-segment is expected to hold a considerable share of the global automotive chassis system market. It is a type of automotive chassis in which the body and frame are integrated into a single unit. This type of construction is becoming increasingly popular in the automotive industry due to its numerous advantages which includes, increased strength and rigidity, improved safety, and design flexibility. For instance, In June2023, Dash-CAE launches versatile, cost-effective carbon monocoque chassis. The TR01 chassis opens new possibilities for niche automotive manufacturers and larger international OEMs by offering an affordable, versatile, lightweight, and high-stiffness carbon monocoque chassis. These programs are often incredibly expensive and the ability to use a production carbon monocoque is a huge time- and cost-saving, without compromising performance. The TR01 is described being as suitable for any two-seater vehicle requiring a lightweight and stiff carbon monocoque and, although predominantly standardized, can be adapted to customer requirements. It offers a claimed stiffness of 35,000Nm/deg, weighs only 50kg.

Regional Outlook

The global automotive chassis system market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to increasing R&D investment, well-established automotive industry, and growing adoption of advanced technologies and materials in the automotive industry in this region.

Asia-Pacific is Expected to Grow at a Significant CAGR in the Global Automotive Chassis System Market

Among all regions, the Asia-pacific is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the presence of some of the largest and fastest-growing economies in the world such as, China, India, and Japan, which are also among the largest automotive markets globally. The automakers are responding to this demand by increasing their production capacities in the region, which is driving the demand for chassis systems. These factors are driving the growth of the market in the region. Additionally, the market players are continuously working on strategic development such as, partnership, merger, acquisition, and product launch to stay competitive in the market. For instance, in August 2022,Ashok Leyland, the flagship of the Hinduja Group and the country's leading commercial vehicle manufacturer, launched its innovative 13.5m bus chassis at Prawaas 3.0, organized by Bus & Car Operators Confederation of India (BOCI). The 13.5m intercity bus chassis (4X2) is a new platform engineered for high-speed intercity commute with larger saloon space. It offers 20% additional passenger capacity (36 sleeper berths) against the 12m intercity chassis (30 sleeper berths), thereby maximizing per trip revenue for the customers.

Market Players Outlook

The major companies serving the Automotive Chassis system market include Gestamp Automocin S.A., Schaeffler AG, Magna International Inc, Continental AG, and Aisin Seiki Co. Ltd. among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, Ligier Automotive has announced the extension of its partnership with Parella Motorsports Holdings (PMH) to support the Formula Regional Americas Championship.

The Report Covers:

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global automotive chassis system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2027963

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. Aisin Corp.
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. Continental AG
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. ZF Friedrichshafen AG
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Key Strategy Analysis

4. Market Segmentation

4.1. Global Automotive Chassis System Market by Chassis Type
- 4.1.1. Backbone Chassis
- 4.1.2. Ladder Chassis
- 4.1.3. Monocoque Chassis
- 4.1.4. Modular Chassis
4.2. Global Automotive Chassis System Market by Vehicle Type
- 4.2.1. Passenger Car
- 4.2.2. Commercial Vehicle
4.3. Global Automotive Chassis System Market by Component
- 4.3.1. TIE-RODS
- 4.3.2. Stabilizer Links
- 4.3.3. Suspension Ball Joints
- 4.3.4. Cross-Axis Joints
- 4.3.5. Control Arms
- 4.3.6. Knuckles & Hubs

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. ALOIS KOBER GMBH
6.2. American Axle & Manufacturing Inc.
6.3. Autokiniton Global Group
6.4. Benteler International AG
6.5. CIE Automotive
6.6. F-Tech, Inc.
6.7. Gestamp Automocin S.A.
6.8. Hitachi Automotive Systems Ltd.
6.9. Hyundai Mobis Co., Ltd.
6.10. KLT Group
6.11. Magna International Inc.
6.12. Robert Bosch GmbH
6.13. Schaeffler Group
6.14. Spartan Motors, Inc.
6.15. Tower International, Inc.