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Automotive Chassis - Global Market Trajectory & Analytics

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    Report

  • 468 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4911781

Global Automotive Chassis Market to Reach $71.9 Billion by 2026


Automotive chassis refers to the skeletal frame or structure of an automobile over which automotive parts and components and engines are placed. Designed to be lightweight, ductile and aerodynamic, the chassis system is the frame that offers strength as well as rigidity to the vehicle. The frame structure is generally made of carbon steel or aluminum alloy, materials that are subjected to processes such as welding, forging and stamping to obtain the final structure. By chassis type, monocoque type chassis constitutes the largest category in the global automotive chassis market. Monocoque chassis system involves use an aluminum body shell comprising welded structure components. The market will continue to hold major share of the market through the analysis period, due to its widespread utilization in passenger vehicles as well as light commercial vehicles. Given its light weight construction, the monocoque chassis type has a major role to play in enhancing overall fuel efficiency of the vehicle. Unlike ladder and backbone systems that define only the vehicle`s stress-bearing portion and required body to be built around the system, monocoque chassis system is a single-piece structure that describes the vehicle`s overall design and is created through welding of various parts.

Amid the COVID-19 crisis, the global market for Automotive Chassis estimated at US$56.3 Billion in the year 2022, is projected to reach a revised size of US$71.9 Billion by 2026, registering a compounded annual growth rate (CAGR) of 6.1% over the analysis period. Europe is projected to reach US$17 Billion by 2026. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 9.5% over the analysis period. Chassis system is made from materials such as aluminum, steel, cast iron, magnesium alloy and ferrous metals. By type of raw material used in chassis system, aluminum alloy continues to record strong gains in the market. The adoption of regulations to improve eco-friendliness of vehicles and the steady shift towards electric vehicles are factors fueling demand for aluminum alloy-induced chassis systems among automotive OEMs. Besides the use of traditional metals, automotive chassis systems are also being made of advanced materials. For instance, Ariel developed titanium-based chassis system for use in its Atom sports car, which led to a 40% reduction in weight compared to a steel based chassis system. In addition to weight reduction, titanium use in chassis systems also leads to significant increase in fuel efficiency, which is a vital aspect in motorsport vehicles.

The focus has also shifted onto the use of non-metal materials such as carbon fiber, conductive fiber and conductive powder, given the materials` ability to increase strength and reduce manufacturing cost. With cost of traditional materials rising, the focus is on exploring alternative materials including resins, metal alloys and fibers, as they are lightweight, and capable of providing high bearing strength for the payload. The shift towards electric vehicles, due to the implementation of strict emission control regulations and increasingly volatile fuel prices, are also driving growth in the chassis market. For EVs, the type of chassis systems needed is considerably different from that of internal combustion engine-based vehicles. Consequently, manufacturers are focused on development of chassis systems that can be used in electric vehicles. With the sales of EVs forecast to grow rapidly in the coming years, there is tremendous potential for EV chassis systems market.
Growing production of cars especially in developing countries will drive opportunities for automotive chassis, given the fact that the global automotive industry is expected to derive over 65% of its revenues and profits from emerging markets by the year 2022. The recent years witnessed the setting up of new body and chassis manufacturing facilities in emerging countries for structural welded assemblies for global OEMs. Globally, Asia-Pacific and China collectively account for a substantial share of the global automotive chassis market. Over the years, the production volume of vehicles in these regions has been witnessing a steady growth, led by the growing efforts of regional automotive OEMs to address the needs of domestic as well as overseas markets. There is in particular rapid growth in demand for light weight vehicles, which is driving demand for light weight chassis systems among auto OEMs in the region. With Asia-Pacific also at the forefront of EVs adoption compared to North America and Europe, the demand for chassis systems used in electric vehicles is also expected to grow rapidly in the region. The growing efforts of a number of EV makers to establish or expand presence in Asia-Pacific countries also augur well for the region`s automotive chassis systems market. The steadily rising demand for vehicles in major regional economies such as China and India will continue to provide positive outlook for the market.

Select Competitors (Total 39 Featured):

  • AL-KO International Pty Ltd.
  • Aisin Seiki Co. Ltd.
  • Autokiniton Global Group
  • BENTELER International
  • CIE Automotive
  • Continental AG
  • F-Tech, Inc.
  • Hitachi Automotive Systems Ltd.
  • Hyundai Mobis Co., Ltd.
  • KLT Automotive and Tubular Products Limited
  • Magna International, Inc.
  • Schaeffler Technologies AG & Co. KG
  • Spartan Motors, Inc.
  • ZF Friedrichshafen AG

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Automotive Chassis: Outlook
  • Monocoque Chassis Segment Leads the Global Market
  • Asia-Pacific to Drive Market Growth
  • Passenger Car Production in Asia by Select Countries (in 000 Units): 2018
  • Affluent Middle Class Opens Up Asia into a Major Market
  • A Key Demographic Driver of Consumerism, the Growing Middle Class Population in Asia Pacific Drives Demand for New Cars: Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Expanding Base of Middle Class in the Asian Region Provides the Perfect Platform for Automotive Consumerism: Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Automotive Chassis - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Evolving Chassis Technologies Support Future Mobility Trends Critical to Market Expansion
  • Chassis Systems to Play Critical Role in the Successful Adoption of Autonomous Driving
  • Top Developments with Most Impact on Car Chassis and Body
  • Migration towards Modular Vehicle Platforms: A Key Trend
  • Modular Vehicle Platforms Replace Standard Platforms Spurred by Rising Cost Competition & Need for Manufacturing Agility: Flattening Automotive Operating Profit Margin (In %) Indicates Rising Cost Pressures
  • Skateboard Chassis Gains Traction with Growth in EV Sales
  • Automotive Lightweighting and Stringent Fuel Efficiency Norms Presses Demand for Lightweight Chassis Systems
  • Average Vehicle Weight (in Pounds) for the Years 2015, 2020 and 2028
  • Emission Control Legislations in Select Regions/Countries
  • Emissions Target (In Grams per Mile) and Fuel Efficiency Target (In Miles per Gallon) Established by CAFE Standards for the Years 2018-2025
  • Automobile Production Trends to Spur Growth in the Chassis Market
  • Global Passenger Car Production (In Million Units) for the Years 2010, 2016, 2020, and 2024
  • Global Passenger Car Sales (In Million Units) for the Years 2010 - 2024
  • Global Passenger Car Sales by Region/Country (% Share): 2018
  • Steady Global Production of Commercial Vehicles Boosts Demand for Automotive Chassis
  • Global Commercial Vehicles Sales in Thousand Units for 2010-2018
  • Global Commercial Vehicle Production by Select Countries: 2011-2018 (in Thousand Units)
  • Urbanization Trends and e-Commerce Growth Back Growth in Commercial Vehicles Market
  • World Urban Population in Thousands: 1950-2050P
  • Global e-Commerce Sales as Percentage of Total Retail Sales (2015-2021)
  • Emergence of Electric Vehicles to Spur Demand for Automotive Chassis
  • Global Electric Vehicles Sales in Million Units (2015-2040)
  • Global EV Sales Breakdown by Region for the Years 2019, 2025 & 2030
  • Global Electric Vehicles Sales as a Percentage of Total Car Sales (2015-2040)
  • Shared Mobility Trends and Declining Vehicle Ownership Influence Market Dynamics
  • Global Shared Mobility Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • PRODUCT OVERVIEW
  • Automotive Chassis: A Definition
  • Chassis Design
  • Classification of Chassis
  • Chassis Classification Based on Application
  • Chassis Classification Based on Fit-to-Engine:
  • Classification as per Construction of Chassis
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Automotive Chassis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 39

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AL-KO International Pty Ltd.
  • Aisin Seiki Co. Ltd.
  • Autokiniton Global Group
  • BENTELER International
  • CIE Automotive
  • Continental AG
  • F-Tech, Inc.
  • Hitachi Automotive Systems Ltd.
  • Hyundai Mobis Co., Ltd.
  • KLT Automotive and Tubular Products Limited
  • Magna International, Inc.
  • Schaeffler Technologies AG & Co. KG
  • Spartan Motors, Inc.
  • ZF Friedrichshafen AG