Global Automotive Chassis
Market Report
2024
Automotive Chassis Market size is USD 66879.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.98% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Automotive Chassis market size will be USD 66879.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.98% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Chassis Market Sales Revenue 2024 | $ 66879.2 Million |
Global Automotive Chassis Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.98% |
Market Split by Chassis |
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Market Split by Material |
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Market Split by Vehicle |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Chassis industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Chassis Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The automotive chassis market is a vital sector within the automotive industry, encompassing the structural framework that supports the vehicle's body and mechanical components. Serving as the foundation for vehicle assembly, the chassis provides structural integrity, stability, and safety to automobiles. It integrates various components such as suspension systems, steering mechanisms, brakes, and powertrain elements, enabling efficient vehicle operation and maneuverability. The market is driven by factors like increasing vehicle production, technological advancements in chassis design, and growing consumer demand for safer and more fuel-efficient vehicles. Additionally, stringent regulatory standards related to emissions, safety, and vehicle performance influence the development of chassis technologies. With ongoing innovations aimed at lightweight, electrification, and enhanced durability, the automotive chassis market is poised for continued growth, offering opportunities for manufacturers, suppliers, and stakeholders across the automotive supply chain.
Technological Advancements in Chassis Systems to Increase the Demand Globally - Rapid advancements in chassis technologies, including active suspension systems, adaptive damping, and electronic stability control, enhance vehicle dynamics, safety, and comfort. These innovations improve handling, stability, and overall driving experience, aligning with consumer preferences for more sophisticated and technologically advanced vehicles. As automotive OEMs integrate these advanced chassis systems into their product portfolios, the market for automotive chassis continues to expand, driven by the demand for enhanced vehicle performance and safety features. Vehicle Lightweighting Initiatives- Automotive manufacturers are increasingly focused on the reduction of vehicle weight to enhance fuel efficiency and minimize emissions. Lightweight chassis materials and designs play a pivotal role in achieving these objectives.
Rapid Technological Advancements- Constant advancements in automotive technology require chassis manufacturers to continuously innovate and adapt, increasing development costs and potentially creating obsolescence concerns for existing products. Strict Regulatory Standards- Compliance with stringent regulatory standards regarding safety, emissions, and vehicle performance adds complexity and cost to chassis design and production processes, potentially limiting market competitiveness.
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In April 2023, Magna International was contracted to build INEOS Automotives’s all-new electric SUV, with production scheduled to start in 2026, in Austria. The company will also be responsible for engineering the entire vehicle.
(Source: https://www.magna.com/)
Top Companies Market Share in Automotive Chassis Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue as the region hosts a significant concentration of key automotive manufacturers, including leading players in chassis production. Additionally, North America boasts advanced research and development capabilities, driving innovation in chassis technologies. Furthermore, the presence of a robust automotive aftermarket and a large consumer base with high purchasing power contribute to North America's dominance in the automotive chassis market.
Asia-Pacific stands out as the fastest-growing region in the Automotive Chassis market for several compelling reasons. Rapid urbanization, rising disposable incomes, and increasing automotive production in countries like China, India, and Japan fuel the demand for vehicles, consequently driving the need for advanced chassis systems. Moreover, the region's expanding infrastructure, coupled with government initiatives promoting vehicle safety and emission standards, stimulates investments in innovative chassis technologies. These dynamics position Asia Pacific as a key growth hub for the automotive chassis market in the coming years.
The current report Scope analyzes Automotive Chassis Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Automotive Chassis Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Chassis Industry growth. Automotive Chassis market has been segmented with the help of its Chassis, Material Vehicle, and others. Automotive Chassis market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Automotive Chassis market.
Chassis of Automotive Chassis analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Chassis Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive Chassis from 2019 to 2031. This will also help to analyze the demand for Automotive Chassis across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Material of Automotive Chassis are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Chassis market report 2024 Edition by contacting our team.
According to Cognitive Market Research, passenger cars dominate the category due to their sheer volume in global vehicle production and sales. As the most widely used type of vehicle, passenger cars necessitate a diverse range of chassis designs to accommodate varying sizes, styles, and performance requirements. Manufacturers focus on developing chassis that prioritize comfort, safety, and driving dynamics to meet consumer demands. Moreover, technological advancements such as lightweight materials, integrated safety features, and modular platforms further enhance the appeal of passenger car chassis.
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Chassis Market is witnessing significant growth in the near future.
In 2023, the Backbone Chassis segment accounted for noticeable share of global Automotive Chassis Market and is projected to experience significant growth in the near future.
The High Strength Steel segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies American Axle & Manufacturing , Magna International Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Chassis | Backbone Chassis, Ladder Chassis, Monocoque Chassis, Modular Chassis |
Material | High Strength Steel, Aluminum Alloy, Mild Steel, Carbon Fiber Composite |
Vehicle | Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles |
List of Competitors | American Axle & Manufacturing, Bosch GmbH, Magna International Inc., Continental AG, Hyundai Mobis, ZF Friedrichshafen AG, Faurecia SA, Aisin Seiki Co. Ltd., BorgWarner Inc., ThyssenKrupp AG, BENTELER International AG, Dana Incorporated, Tower International, Martinrea International Inc., Schaeffler Group, Benteler Automotive |
This chapter will help you gain GLOBAL Market Analysis of Automotive Chassis. Further deep in this chapter, you will be able to review Global Automotive Chassis Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Automotive Chassis Market Trends North America Automotive Chassis Technological Road Map North America Automotive Chassis Market Drivers North America Automotive Chassis Market Restraints North America Automotive Chassis Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Chassis Analysis 2019 -2031, will provide market size split by Chassis. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Chassis Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Material Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Vehicle Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Chassis market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Backbone Chassis have a significant impact on Automotive Chassis market? |
What are the key factors affecting the Backbone Chassis and Ladder Chassis of Automotive Chassis Market? |
What is the CAGR/Growth Rate of High Strength Steel during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Chassis Market? |
Which region is expected to dominate the global Automotive Chassis Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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