Global Automotive Chassis Systems Market to Reach US$ 141.3 Billion by 2032, Accelerated by Increasing Demand for Lightweight and Fuel-Efficient Vehicles

July 03, 2023 | Automotive Industry

As per the latest report by IMARC Group, titled "Automotive Chassis Systems Market Report by Component (Control Arms, Tie-Rods, Stabilizer Links, Suspension Ball Joints, Cross-Axis Joints, Knuckles and Hubs, and Others), Chassis System (Rear Axle, Front Axle, Corner Modules, Active Kinematics Control, and Others), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Construction Equipment Vehicles, Defense Vehicles, and Others), and Region 2024-2032," the global automotive chassis systems market size reached US$ 89.6 Billion in 2023. The automotive chassis system is an essential component that plays a crucial role in the overall functioning and performance of a vehicle. It serves as the structural backbone, supporting and connecting various components of the vehicle. It is manufactured using steel, aluminum, magnesium, carbon fiber reinforced polymers (CFRP), and fiberglass reinforced polymers (FRP). The chassis system works by distributing the weight of the vehicle evenly across the wheels and providing a stable platform for the suspension and steering systems. It consists of the frame, suspension, steering, and braking components, all working together to deliver a safe and comfortable driving experience. The automotive chassis system helps to enhance vehicle stability, provide better handling and control, improve road grip, and reduce the chances of skidding or loss of control during cornering or emergency maneuvers. Additionally, it also contributes to passenger safety by absorbing and dissipating impact forces in the event of a collision. Currently, there are several types of product variants available, each catering to specific vehicle requirements, including ladder frame, monocoque, unibody, space frame, and tubular chassis systems. 


Global Automotive Chassis Systems Market Trends:

The increasing demand for fuel-efficient and lightweight vehicles has propelled the adoption of advanced chassis systems, such as multi-link suspension and independent rear suspension, enhancing vehicle performance and handling, which represents one of the factors propelling the market growth. Moreover, governments of various nations are imposing stringent regulations focusing on safety and emission standards that have prompted automotive manufacturers to integrate advanced chassis technologies, including electronic stability control and anti-lock braking systems, which is acting as another growth-inducing factor. This is further supported by the rising trend of electric and hybrid vehicles and the growing preference for enhanced comfort and luxury features in vehicles. Furthermore, the increasing consumer inclination towards sporty and high-performance vehicles has led to the adoption of performance-oriented chassis systems, such as active roll control and torque vectoring, enhancing vehicle dynamics and handling capabilities, further creating a positive outlook for the market. In line with this, the rapid expansion of the automotive aftermarket, coupled with the need for chassis system upgrades and replacements, are accelerating the market growth. Additionally, the advancements in automotive technology, such as the integration of chassis systems with artificial intelligence (AI) and connectivity features and the burgeoning research and development (R&D) activities aimed at improving chassis system design, material composition, and overall performance are providing a thrust to the market growth. Looking forward, the market value is projected to reach US$ 141.3 Billion by 2032, expanding at a CAGR of 5.09% during 2024-2032.


Market Summary: 

  • By the component, the market is segregated into control arms, tie-rods, stabilizer links, suspension ball joints, cross-axis joints, knuckles and hubs, and others.
  • Based on the chassis system, the market is categorized into rear axle, front axle, corner modules, active kinematics control, and others.
  • By the vehicle type, the market is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles, construction equipment vehicles, defense vehicles, and others.
  • Region-wise, the market has been categorized into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined with some of the key players being Aisin Corporation, American Axle & Manufacturing Inc, Autokiniton US Holdings Inc., Benteler International AG, Continental AG, Gestamp Automoción S.A., Hyundai Mobis Co. Ltd, Magna International Inc, Robert Bosch GmbH, Schaeffler AG and ZF Friedrichshafen AG.


Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Chassis System, Vehicle Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aisin Corporation, American Axle & Manufacturing Inc, Autokiniton US Holdings Inc., Benteler International AG, Continental AG, Gestamp Automoción S.A., Hyundai Mobis Co. Ltd, Magna International Inc, Robert Bosch GmbH, Schaeffler AG and ZF Friedrichshafen AG
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Automotive Chassis Systems Market to Reach US$ 141.3 Billion by 2032, Accelerated by Increasing Demand for Lightweight and Fuel-Efficient Vehicles
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More