The Automotive Chassis Market size was valued at USD 145.6 Bn in 2023 and is expected to reach USD 365.68 Bn by 2031 and grow at a CAGR of 12.2% over the forecast period of 2024-2031.
Traditional body-on-frame construction uses a robust steel or other material frame as the chassis. The vehicle's weight is supported by this frame, which also serves as a mounting surface for other parts. Unibody construction is frequently used in contemporary automobiles, particularly in crossovers and passenger cars. The chassis and body are combined into a single component in this design, which reduces weight and increases rigidity. Most current autos frequently have this. The vehicle's suspension system is mounted to the chassis. These factors determine the vehicle's stability, handling, and ride comfort. The automotive industry growth rate is approximately matching up with 50% YoY growth compared to other industries which is increasing the demand.
The engine and gearbox can be mounted on the chassis. To lessen noise and increase overall driving comfort, these mounts aid in keeping the powertrain in place and absorbing vibrations. To enable steering and braking control, the steering column and brake components are normally fastened to the chassis. The chassis frequently provides spaces for the exhaust system and fuel tank mounting. Front and rear crumple zones are frequently used in contemporary chassis designs. These parts are made to distort during a collision in a regulated way, absorbing energy, and safeguarding occupants. The vehicle's safety cage, which is intended to safeguard passengers, is likewise built on the chassis.
The chassis layout affects how the vehicle's weight is distributed, which has an impact on how it handles and balances. In order to protect passengers in the event of an accident, chassis components must be constructed to meet safety standards and have sufficient structural integrity. Steel is a typical choice for chassis because of its strength and longevity. To minimise weight, some vehicles may use aluminium or composite materials.
Driver
The growth of automotive industry and the rising demand
A market size of 2.86 trillion dollars was generated by the automotive manufacturing industry in 2021, and in 2022 it is anticipated to increase. The sale of new automobiles is the main factor influencing chassis demand. The demand for chassis increases along with the growth of the automotive industry and rising customer demand for automobiles, trucks, and other vehicles. On the other hand, demand for chassis may fall during economic downturns or market contractions. Chassis demand may be impacted by changes in consumer tastes and market trends. For instance, the demand for varied types and numbers of chassis is influenced by the increased popularity of SUVs and crossover vehicles, which frequently require different chassis designs than conventional sedans.
Restrain
The global disruptions which are causing backlogs and volatility.
Opportunity
The rising trends in automotive industry and the rising sales percentage post global disruptions.
The need for automobiles in developing nations like China, India, and other regions of Southeast Asia has significantly boosted the market for chassis. The demand for cars is increasing as these economies expand and more people can afford them.
Challenge
The high cost and rising geopolitical pressures.
A recession's most immediate effects include a decline in consumer spending. The consumer’s spending is decreased by 6% people often put off large purchases like cars during economic downturns. Because chassis systems and components are essential to the 12% production of vehicles, lower production volumes caused by decreased demand for vehicles have an impact on the market for them. Automakers frequently undertake production cuts and plant closures as a response to declining demand. Suppliers and manufacturers in the chassis sector may experience reduced demand for chassis materials and components as a result. Recessions can cause supply chain disruptions the companies have experienced 30% loss because of backlogs which has disrupted their financial aspects in the automotive industry, which can delay the delivery of materials and chassis parts. Some suppliers may even have financial issues as they fight to sustain production levels.
Impact of Russia Ukraine War:
Steel, aluminium, and electrical components, among other raw materials and parts needed in the production of automobiles, are all significantly imported from Ukraine. Any interruptions in the flow of these materials from Ukraine could complicate the supply chains for the producers of chassis and autos and possibly postpone production. Supply chain interruptions, particularly those that influence raw materials, can lead to an increase in the cost of the components required to make chassis. Because of this, chassis makers may incur greater manufacturing expenses, which could result in increased vehicle prices. As a result, new automobile prices may rise for consumers. The cost has increase by 10% which has led to several pricing pressures on OEMs. Also, the transportation prices have got influenced by 25% because of the war.
By Chassis Type
Non-Conventional
Modular
Conventional
By Vehicle Type
Passenger Car
Commercial Car
Electric Vehicles
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Regional Analysis:
The automotive market in North America, and particularly the United States, is developed. Light vehicles, SUVs, and pickup trucks are in high demand in the US and frequently have distinctive chassis designs. These nations are important centres to produce car chassis for both local and international markets. Chassis design is influenced by the strict safety and emissions regulations in the North American market.
Europe will be the region with the second largest share, the automobile sector in this area is well-established, and safety and environmental requirements are highly prioritised. Efficiency and pollution reduction are frequently given priority in chassis designs. A few nations in this region, especially Slovakia and Hungary, have emerged as major hubs to produce automobile chassis. In certain areas, lower labour costs may be an advantage.
APAC is the region with the highest CAGR growth rate because, China is the largest automotive market in the world and a major producer of automobiles and chassis parts. From little vehicles to large trucks, a variety of vehicle types are available on the Chinese market. These two nations are renowned for their technological advances in the automotive industry i.e., Japan and South Korea. For their automobiles, Japanese and South Korean automakers frequently use cutting-edge materials and chassis designs. Small and tiny automobiles dominate the Indian automotive market. Designing a chassis frequently puts durability and cost effectiveness first.
The major key players are Schaeffler Technologies, Hyundai Motor, Aisin Seiki, Mahna International, Continental Ag, Tower International, CIE Automotive, REE automotive, Benteler International AG, ZF Friedrichshafen AG and others players.
Hyundai Motor; The company has stated investing heavily in U.S. for the inhouse production of parts, this will reduce the dependency factor.
Continental AG: The company is very much focused on improving the mobility services and aligning with the climate sustainability goals of government.
| Report Attributes | Details |
| Market Size in 2023 | US$ 145.6 Billion |
| Market Size by 2031 | US$ 365.68 Billion |
| CAGR | CAGR of 12.2% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Chassis Type (Non-conventional, Modular, Conventional) • By Vehicle Type (Passenger Car, Commercial Car, Electric Vehicles) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Schaeffler Technologies, Hyundai Motor, Aisin Seiki, Mahna International, Continental Ag, Tower International, CIE Automotive, REE automotive, Benteler International AG, ZF Friedrichshafen AG |
| Key Drivers | • The growth of automotive industry and the rising demand |
| Market Opportunity | • The rising trends in automotive industry and the rising sales percentage post global disruptions. |
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact Of Russia Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Recreational Vehicle Market Segmentation, By Chassis Type
9.1 Introduction
9.2 Trend Analysis
9.3 Non-Conventional
9.4 Modular
9.5 Conventional
10. Recreational Vehicle Market Segmentation, By Vehicle Type
10.1 Introduction
10.2 Trend Analysis
10.3 Passenger Car
10.4 Commercial Vehicles
10.5 Electric Vehicles
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Recreational Vehicle Market by Country
11.2.3 North America Recreational Vehicle Market By Chassis Type
11.2.4 North America Recreational Vehicle Market By Vehicle Type
11.2.5 USA
11.2.5.1 USA Recreational Vehicle Market By Chassis Type
11.2.5.2 USA Recreational Vehicle Market By Vehicle Type
11.2.6 Canada
11.2.6.1 Canada Recreational Vehicle Market By Chassis Type
11.2.6.2 Canada Recreational Vehicle Market By Vehicle Type
11.2.7 Mexico
11.2.7.1 Mexico Recreational Vehicle Market By Chassis Type
11.2.7.2 Mexico Recreational Vehicle Market By Vehicle Type
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Recreational Vehicle Market by Country
11.3.2.2 Eastern Europe Recreational Vehicle Market By Chassis Type
11.3.2.3 Eastern Europe Recreational Vehicle Market By Vehicle Type
11.3.2.4 Poland
11.3.2.4.1 Poland Recreational Vehicle Market By Chassis Type
11.3.2.4.2 Poland Recreational Vehicle Market By Vehicle Type
11.3.2.5 Romania
11.3.2.5.1 Romania Recreational Vehicle Market By Chassis Type
11.3.2.5.2 Romania Recreational Vehicle Market By Vehicle Type
11.3.2.6 Hungary
11.3.2.6.1 Hungary Recreational Vehicle Market By Chassis Type
11.3.2.6.2 Hungary Recreational Vehicle Market By Vehicle Type
11.3.2.7 Turkey
11.3.2.7.1 Turkey Recreational Vehicle Market By Chassis Type
11.3.2.7.2 Turkey Recreational Vehicle Market By Vehicle Type
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe Recreational Vehicle Market By Chassis Type
11.3.2.8.2 Rest of Eastern Europe Recreational Vehicle Market By Vehicle Type
11.3.3 Western Europe
11.3.3.1 Western Europe Recreational Vehicle Market by Country
11.3.3.2 Western Europe Recreational Vehicle Market By Chassis Type
11.3.3.3 Western Europe Recreational Vehicle Market By Vehicle Type
11.3.3.4 Germany
11.3.3.4.1 Germany Recreational Vehicle Market By Chassis Type
11.3.3.4.2 Germany Recreational Vehicle Market By Vehicle Type
11.3.3.5 France
11.3.3.5.1 France Recreational Vehicle Market By Chassis Type
11.3.3.5.2 France Recreational Vehicle Market By Vehicle Type
11.3.3.6 UK
11.3.3.6.1 UK Recreational Vehicle Market By Chassis Type
11.3.3.6.2 UK Recreational Vehicle Market By Vehicle Type
11.3.3.7 Italy
11.3.3.7.1 Italy Recreational Vehicle Market By Chassis Type
11.3.3.7.2 Italy Recreational Vehicle Market By Vehicle Type
11.3.3.8 Spain
11.3.3.8.1 Spain Recreational Vehicle Market By Chassis Type
11.3.3.8.2 Spain Recreational Vehicle Market By Vehicle Type
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands Recreational Vehicle Market By Chassis Type
11.3.3.9.2 Netherlands Recreational Vehicle Market By Vehicle Type
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland Recreational Vehicle Market By Chassis Type
11.3.3.10.2 Switzerland Recreational Vehicle Market By Vehicle Type
11.3.3.11 Austria
11.3.3.11.1 Austria Recreational Vehicle Market By Chassis Type
11.3.3.11.2 Austria Recreational Vehicle Market By Vehicle Type
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe Recreational Vehicle Market By Chassis Type
11.3.2.12.2 Rest of Western Europe Recreational Vehicle Market By Vehicle Type
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific Recreational Vehicle Market by Country
11.4.3 Asia Pacific Recreational Vehicle Market By Chassis Type
11.4.4 Asia Pacific Recreational Vehicle Market By Vehicle Type
11.4.5 China
11.4.5.1 China Recreational Vehicle Market By Chassis Type
11.4.5.2 China Recreational Vehicle Market By Vehicle Type
11.4.6 India
11.4.6.1 India Recreational Vehicle Market By Chassis Type
11.4.6.2 India Recreational Vehicle Market By Vehicle Type
11.4.7 Japan
11.4.7.1 Japan Recreational Vehicle Market By Chassis Type
11.4.7.2 Japan Recreational Vehicle Market By Vehicle Type
11.4.8 South Korea
11.4.8.1 South Korea Recreational Vehicle Market By Chassis Type
11.4.8.2 South Korea Recreational Vehicle Market By Vehicle Type
11.4.9 Vietnam
11.4.9.1 Vietnam Recreational Vehicle Market By Chassis Type
11.4.9.2 Vietnam Recreational Vehicle Market By Vehicle Type
11.4.10 Singapore
11.4.10.1 Singapore Recreational Vehicle Market By Chassis Type
11.4.10.2 Singapore Recreational Vehicle Market By Vehicle Type
11.4.11 Australia
11.4.11.1 Australia Recreational Vehicle Market By Chassis Type
11.4.11.2 Australia Recreational Vehicle Market By Vehicle Type
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Recreational Vehicle Market By Chassis Type
11.4.12.2 Rest of Asia-Pacific Recreational Vehicle Market By Vehicle Type
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Recreational Vehicle Market by Country
11.5.2.2 Middle East Recreational Vehicle Market By Chassis Type
11.5.2.3 Middle East Recreational Vehicle Market By Vehicle Type
11.5.2.4 UAE
11.5.2.4.1 UAE Recreational Vehicle Market By Chassis Type
11.5.2.4.2 UAE Recreational Vehicle Market By Vehicle Type
11.5.2.5 Egypt
11.5.2.5.1 Egypt Recreational Vehicle Market By Chassis Type
11.5.2.5.2 Egypt Recreational Vehicle Market By Vehicle Type
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia Recreational Vehicle Market By Chassis Type
11.5.2.6.2 Saudi Arabia Recreational Vehicle Market By Vehicle Type
11.5.2.7 Qatar
11.5.2.7.1 Qatar Recreational Vehicle Market By Chassis Type
11.5.2.7.2 Qatar Recreational Vehicle Market By Vehicle Type
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East Recreational Vehicle Market By Chassis Type
11.5.2.8.2 Rest of Middle East Recreational Vehicle Market By Vehicle Type
11.5.3 Africa
11.5.3.1 Africa Recreational Vehicle Market by Country
11.5.3.2 Africa Recreational Vehicle Market By Chassis Type
11.5.3.3 Africa Recreational Vehicle Market By Vehicle Type
11.5.2.4 Nigeria
11.5.2.4.1 South Africa Recreational Vehicle Market By Chassis Type
11.5.2.4.2 South Africa Recreational Vehicle Market By Vehicle Type
11.5.2.5 South Africa
11.5.2.5.1 South Africa Recreational Vehicle Market By Chassis Type
11.5.2.5.2 South Africa Recreational Vehicle Market By Vehicle Type
11.5.2.6 Rest of Africa
11.5.2.6.1 Rest of Africa Recreational Vehicle Market By Chassis Type
11.5.2.6.2 Rest of Africa Recreational Vehicle Market By Vehicle Type
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Recreational Vehicle Market by Country
11.6.3 Latin America Recreational Vehicle Market By Chassis Type
11.6.4 Latin America Recreational Vehicle Market By Vehicle Type
11.6.5 Brazil
11.6.5.1 Brazil Recreational Vehicle Market By Chassis Type
11.6.5.2 Brazil Recreational Vehicle Market By Vehicle Type
11.6.6 Argentina
11.6.6.1 Argentina Recreational Vehicle Market By Chassis Type
11.6.6.2 Argentina Recreational Vehicle Market By Vehicle Type
11.6.7 Colombia
11.6.7.1 Colombia Recreational Vehicle Market By Chassis Type
11.6.7.2 Colombia Recreational Vehicle Market By Vehicle Type
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Recreational Vehicle Market By Chassis Type
11.6.8.2 Rest of Latin America Recreational Vehicle Market By Vehicle Type
12. Company Profiles
12.1 Schaeffler Technologies
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Hyundai Motor
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Aisin Seiki
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Mahna International
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Continental Ag
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Tower International
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 CIE Automotive
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 REE automotive
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Benteler International AG
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 ZF Friedrichshafen AG
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. USE Cases And Best Practices
15. Conclusion
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