Global Automobile Chassis Market Size Was Worth USD 48.37 Billion in 2016 and Is Projected to Grow to USD 78.44 Billion by 2025

October 12, 2021, New York, USA -

Automobile Chassis: Introduction

Automotive Chassis is the main skeleton structure of the car on which the automobile's engines and other parts are mounted through which all the bodywork of the car is made. It is made out of Aluminium, Steel, Cast Iron, Ferrous, and Magnesium alloy, which falls under the metal category.

The focus has shifted toward non-metal materials making high-strength and lightweight Chassis using Carbon Fiber and condense powder because these materials lower manufacturing costs and provide a high yield of strength. The process of die casting and molding is employed to create precise components that are utilized to secure the Chassis to the body of the vehicle. Gas Metal Arc Welding and Metal Inert Gas Welding are the standard methods of joining the two sides of the Chassis. However, it is important to note the fact that Adhesive Bonding will be the new method being used to join the two ends of the Chassis, as it is cutting down the costs and delivering the durability and strength comparable to the other two joining processes.

Applications of Automobile Chassis:

Chassis are utilized to provide the base for Automobile components to be placed. It's similar to a skeleton of an automobile that holds the Automobile components. They are commonly utilized in Internal Combustion Vehicles, Hybrid Vehicles, and Electric Vehicles. They come in various shapes and sizes with various compositions of materials.

Space Frame is the most widely and extensively utilized Chassis within the auto industry. It provides a large area for automobile components. We typically see these types of Chassis on four-wheelers. The Ladder Frame and the Rail Frame are frames used for Chassis in heavy vehicles because of their durability and resistance to load.

The Global Automobile Chassis Market Overview: 

The market was reported at approximately USD 48.37 Billion in the year 2016. In terms of worth, the market has been predicted to expand at a rate of 5.59% between 2017 and 2025. The Market Size stood at USD 50.78 Billion in 2017, and It is anticipated to arrive at USD 78.44 Billion by 2025, registering an annual expansion rate of 5.59%.

Asia-Pacific was the region with the largest percentage of revenue in the global market for the automotive chassis system in 2017. Chassis is an internal frame that holds all the body parts of the car. It should be lightweight, aerodynamic, and robust. The characteristics of the Chassis improve the efficiency of the vehicle and enhance the overall quality of the vehicle. The chassis systems incorporate the functions of all vehicles that are part of various systems. Additional features are that are available in the chassis systems, such as fault detection that is automatic that alerts the driver to any issue within the system.

The primary factors driving the expansion in the automotive chassis market are an increase in the demand for vehicles that use less fuel, a surge in innovation and technological advances, and the increase in the production of automobiles.

In contrast, fluctuating costs of raw materials, as well as the decline in vehicle ownership as a result of the increasing share of mobility, are some factors that could hinder the expansion in the marketplace.

However, the increasing production of electric vehicles is expected to bring lucrative opportunities to the expansion of this market. Additionally, the advancement in ultralight chassis technology, which allows new firms to enter the market without significant R&D expenditure, is anticipated to open up opportunities for market growth.

Market Trend and Dynamics of the Global Automobile Chassis Market:

Demand for More Low-Emission and Fuel-Efficient Vehicles:

The release of harmful gases by exhausts and the quantity of fuel consumed by the vehicle are directly related to the weight of the vehicle. This is why the governments from UK, India, Germany, China, and others have implemented strict rules for the control of emissions. This will result in a higher demand for low-emission and efficient vehicles. Therefore, the production of vehicles equipped with lightweight chassis systems will decrease the weight of the vehicle and will result in lower emissions and fuel efficiency. So, many engineering and automotive companies are creating lighter and stronger Chassis. For example, Gordon Murray Design, an engineering company for automobiles, launched a new iStream chassis constructed of light aluminium frames, which is suitable for many automotive applications. The automotive chassis market is expanding due to the increasing need for low emissions and efficient vehicles.

Technology Advancements and Innovations Within Chassis System:

Leading car manufacturers are developing chassis systems that incorporate innovations and improvements due to the growing demand for high-end and enhanced performance vehicles. For example, AUDI AG, one of the most renowned automobile makers, has unveiled the new Audi A6, which is a vehicle with a naturally weighted electric steering and dynamic mode that allows automatic gear shifts and improves the driving experience in mountainous roads, leading to an increase in demand for this luxury vehicles. So, the latest innovations and technological advances in chassis systems will propel the development global automotive chassis market.

The Key Market Segmentation of the Global Automobile Chassis Market: 

Global Automobile Chassis Market can be divided into Chassis Types, Material, Vehicle Type, and Geographical landscapes, etc. 

Automobile Chassis Market Segmentation By Chassis Type:

Backbone Chassis

Ladder Chassis

Monocoque Chassis

Modular Chassis

Automobile Chassis Market Segmentation By Material:

High Strength Steel

Aluminum Alloy

Mild Steel

Carbon Fiber Composite

Automobile Chassis Market Segmentation By Vehicle Type:

Passenger Car

Light Commercial Vehicle

Heavy Commercial Vehicle

Automobile Chassis Market Segmentation By Geographical Landscape:

North America

Europe

Asia Pacific

South America

The Middle East and Africa

Major Key Players in the Global Automobile Chassis Market Are:

Robert Bosch GmbH

Tower International

Magna International Inc

American Axle and Manufacturing Inc

ZF Friedrichshafen

KLT Auto

Benteler International AG

Continental AG

Schaeffler

Aisin Seiki

Hyundai Mobis

CIE Automotive

The Global Automobile Chassis Market Report Highlights:

Variable prices for basic materials that are used for chassis components are predicted to slow the expansion in the global market.

Growing the production capacity of electric cars is anticipated to create lucrative opportunities for development in the automotive chassis market.