Automotive Chassis Systems Market
PUBLISHED: 2025 ID: SMRC28598
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Automotive Chassis Systems Market

Automotive Chassis Systems Market Forecasts to 2030 - Global Analysis By Component (Control Arms, Ball Joints, Cross Members, Knuckles and Hubs, Subframes and Other Components), Chassis Type, Chassis System, Material Type, Vehicle Type, Sales Channel, Application and By Geography

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4.5 (24 reviews)
Published: 2025 ID: SMRC28598

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Automotive Chassis Systems Market is accounted for $97.88 billion in 2024 and is expected to reach $148.54 billion by 2030 growing at a CAGR of 7.2% during the forecast period. Automotive chassis systems play a crucial role in the overall performance, safety, and comfort of vehicles. These systems are intended to give the car structural support, guaranteeing stability and longevity while also making it easier to integrate crucial parts like the steering, braking, and suspension systems. As the vehicle's foundation, the chassis distributes loads and forces throughout the body to lessen the effect of road conditions on occupants. Moreover, modern chassis systems are getting lighter, stronger, and more efficient due to improvements in materials and design. As manufacturers strive to optimize these platforms for next-generation vehicles, major advancements in automotive chassis systems are also being driven by innovations in electric and autonomous vehicle technologies.

According to the International Energy Agency (IEA), the global electric car stock reached 10 million in 2020, a 43% increase over 2019. 

Market Dynamics: 

Driver: 

Demand for emissions reduction and fuel efficiency

The automotive industry's growing emphasis on sustainability and environmental responsibility further fuels this trend, with chassis systems becoming an essential part of efforts to meet global environmental standards and consumer expectations for green vehicles. Additionally, the push for better fuel efficiency and the reduction of CO2 emissions has motivated automakers to look for ways to reduce the weight of their vehicles. Lighter chassis systems made from advanced materials not only contribute to overall vehicle weight reduction but also improve fuel efficiency, which is crucial in an era of rising fuel prices and strict emissions standards.

Restraint:

Expensive production costs

Advanced automotive chassis systems are frequently produced using costly materials and intricate manufacturing techniques, which can raise the vehicle's total cost. Despite being better for performance and fuel economy, lightweight materials like carbon fiber, magnesium alloys, and high-strength steel can be much more expensive than conventional materials. Furthermore, integrating cutting-edge technologies like electronic stability control, active suspension systems, and sensors for autonomous driving complicates the production process and raises costs even more. Because of this, automakers may find it difficult to implement these cutting-edge chassis systems without drastically increasing the cost of their vehicles, particularly those that build entry-level or low-cost models.

Opportunity:

Use of lightweight substances

The use of lightweight materials in automotive chassis systems is being driven by the growing need for fuel efficiency and emission reduction. Manufacturers of chassis have the chance to experiment and improve how these materials are used, resulting in lighter and more energy-efficient cars without sacrificing performance. Moreover, long-term opportunities to create and manufacture lighter chassis solutions are presented by the increased focus on fuel economy and environmental sustainability, which is in line with international environmental standards and consumer demands for environmentally friendly automobiles.

Threat:

Global crises and unstable economies

Global crises like the COVID-19 pandemic, geopolitical unrest and economic instability can all seriously affect the market for automotive chassis systems. Furthermore, chassis manufacturers may be impacted by changes in fuel prices, inflation, or unforeseen geopolitical events that compromise vehicle production and sales. Global crises can result in significant supply chain disruptions, labor shortages, and production delays, as the COVID-19 pandemic showed. Securing materials and components can be difficult for manufacturers who rely significantly on international supply chains, which could cause production delays and higher expenses.

Covid-19 Impact: 

Due to the disruption of global supply chains and the suspension of production in the automotive industry, the COVID-19 pandemic had a major negative effect on the market for automotive chassis systems. Production of vehicles and chassis systems slowed as a result of the temporary closure of manufacturing facilities, especially in important areas like Europe, North America, and Asia. The pandemic also resulted in acute shortages of vital parts, such as semiconductors, which are necessary for contemporary automotive systems. This further delayed the production of chassis systems and vehicle assembly. Moreover, economic uncertainty and declining purchasing power also caused a steep drop in consumer demand, which in turn led to fewer vehicle sales and a subsequent decline in the need for chassis systems.

The Aluminum Alloy segment is expected to be the largest during the forecast period

The Aluminum Alloy segment is expected to account for the largest market share during the forecast period. The automotive industry favors aluminum alloys because of their exceptional strength-to-weight ratio, corrosion resistance, and lightweight nature, which makes them perfect for enhancing vehicle performance and fuel economy. Adoption of aluminum alloys in chassis systems has been greatly accelerated by the growing emphasis on reducing vehicle weight for improved fuel economy and lower emissions. Additionally, the market dominance of aluminum alloy is further reinforced by its versatility, recyclability, and the growing demand for electric vehicles (EVs), which depend on lightweight materials for maximum performance and range.

The Front Suspension segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the Front Suspension segment is predicted to witness the highest growth rate because it absorbs shocks from the road, the front suspension system is essential to maintaining a vehicle's handling, comfort, and stability. The need for sophisticated front suspension systems is rising as automakers concentrate on improving safety features and driving dynamics. Furthermore, the rising popularity of electric vehicles (EVs) and autonomous vehicles, which demand suspension systems that are optimized for improved performance and comfort, as well as innovations like adaptive suspension systems that adapt to driving conditions in real time, are major factors propelling growth in this market.

Region with largest share:

During the forecast period, the Asia-Pacific region is expected to hold the largest market share due to the presence of some of the biggest automakers in the world, such as Toyota, Honda, and Hyundai, the region is seeing an increase in demand for chassis systems as they continue to innovate and produce a wide variety of vehicles. Moreover, the market expansion in this region is accelerated by the quick expansion of electric vehicle manufacturing as well as the growing consumer demand for lightweight, fuel-efficient vehicles. It is anticipated that the region will continue to lead the global automotive chassis systems market for some time to come due to its substantial automotive production capacity, growing middle-class consumer base, and government programs encouraging automotive innovation.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR. The region’s rapid adoption of advanced automotive technologies, particularly electric and autonomous vehicles, is a significant driver of this growth. There is a growing need for innovative chassis systems, such as lightweight materials and sophisticated suspension systems, as North American automakers place a greater emphasis on enhancing vehicle performance, safety, and fuel efficiency. Additionally, manufacturers are being forced to create more reliable and efficient chassis systems due to tighter regulatory requirements meant to lower emissions and enhance safety.

Key players in the market

Some of the key players in Automotive Chassis Systems market include ZF Friedrichshafen AG, Continental AG, Magna International Inc., Aisin Seiki Co., Ltd., Robert Bosch GmbH, Hyundai Mobis Co., Ltd., Schaeffler AG, Benteler International AG, CIE Automotive S.A., American Axle & Manufacturing, Inc., Gestamp Automoción S.A., Thyssenkrupp AG, F-Tech Inc., Martinrea International Inc., KLT Automotive & Tubular Products Ltd. and ALF Engineering Pvt. Ltd.

Key Developments:

In October 2024, Hyundai Mobis Company signed a “Business Cooperation Agreement” with German optical electronic systems company Carl Zeiss AG, with the aim of launching mass production of next-generation holographic head-up displays (HUDs) in 2027.

In September 2024, Continental and Vitesco Technologies have reached an agreement based on their corporate separation agreement regarding the appropriate allocation of costs and liabilities from the investigations in connection with the supply of engine control units and engine control software.
 
In May 2024, ZF Friedrichshafen AG and Hon Hai Technology Group have completed the establishment of their joint venture in the field of passenger car chassis systems on April 30. The acquisition of a 50-percent stake in ZF Chassis Modules GmbH by Foxconn achieves a 50-50 partnership, which was agreed upon on July 24, 2023, and approved by regulators.

Components Covered:
• Control Arms
• Ball Joints
• Cross Members
• Knuckles and Hubs
• Subframes
• Other Components 
 
Chassis Types Covered:
• Ladder Frame Chassis
• Backbone Chassis
• Monocoque Chassis
• Tubular chassis 

Chassis Systems Covered:
• Rear Axle
• Front Axle
• Corner Modules
• Active Kinematics Control 

Material Types Covered:
• Aluminum Alloy
• Carbon Fiber Composite
• High-Speed Steel (HSS)
• Mild Steel (MS) 
 
Vehicle Types Covered:
• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs) 

Sales Channels Covered:
• Original Equipment Manufacturers (OEMs)
• Aftermarket

Applications Covered:
• Front Suspension
• Rear Suspension
• Engine Mounting

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
          
2 Preface         

 2.1 Abstract        
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology        
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions       
          
3 Market Trend Analysis         
 3.1 Introduction        
 3.2 Drivers        
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats        
 3.6 Application Analysis        
 3.7 Emerging Markets        
 3.8 Impact of Covid-19        
          
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry        
          
5 Global Automotive Chassis Systems Market, By Component         
 5.1 Introduction        
 5.2 Control Arms        
 5.3 Ball Joints        
 5.4 Cross Members        
 5.5 Knuckles and Hubs        
 5.6 Subframes        
 5.7 Other Components        
          
6 Global Automotive Chassis Systems Market, By Chassis Type         
 6.1 Introduction        
 6.2 Ladder Frame Chassis        
 6.3 Backbone Chassis        
 6.4 Monocoque Chassis        
 6.5 Tubular chassis        
          
7 Global Automotive Chassis Systems Market, By Chassis System         
 7.1 Introduction        
 7.2 Rear Axle        
 7.3 Front Axle        
 7.4 Corner Modules        
 7.5 Active Kinematics Control        
          
8 Global Automotive Chassis Systems Market, By Material Type         
 8.1 Introduction        
 8.2 Aluminum Alloy        
 8.3 Carbon Fiber Composite        
 8.4 High-Speed Steel (HSS)        
 8.5 Mild Steel (MS)        
          
9 Global Automotive Chassis Systems Market, By Vehicle Type         
 9.1 Introduction        
 9.2 Passenger Cars        
  9.2.1 Conventional Cars       
  9.2.2 Electric Vehicles       
   9.2.2.1 Battery Electric Vehicles (BEVs)      
   9.2.2.2 Plug-in Hybrid Electric Vehicles (PHEVs)      
   9.2.2.3 Hybrid Electric Vehicles (HEVs)      
 9.3 Light Commercial Vehicles (LCVs)        
 9.4 Heavy Commercial Vehicles (HCVs)        
          
10 Global Automotive Chassis Systems Market, By Sales Channel         
 10.1 Introduction        
 10.2 Original Equipment Manufacturers (OEMs)        
 10.3 Aftermarket        
          
11 Global Automotive Chassis Systems Market, By Application         
 11.1 Introduction        
 11.2 Front Suspension        
 11.3 Rear Suspension        
 11.4 Engine Mounting        
          
12 Global Automotive Chassis Systems Market, By Geography         
 12.1 Introduction        
 12.2 North America        
  12.2.1 US       
  12.2.2 Canada       
  12.2.3 Mexico       
 12.3 Europe        
  12.3.1 Germany       
  12.3.2 UK       
  12.3.3 Italy       
  12.3.4 France       
  12.3.5 Spain       
  12.3.6 Rest of Europe       
 12.4 Asia Pacific        
  12.4.1 Japan       
  12.4.2 China       
  12.4.3 India       
  12.4.4 Australia       
  12.4.5 New Zealand       
  12.4.6 South Korea       
  12.4.7 Rest of Asia Pacific       
 12.5 South America        
  12.5.1 Argentina       
  12.5.2 Brazil       
  12.5.3 Chile       
  12.5.4 Rest of South America       
 12.6 Middle East & Africa        
  12.6.1 Saudi Arabia       
  12.6.2 UAE       
  12.6.3 Qatar       
  12.6.4 South Africa       
  12.6.5 Rest of Middle East & Africa       
          
13 Key Developments         
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 13.2 Acquisitions & Mergers        
 13.3 New Product Launch        
 13.4 Expansions        
 13.5 Other Key Strategies        
          
14 Company Profiling         
 14.1 ZF Friedrichshafen AG        
 14.2 Continental AG        
 14.3 Magna International Inc.        
 14.4 Aisin Seiki Co., Ltd.        
 14.5 Robert Bosch GmbH        
 14.6 Hyundai Mobis Co., Ltd.        
 14.7 Schaeffler AG        
 14.8 Benteler International AG        
 14.9 CIE Automotive S.A.        
 14.10 American Axle & Manufacturing, Inc.        
 14.11 Gestamp Automoción S.A.        
 14.12 Thyssenkrupp AG        
 14.13 F-Tech Inc.        
 14.14 Martinrea International Inc.        
 14.15 KLT Automotive & Tubular Products Ltd.        
 14.16 ALF Engineering Pvt. Ltd.        
          
List of Tables          
1 Global Automotive Chassis Systems Market Outlook, By Region (2022-2030) ($MN)         
2 Global Automotive Chassis Systems Market Outlook, By Component (2022-2030) ($MN)         
3 Global Automotive Chassis Systems Market Outlook, By Control Arms (2022-2030) ($MN)         
4 Global Automotive Chassis Systems Market Outlook, By Ball Joints (2022-2030) ($MN)         
5 Global Automotive Chassis Systems Market Outlook, By Cross Members (2022-2030) ($MN)         
6 Global Automotive Chassis Systems Market Outlook, By Knuckles and Hubs (2022-2030) ($MN)         
7 Global Automotive Chassis Systems Market Outlook, By Subframes (2022-2030) ($MN)         
8 Global Automotive Chassis Systems Market Outlook, By Other Components (2022-2030) ($MN)         
9 Global Automotive Chassis Systems Market Outlook, By Chassis Type (2022-2030) ($MN)         
10 Global Automotive Chassis Systems Market Outlook, By Ladder Frame Chassis (2022-2030) ($MN)         
11 Global Automotive Chassis Systems Market Outlook, By Backbone Chassis (2022-2030) ($MN)         
12 Global Automotive Chassis Systems Market Outlook, By Monocoque Chassis (2022-2030) ($MN)         
13 Global Automotive Chassis Systems Market Outlook, By Tubular chassis (2022-2030) ($MN)         
14 Global Automotive Chassis Systems Market Outlook, By Chassis System (2022-2030) ($MN)         
15 Global Automotive Chassis Systems Market Outlook, By Rear Axle (2022-2030) ($MN)         
16 Global Automotive Chassis Systems Market Outlook, By Front Axle (2022-2030) ($MN)         
17 Global Automotive Chassis Systems Market Outlook, By Corner Modules (2022-2030) ($MN)         
18 Global Automotive Chassis Systems Market Outlook, By Active Kinematics Control (2022-2030) ($MN)         
19 Global Automotive Chassis Systems Market Outlook, By Material Type (2022-2030) ($MN)         
20 Global Automotive Chassis Systems Market Outlook, By Aluminum Alloy (2022-2030) ($MN)         
21 Global Automotive Chassis Systems Market Outlook, By Carbon Fiber Composite (2022-2030) ($MN)         
22 Global Automotive Chassis Systems Market Outlook, By High-Speed Steel (HSS) (2022-2030) ($MN)         
23 Global Automotive Chassis Systems Market Outlook, By Mild Steel (MS) (2022-2030) ($MN)         
24 Global Automotive Chassis Systems Market Outlook, By Vehicle Type (2022-2030) ($MN)         
25 Global Automotive Chassis Systems Market Outlook, By Passenger Cars (2022-2030) ($MN)         
26 Global Automotive Chassis Systems Market Outlook, By Conventional Cars (2022-2030) ($MN)         
27 Global Automotive Chassis Systems Market Outlook, By Electric Vehicles (2022-2030) ($MN)         
28 Global Automotive Chassis Systems Market Outlook, By Battery Electric Vehicles (BEVs) (2022-2030) ($MN)         
29 Global Automotive Chassis Systems Market Outlook, By Plug-in Hybrid Electric Vehicles (PHEVs) (2022-2030) ($MN)         
30 Global Automotive Chassis Systems Market Outlook, By Hybrid Electric Vehicles (HEVs) (2022-2030) ($MN)         
31 Global Automotive Chassis Systems Market Outlook, By Light Commercial Vehicles (LCVs) (2022-2030) ($MN)         
32 Global Automotive Chassis Systems Market Outlook, By Heavy Commercial Vehicles (HCVs) (2022-2030) ($MN)         
33 Global Automotive Chassis Systems Market Outlook, By Sales Channel (2022-2030) ($MN)         
34 Global Automotive Chassis Systems Market Outlook, By Original Equipment Manufacturers (OEMs) (2022-2030) ($MN)         
35 Global Automotive Chassis Systems Market Outlook, By Aftermarket (2022-2030) ($MN)         
36 Global Automotive Chassis Systems Market Outlook, By Application (2022-2030) ($MN)         
37 Global Automotive Chassis Systems Market Outlook, By Front Suspension (2022-2030) ($MN)         
38 Global Automotive Chassis Systems Market Outlook, By Rear Suspension (2022-2030) ($MN)         
39 Global Automotive Chassis Systems Market Outlook, By Engine Mounting (2022-2030) ($MN)         
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.         

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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