1. What is the projected Compound Annual Growth Rate (CAGR) of the Automotive Chassis Market?
The projected CAGR is approximately 12.17%.
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Automotive Chassis MarketAutomotive Chassis Market by Vehicle Type (Passenger Cars, Commercial Vehicles, Electric Vehicles), by Chassis Type (Non-Conventional, Conventional, Modular), by North America (U.S., Canada, Mexico), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Rest of APAC) Forecast 2026-2034
Key Insights
The Automotive Chassis Market size was valued at USD 136.65 USD Billion in 2023 and is projected to reach USD 305.31 USD Billion by 2032, exhibiting a CAGR of 12.17 % during the forecast period. Automotive chassis is a term refers to load-bearing parts of a car frame. It is a horizontal section of the vehicle that is connected to other components of the structure. There are several types of automotive chassis, such as the ladder frame, monocoque chassis, backbone chassis, tubular space frame, and aluminum space frame. even weight distribution, contributing to balanced handling and stability. They are used in various applications, including anti-theft steering columns, bearing mounts, collapsible steering columns, gear mounts, pinion gears, pulley mounts, sensor mounts, steering height adjustments, and others. These chassis types offer enhanced rigidity, further bolstering stability on the road. The design allows for easier access to vehicle components, simplifying maintenance tasks. The global shift towards electric mobility presents new opportunities in the in the chassis market. EVs require unique chassis designs to accommodate battery packs, electric drivetrains, and regenerative braking systems. Additionally, the demand for lightweight and aerodynamic chassis designs in EVs to maximize range further drives innovation in the chassis market.
Vehicle Type:
Chassis Type:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 12.17% from 2020-2034 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 12.17%.
Key companies in the market include Schaeffler Technologies AG (Germany), Hyundai Motor Company (South Korea), Aisin Seiki (Japan), Magna International Inc. (Canada), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Tower International (U.S.), Benteler International AG (Germany), CIE Automotive (Spain), REE Automotive, Ltd. (Israel).
The market segments include Vehicle Type, Chassis Type.
The market size is estimated to be USD 136.65 USD Billion as of 2022.
Increasing Demand for Forged Products in Power. Agriculture. Aerospace. and Defense to Drive Industry Expansion.
Rising Adoption of Automation in Manufacturing to Drive Market Growth.
Fluctuating Price of Raw Materials to Hamper the Growth of the Market.
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