The global automotive chassis system market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2023-2030). The ongoing development in automotive chassis system to meet the increasing demand for fuel-efficient vehicles is a key factor driving the global market. For instance,
in April 2023, Magna International was contracted to build INEOS Automotive’s all-new electric SUV, with production scheduled tobegin in 2026 in Graz, Austria. Additionally, Magna will be responsible for the engineering of the entire vehicle. In the same month, ZF announced to invest USD 42.5 million through 2024 to expand its automotive chassis manufacturing capabilities inMexico. The new facility features high-capacity assembly lines for just-in-sequence manufacturing of front and rear axle mounts andcorner module mounts for electric passenger vehicles.
Further,in March 2023, Lamborghini has unveiled the carbon fiber chassis of its upcoming Aventador replacement, using more compositematerials than ever before. The new design is based on integrating as many components as possible, eliminating the need for jointsand welds. Forged composites offer a more efficient manufacturing process without the need for cooling-related energy consumption. In the same month, ZF unveiled a software for an “intelligently networked” chassis system that optimizes the vehicle’s longitudinal, lateral,and vertical dynamics. This solution controls all chassis systems and ensures harmonious acceleration, braking, precise steering, andbalanced damping.
Furthermore, in October 2022, Hyundai Mobis announced the delivery of chassis modules for four Mercedes-Benz E-SUVs. This made Hyundai the first supplier of chassis modules for a German luxury carmaker outside of Europe. Such developments are contributing to the global market growth.
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Market Coverage
- The market number available for – 2023-2030
- Base year- 2023
- Forecast period- 2024-2030
Segment Covered-
- By Chassis Type
- By Vehicle Type
- By Component
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Gestamp Automocin S.A., Schaeffler AG, Magna International Inc, Continental AG, and Aisin Seiki Co. Ltd. among others.
Automotive Chassis System Market Report Segment
By Chassis Type
- Backbone Chassis
- Ladder Chassis
- Monocoque Chassis
- Modular Chassis
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Component
- Tie-Rods
- Stabilizer Links
- Suspension Ball Joints
- Cross-Axis Joints
- Control Arms
- Knuckles & Hubs
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Automotive Chassis System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ALOIS KOBER GMBH
- American Axle & Manufacturing Inc.
- Autokiniton Global Group
- Benteler International AG
- CIE Automotive
- F-Tech, Inc.
- Gestamp Automocin S.A.
- Hitachi Automotive Systems Ltd.
- Hyundai Mobis Co., Ltd.
- KLT Group
- Magna International Inc.
- Robert Bosch GmbH
- Schaeffler Group
- Spartan Motors, Inc.
- Tower International, Inc.
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