Automotive Chassis Market Size & Share, by Product Type (Frame Chassis, Backbone Chassis, Monocoque Chassis, Subframes); Material (Steel, Aluminum Alloy, Carbon Fiber Composite); Vehicle Type (Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Buses) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4479
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Automotive Chassis Market size is projected to cross USD 110 billion by the end of 2033, growing at a CAGR of 6% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of automotive chassis was over USD 64 billion. The growth of the market can primarily be attributed to the growing development of automotive chassis along with rising production of vehicles worldwide. It was found that, globally, nearly 80 million motor vehicles were produced in 2021.

Automotive chassis is considered to be one of the key structures of an automobile. Chassis is the frame which holds both the power train and the car body. Most mechanical parts such as the engine and the drive train, the suspension parts, the brakes, the steering components, the axle assemblies including the wheels are bolted onto the chassis. The innovations and developments in the automobile sector demand for the chassis that provides strength needed for supporting the different vehicular components as well as the payload and helps to keep the automobile rigid and stiff. With the recent advancements in chassis framework as well as rising penetration of cars, the demand for automotive chassis is on the rise amongst the automobile users, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive chassis market during the forecast period. For instance, by the end of the first quarter of 2022, there were more than 1.4 billion cars on the world's roads.

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Automotive Chassis Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Dependencies on Heavy Commercial Vehicles – chassis being the structural skeleton for every vehicle including truck. Chassis is the platform on which the truck is laid on as it contains the axles, fuel tank engine, cab, and batteries. The rising dependency on trucks is expected to boost the automotive chassis market in the projected period. For instance, ~70% of all freight transported United States depends on trucks for deliveries.
  • Rising Number of Buses - for instance, there were almost 167,200 units of bus in the world in 2021.
  • Upsurge in the Demand for Sports Cars – which accounted for about 1.5% of the total United States car sales in 2021.
  • Increasing Number of Trailers – it was found that, in 2021, there were more than 2.5 million tractor trailers in United States alone.


  • High Cost of Manufacturing
  • Fluctuating Cost of Raw Materials
  • Increasing Trend of Shared Mobility

Automotive Chassis Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 64 Billion

Forecast Year Market Size (2033)

~ USD 110 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Automotive Chassis Segmentation

Product Type (Frame Chassis, Backbone Chassis, Monocoque Chassis, Subframes)

The global automotive chassis market is segmented and analyzed for demand and supply by product type into frame chassis, backbone chassis, monocoque chassis, and subframes. Amongst these segments, the monocoque chassis segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing demand passenger cars along with the surge in the production of cars worldwide. For instance, China produced ~20 million cars passenger cars in 2020.

Our in-depth analysis of the global market includes the following segments:

     By Product Type

  • Frame Chassis
  • Backbone Chassis
  • Monocoque Chassis
  • Subframes

     By Material

  • Steel
  • Aluminum Alloy
  • Carbon Fiber Composite

      By Vehicle Type

  • Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Buses

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Automotive Chassis Industry - Regional Synopsis

Regionally, the global automotive chassis market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033, backed by the presence of a strong automobile network in the region, growing export of automobiles, as well as the rising production of vehicles. For instance, China accounted for ~32% of the global vehicle production in 2021.

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Companies Dominating the Automotive Chassis Landscape

    • Stellantis N.V.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Schaeffler Group
    • Benteler International AG
    • Aisin Corporation
    • Continental AG
    • Hyundai Mobis Co., Ltd.
    • Gestamp Servicios, S.A.
    • Magna International Inc.
    • Autokiniton
    • ZF Friedrichshafen AG

In the News

  • Gestamp Servicios, S.A., - announced partnership with ArcelorMittal to put low-carbon emissions steel parts on the automotive production line.

  • Schaeffler Group - presented product innovations for the future of mobility with innovative solutions from Schaeffler’s electromobility, chassis systems, and hydrogen technology operations.

Author Credits:  Harshita Srivastava, Saima Khursheed

  • Report ID: 4479
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing number of motor vehicles as well as rising number of cars along with surge in the demand for trucks & trailers are some of the major factors anticipated to drive the growth of the market.

The market is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2033.

The high cost involved in the manufacturing of chassis as well as fluctuating cost of raw material are some of the factors estimated to hamper the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Schaeffler Group, Stellantis N.V., Benteler International AG, Aisin Corporation, Continental AG, Hyundai Mobis Co., Ltd., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product type, material, vehicle type and by region.

The monocoque chassis segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Automotive Chassis Market Report Scope

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