Automotive Chassis Market - Forecast(2024 - 2030)
Automotive Chassis Market Overview:
Automotive Chassis Market size is estimated to reach $115.4 billion by 2030, growing at a CAGR of 5.5% during the forecast period 2024-2030. The market for automotive chassis is primarily driven by increasing environmental concerns. Automakers are introducing hybrid powertrains across various vehicle segments to improve fuel efficiency, reduce emissions, and meet regulatory requirements.
Increased demand for electric vehicles (EVs) in the US automotive industry is partly driven by government incentives and subsidies to promote clean energy adoption. Federal tax credits, state rebates, and other incentives encourage consumers to purchase EVs, reducing the overall cost of ownership and making electric vehicles more appealing in the market. Growing environmental awareness and concerns about climate change prompt consumers to seek alternative transportation solutions with lower carbon footprints. EVs are perceived as environmentally friendly options due to their zero tailpipe emissions, contributing to air quality improvement and reducing greenhouse gas emissions, thus driving demand for electric vehicles in the US automotive industry. Technological advancements in battery technology, such as increased energy density, faster charging capabilities, and declining costs, enhance the performance and viability of electric vehicles. Improvements in battery technology address key concerns regarding range anxiety and charging infrastructure, making EVs more practical and appealing to consumers, thus stimulating demand in the US automotive chassis market.
Market Snapshot:?
Automotive Chassis Market - Report Coverage:
The “Automotive Chassis Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Automotive Chassis Market
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Drive Type
●? ? ? Internal Combustion Engine?
○ ? ? ? Diesel ? ? ?
○ ? ? ? Gasoline?
●? ? ? Electric Vehicle
○ ? ? ? PHEV ? ?
○ ? ? ? HEV ? ?
○ ? ? ? Pure Electric
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By Vehicle Type
●? ? ? Passenger Cars
○ ? ? ? Small Car
○ ? ? ? Sedan ?
○ ? ? ? SUV ?
○ ? ? ? Others
●? ? ? Heavy Commercial Vehicle
●? ? ? Light Commercial Vehicle
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By Frame Material
●? ? ? Steel?
○ ? ? ? Advanced high-strength steel
○ ? ? ? High Carbon Steel?
○ ? ? ? Others?
●? ? ? Aluminum Alloy?
●? ? ? Carbon Fiber Composites
●? ? ? Others
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By Level of Autonomy
●? ? ? Level 0?
●? ? ? Level 1
●? ? ? Level 2
●? ? ? Level 3??
●? ? ? Level 4
●? ? ? Level 5
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By Chassis Subsystem
领英推荐
●? ? ? Frame
○ ? ? ? Monocoque
○ ? ? ? Ladder
○ ? ? ? Chassis Rail
○ ? ? ? Others
●? ? ? Steering
○ ? ? ? Fly-by-Wire System
○ ? ? ? Redundant Steering System
○ ? ? ? Others
●? ? ? Braking
○ ? ? ? Redundant Braking System?
○ ? ? ? Brake-by-Wire System?
○ ? ? ? Automatic Emergency Braking (AEB) System
○ ? ? ? Others
●? ? ? Suspension
●? ? ? Tires
●? ? ? Others
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By Geography
● ? ? ? North America
● ? ? ? Europe
● ? ? ? South America
● ? ? ? APAC
● ? ? ? RoW
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COVID-19 / Ukraine Crisis - Impact Analysis: ?
Key Takeaways:
Internal Combustion Engine Type is Leading the Market
Internal combustion engine type accounted for the largest share in 2022 and is estimated to reach $25,110 million by 2030. The Internal Combustion Engine segment in the U.S. Automotive Chassis Market is propelled by burning fuel within an engine to generate power. These vehicles can be powered by either diesel or gasoline fuel types. Continued demand for internal combustion engine vehicles in various segments of the automotive market, particularly in light trucks, SUVs, and commercial vehicles.
Passenger Cars Type to Register Highest Growth
Passenger cars segment is analyzed to grow with the highest CAGR 5.6% in the U.S. Automotive Chassis Market during the forecast period 2024-2030. The increasing awareness and emphasis on safety features in passenger cars have become a significant driver for the automotive chassis market as consumers are seeking vehicles equipped with advanced chassis systems that enhance overall safety, including features such as electronic stability control (ESC), anti-lock braking systems (ABS), and advanced driver assistance systems (ADAS).
Growing Demand for Electric Vehicles (EVs) Is Driving the Market Growth.
Increased demand for electric vehicles (EVs) in the US automotive industry is partly driven by government incentives and subsidies to promote clean energy adoption. Federal tax credits, state rebates, and other incentives encourage consumers to purchase EVs, reducing the overall cost of ownership and making electric vehicles more appealing in the market. Growing environmental awareness and concerns about climate change prompt consumers to seek alternative transportation solutions with lower carbon footprints. EVs are perceived as environmentally friendly options due to their zero tailpipe emissions, contributing to air quality improvement and reducing greenhouse gas emissions, thus driving demand for electric vehicles in the US automotive industry.
High R&D Costs and Technology Adoption as a Major Challenge
The automotive industry faces the challenge of high R&D costs associated with the development of advanced technologies and innovative solutions. Automakers invest significant resources in R&D activities to stay competitive and meet evolving consumer demands, driving up overall production costs and posing financial challenges for industry players. Rapid technological advancements in areas such as electrification, autonomous driving, and connectivity increase the complexity of integrating new technologies into vehicles. Adopting and implementing cutting-edge technologies require substantial investments in research, testing, and validation processes to ensure functionality, reliability, and compliance with safety standards.
Key Market Players:?
Product launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Automotive Chassis Market. The top 10 companies in this industry are listed below:
Scope of the Report:?
? ? ? ? ?Report Metric? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ??Details
Base Year Considered
2023
Forecast Period
2024–2030
CAGR
5.5%
Market Size in 2030
$ 115.4 billion
Segments Covered
Drive Type, Vehicle Type, Frame Material, Level of Autonomy, Chassis Subsystem and Region
Geographies Covered
North America, South America, Europe, APAC, RoW
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Key Market Players
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