Report Feature
The material technologies in automotive chassis have undergone significant change in recent years, with wooden frame mounted on wooden panels mounted to carbon fiber chassis. The rising wave of new material technologies, such as aluminum, and magnesium are creating significant potential for automotive chassis in various vehicle platforms to provide strength to the structural integrity of the vehicle.
In this market, various material technologies such as steel, aluminum alloy, carbon fiber composite are used in passenger cars, light commercial vehicles, heavy commercial vehicles, and electric vehicles. Advanced chassis design leads to weight reduction of vehicles, demand for vehicles with better mileage, and increase in sales of commercial vehicles are creating opportunities for various automotive chassis technologies.
Some of the latest technological developments by various countries in the automotive chassis market are as follows:
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global automotive chassis technology by material technology, application, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Trends and Forecasts by Material Technology [$M shipment analysis from 2018 to 2030]:
In this market, various material technologies such as steel, aluminum alloy, carbon fiber composite are used in passenger cars, light commercial vehicles, heavy commercial vehicles, and electric vehicles. Advanced chassis design leads to weight reduction of vehicles, demand for vehicles with better mileage, and increase in sales of commercial vehicles are creating opportunities for various automotive chassis technologies.
Some of the latest technological developments by various countries in the automotive chassis market are as follows:
- Germany: Bosch announced collaboration with Mercedes-Benz to develop a lightweight chassis design using a combination of high-strength steel and aluminum for electric vehicles. This aims to improve both range and handling. The German government has set a target for 7 million electric vehicles on the road by 2030. This is driving demand for lightweight and efficient chassis technologies.
- China: BYD (Build Your Dreams) announced a new production line dedicated to high-strength steel chassis for its electric vehicles. This signifies a focus on domestic production and cost reduction. China's Ministry of Industry and Information Technology has implemented stricter fuel efficiency standards, pushing automakers towards lightweight materials like aluminum for chassis construction.
- United States: Ford has set a target of 40% of its global vehicle volume to be electric by 2030. This will require significant investment in lightweight chassis technologies for EVs. There's a growing interest in carbon fiber composite chassis for high-performance electric vehicles due to its strength-to-weight ratio. Companies like Tesla are exploring partnerships with carbon fiber suppliers.
- Japan: Toyota announced a joint research project with Nippon Steel to develop a new generation of high-strength steel specifically for electric vehicle chassis. This highlights the focus on material innovation for EVs. The Japanese government offers subsidies for research and development of electric vehicle technologies, including lightweight chassis materials.
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global automotive chassis technology by material technology, application, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Trends and Forecasts by Material Technology [$M shipment analysis from 2018 to 2030]:
- High Strength Steel
- Aluminum Alloy
- Mild Steel
- Carbon Fiber Composite
Trends and Forecasts by Application [$M shipment analysis from 2018 to 2030]:
-
Passenger Cars
- Steel
- Aluminum Alloy
- Carbon Fiber Composite
-
Light Commercial Vehicles
- Steel
- Aluminum Alloy
- Carbon Fiber Composite
-
Heavy Commercial Vehicles
- Steel
- Aluminum Alloy
- Carbon Fiber Composite
-
Electric Vehicles
- Steel
- Aluminum Alloy
- Carbon Fiber Composite
Trends and Forecasts by Region [$M shipment analysis for 2018 to 2030]:
-
North America
- United States
- Canada
- Mexico
-
Europe
- United Kingdom
- Germany
- France
-
Asia Pacific
- Japan
- China
- South Korea
- India
- The Rest of the World
Latest Developments and Innovations in the Automotive Chassis Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
Some of the automotive chassis companies profiled in this report include Continental, Zf, Magna, Schaeffler, Aisin Seiki, Cie Automotive, Tower International, Hyundai Mobis, F-Tech, Klt-Auto, AL-Ko, and Benteler.
Below are the latest technological developments from top companies in the automotive chassis market:
- SSAB announced a partnership with Hyundai Steel to develop and supply advanced high-strength steel (AHSS) for Hyundai's next-generation electric vehicles. This collaboration aims to reduce vehicle weight and improve driving range.
- Nippon Steel launched its new "Doberneo" series of AHSS. Doberneo boasts superior formability and weldability, making it ideal for complex chassis components in lightweight vehicles.
- Hydro signed a multi-year agreement with BMW to supply recycled aluminum for their car chassis. This deal highlights the increasing focus on sustainability in the automotive industry and the potential of recycled aluminum in chassis production.
- Tata Steel announced a strategic partnership with Volkswagen to develop cost-effective, high-strength mild steel solutions for emerging market vehicles. This collaboration focuses on optimizing chassis design for affordability while maintaining safety standards.
- BASF launched its new SEAMLESS carbon fiber composite material specifically designed for automotive chassis applications. SEAMLESS offers high strength-to-weight ratio and improved recyclability compared to traditional carbon fiber options.
- Toray Industries partnered with Toyota to develop and implement carbon fiber composite components in the chassis of select Toyota sports car models. This collaboration focuses on achieving significant weight reduction for enhanced performance.
Q.1 What are some of the most promising and high-growth technology opportunities for the automotive chassis market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in automotive chassis market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in automotive chassis market?
Q.6 What are the latest developments in automotive chassis technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this automotive chassis market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this automotive chassis technology space?
Table of Contents
2. Technology Landscape 2.1. Technology Background and Evolution 2.2. Technology and Application Mapping 2.3. Supply Chain
3. Technology Readiness 3.1. Technology Commercialization and Readiness 3.2. Drivers and Challenges in Automotive Chassis Technologies 3.3. Competitive Intensity 3.4. Regulatory Compliance
4. Technology Trends and Forecasts Analysis from 2018-2030 4.1. Automotive Chassis Opportunity 4.2. Technology Trends (2018-2023) and Forecasts (2024-2030)
5. Technology Opportunities (2018-2030) by Region 5.1. Automotive Chassis Market by Region 5.2. North American Automotive Chassis Technology Market
6. Latest Developments and Innovations in the Automotive Chassis Technologies 7. Companies / Ecosystem 7.1. Product Portfolio Analysis 7.2. Market Share Analysis 7.3. Geographical Reach
8. Strategic Implications 8.1. Implications 8.2. Growth Opportunity Analysis
9. Company Profiles of Leading Players 9.1. Continental 9.2. Magna 9.3. Schaeffler 9.4. Aisin Seiki 9.5. Tower International 9.6. Hyundai Mobis 9.7. F-Tech 9.8. Klt-Auto 9.9. AL-Ko 9.10. Benteler
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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