Automotive Chassis Market Size

Automotive Chassis Market size was valued at USD 72.35 billion in 2024 and is likely to cross USD 158.15 billion by 2037, registering more than 6.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive chassis is assessed at USD 75.94 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.