Share
Automotive Subframe Market: By Product (Steel Subframe, Aluminum Alloy Subframe), By Application (Front Subframe, Rear Subframe), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Automotive Subframe Market to surpass USD 4.1 billion by 2032 from USD 2.67 billion in 2021 at a CAGR of 3.9% throughout the forecast period 2022-32
Automotive Subframe is a portion in the vehicle’s chassis. This subframe portion is a separate structure within a significantly larger body-on-frame or monocoque shell where the drivetrain, engine, suspension, and steering components are accommodated. A subframe has three basic forms, all of which have different functions. These are mainly the simple axle type, the perimeter frame which supports the engine, and the perimeter frame which supports the engine, full suspension and transmission.The automotive subframe is typically build from welded steel tubing or thick pressed steel panels. The fitting of the subframe depends on the vehicle type, but it is usually welded or bolted. A bolted subframe is fitted with rubber bushings or springs to dampen the vibrations produced while on the road. It can also be hydroformed.
The Automotive Subframe Market is valued at 2.67 billion USD in 2021 and it is forecasted to each a value of 4.1 billion USD by 2032.The Automotive Subframe Market is expected to witness a CAGR of 3.9% during the forecast period. The demand for fuel-efficient, high-performance vehicles and, growing sales of light commercial vehicles and electric vehicles, low weight chassis systems coupled with low carbon emissions are some of the important factors that will lead to the growth of the Automotive Subframe market during the forecasted period.
Automotive Subframe Market: SegmentsAutomotive Subframe Market is classified based on the product into Steel Subframe, Aluminum Alloy Subframe. Steel Subframe accounted for the largest market share and is even anticipated to grow during the forecast period. The automotive steel subframe industry faces numerous challenges including carbon dioxide (CO2) emissions. Weight reduction in vehicles can help to achieve improved fuel efficiency, creating less impact on the environment. Materials such as metal composites and hot forming steel have immense potential to cut the weights in vehicles and have good tensile strength.
Automotive Subframe Market is classified based on the application into Front Subframe, Rear Subframe. Front Subframe accounted for the largest market share and is even anticipated to grow during the forecast period. Its light weight is also a strong driver for the application of aluminum in the front subframe. An excellent example is the BMW double-joint spring-strut front axle which is constructed of aluminum. The use of aluminum leads to a weight reduction of 30% compared to a similar axle made of steel, minimizing the unsprang mass of the vehicle. The application of aluminum delivers immediate results in the responsiveness of the suspension and steering systems.
Market DynamicsThe demand for fuel-efficient and high-performance vehicles is growing among the masses. This is further putting emphasis on lessen the weight of the vehicle, thereby increasing its overall performance. This trend has compelled manufacturers to design new vehicles and chassis or subframes that will result in lightweight and fuel-efficient vehicles. Moreover, the other rising concern is the emission of harmful gases from the vehicle. Hence, in order to monitor pollution, manufacturers should design fuel efficient low-emission vehicles, which raises the need to design less-weight chassis.
The automobile manufacturers are producing chassis systems with innovations and advancements owing to increasing demand for greater performance and premium vehicles. The rising technological advancements and innovations in vehicles are increasing demand for advanced chassis systems or subframes. For instance, AUDI AG manufactured a new car called Audi A6, which has a electric-assist steering and light-weight chassis. Such features can improve the driving experience, which in turn, increase the demand for luxurious vehicles.
Automotive subframe is a major structural part that is supposed to last the life of the vehicle. However, there are instances where the subframe can become damaged or rusted to the point where it can no longer serve its purpose. The global automotive subframes market can be restricted by the cost of automotive subframes systems due to the cost to replace a subframe is quite high. The suppliers in the automotive materials market are under sheer pressure to maintain the costs, along with delivering superior-quality materials to meet the strict quality control and tests defined by the OEMs, and Tier-1 suppliers.
Company Overview, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Business Strategy, Regional Presence, Recent Development, SWOT Analysis
Based on regional analysis, the Automotive Subframe Market is segmented into Europe, Asia Pacific, North America, Latin America, Middle East and Africa. Asia Pacific accounted for the highest market share and is anticipated to grow during the forecast period. An increase in the population produces increased demand for effective mobility and effective mobility is clearly what the Asia Pacific region contributes. The region has its reputation for being the home to some of the world’s most admired vehicle manufacturers. The automotive industry, which includes the manufacturing of motor vehicles along with the appropriate design, generates huge numbers of sales for the region with high levels of production and creating opportunities for the automotive subframe market.
Impact of Covid-19 on Automotive Subframe MarketGlobal Automotive Subframe Market is affected by COVID-19 pandemic hugely. It proved to be the worst nightmare for the automotive sector. As a result, the market for automotive subframe also witnessed the similar impact on the demand. This was resulted to due to partial and complete shutdown of the production facilities, limited movement of goods, ban on export and import activities, and closure of showrooms, among others. Moreover, due to increased rate of unemployment or loss of jobs people have postponed the buying of new car indefinitely, which is likely to leave a long-term impact on the sales of automobile industry.
REPORT ATTRIBUTE |
DETAILS |
|
Market size value in 2021 |
USD 2.67 billion |
|
Revenue forecast in 2032 |
USD 4.1 billion |
|
Growth Rate |
CAGR of 3.9% from 2022 to 2032 |
|
Base year for estimation |
2021 |
|
Quantitative units |
Revenue in USD million and CAGR from 2022 to 2032 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Product, Application, and Region |
|
Regional scope |
North America, Latin America, Europe, Asia Pacific, Middle East & Africa (MEA) |
|
Key companies profiled |
Yorozu, Magna, Benteler Group, Toyoda Iron Works, Gestamp Automocion, Ryobi Limited, Y-tec, F-tech and Other Prominent Players |
Automotive Subframe Market size was estimated at 2.67 billion USD in 2021 and it is forecasted to each a value of 4.1 billion USD by 2032
The Automotive Subframe is a portion in the vehicle’s chassis. This subframe portion is a separate structure within a significantly larger body-on-frame or monocoque shell where the drivetrain, engine, suspension, and steering components are accommodated.
Steel Subframe and Front Subframe segments accounted for the largest Automotive Subframe Market share.
Key players: Yorozu, Magna, Benteler Group, Toyoda Iron Works, Gestamp Automocion, Ryobi Limited, Y-tec, F-tech and Other Prominent Players are the key players in the Automotive Subframe Market.
Lightweight and Fuel-efficient vehicles and Innovations and Advancements are the factors driving the Automotive Subframe Market.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
