PUBLISHER: Verified Market Research | PRODUCT CODE: 1845963
PUBLISHER: Verified Market Research | PRODUCT CODE: 1845963
Automotive Subframe Market Size By Product (Steel Subframe, Aluminum Alloy Subframe), By Application (Front Subframe, Rear Subframe), By Geographic Scope And Forecast
Automotive Subframe Market Size And Forecast
Automotive Subframe Market size was valued at USD 3.06 Billion in 2024 and is projected to reach USD 4.63 Billion by 2031, growing at a CAGR of 5.87% from 2024 to 2031.
The demand for high-performance and fuel-efficient vehicles, growing sales of light commercial vehicles and electric vehicles, Low weight chassis systems coupled with low emissions are some of the factors that will lead to the growth of the market during the forecasted period. The market forecast report provides a holistic evaluation of the market. The report offers a comprehensive analysis of the size of the market, key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Automotive Subframe?
The subframe is a component in the vehicle's chassis. This subframe component is a separate structure within a significantly larger monocoque or body-on-frame shell where the engine, drivetrain, suspension, and steering components are housed. A subframe has three basic forms, all of which have varying functions. These are mainly the simple axle type, the perimeter frame which supports the engine, and the perimeter frame which supports the engine, transmission, and full suspension.
An automotive subframe and cross member have similar functions, but they are not interchangeable. Structurally, a subframe can include a cross member. The automotive subframe is typically constructed from welded steel tubing or thick pressed steel panels. The attachment of the subframe depends on the vehicle type, but it is usually bolted or welded. A bolted subframe is fitted with springs or rubber bushings to dampen the vibrations produced while on the road. It can also be hydroformed.
Primarily, the subframe works by supporting integral components within the vehicle's chassis. The main purpose of it includes isolating vibrations and harshness from the rest of the body, as well as spreading high chassis loads over the vast expanse of relatively thin sheet metal of a monocoque body shell. Moreover, along with the subframe, the force produced by the engine and transmission is significantly reduced. This automotive subframe is vital as it makes building the engine, transmission, and steering assemblies possible in one location. It also allows the installation of these finished pieces into a different place in the vehicle. There are mainly two types of products includes rear and front subframes.
Rear subframes serve the purpose of carrying the rear suspension and occasionally drivetrain components for rear-wheel or all-wheel drive vehicles. The separate rear and front subframes help to reduce their overall weight and subsequent cost. On the other side, when damaged, the subframe can result in unusual vibrations and harshness as we drive. If left unattended, these issues could result in long-term problems that could impair the car's drivability.
Global Automotive Subframe Market Overview
The demand for high-performance and fuel-efficient vehicles is growing among the masses. This is further putting emphasis on reducing the weight of the vehicle, thereby enhancing its performance. This trend has compelled manufacturers to design new vehicles and subframes or chassis that will result in lightweight and fuel-efficient vehicles. Moreover, the other rising concern is the emission of harmful gases from the exhaust of the vehicle. Hence, in order to monitor emission control, manufacturers should design low-emission vehicles, which raises the need to design low-weight chassis. The automobile manufacturers are producing chassis systems with innovations and advancements owing to increasing demand for premium and improved performance vehicles. The rising technological advancements and innovations in vehicles are fueling demand for advanced subframes or chassis systems. For instance, AUDI AG manufactured a new car called Audi A6, which has a light-weight chassis and electric-assist steering. Such features can improve the driving experience, which in turn, augments the demand for luxurious vehicles.
The automotive subframe is a major structural component 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 do its job. The global automotive subframes market can be restricted by the cost of automotive subframes systems due to the cost to replace a subframe can be quite high. The suppliers in the automotive materials market are under high pressure to maintain the costs, along with delivering high-quality materials to meet the stringent quality control and tests defined by the OEMs, and Tier-1 suppliers. The growing sales of light commercial vehicles and electric vehicles increase the production of electric vehicles which in turn drives the growth of the automotive subframe market. The adoption of electric vehicles in developed countries has increased owing to the greenhouse emission regulations by the government and the increasing price of fuel. For instance, according to Statistics Netherlands (CBS), in 2017, there were around 22,000 electric vehicles in the Netherlands, which is around a 60% increase from the previous year.
Global Automotive Subframe Market Segmentation Analysis
The Global Automotive Subframe Market is segmented on the basis of Product, Application, and geography.
Automotive Subframe Market, By Product
Steel Subframe
Aluminum Alloy Subframe
Based on Product, the market is bifurcated into Steel Subframe, Aluminum Alloy Subframe. Steel Subframe accounted for the largest market share and is projected to grow at a CAGR of 4.46% during the forecast period. The automotive steel industry faces numerous challenges including carbon dioxide (CO2) emissions. Weight reduction in different 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.
Automotive Subframe Market, By Application
Front Subframe
Rear Subframe
On the basis of Application, the Global Automotive Subframe Market has been segmented into Front Subframe, Rear Subframe. Front Subframe accounted for the largest market share and is projected to grow at the highest CAGR of 5.78% during the forecast period. Lightweighting is also a strong driver for the application of aluminium in the front subframe. An excellent example is the BMW double-joint spring-strut front axle which is constructed of aluminium. The use of aluminium leads to a weight reduction of 30% compared to a similar axle made of steel, minimizing the unsprung mass of the vehicle. The application of aluminium delivers immediate results in the responsiveness of the suspension and steering systems.
Automotive Subframe Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
On the basis of regional analysis, the Global Automotive Subframe Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific accounted for the largest market share and is projected to grow at a CAGR of 5.11% during the forecast period. An increase in the population produces increased demand for effective mobility and effective mobility is specifically what the Asia Pacific region contributes. The region has its reputation for being the home to some of the world's most esteemed vehicle manufacturers. The automotive industry, which includes the manufacturing of motor vehicles along with the appropriate parts, generates huge numbers of sales for the region with high levels of production and creating opportunities for the automotive subframe market.
Key Players
- The major key players in the Automotive Subframe Market are F-tech, Yorozu, Magna, Benteler Group, Toyoda Iron Works, Gestamp Automocion, Ryobi Limited, and Y-tec.
- These Major Players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Key Developments
- Partnership and Agreement
- South Korea-based LG Electronics Inc and automotive supplier Magna International Inc are launching a joint venture that will make key components for electric cars
- New Launches
- Canadian auto parts company Magna International Inc. is planning to expand its global manufacturing capacity to North America as it focuses on electric vehicle production.
- F-Tech Inc. has planned to increase business with GM and Toyota to deliver suspension parts.
- F-Tech Inc. announced that it won a new order to deliver suspension parts to Toyota vehicles built in the USA, Japan, and Asia.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 MARKET DEFINITION
- 1.2 MARKET SEGMENTATION
- 1.3 RESEARCH TIMELINES
- 1.4 ASSUMPTIONS
- 1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
- 2.1 DATA MINING
- 2.2 SECONDARY RESEARCH
- 2.3 PRIMARY RESEARCH
- 2.4 SUBJECT MATTER EXPERT ADVICE
- 2.5 QUALITY CHECK
- 2.6 FINAL REVIEW
- 2.7 DATA TRIANGULATION
- 2.8 BOTTOM-UP APPROACH
- 2.9 TOP-DOWN APPROACH
- 2.1 RESEARCH FLOW
3 EXECUTIVE SUMMARY
- 3.1 MARKET OVERVIEW
- 3.2 GLOBAL AUTOMOTIVE SUBFRAME MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
- 3.3 GLOBAL AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT (USD MILLION)
- 3.4 GLOBAL AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION (USD MILLION)
- 3.5 FUTURE MARKET OPPORTUNITIES
- 3.6 GLOBAL MARKET SPLIT
4 MARKET OUTLOOK
- 4.1 GLOBAL AUTOMOTIVE SUBFRAME MARKET OUTLOOK
- 4.2 MARKET DRIVERS
- 4.2.1 RISING DEMAND FOR LOW EMISSION & FUEL-EFFICIENT VEHICLES
- 4.2.2 TECHNOLOGICAL INNOVATION AND RISE IN VEHICLE OWNERSHIP
- 4.3 RESTRAINTS
- 4.3.1 HIGH COST FOR RAW MATERIALS AND REPLACEMENT OF SUBFRAME
- 4.4 OPPORTUNITIES
- 4.4.1 RISING ELECTRIC VEHICLE PRODUCTION
- 4.5 IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE SUBFRAME MARKET
- 4.6 PORTER'S FIVE FORCES ANALYSIS
- 4.7 VALUE CHAIN ANALYSIS
5 MARKET, BY PRODUCT
- 5.1 OVERVIEW
- 5.2 STEEL SUBFRAME
- 5.3 ALUMINUM ALLOY SUBFRAME
6 MARKET, BY APPLICATION
- 6.1 OVERVIEW
- 6.2 FRONT SUBFRAME
- 6.3 REAR SUBFRAME
7 MARKET, BY GEOGRAPHY
- 7.1 OVERVIEW
- 7.2 NORTH AMERICA
- 7.2.1 NORTH AMERICA MARKET SNAPSHOT
- 7.2.2 U.S.
- 7.2.3 CANADA
- 7.2.4 MEXICO
- 7.3 EUROPE
- 7.3.1 EUROPE MARKET SNAPSHOT
- 7.3.2 GERMANY
- 7.3.3 FRANCE
- 7.3.4 UK
- 7.3.5 REST OF EUROPE
- 7.4 ASIA PACIFIC
- 7.4.1 ASIA PACIFIC MARKET SNAPSHOT
- 7.4.2 CHINA
- 7.4.3 JAPAN
- 7.4.4 INDIA
- 7.4.5 REST OF APAC
- 7.5 ROW
- 7.5.1 ROW MARKET SNAPSHOT
- 7.5.2 LATIN AMERICA
- 7.5.3 MIDDLE EAST AND AFRICA
8 COMPETITIVE LANDSCAPE
- 8.1 OVERVIEW
- 8.2 COMPETITIVE SCENARIO
- 8.3 COMPANY MARKET RANKING ANALYSIS
9 COMPANY PROFILES
- 9.1 MAGNA INTERNATIONAL INC.
- 9.1.1 COMPANY OVERVIEW
- 9.1.2 COMPANY INSIGHTS
- 9.1.3 SEGMENT BREAKDOWN
- 9.1.4 PRODUCT BENCHMARKING
- 9.1.5 KEY DEVELOPMENTS
- 9.1.6 SWOT ANALYSIS
- 9.2 GESTAMP AUTOMOCION, S.A.
- 9.2.1 COMPANY OVERVIEW
- 9.2.2 COMPANY INSIGHTS
- 9.2.3 SEGMENT BREAKDOWN
- 9.2.4 PRODUCT BENCHMARKING
- 9.2.5 KEY DEVELOPMENTS
- 9.2.6 SWOT ANALYSIS
- 9.3 BENTELER GROUP
- 9.3.1 COMPANY OVERVIEW
- 9.3.2 COMPANY INSIGHTS
- 9.3.3 PRODUCT BENCHMARKING
- 9.3.4 SWOT ANALYSIS
- 9.4 RYOBI LIMITED
- 9.4.1 COMPANY OVERVIEW
- 9.4.2 COMPANY INSIGHTS
- 9.4.3 SEGMENT BREAKDOWN
- 9.4.4 PRODUCT BENCHMARKING
- 9.5 Y-TEC
- 9.5.1 COMPANY OVERVIEW
- 9.5.2 COMPANY INSIGHTS
- 9.5.3 PRODUCT BENCHMARKING
- 9.6 F-TECH INC.
- 9.6.1 COMPANY OVERVIEW
- 9.6.2 COMPANY INSIGHTS
- 9.6.1 SEGMENT BREAKDOWN
- 9.6.2 PRODUCT BENCHMARKING
- 9.6.3 KEY DEVELOPMENTS
- 9.7 Toyoda Iron Works
- 9.7.1 COMPANY OVERVIEW
- 9.7.2 COMPANY INSIGHTS
- 9.7.3 SEGMENT BREAKDOWN
- 9.7.4 PRODUCT BENCHMARKING
- 9.7.5 KEY DEVELOPMENTS
- 9.8 YOROZU CORPORATION
- 9.8.1 COMPANY OVERVIEW
- 9.8.2 COMPANY INSIGHTS
- 9.8.3 SEGMENT BREAKDOWN
- 9.8.4 PRODUCT BENCHMARKING
- 9.8.5 KEY DEVELOPMENTS
LIST OF TABLES
- TABLE 1 GLOBAL AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 2 GLOBAL AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 3 GLOBAL AUTOMOTIVE SUBFRAME MARKET, BY GEOGRAPHY, 2021 - 2028 (USD MILLION)
- TABLE 4 NORTH AMERICA AUTOMOTIVE SUBFRAME MARKET, BY COUNTRY, 2021 - 2028 (USD MILLION)
- TABLE 5 NORTH AMERICA AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 6 NORTH AMERICA AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 7 U.S. AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 8 U.S. AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 9 CANADA AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 10 CANADA AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 11 MEXICO AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 12 MEXICO AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 13 EUROPE AUTOMOTIVE SUBFRAME MARKET, BY COUNTRY, 2021 - 2028 (USD MILLION)
- TABLE 14 EUROPE AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 15 EUROPE AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 16 GERMANY AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 17 GERMANY AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 18 FRANCE AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 19 FRANCE AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 20 UK AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 21 UK AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 22 REST OF EUROPE AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 23 REST OF EUROPE AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 24 ASIA PACIFIC AUTOMOTIVE SUBFRAME MARKET, BY COUNTRY, 2021 - 2028 (USD MILLION)
- TABLE 25 ASIA PACIFIC AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 26 ASIA PACIFIC AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 27 CHINA AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 28 CHINA AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 29 JAPAN AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 30 JAPAN AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 31 INDIA AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 32 INDIA AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 33 REST OF APAC AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 34 REST OF APAC AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 35 ROW AUTOMOTIVE SUBFRAME MARKET, BY COUNTRY, 2021 - 2028 (USD MILLION)
- TABLE 36 ROW AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 37 ROW AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 38 LATIN AMERICA AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 39 LATIN AMERICA AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 40 MIDDLE EAST AND AFRICA AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
- TABLE 41 MIDDLE EAST AND AFRICA AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 42 MIDDLE EAST AND AFRICA AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
- TABLE 43 COMPANY MARKET RANKING ANALYSIS
- TABLE 44 MAGNA INTERNATIONAL INC.: PRODUCT BENCHMARKING
- TABLE 45 MAGNA INTERNATIONAL INC.: KEY DEVELOPMENTS
- TABLE 46 GESTAMP AUTOMOCION, S.A.: PRODUCT BENCHMARKING
- TABLE 47 GESTAMP AUTOMOCION, S.A.: KEY DEVELOPMENTS
- TABLE 48 BENTELER GROUP: PRODUCT BENCHMARKING
- TABLE 49 RYOBI LIMITED: PRODUCT BENCHMARKING
- TABLE 50 Y-TEC: PRODUCT BENCHMARKING
- TABLE 51 F-TECH INC.: PRODUCT BENCHMARKING
- TABLE 52 F-TECH INC.: KEY DEVELOPMENTS
- TABLE 54 YOROZU CORPORATION: PRODUCT BENCHMARKING
- TABLE 55 YOROZU CORPORATION: KEY DEVELOPMENTS
LIST OF FIGURES
- FIGURE 1 GLOBAL AUTOMOTIVE SUBFRAME MARKET SEGMENTATION
- FIGURE 2 RESEARCH TIMELINES
- FIGURE 3 DATA TRIANGULATION
- FIGURE 4 MARKET RESEARCH FLOW
- FIGURE 5 GLOBAL AUTOMOTIVE SUBFRAME MARKET OVERVIEW
- FIGURE 6 GLOBAL AUTOMOTIVE SUBFRAME MARKET GEOGRAPHICAL ANALYSIS, 2021-2028
- FIGURE 7 GLOBAL AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT (USD MILLION)
- FIGURE 8 GLOBAL AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION (USD MILLION)
- FIGURE 9 FUTURE MARKET OPPORTUNITIES
- FIGURE 10 ASIA PACIFIC DOMINATED THE MARKET IN 2020
- FIGURE 11 GLOBAL AUTOMOTIVE SUBFRAME MARKET OUTLOOK
- FIGURE 12 PORTER'S FIVE FORCES ANALYSIS FOR AUTOMOTIVE SUBFRAME MARKET
- FIGURE 13 VALUE CHAIN ANALYSIS
- FIGURE 14 GLOBAL AUTOMOTIVE SUBFRAME MARKET, BY PRODUCT
- FIGURE 15 GLOBAL AUTOMOTIVE SUBFRAME MARKET, BY APPLICATION
- FIGURE 16 GLOBAL AUTOMOTIVE SUBFRAME MARKET, BY GEOGRAPHY, 2021 - 2028 (USD MILLION)
- FIGURE 17 NORTH AMERICA MARKET SNAPSHOT
- FIGURE 18 U.S. MARKET SNAPSHOT
- FIGURE 19 CANADA MARKET SNAPSHOT
- FIGURE 20 MEXICO MARKET SNAPSHOT
- FIGURE 21 EUROPE MARKET SNAPSHOT
- FIGURE 22 GERMANY MARKET SNAPSHOT
- FIGURE 23 FRANCE MARKET SNAPSHOT
- FIGURE 24 UK MARKET SNAPSHOT
- FIGURE 25 ASIA PACIFIC MARKET SNAPSHOT
- FIGURE 26 CHINA MARKET SNAPSHOT
- FIGURE 27 JAPAN MARKET SNAPSHOT
- FIGURE 28 INDIA MARKET SNAPSHOT
- FIGURE 29 ROW MARKET SNAPSHOT
- FIGURE 30 KEY STRATEGIC DEVELOPMENTS
- FIGURE 31 MAGNA INTERNATIONAL INC.: COMPANY INSIGHT
- FIGURE 32 MAGNA INTERNATIONAL INC.: BREAKDOWN
- FIGURE 33 MAGNA INTERNATIONAL INC.: SWOT ANALYSIS
- FIGURE 34 GESTAMP AUTOMOCION, S.A.: COMPANY INSIGHT
- FIGURE 35 GESTAMP AUTOMOCION, S.A.: BREAKDOWN
- FIGURE 36 GESTAMP AUTOMOCION, S.A: SWOT ANALYSIS
- FIGURE 37 BENTELER GROUP: COMPANY INSIGHT
- FIGURE 38 BENTELER GROUP: SWOT ANALYSIS
- FIGURE 39 RYOBI LIMITED: COMPANY INSIGHT
- FIGURE 40 RYOBI LIMITED: BREAKDOWN
- FIGURE 41 Y-TEC: COMPANY INSIGHT
- FIGURE 42 F-TECH INC.: COMPANY INSIGHT
- FIGURE 43 F-TECH INC.: BREAKDOWN
- FIGURE 45 YOROZU CORPORATION: COMPANY INSIGHT
- FIGURE 46 YOROZU CORPORATION : BREAKDOWN
