Automotive Subframe Market

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

Published on: Jan-2023
Report Code: FG 01064
No. of Pages: 170-350
Report Format: PDF

Product Overview

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.

Market Highlights

Automotive Subframe Market is expected to project a notable CAGR of 3.9%.

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.

Figure - Market Analysis of Automotive Subframe Market

Automotive Subframe Market: Segments

Steel Subframe segment is expected to grow with a higher CAGR during 2022-32

Automotive 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.

Front Subframe segment is expected to grow with a higher CAGR during 2022-32

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.

Figure - Market Analysis of Automotive Subframe Market

Market Dynamics

Growth Drivers

Growing Demand for Fuel-Efficient and High-Performance Vehicles

The 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.

Innovations and Advancements

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.

Restraint

High cost of automotive subframes systems 

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.

Recent Developments

  • 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
  • F-Tech Inc. has planned to increase business with GM and Toyota to deliver suspension parts.

Automotive Subframe Market: Key Players

  • F-tech

Company Overview, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Business Strategy, Regional Presence, Recent Development, SWOT Analysis

  • Yorozu
  • Magna
  • Benteler Group
  • Toyoda Iron Works
  • Gestamp Automocion
  • Ryobi Limited
  • Y-tec
  • Other Prominent Players

Automotive Subframe Market: Regions

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 Market

Global 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.

Automotive Subframe Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MEA

Automotive Subframe Market report also contains analysis on:

Automotive Subframe Market Segments:

  • By Product 
    • Steel Subframe
    • Aluminum Alloy Subframe 
  • By Application
    • Front Subframe
    • Rear Subframe 
  • Automotive Subframe Market Dynamics
  • Automotive Subframe Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Automotive Subframe Market Report Scope and Segmentation

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

Frequently Asked Questions (FAQ):

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.

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