Global Commercial vehicle Rolling Chassis Market across the globe generating 266.87 USD billion in 2021 and is projected to reach USD 353.56 Billion in 2028 with a CAGR of 4.10% during the forecast period.
The macro trends that the automotive industry is going through (autonomous driving, electrification, new mobility models, vehicle digitalization) have an exceptional impact on the several products most particularly on commercial rolling chassis. The frame in a ‘ready to run’ condition called rolling chassis offers an enormous strength required for supporting several vehicular components. This is why it has become more popular among a number of manufacturers of rolling chassis for commercial use across the globe.
The automobile industry is transforming more today than it has in five entire decades due to several automation, innovations, and technologies. Rolling chassis for commercial vehicles have entered a world full of innovation. As ZF established the intelligent rolling chassis for this vehicle idea, a networked vehicle platform with close-to-wheel electric drive, reliable HMI, agile chassis, and new-situated airbags. In addition to this, the rolling chassis from Schaeffler, a modular platform for new mobility concept had combined with the Mobileye Drive self-driving system. The goal is to build a new, flexible platform for self-driving shuttles and other vehicle products at full automation level 4 and to deal with customers' world solutions. Recently on, January 4th, 2022; Lightning eMotors has unveiled the Lightning eChassis, an all-new rolling chassis purpose-built for commercial vehicles. This gives customers the capability to improve passenger and payload capacity for electrified ambulances, shuttle buses, delivery, refrigerated trucks, and work trucks. Innovations in commercial rolling chassis are bringing the future of the automotive market brighter than ever before.
The Covid-19 pandemic has had a swift and severe impact on the overall automotive industry and hence on the production of rolling chassis for the commercial vehicles. Signs consist of an interruption in Chinese parts exports, huge scale manufacturing disturbances throughout Europe, and the termination of assembly plants in the United States.
The future of the commercial vehicle rolling chassis market appears promising in the upcoming years across the world for an extended period. Manifold rolling chassis manufacturing companies are hugely implementing go-to-market strategies, mergers & acquisitions, and market boosting research & development to remain competitive and meet the escalating demand for rolling chassis. In addition, major players like Schaeffler Technologies AG & Co. KG, Robert Bosch GmbH, BENTELER, and others are hugely pouring their millions to innovate new components or materials regarding rolling chassis. For example; On April 16th, 2019; BENTELER begun a growth alliance with Bosch combining system integration know-how for rolling chassis as a basis for battery electric vehicles. Similarly, Mahindra and REE automotive signed a memorandum of understanding to determine a strategic collaboration for the advancement of electric commercial vehicles. This partnership is eventually expanding the demand for rolling chassis among many market players across the world. New entrants are also showing their consideration towards profitable production of rolling chassis in commercial vehicles and hence leveraging into the market more hopefully. These strategies among the key players are massively enhancing the market value for commercial rolling chassis.
The global commercial vehicle rolling chassis market has shown a drop of nearly 2% in 2019. In Europe, the automotive industry is a leading segment in research & Development accounting for over one-third of the total R&D investment made in 2019 which is around 74 US$ Bn. This huge chunk of the amount is invested to address various changes happening in European Automotive Industry such as vehicle electrification, self-driving vehicles, and many more. With this investment, Europe has become the leading region in terms of R&D expenditure addressed to the automotive industry. Moreover, the Asia Pacific is one of the fastest-growing regions in the global commercial vehicle rolling chassis market mainly due to China and India. This is due to increasing awareness about the rolling chassis coupled with its production, and many more factors.
Many players in the market continue to develop their e-mobility platform electric vehicles, self-driving cars, internet connectivity. These are just some of the major trends and mobility concepts that are having a drastic effect on modern vehicle design. They require changes, not only to the way vehicles and their systems are built and interact, but also to the way the industry works. As a result, new systems and methodologies are needed. That’s why leading to the automotive industry, many market players trying to develop these systems and methodologies. Most importantly, rolling chassis are widely used in commercial EVs today. Additionally, many market players like BENTELER and Bosch has developed a rolling chassis for battery electric vehicles (BEVs). Israel's REE Automotive, developer of a rolling chassis for electric vehicles, has signed a collaboration deal agreement with Indian carmaker Mahindra and Mahindra. The modular platform includes the high-voltage battery storage and thermal system, electric powertrain, and chassis system with integrated steering and braking systems as well as control electronics. Customers benefit from a versatile e-mobility solution that can be tailored to their precise vehicle development needs.
Today, the automotive industry faces some of the most important technical challenges in its history. In most regions of the world, rules and regulations are being implemented to enforce high fuel economy and low tailpipe emissions. In all cases, the trend is upward, and in some areas, the emphasis is on improving the fuel economy. These challenges, the rapidly changing customer preferences, and the ever-increasing market demand for better vehicle performance and reliability have led automotive companies to rethink previous approaches and find better ways to design better vehicles in less time. Rolling chassis are widely used in every commercial vehicle nowadays. This not only helps players to pay less for vehicle manufacturing but also helps them to work faster and increase the market by increasing the number of products. Consumers also benefit greatly from this. This can be since the cost of manufacturing the vehicle is being saved by the players and for some reason, the cost of the vehicle can also go down. Many technologies are evolving in the automotive market due to the benefits of such rolling chassis.
Due to the increasing fuel consumption of vehicles, many players are now adopting rolling chassis in their efforts to lose commercial vehicle weight. Rising oil prices around the world have raised the question of fuel efficiency in the minds of many commercial vehicles. The automotive industry has responded with a variety of new methods to reduce weight and improve the performance of their vehicles. Due to the inherent relationship between mass and fuel consumption, the most realistic way to meet these needs is to reduce vehicle weight. In addition, lighter weights can benefit from other advanced fuel-saving benefits but also benefit from load-bearing technology, such as battery-powered vehicles. According to a study; a 10-percent reduction in vehicle weight leads to a 6.6% increase in fuel efficiency. In fact, according to the ATG report, there is no single cost-effective technology that can achieve targeted fuel efficiency without significant weight loss. Furthermore, new companies are also entering the automotive market with innovative business models. These manufacturers are looking for complete system solutions with high levels of integration that they can use as a basis for their own mobility solutions. In addition, there is an increasing need for a shorter time to market. The rolling chassis with its defined and tested interfaces offers manufacturers a cost-effective solution to these problems. The rolling chassis not only reduces the weight of the vehicle but also has many advantages. There are several advantages to this such as fuel savings, time to build vehicle, as outlined above this has greatly benefits.
Today almost the chassis of all commercial vehicle body mainly manufactured by using three kinds of base materials: steel, aluminium alloy, and composite. Different grades of materials given above are available for use and have their own advantages and the best way to choose materials for chassis design is based on application and load distribution.
Steel:- The most common material traditionally used to make commercial vehicle rolling chassis is steel in various forms. Steel is easy to get, and the machinery required to make steel is also simple. The primary reason for the widespread use of steel in the chassis construction industry. Many types of steel can be used for the preparation of the chassis of commercial vehicles. Carbon steel material has been adopted in this present work.
Low carbon mild steel:- Mild steel, known as plain-carbon steel, is the most common type of steel and is relatively low. It also provides physical properties that are acceptable for many applications, more than iron. Low-carbon steel contains approximately 0.05 - 0.320% carbon and is degradable and resilient. This property of carbon steel is useful because it gives good wear characteristics on the surface. The only problem is that it leaves the core hard. These properties easily indicate that low carbon steel is the right material for the manufacture of car body sheets.
Aluminum:- When it comes to commercial rolling chassis design and production, the aluminum chassis offers the best of both worlds. Since the chassis is a vehicle frame, it has to be rigid to absorb and retain the movement and vibrations from the engine, suspension and axle. It should be as light as possible to improve vehicle efficiency and fuel efficiency. Aluminum provides both strength and lightness properties. Significant weight loss helps the vehicle to have a better power to weight ratio. The strength of the product increases considerably after mixing but does not show much effect on hardness. Aluminum has a safe place in the chassis building, despite its much higher cost compared to steel and the additional hassle of working with it. It is also less likely to rust than steel. Positive environmental influences play a much bigger role in the environmental assessment phase than in the automotive sector.
Aluminum alloy:- Aluminum alloys typically have flexible modules of 70Gpa, which is about one-third of the flexible modules of most types of steel and steel alloys. In automotive engineering vehicles, space frames made of aluminum alloys are made with extruded profiles to ensure rigidity. This represents a radical change from the general approach to the design of current steel commercial vehicles, which relies on body shells for rigidity, known as a unibody design.
|Historical data||2016 - 2021|
|Forecast Period||2022 - 2029|
|Market Size in 2021:||266.87 USD billion|
|Base year considered||2021|
|Forecast Period CAGR %:||4.10%|
|Market Size Expected in 2028:||USD 353.56 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||BENTELER, Automobiltechnik GmbH, Robert Bosch GmbH, Schaeffler, Israel’s REE, Automotive|
|Segments Covered||By Material,By Vehicle Type,By Product|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|