Automotive Cross Member Market

Automotive Cross Member Market Outlook (2023 to 2033)

The global automotive cross-member industry is estimated to be valued at US$ 1.5 billion in 2022 and is projected to reach a value of US$ 1.57 billion in 2023. Further, due to the rise of energy-efficient and lightweight vehicles, the demand for automotive cross members is expected to rise at a CAGR of 7% between 2023 and 2033, reaching US$ 3.09 billion by 2033.

Cross-membrane market growth is expected to be driven by increasing market demand for automobiles. Automotive cross-member demand is expected to recover steadily in the short term, with an optimistic outlook for future growth. Extruded cross members also provide structural support for supercars that have aluminum spaceframes and SUVs.

Innovations in the market as well as rising disposable incomes in various developing countries such as India and China are expected to contribute to the growth of the market in the near future. Innovations and customizations in auto vehicles are becoming increasingly important for market growth. A growing electric vehicle market and consumers' preference for various types of cars and heavy-duty vehicles have further increased demand for automotive cross-member markets.

According to statistics, in recent years, sport utility vehicles (SUVs) and pickups have been the most popular vehicles in North America. A traditional ladder frame is employed in the structural design of larger SUVs and pickup trucks. As body-on-frame vehicles become more prevalent, extrusions are mostly used for cross-members on the vehicles.

The vehicle frame is prone to twisting in many situations depending on the circumstances in which it is used. As a vehicle's backbone, the frame plays a crucial role in all things it does from carrying a payload to off-roading to putting up with years of driving. An automobile's chassis is supported by the chassis cross member. Mounted to the frame of the vehicle, it is made of rectangular steel tubes. In addition to contributing to structural integrity, it has the potential to minimize noise, vibration, and harshness (NVH). In order to support the suspension system of a vehicle and the components that form the suspension, the vehicle is equipped with suspension cross members. The frame of a vehicle is usually made of steel or aluminum and is attached to the vehicle's body.

The technology reduces NVH and improves ride quality at the same time. A cross member supports the engine during the manufacturing process of a vehicle. Vehicle bodies are supported by subframe cross members. Continuing efforts by automakers to make their vehicles lighter and stronger will encourage the use of cross-members in automotive frames. As safety and emissions standards become more stringent, this trend is driven by the need to reduce weight and increase fuel efficiency. In the coming years, automotive frames like high-strength steel, aluminum, and composite materials may become more affordable and easier to manufacture.

The auto industry is also likely to invest in new techniques and materials that enhance frame strength, including new welding techniques and adhesives. A computer-aided design (CAD) system, however, will enable automakers to create more accurate cross members that will fit specific applications more accurately, which will, in turn, ensure that the vehicle's frames will remain lightweight and strong.

A polyurethane cross-member is part of an automotive cross-member assembly which is commonly made of this lightweight and durable material. Aside from being impact-resistant, it also features a low thermal expansion rate, and it performs better in terms of noise, vibration, and harshness (NVH). Due to its lightweight and corrosion-resistant properties, aluminum cross members have become increasingly popular in automotive applications. Moreover, it has a great strength-to-weight ratio that makes it a very cost-effective material in the market.

The use of carbon fiber in automotive cross members has increased significantly over the past few years due to its strength and lightweight. Designed for high-performance applications, it provides superior stiffness and strength at a minimal weight. In the automotive industry, steel has been the traditional material of choice because of its tensile properties. For mass-production applications, it is also an inexpensive choice for manufacturers.

Data Points	Key Statistics
Estimated Base Year Value (2022)	US$ 1.5 billion
Expected Market Value (2023)	US$ 1.57 billion
Anticipated Forecast Value (2033)	US$ 3.09 billion
Projected Growth Rate (2023 to 2033)	7% CAGR

Demand for automotive cross member will witness steady recovery in short term, with optimistic growth outlook in the long run. Surge demand from automotive industry will create opportunities in near future.

What is Driving Demand for Automotive Cross Member?

The fundamental factors that are driving the development of cross part market remembers for interest for eco-friendly vehicle, increase in advancement and innovative headway, and ascend in auto creation. Additionally, rising electric vehicle demand is expected to give rewarding freedoms to the development of the market.

Likewise the improvement of super lightweight car cross part, which clears a path for new organizations to enter the market absent a lot of R&D venture, is relied upon to give freedoms to the market development.

Sales of automotive cross member in traditional automotive industry is anticipated to foster owing to application for passenger and commercial vehicle in chassis system to make vehicle lighter and more fuel efficient.

Rising innovation and advancements due to increasing demand for premium and improved performance of the vehicle, such as, light weight automotive cross member which have dynamic chassis mode that enable automatic shifting of gear and enhance driving experience even on mountain road, leading to increased demand for such premium vehicle.

Therefore, innovation and technological advancement in cross member will drive the growth of the automotive cross member market in forecast period.

Automotive Recovery Likely to Augment Cross Member Sales

Automotive sales around the globe have been impacted by COVID-19 induced slowdown. This has also had a ripple effect on automotive component and material sales. As lightweight is a key focus area for automotive OEMs, automotive cross member manufacturers are likely to witness sustained opportunities in the future.

Cross member is used extensively in automotive industry. Although lockdown and shelter-at-home guidelines have meant restricted automobile production activities, however sales are likely to improve over the course of the assessment period.

USA and Canada Automotive Cross Member Market Outlook

North America is estimated to be one of the prominent region globally. The USA and Canada market is set to account for substantial share in global market during the assessment period 2021 to 2031. The substantial investment and R&D in automobile production with advance technology to make vehicle fuel-efficient, light weight in automotive industry is likely to propel demand during forecast period.

Electric vehicle adoption has increased in the United States and Canada as a result of government greenhouse emission legislation and rising fuel prices. Cross members used in electric vehicles are vastly different from those used in conventional motor vehicles, necessitating the development of new cross member designs specifically for electric vehicles.

As a result, the electric vehicle demand is expected to provide lucrative opportunities for the automotive cross member market to expand.

Europe Automotive Cross Member Market Outlook

Demand for cross member in Europe have been expanding significantly over the recent years and this trend is projected to persist over the coming years. These attributable to strategic development by market player for improving market presence in the region.

Furthermore, countries such as Germany, France, and Italy have been leading markets because of the automobile production is increasing. These factors are expected to create positive prospects for the market growth in the region.

Who are the Key Manufacturers and Suppliers of Automotive Cross Member?

Some of the leading manufacturers and suppliers includes

• Magna Powertrain
• Magneti Marelli
• ArcelorMittal
• Kirchhoff
• Dura
• Heidts
• Press Kogyo
• Yorozu
• Others

Many leading manufacturers and supplier have longstanding contracts with end-users to supply automotive cross member. Further, manufacturers are focused on establishing their manufacturing facilities in the countries from South Asia Pacific and East Asia such as India, China, Thailand, and Taiwan to cater increasing demand in the region.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Segment of Automotive Cross Member Market

By Product Type:

• Steel
• Aluminium
• Other

By Application:

• Passenger Vehicle
• Commercial Vehicle

By Sales Channel:

• OEM
• Aftermarket

By Region:

• North America
  • USA
  • Canada
• Latin America
  • Brazil
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • BENELUX
  • Russia
• South Asia and Pacific
  • India
  • ASEAN
  • Australia & New Zealand
• East Asia
  • China
  • Japan
  • South Korea
• Middle East & Africa
  • GCC
  • Turkey
  • South Africa
  • North Africa