Global Automotive Chassis Market, to grow at ~ 5.76% CAGR during the forecast period

Pune, India, November 20, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on Global Automotive Chassis market. The Automotive Chassis Market is expected to grow at the CAGR of around 5.76% during the period 2022 to 2030.

Market Highlights

Automotive chassis consists of the structure that supports different components in the vehicle. The frame provides stability and protection to the components. Chassis have different uses such as electronics, engine, transmission, drive shaft others. A chassis is also known as running chassis if it is attached to the running gear. The running gear includes engine, transmission, drive shaft, and others. The chassis used for the electronic devices support the structure for the circuit so as to protect the components from damaging. There are various materials that are used for the production of automotive chassis such as steel, aluminum alloy, and carbon fiber composite. Aluminum is widely used in the chassis system because of its light weight property. The light weight property helps reduce the overall weight of the vehicle, which increases the fuel efficiency. This improved fuel efficiency of the vehicle will drive the automotive chassis market during the forecast period. Steel is also used because it provides stability to the vehicle parts. The major restraint of using steel in the manufacture of chassis is that it is heavier than any other metal. The heavy weight of the steel increases the overall weight of the vehicle and  worsens fuel efficiency.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Chassis Market Research Report

On the basis of region, the market is segmented as North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific, China majorly contributes in the steel industry, but off late the steel market in China, has declined. The growth of the component manufacturers has taken a different route than other regions. Producers in Japan have maintained strong relationships with their suppliers. The rising competition and increase in the trade, globally, have led to the improved distribution system, across various developing nations. Also, the automotive industry in China continues to grow due to increased production of passenger and commercial vehicles. FDI is one of the major factors for the growth of automotive industry in China. Automakers in China are developing new and trade friendly policies that enable them for producing a larger number of vehicles. This increase in the number of vehicles, will result in the growth of the automotive chassis market during the forecast period. North America is expected to be the second largest region dominating the automotive chassis market due to the increase in demand for the light weight body chassis in the vehicle. This increase in demand will result in the growth of the market during the forecast period. Europe is expected to grow at the highest CAGR in automotive chassis market due to outstanding automotive industry and engineering for components. The German cars have high valued due to the innovation, reliability, safety, and design. In Europe, Germany is one of the leading countries for production and sales of vehicles. World class R&D infrastructure, and highly qualified workforce, have created incomparable automotive environment. This will boost the production of automotive vehicle, in future. 

Drivers:

Source: MRFR Analysis 

Global Automotive Chassis Market Size, 2022-2030(CAGR)

Source: MRFR Analysis

Scope of the Report

This study provides an overview of the global automotive chassis market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Chassis market by its chassis type, material, chassis system, vehicle type, and region

• Backbone


• Ladder


• Monocoque


• Modular


• Others
   

• Steel


• Aluminum Alloy


• Carbon Fiber Composite
   

• Front Axle


• Rear Axle


• Corner Modules


• Active Kinematics Control
   

• Passenger Car


• Commercial Vehicle
   

• North America


• Europe


• Asia Pacific


• Rest of the World 

Key Players

The key players in global automotive chassis market are Continental (Germany), ZF Friedrichshafen (Germany), Magna (Canada), Schaeffler (Germany), Aisin Seiki (Japan), CIE Automotive (Spain), Benteler (Germany), Hyundai Mobis (Korea Republic) and AL-KO (Germany), Gestamp (Spain), and others.