Global Automotive Chassis Systems Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 6.5% through 2020 to 2027, reaching US$ XX Bn.


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Chassis is the internal frame made of composite components that support all the body parts of the vehicle that designed to be light, aerodynamic, and sturdy, which leads to the enhanced fuel efficiency of vehicles. The global automotive chassis systems market is driven by the rise in automobile production, increasing demand for vehicles with low emission and fuel-efficient. An increase in sales of commercial vehicles, inventions and technological developments in chassis systems will impel market growth in the upcoming period. However, unstable prices of raw material, complications related to sharing mobility may restrain the market growth at the global level. Development of ultra-light chassis systems for electric vehicles, broadening in LCV sales owing to growing e-commerce business, and development in electric vehicle production and sales are projected to create beneficial growth opportunities for key players in the market. Change in material for rendering benefit and in-house production of chassis systems are the major challenges for the automotive chassis systems market in the near future.

Based on the application, the aluminum (AL) alloy segment has led the automotive chassis systems market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. Aluminum is widely utilizing in chassis and body structure manufacturing, which reduces the weight of the vehicle. Its significant characteristics make it reliable for chassis such as high specific energy absorption, low weight, precise strength, and corrosion resistance. Lightweight metals can increase fuel efficiency as compared to other factors. Experiments reveal that 10 % of weight reduction can lead to a 6% to 8 % improvement in fuel usage. But, the high cost is one of the major barriers in the use of aluminum alloy is impeding the segment growth in the market.
Geographically, the automotive chassis systems market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held the prominent market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. In recent years, demand for lighter weight chassis has exponentially increased, revival of the economy with rapid industrialization in developing countries are fuelling the Asian market growth in the near future. China and India are leading contributing to the regional automotive chassis system market growth owing to rising domestic demand for vehicles and growth in the automotive industry in these countries. Manufacturers are significantly investing in research and development activities for the introduction of advanced composite components that are predicted to accelerate the growth of this region in the near future. Also, key players are outlaying to enlarge their existence are boost the market growth in the Asia Pacific.

The objective of the report is to present a comprehensive analysis of the Global Automotive Chassis Systems Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Automotive Chassis Systems Market dynamics, structure by analyzing the market segments and project the Global Automotive Chassis Systems Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Chassis Systems Market make the report investor’s guide.
Scope of the Global Automotive Chassis Systems Market:

Global Automotive Chassis Systems Market, by Chassis Type

• Backbone Chassis
• Ladder Chassis
• Monocoque Chassis
• Modular Chassis
Global Automotive Chassis Systems Market, by Material Type

• AL Alloy
• Carbon Fiber Composite
• HSS (High-Speed Steel)
• MS (Mild Steel
Global Automotive Chassis Systems Market, by Component

• Suspension Ball Joints
• Cross-axis Joints
• Tie-rods
• Stabilizer Links
• Control arms
• Knuckles & Hubs
Global Automotive Chassis Systems Market, by Manufacturing Process

• Hydro-Forming
• Stamping
• Laser Cutting
• Welding
Global Automotive Chassis Systems Market, by Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Global Automotive Chassis Systems Market, by Electric Vehicle Type

• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Vehicle (PHEV)
Global Automotive Chassis Systems Market, by Region

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Automotive Chassis Systems Market, Major Players:

• ZF Friedrichshafen AG
• American Axle & Manufacturing Inc
• Continental AG
• Gestamp Automocin S.A.
• Schaeffler AG
• Magna International Inc
• CIE Automotive
• Aisin Seiki Co., Ltd.
• Hyundai Mobis Co., Ltd
• Tower International, Inc.
• AL-Ko
• Benteler International AG
• F-Tech
• KLT-Auto
• Robert Bosch GmbH

 

 

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