Automotive Chassis Market Report 2018. Global Automotive Chassis Market Information Report by Chassis Type (Backbone, Ladder, Monocoque, Modular, and Others), Material (Steel, Aluminum Alloy, Carbon Fiber Composite), Chassis System (Axle, Corner Modules, and Active Kinematics Control), Vehicle Type (Passenger Car and Commercial Vehicle), and region.

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Market Scenario

Automotive chassis is supported by a vehicle frame that provides protection to the internal component it consists .The chassis in a vehicle is useful in functions of the engine, transmission, electronics, drive shaft, and others. If the frame of the vehicle is attached with the running gear, it is known as rolling chassis. Running gears include engine, transmission, drive shaft, and others. In an electronic device, the chassis is used to support the structure that is used to build the circuit. This protects the circuit and provides stability to the integral part of the vehicle. Chassis are made up of various materials such as steel, aluminum alloy, and carbon fiber composite. Aluminum is widely used in making automotive chassis due to its light weight. Steel is also used, but due to its heavy weight, it increases the fuel consumption, which makes less suitable in car manufacture. A trend in the automotive industry is to manufacture lightweight components, which makes the vehicle lighter without reducing the safety of the vehicle. Frames such as monocoque, and modular, have evolved to improve the safety of the components in the vehicle.

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.

There are various factors that are responsible for the growth of automotive chassis market. Some of them are the growing automotive industry along with the technological advancements in automotive chassis, changing preference of the automotive manufacturers, increased investment in research & development. The automotive industry has been growing due to the increase in demand for the passenger and commercial vehicles. Emerging countries such as India, China, and Japan are expected to have a huge demand for the cars that have increased the safety features and improved fuel efficiency. The increase in the demand for both passenger and commercial vehicles will result in the growing demand for automotive chassis market during the forecast period. The increased investment in the research and development by the automotive industry to develop products that stand out in the market, will drive the automotive chassis market. Companies are investing heavily and increasing their research budget to remain upfront in the market. This will drive the market in the future. The automotive chassis market is expected to grow at a CAGR of 5.76% during the forecast period.

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