According to the report by IMARC Group, “Global Automotive Chassis Systems Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global automotive chassis systems market reached a value of US$ 80.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 112.02 Billion by 2027, exhibiting a CAGR of 5.60% during 2022-2027.
An automotive chassis system is a load-bearing frame that supports the vehicle parts and offers a grip to the steering and suspension system. It comprises a power-suspension system, an engine, a structurally independent frame, and brakes. It is created using ferrous metal, cast iron, steel, and magnesium alloy, which offers strength and support to various vehicular components while keeping automobiles rigid and stiff. As a result, automotive chassis systems are widely employed in light commercial vehicles (LCV), agricultural equipment, heavy commercial vehicles (HCV), passenger vehicles, and construction equipment.
Request to Get the Sample Report: https://www.imarcgroup.com/automotive-chassis-systems-market/requestsample
COVID-19 Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Automotive Chassis Systems Market Trends and Drivers:
The market is primarily driven by the rising product adoption in the automotive industry due to its light, ductile, and aerodynamic properties, which also enhance the safety of the vehicle. In addition, various technological advancements, such as the introduction of naturally weighted electric-assist steering and dynamic chassis mode, represent another growth-inducing factor. Moreover, various manufacturers are extensively adopting modular and compact chassis systems due to the escalating demand for electric vehicles (EVs), which is providing a positive thrust to the market growth.
Apart from this, the market is also propelled by the implementation of several government initiatives to control carbon emissions. Along with this, the increasing demand for low emission and fuel-efficient vehicles over conventional internal combustion vehicles is positively influencing the market growth. Furthermore, key market players are investing in research and development (R&D) activities, chassis designing, and manufacturing processes to strengthen their market foothold, which is also creating a positive market outlook across the globe.
Global Automotive Chassis Systems Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- Aisin Corporation
- American Axle & Manufacturing Inc
- Autokiniton US Holdings Inc.
- Benteler International AG
- Continental AG
- Gestamp Automoción S.A.
- Hyundai Mobis Co. Ltd
- Magna International Inc
- Robert Bosch GmbH
- Schaeffler AG
- ZF Friedrichshafen AG.
Ask Analyst for customized Report with TOC & List of Figure: https://www.imarcgroup.com/automotive-chassis-systems-market
The report has segmented the market on the basis of region, component, chassis system and vehicle type.
Breakup by Component:
- Control Arms
- Stabilizer Links
- Suspension Ball Joints
- Cross-Axis Joints
- Knuckles and Hubs
Breakup by Chassis System:
- Rear Axle
- Front Axle
- Corner Modules
- Active Kinematics Control
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Construction Equipment Vehicles
- Defense Vehicles
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Leave a Reply