Automotive Chassis Market To Expand Steadily At A CAGR Of 5.76% During 2019-2023. 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.
The prominent players profiled by MRFR in the report on the 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.
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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.
The global automotive chassis market has been segmented on the basis of chassis type, material, chassis system and vehicle type. Based on chassis type, the automotive chassis market is segmented into backbone, ladder, monocoque, modular, and others. Based on material, the automotive chassis market is segmented into steel, aluminum alloy and carbon fiber composite. Based on chassis system, the automotive chassis market is segmented into axle, corner modules, and active kinematics control. Based on vehicle type, the automotive chassis market is segmented into vehicle type, passenger car and commercial vehicle.
On the basis of region, the market is segmented as North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the automotive chassis market during the forecast period due to the growing demand of vehicle in emerging countries such as India, China, and Japan. The increased in safety of the structure will lead to increase in demand for sustainable chassis system in the vehiclee and will drive the automotive chassis market in the Asia Pacific region. There has been an increase in production of the passenger and commercial vehicle, which will lead to growing demand for chassis system in the vehicle. This will drive the automotive chassis market during the forecast period. North America is expected to be the second largest region dominating the automotive chassis market during the forecast period. In North America, there is increase demand for light weight vehicle and increased fuel efficiency of the car. This growing demand for the light weight body will drive the automotive chassis market during the forecast period in this region.
Get Detailed Information@ https://www.marketwatch.com/press-release/automotive-chassis-market-2018-global-industry-share-size-growth-factors-trends-key-country-analysis-and-competitive-forecast-to-2023-2018-07-05
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