Global Automotive Chassis Market Highlights:
Worldwide rise in sales of automobiles and overall development of automotive industry coupled with advancement in technology is leading to the increasing demand for chassis systems in the global market. Improvement in chassis manufacturing capabilities as a result of industrial development is propelling the growth of the global automotive chassis market. The recent upgrades in chassis systems that enhance aerodynamic qualities and reduce the overall weight of vehicle to improve fuel efficiency and design are leading to rapid adoption of advanced automotive, resulting in the expansion of the global automotive chassis market.
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Automotive Chassis Market Key Companies Studied in this report 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.
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. However, high expenditure by automotive companies on research and development of advanced chassis systems is likely to restrain the growth of the global automotive chassis market during the forecast period.
Market Segments Analysis:
The automotive chassis market has been segmented based on chassis type, material, chassis system, vehicle type, and region.
On the basis of chassis type, the market is segmented as backbone, ladder, monocoque, modular, and others. Monocoque chassis type is expected to dominate the automotive chassis market during the forecast period due to its safety and better fuel efficiency with minimum emission in the environment. This property makes it widely used in passenger cars.
On the basis of material, the market is segmented as steel, aluminum alloy, and carbon fiber composite. Aluminum alloy is expected to account for the largest market because of its light weight. The lightweight of aluminum reduces the weight of the car, thus improving safety. The reduction in the weight of the vehicle will result in improved fuel efficiency. The increased fuel efficiency will result in the growth of the market during the forecast period.
Based on chassis system, the market is segmented as axle, corner modules, and active kinematics control. Axle is expected to dominate the market during the forecast period because it holds the major weight of the vehicle, which increases the demand for the axle. The improved safety of the axle will result in the growth of the automotive chassis market during the forecast period.
Geographically, the global automotive chassis market is segmented into four major regions such as North America, Europe, Asia Pacific and the rest of the world. The automotive chassis market in the Asia Pacific region is anticipated to dominate the global market for automotive chassis owing to the rapid expansion of automotive industries, proliferation in manufacturing of automobiles and increasing demand for economy and luxury cars by the population in this region. The North America region accounts for the second largest share in the global automotive chassis market owing to the high demand for lightweight vehicles and cars with increased fuel efficiency in this region.
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The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
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