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The latest research study “Automotive Chassis Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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An automotive chassis system refers to the foundation structure that supports the vehicle parts and provides a grip to the steering and suspension system. It consists of an engine, brakes, a power-suspension system, and a structurally independent frame. It is also manufactured using cast iron, steel, ferrous metal, and magnesium alloy, offering strength and support to various vehicular components while keeping automobiles rigid and stiff. Owing to these properties, automotive chassis systems are widely used in agricultural equipment, passenger vehicles, light commercial vehicles (LCV), construction equipment, and heavy commercial vehicles (HCV).
Global Automotive Chassis Systems Market Trends and Drivers:
The market is primarily driven by the expanding automotive industry across the globe, as automotive chassis systems are extensively used to improve the safety of the vehicle due to their lightweight, ductile, and aerodynamic properties. In addition, various technological advancements, such as the development of naturally weighted electric-assist steering and dynamic chassis mode, represents another major growth-inducing factor. Besides this, manufacturers are widely adopting modular and compact chassis systems due to the increasing demand for electric vehicles (EVs). Furthermore, the escalating demand for low emission and fuel-efficient vehicles and the implementation of several government initiatives to control carbon emissions are also propelling the market growth.
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Automotive Chassis Systems Market Report Scope
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Component, Chassis System, Vehicle Type and Region
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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 and ZF Friedrichshafen AG.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The report has been segmented the market into following categories:
List of Major Key Players:
The major players in the market are 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 and ZF Friedrichshafen AG.
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.
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