The Automotive Chassis System Market is projected to register stable growth during the forecast period owing to increasing demand from the automotive manufacturers and growing after market. This market has witnessed the number of developments by companies to strengthen their market share in the region. Some of the major developments witnessed in this market include new product development, expansions, partnerships and collaborations in recent years. Also, government policies to boost the automotive sector and related markets are also expected to drive the demand during the forecast period. 

The automotive sector has witnessed the transition towards the use of alternative energy sources with lightweight operations and high efficiency in recent years. This has impacted the established market in regions including North America, Western Europe, Asia Pacific, and so on. Also, concerns over automotive emissions and related norms are also expected to have a significant share of impact on the automotive sector as well as the automotive chassis system market during the forecast period.

Chassis is an outer body framework of a vehicle which, helps for mounting various automotive parts. The main functions of chassis are, to carry the load of the passengers or goods as well as to support the load of the body, engine, and gearbox. The main components of the chassis system are transmission system, axles, wheels & tires, suspension, controlling systems like braking, steering, etc. The global automotive chassis system market is expected to boom due to the rising automotive production across the globe along with this in developed countries, the acceptance of electric vehicles has risen owing to public legislation on greenhouse emissions and enhanced fuel prices. However, the price of metals used in the manufacture of chassis devices such as aluminum, coal, and others is growing due to the reformed European Emissions Trading Scheme in a different region which affect negatively to this market.

Segment Analysis

The global automotive chassis system market is segmented on the basis of component, chassis system, vehicle type, and material. By vehicle type, this market is categories into passenger cars, light, commercial vehicles, heavy commercial vehicles. Light, commercial vehicles segment is expected to high demand due to the advanced technology and features that attract many customers. This market is expected to rapidly grow in the Asia Pacific due to the rapid expansion of the automotive system.

Key Factors Impacting Market Growth:

• Increase in demand for a fuel-efficient vehicle

• Rising expansion and production in the automobile manufacturing industry

• Decreasing vehicle ownership due to increasing shared mobility

Regional Analysis

The regional outlook section for the automotive chassis system market provides the region-wise market estimations and forecasts along with related market dynamics. In addition, this section provides information about scenarios in major segments including country, type, applications, and others in the automotive chassis system market for a particular region. Major regions considered in the study include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. The automotive sector has witnessed steady growth in recent years owing to market recovery from recent slowdowns as well as technological transitions with regards to vehicle technology. North America and Western Europe have been established markets for the automotive sector with the presence of major companies operating in the market along with comparatively short product life cycles. Also, being early adopters of the latest technologies, these regions have been witnessing major technology transitions towards green fuels and related infrastructure. Major countries in these regions include the US, Germany, France, UK, Italy, Canada, Spain, and others.

Asia Pacific region is expected to register the fastest growth during the forecast period owing to the presence of key emerging economies with substantial market demand. Some of the major economies in the region include China, India, South Korea, Japan, and so on. Major companies operating in the market have made strategic developments to cater to the market demand in the region as well as increase the market presence. The Middle East and Eastern Europe are estimated to be potential markets for the automotive chassis system with growing demand from countries including the UAE. Saudi Arabia, Qatar, Russia, and Turkey. The rest of the World consisting of South America and Africa is estimated to be an emerging region for the automotive chassis system market with high demand from countries including Brazil, South Africa, Argentina, and so on.

Companies Covered: Continental AG, Robert Bosch GmbH, American Axle & Manufacturing, Inc., Magna International Inc., Benteler International AG, ZF Friedrichshafen AG, AISIN SEIKI Co., Ltd., Schaeffler AG, and Hyundai Mobis...

Market Segmentation:

By Component:

• Transmission System

• Axles

• Wheels and Tyres

• Suspension

• Controlling Systems

• Other

By Chassis System:

• Front Axle

• Rear Axle

• Corner Modules

• Active Kinematics Control

By Vehicle Type:

• Passenger Cars

• Light, Commercial Vehicles

• Heavy Commercial Vehicles

By Material:

• Steel

• Aluminum Alloy

• Carbon Fiber Composite

Region:

• North America

• By Country (US, Canada, Mexico)

• By Component

• By Chassis System

• By Vehicle Type

• By Material

• Western Europe

• By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

• By Component

• By Chassis System

• By Vehicle Type

• By Material

• Eastern Europe

• By Country (Russia, Turkey, Rest of Eastern Europe)

• By Component

• By Chassis System

• By Vehicle Type

• By Material

• Asia Pacific

• By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

• By Component

• By Chassis System

• By Vehicle Type

• By Material

• Middle East

• By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

• By Component

• By Chassis System

• By Vehicle Type

• By Material

• Rest of the World

• By Region (South America, Africa)

• By Component

• By Chassis System

• By Vehicle Type

• By Material

Reasons To Buy This Report:

• Market size estimation of the global automotive chassis system market on a regional and global basis

• The unique research design for market size estimation and forecast

• Profiling of major companies operating in the market with key developments

• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment

• By Sub-segment

• By Region/Country

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