Global Automotive Chassis Market is Estimated to Mask a CAGR of 5.8% by 2023
A recent report by KD market insights titled as "Automotive Chassis Market - Market Size, Share, Trends and Forecast 2018-2023" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Automotive Chassis Market competitors share and region wise analysis around the globe.
The automotive chassis market is estimated to mask a CAGR of 5.8% during the projected period. Further, the market was calculated at USD 76.3 billion in 2018 and is likely to reach a notable valuation by the end of the forecast period. The chassis is a framework on which various parts of the automotive are mounted that supports all the body parts of the vehicle. The automotive chassis provides the strength to support a vehicle’s components according to the payload placed upon it. The quality of the chassis enhances fuel efficiency and improve the quality of the vehicle.
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Growth Drivers and Restraints
In this advanced technological era, an increase in the adoption of electric vehicles is boosting the market growth of automotive chassis systems. Additionally, an increase in the price of the fuel is one of the major factors that have contributed to the growth of the electric vehicle in automotive chassis systems market. Soon, the adoption of the electric vehicle is going to increase at a significant rate due to greenhouse emission regulation. In the electric vehicle type, the skateboard chassis will gain a larger market share during the forecast period. Skateboard chassis consists of a frame that is used to hold the massive battery pack.
Furthermore, this chassis system can support different body styles for different applications. Moreover, the main factors that drive the growth of the automotive chassis systems market due to increase in innovations in product design and quality growing demand for automotive chassis systems base technology and consumers shift towards leisure lifestyles are forcing automobile companies on embedding features into their traditional cars. The vehicle materials like aluminum, carbon fiber, and magnesium, are used to reduce the weight without impacting the durability of the chassis. Additionally, in terms of raw material, the market for aluminum alloy is estimated to showcase the highest growth during the forecast period. As aluminum alloy vehicles are more environmentally friendly. During the forecast period, aluminum will gain a larger market share in comparison to other raw materials for manufacturing of chassis systems.
Furthermore, there are different types of chassis available in the market such as - Backbone Chassis, Ladder Chassis, Monocoque Chassis, and others. Among them, monocoque chassis is estimated to hold the largest market share in the automotive chassis systems market. As monocoque chassis makes the vehicles safer and fuel efficient with minimum emission, monocoque chassis is expected to grow a faster rate as compared with other types of chassis. Based on region, the Asia Pacific region is projected to dominate the automotive chassis systems market and China is the strongest country for the automotive chassis in this region. Large population base has increased the automotive chassis activity in China and demand for lighter weight chassis has increased in recent years, which in turn allowing the country to dominate the automotive chassis market in Asia Pacific region. This factor is believed to drive the growth of the automotive chassis market in coming years. However, fluctuating prices of raw material might hinder the growth of the automotive chassis market.
Segmentation
The research offers a comprehensive analysis of automotive chassis market with respect to following sub-markets:
By Component Type
Tie-Rods
Stabilizer Links
Suspension Ball Joints
Cross-Axis Joints
Control Arms
Knuckles & Hubs
Others
By Chassis Positioning
Front Axle
Rear Axle
Corner Modules
Others
By Vehicle Type
Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others
By Chassis Type
Backbone Chassis
Ladder Chassis
Monocoque Chassis
Modular Chassis
Others
By Material Type
High Strength Steel
Aluminum Alloy
Mild Steel
Carbon Fiber Composite
Others
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive landscape
The report profiles various major market players such as,
ZF Friedrichshafen
Magna
Schaeffler
Aisin Seiki
CIE Automotive
Hyundai Mobis
AL-KO Kober
Robert Bosch GmbH
BENTELER International Corporation
Bosch
Other Prominent Players
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
Executive Summary
Growth Drivers & Issues in Global Automotive Chassis Market
Global Automotive Chassis Market Trends
Opportunities in Global Automotive Chassis Market
Recent Industry Activities, 2017
Porter's Five Forces Analysis
Market Value Chain and Supply Chain Analysis
Products Average Price Analysis, By Country
Global Automotive Chassis Market Value (USD Million), 2017-2023
10. Global Automotive Chassis Market Segmentation Analysis, By Component Type
10.1. Introduction
10.2. Market Attractiveness, By Component Type
10.3. BPS Analysis, By Component Type
10.4. Tie-Rods Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Stabilizer Links Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6. Suspension Ball Joints Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.7. Cross-Axis Joints Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.8. Control Arms Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.9. Knuckles Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.10. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11. Global Automotive Chassis Market Segmentation Analysis, By Chassis Positioning
11.1. Introduction
11.2. Market Attractiveness, By Chassis Positioning
11.3. BPS Analysis, By Chassis Positioning
11.4. Front Axle Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.5. Rear Axle Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.6. Corner Modules Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12. Global Automotive Chassis Market Segmentation Analysis, By Vehicle type
12.1. Introduction
12.2. Market Attractiveness, By Vehicle Type
12.3. BPS Analysis, By Vehicle Type
12.4. Cars Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.5. Light Commercial Vehicles Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.6. Heavy Commercial Vehicles Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
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