Press release
Automotive Chassis Systems Market Size, Share Report | 2022-2027 | Industry Demand and Global Analysis
Market Overview:
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.
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Automotive chassis systems are an essential component of vehicles, serving as internal frames that support body parts and grip steering and suspension systems. They are made of steel, cast iron, ferrous metal, and magnesium alloy and come in different types, such as backbone, monocoque, ladder, and modular. They provide strength and support to vehicular components, ensuring that vehicles remain rigid and stiff. They are commonly used to stabilize and support various vehicular components. As a result, automotive chassis systems find extensive applications in passenger vehicles, agricultural equipment, construction equipment, light commercial vehicles (LCV), and heavy commercial vehicles (HCV) industries across the globe.
Market Trends:
The global automotive chassis systems market is primarily driven by rapid growth in the automotive industry. Moreover, the rising use of automotive chassis systems in enhancing vehicle safety due to their lightness, aerodynamics, and ductility is positively influencing the market growth. Additionally, numerous product innovations, including the introduction of naturally weighted electric-assist steering and dynamic chassis mode, have catalyzed market growth.
Furthermore, the surging adoption of modular and compact chassis systems owing to increasing demand for electric vehicles (EVs) is contributing to the market growth. Other factors, including rising demand for fuel-efficient vehicles, implementation of favorable government initiatives, and rapid technological advancements, are also anticipated to drive the market further.
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Automotive Chassis Systems Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global automotive chassis systems market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Aisin Corporation
• American Axle & Manufacturing Inc
• Gestamp Automoción S.A.
• Hyundai Mobis Co. Ltd
• Magna International Inc
• Autokiniton US Holdings Inc.
• Benteler International AG
• Continental AG
• Robert Bosch GmbH
• Schaeffler AG
• ZF Friedrichshafen AG.
Key Market Segmentation:
The report has segmented the global automotive chassis systems market based on component, chassis system, vehicle type and region.
Breakup by Component:
• Control Arms
• Tie-Rods
• Stabilizer Links
• Suspension Ball Joints
• Cross-Axis Joints
• Knuckles and Hubs
• Others
Breakup by Chassis System:
• Rear Axle
• Front Axle
• Corner Modules
• Active Kinematics Control
• Others
Breakup by Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Construction Equipment Vehicles
• Defense Vehicles
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Key Questions Answered in This Report:
• How has the global automotive chassis systems market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global automotive chassis systems market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the chassis system?
• What is the breakup of the market based on the vehicle type?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global automotive chassis systems market and who are the key players?
• What is the degree of competition in the industry?
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
About Us:
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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