Quick Summary:
In a rapidly evolving global automotive industry, identifying opportunities for strategic growth and advancements has never been more critical. Harnessing comprehensive market insights, this report provides a thorough analysis of the expanding automotive chassis systems market. These systems, composed of an engine, power-suspension system, brakes, and a structurally independent frame, are integral to the functionality and safety of automobiles, featuring prominently in vehicles ranging from passenger cars to heavy construction and agricultural equipment.
A significant reason to consider acquiring this market report lies in the ongoing growth and transformation of the sector. Trends indicate an increased demand for safety enhancements, a rise in fuel-efficient and low emission vehicles, and a surge in electric vehicle production, all of which are leading to an amplified demand for innovative and efficient chassis systems. Additionally, we delve into global, regional, and country-level forecast data, key market segmentation, and the competitive landscape, providing an extensive review of major industry players. This report is your key to unlocking valuable insights into the future of the automotive chassis systems market.
The global automotive chassis systems market size reached US$ 84.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 117.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.47% during 2023-2028.
Automotive chassis systems are internal frames that support the vehicle's body parts and are used to grip steering systems and suspension systems. The systems are manufactured using a magnesium alloy, steel, cast iron, and ferrous metal. Backbone, monocoque, ladder, and modular are some of the common types of automotive chassis. They consist of an engine, power-suspension system, brakes, and a structurally independent frame. Automotive chassis systems are widely used to provide strength and support to various vehicular components and keep automobiles rigid and stiff. Control arms, suspension links, knuckles, and hubs are some of the major components of the automotive chassis system. As a result, they are widely used in agricultural equipment, passenger vehicles, construction equipment, light commercial vehicles (LCV), and heavy commercial vehicles (HCV).
2. What is the expected growth rate of the global automotive chassis systems market during 2023-2028?
3. What are the key factors driving the global automotive chassis systems market?
4. What has been the impact of COVID-19 on the global automotive chassis systems market?
5. What is the breakup of the global automotive chassis systems market based on the component?
6. What is the breakup of the global automotive chassis systems market based on the chassis system?
7. What is the breakup of the global automotive chassis systems market based on the vehicle type?
8. What are the key regions in the global automotive chassis systems market?
9. Who are the key players/companies in the global automotive chassis systems market?
Automotive chassis systems are internal frames that support the vehicle's body parts and are used to grip steering systems and suspension systems. The systems are manufactured using a magnesium alloy, steel, cast iron, and ferrous metal. Backbone, monocoque, ladder, and modular are some of the common types of automotive chassis. They consist of an engine, power-suspension system, brakes, and a structurally independent frame. Automotive chassis systems are widely used to provide strength and support to various vehicular components and keep automobiles rigid and stiff. Control arms, suspension links, knuckles, and hubs are some of the major components of the automotive chassis system. As a result, they are widely used in agricultural equipment, passenger vehicles, construction equipment, light commercial vehicles (LCV), and heavy commercial vehicles (HCV).
Automotive Chassis Systems Market Trends:
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Automotive chassis systems are widely used to enhance the safety aspect of the vehicle as they are light, aerodynamic, and ductile. Moreover, various product innovations, such as the development of naturally weighted electric-assist steering and dynamic chassis mode, are providing an impetus to the market growth. Additionally, the widespread adoption of modular and compact chassis systems due to the increasing demand for electric vehicles (EVs) is positively impacting the market growth. Other factors, such as the surging demand for fuel-efficient vehicles and the implementation of various government initiatives for emission control, are anticipated to drive the market growth. Apart from this, the rising demand for low emission and fuel-efficient vehicles and rapid technological advancements in the chassis systems by key players are contributing to the market growth further.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global automotive chassis systems market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on component, chassis system and vehicle type.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
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.Key Questions Answered in This Report
1. How big is the global automotive chassis systems market?2. What is the expected growth rate of the global automotive chassis systems market during 2023-2028?
3. What are the key factors driving the global automotive chassis systems market?
4. What has been the impact of COVID-19 on the global automotive chassis systems market?
5. What is the breakup of the global automotive chassis systems market based on the component?
6. What is the breakup of the global automotive chassis systems market based on the chassis system?
7. What is the breakup of the global automotive chassis systems market based on the vehicle type?
8. What are the key regions in the global automotive chassis systems market?
9. Who are the key players/companies in the global automotive chassis systems market?
Frequently Asked Questions about the Global Automotive Chassis Systems Market
What is the estimated value of the Global Automotive Chassis Systems Market?
What is the growth rate of the Global Automotive Chassis Systems Market?
What is the forecasted size of the Global Automotive Chassis Systems Market?
Who are the key companies in the Global Automotive Chassis Systems Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 84.9 Billion |
| Forecasted Market Value ( USD | $ 117.9 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Automotive Chassis Systems Market
6 Market Breakup by Component
7 Market Breakup by Chassis System
8 Market Breakup by Vehicle Type
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Tables
List of Tables
Companies Mentioned
- 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
Methodology
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