Market Snapshot:
Chassis is basic fundamental building block for a vehicle which accommodates engine, transmission, suspension and others systems. The chassis and body of the vehicle are actually one piece and function together as the base of the car. Typically vehicle chassis and frames are made from carbon steel or aluminium alloys to achieve a more light-weight construction. The demand for automobile chassis is expected to increase in the forecasted period owing to the rise in demand for vehicles with better mileage and surging demand for the vehicle in emerging countries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Continental (Germany), ZF Friedrichshafen (Germany), Magna (Canada), Schaeffler (Germany), Aisin Seiki (Japan), CIE Automotive (Spain), Benteler International (Germany), Hyundai Mobis (Korea Republic), AL-KO (Germany), Tower International (United States), American Axle & Manufacturing, Inc. (United States), F-Tech (Japan), KLT Auto (India), Shanghai Huizhong (China) and Robert Bosch (Germany) |
CAGR | 5.87% |
Segment Analysis
AMA Research have segmented the market of Global Automobile Chassis market by Type, Application and Region. On the basis of Type, Monocoque Chassis are dominating the market in the year 2022
On the basis of geography, the market of Automobile Chassis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Focused on Advanced Chassis Design to Reduce Carbon Emission and Growing Adoption of Carbon Fiber in Chassis Design for Durability
Market Drivers
Rising Sales of Commercial Vehicles with Advanced Chassis Design, Growing Demand for Light Weight Chassis to Gain Better Efficiency and Increasing Demand for Vehicles With Better Mileage
Opportunities
Growth in Electric and Hybrid Vehicles Sales and Increase in Manufacture of Monocoque Chassis Design to reduce Material Waste
Restraints
- High Cost and Procurement of Raw materials
In addition to the aforementioned factor, Rising Sales of Commercial Vehicles with Advanced Chassis Design
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Continental (Germany), ZF Friedrichshafen (Germany), Magna (Canada), Schaeffler (Germany), Aisin Seiki (Japan), CIE Automotive (Spain), Benteler International (Germany), Hyundai Mobis (Korea Republic), AL-KO (Germany), Tower International (United States), American Axle & Manufacturing, Inc. (United States), F-Tech (Japan), KLT Auto (India), Shanghai Huizhong (China) and Robert Bosch (Germany). A lot of German and Chiniese players are profiled in the research study indicating a strong market dependence.