Automotive Chassis Market Is Projected to Reach Around USD 85.3 Billion by 2027

The Global Automotive Chassis Market is projected to reach around USD 85.3 billion by 2027 at a CAGR of around 5.3%.

The automotive chassis is a frame on which various mechanical components such as tires, engine, brakes, axle assemblies, steering, and others are attached to support the main structure of the vehicle. Chassis are made of various materials like steel, aluminium, magnesium, titanium, composite plastics, and others. This system helps the vehicle to be stiff, rigid, and unbending and also provides the strength required to support the vehicular components.

Get Sample Copy of This Report @ https://www.forencisresearch.com/automotive-chassis-market-sample-pdf/

AUTOMOTIVE CHASSIS MARKET: Drivers & Restraint

Market Driver:

Increasing Need for Lowering CO2 Emission

Automotive manufacturers are focusing on designing lightweight components that make the vehicle lighter and also helps in achieving low emission and fuel efficiency. The total weight of chassis accounts for about 30–40%, so the use of lightweight materials can decrease the overall cost of the vehicle. Materials like aluminum, magnesium, carbon fiber reinforced plastics (CFRP), bio composites involving bio fibers, lightweight polymer composites and titanium are used due to their lightweight, durability, and resistance to abrasion, among others. For instance, the current vehicle generation in Europe is 70–140 kg of weight reduction per car which results in saving 982 million liters’ fuel and about 2.3-million-ton reduction in CO2 Emissions.

Therefore, the increasing need for lowering CO2 emission is expected to drive market growth during the forecast period.

Growing Vehicle Production

In 2018, India, Malaysia, Thailand, Russia and among others are the prominent countries that have shown positive growth of 8%, 12.2%, 9%, 13.9%, respectively. Due to the rise in vehicle production and economic growth in these regions, there will be an increase in demand for the automotive chassis market. Moreover, the rise in automobile production in developing nations has increased the usage of lightweight materials which is indirectly propelling the market growth.

Thus, the growing vehicle production is anticipated to boost the market growth during the forecast period.

Request Report Methodology On Competition On Global Automotive Chassis Market Here @ https://www.forencisresearch.com/automotive-chassis-market-request-methodology/

Market Restraint:

Fluctuating Raw Material Prices

The raw materials used for the manufacturing of the automotive chassis system consist of aluminum alloys, carbon steel, magnesium, and others. Price fluctuations of raw materials, uncertain shortages, and supply-demand gaps have a negative impact on automotive manufacturers. Moreover, the lack of a constant supply of raw materials results in increasing raw material prices which, escalates the overall product price.

Hence, the fluctuating raw material prices are expected to restrain the market during the forecast period.

Automotive Chassis market: Key segments

• Based on Type: Ladder Chassis, Backbone Chassis, Monocoque Chassis, Tubular Chassis, and Combination Chassis.
• Based on Material: Steel, Aluminum, Carbon Fiber Composite, Magnesium, Titanium, and Others.
• Based on Vehicle Type: Internal Combustion Engine (ICE), Electric Vehicles and Others.
• Based on Region Covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Automotive Chassis MARKET: Report SCOPE

The report on the automotive chassis market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Automotive Chassis Market include:

• Continental AG (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• ZF Friedrichshafen AG
• Magna International Inc.
• Schaeffler AG
• AISIN SEIKI Co., Ltd
• CIE Automotive
• HYUNDAI MOBIS
• BENTELER International AG
• AL-KO
• Tower International
• Other Key Companies

Consult with an Analyst @ https://www.forencisresearch.com/automotive-chassis-market-consult-with-an-analyst/

Automotive Chassis MARKET: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Automotive Chassis Market, by Type

• Ladder Chassis
• Backbone Chassis
• Monocoque Chassis
• Tubular Chassis
• Combination Chassis

Automotive Chassis Market, by Material

• Steel
• Aluminum
• Carbon Fiber Composite
• Magnesium
• Titanium
• Others

Automotive Chassis Market, Vehicle Type

• Internal Combustion Engine (ICE)
• Electric Vehicles
• Others

Automotive Chassis Market by Region

• Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
• North America (US, Canada, Mexico)
• Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
• South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

• What are the prominent developments affecting the market globally and its growth?
• What will be the impact of the developments in the market on the industry and the market players in the future?
• What are the evolving variations of the market worldwide?
• What are the evolving functions of the market globally?
• What are the prominent aspects that will affect market growth globally during the study period?
• Who are the key players operating in the market across the world?
• How are the key players leveraging in the present market scenario globally?

Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/automotive-chassis-market-purchase-now/

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

Contact Us

FORENCIS RESEARCH

Phone: +1 (720) 306 9020

Email: info@forencisresearch.com

For more market research insights, please visit https://www.forencisresearch.com