Bharat Book Bureau Provides the Trending Market Research Report on “Global Automotive Chassis Market Forecast to 2025” under Industry & Mfg. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
Increasing demand for better fuel efficiency and increase in sales of commercial vehicles is expected to provide thrust for automotive chassis market growth
The automotive chassis market is estimated to be USD 50.78 billion in 2017 and is projected to reach USD 78.44 billion by 2025, growing at a CAGR of 5.59%. Increased need to reduce the emission levels, the need to reduce the vehicle weight for better fuel efficiency, and the increase in sales of commercial vehicles due to increasing industrialization globally are equally contributing to the increasing sales of automotive chassis.
High cost of light weight material and growing trend of shared mobility are anticipated to constrain the growth of automotive chassis market.
Skateboard chassis: Key chassis type to be used in electric vehicles
The skateboard chassis type is expected to show the fastest growth, followed by monocoque chassis. The electric vehicle should be light weight so that the electric motor employed in it can be used to its optimum level. This type of chassis also allows any kind of body to be built over it, which is highly favorable for the OEMs.
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Monocoque chassis to have fastest growth in Passenger cars segment
The monocoque chassis type is expected to show the fastest growth, followed by ladder chassis. The need to reduce vehicle weight and emission levels is expected to boost the use of monocoque type construction in passenger cars. The increasing demand for crash safety has also led to the growth of the monocoque chassis type.
Passenger cars segment to have the largest share in automotive chassis market, by vehicle type
The passenger cars segment is expected to have the largest market share in automotive chassis market, in terms of volume. Growing production of vehicles and increasing demand of passenger cars in developing nations are the factors contributing to the growth of passenger cars segment. Along with these factors, the improving living standards and the growing buying power of people in developed and developing economies are also contributing to the increasing sales of passenger cars throughout the globe.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type - Tier 1 - 45 %, Tier 2 - 35%, Tier 3 - 20%
- By Designation - C level - 35%, D level - 25%, Others - 40%
- By Region - North America - 38%, Europe - 31%, Asia-Pacific - 23%, RoW - 8%
Major players profiled in the report are as follows:
- Continental (Germany)
- ZF (Germany)
- Magna (Canada)
- Aisin Seiki (Japan)
- Tower International (US)
- Benteler (Germany)
- CIE Automotive (Spain)
- Schaeffler (Germany)
- F-Tech (Japan)
- KLT Auto (India)
- Hyundai Mobis (South Korea)
- Alois Kober (Germany)
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