Automotive Chassis Systems Market Share 2022-27: Industry Analysis, Size, Growth, Recent Trends and Forecast Report

The latest research study “Automotive Chassis Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

An automotive chassis system refers to the foundation structure that supports the vehicle parts and provides a grip to the steering and suspension system. It consists of an engine, brakes, a power-suspension system, and a structurally independent frame. It is also manufactured using cast iron, steel, ferrous metal, and magnesium alloy, offering strength and support to various vehicular components while keeping automobiles rigid and stiff. Owing to these properties, automotive chassis systems are widely used in agricultural equipment, passenger vehicles, light commercial vehicles (LCV), construction equipment, and heavy commercial vehicles (HCV).

Global Automotive Chassis Systems Market Trends and Drivers:

The market is primarily driven by the expanding automotive industry across the globe, as automotive chassis systems are extensively used to improve the safety of the vehicle due to their lightweight, ductile, and aerodynamic properties. In addition, various technological advancements, such as the development of naturally weighted electric-assist steering and dynamic chassis mode, represents another major growth-inducing factor. Besides this, manufacturers are widely adopting modular and compact chassis systems due to the increasing demand for electric vehicles (EVs). Furthermore, the escalating demand for low emission and fuel-efficient vehicles and the implementation of several government initiatives to control carbon emissions are also propelling the market growth.

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Automotive Chassis Systems Market Report Scope

Report Coverage

Details

Market size value in 2021

US$ 80.14 Trillion

Market forecast in 2027

US$ 112.02 Trillion

Growth Rate

CAGR of 5.60% from 2022 to 2027

Base year for estimate

2021

Historical data

2016-2021

forecast period

2022-2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Component, Chassis System, Vehicle Type and Region

Regional scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Key companies profiled

Aisin Corporation, American Axle & Manufacturing Inc, Autokiniton US Holdings Inc., Benteler International AG, Continental AG, Gestamp Automoción SA, Hyundai Mobis Co. Ltd, Magna International Inc, Robert Bosch GmbH, Schaeffler AG and ZF Friedrichshafen AG.

Market Dynamics

Parent market analysis, Market growth drivers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.

Report Segmentation:

The report has been segmented the market into following categories:

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

By Geography:

North America

oh United States

oh Canada

Asia Pacific

oh China

oh Japan

oh India

oh south korea

oh Australia

oh indonesia

oh others

Europe

oh Germany

oh France

oh United Kingdom

oh Italy

oh Spain

oh Russia

oh others

latin america

oh Brazil

oh Mexico City

oh others

Middle East and Africa

List of Major Key Players:

The major players in the market are Aisin Corporation, American Axle & Manufacturing Inc, Autokiniton US Holdings Inc., Benteler International AG, Continental AG, Gestamp Automoción SA, Hyundai Mobis Co. Ltd, Magna International Inc, Robert Bosch GmbH, Schaeffler AG and ZF Friedrichshafen AG.

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.

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