Automotive Chassis System Market: Introduction

  • The automotive chassis systems refer to the inner frame of a vehicle. Suspension links, control arms, and knuckles and hubs are the major components of the automotive chassis system. Together, these components form chassis applications, which are front axles, rear axles, corner modules, and kinematics control
  • The automotive industry is one of the flourishing industries and is anticipated to witness significant growth through the forecast period. The automotive chassis systems market is facing a growing demand for lighter and stronger chassis systems. Chassis system made of composite components that make the chassis lighter and stronger. Light weight and aerodynamic chassis system also enhance the fuel efficiency of the vehicle

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Key Drivers and Restraints of Global Automotive Chassis System Market

  • Technological innovation in the automotive chassis system is a key factor driving the demand for automotive chassis systems. Companies manufacturing automotive chassis systems are introducing latest features in the chassis system such as 9-speed automatic transmission. This helps lower fuel consumption significantly. Thus, is encouraging end users to upgrade their vehicle to avail the latest features available in the latest chassis system thus driving the automotive chassis system market in the process
  • Companies manufacturing automotive chassis systems constantly invest in research and development activities for the purpose of innovating new composite materials, which are a mixture of more than one element and are stronger and lighter than traditional components. These chassis systems are much lighter in weight and safer than ordinary chassis systems. Reduction in weight significantly enhances the fuel efficiency of the vehicle. Thus, innovation of this new type of composite material for the manufacture of automotive chassis system is a major driver for the automotive chassis system market.

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Global Automotive Chassis System Market: Segmentation

  • The global Automotive Chassis System market has been segmented based on component type, chassis system, vehicle type, and geographies
  • The global automotive chassis system market by component can be segmented into cross-axis joints, tie-rods, stabilizer links, control arms, and knuckles and hubs. Control arms are expected to dominate the automotive chassis system during 2018 in terms of revenue. The automotive chassis system control arm is a hinged link between suspension and chassis or focal point that holds the wheel. Innovation of the latest lightweight control arms used as automotive chassis system components is driving the automotive chassis system control arms market
  • The global automotive chassis systems market by chassis system can be segmented into: front axles, rear axles, corner modules, and active kinematics. The rear axle segment are anticipated to hold leading share of the rear axle market. The rise of 6x2 axle configuration is a key driver in driving the rear axle market

Global Automotive Chassis System Market: Regional Segmentation

  • Based on region, the global Automotive Chassis System market can be segregated into North America, Asia Pacific, Europe, and Rest of World.  Asia Pacific region held the leading share of the automotive chassis system market in 2018. Increased production of passenger vehicles in the region has spurred the demand of the automotive chassis in the region.

Key Developments

  • American Axle & Manufacturing (AAM) gained the contract to supply front and rear axle of Ram Heavy Duty Truck. America Axle & Manufacturing and Ram have long-term partnership and AAM is a supplier of 2500, 3500, 4500 and 5500 trucks.  AAM has worked to improve the efficiency and weight reduction of chassis for the Ram trucks

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Key Players Operating in Global Automotive Chassis System Market:

  • Continental AG
  • Robert Bosch GmbH
  • American Axle & Manufacturing Inc.
  • Magna International Inc.
  • Benteler International AG
  • ZF Friedrichshafen AG

Global Automotive Chassis System Market: Research Scope

Global Automotive Chassis System Market, by Component

  • Suspension ball joints
  • Cross-axis joints
  • Tie-rods
  • Stabilizer links
  • Control arms
  • Knuckles and Hubs

Global Automotive Chassis System Market, by Chassis System

  • Front axles
  • Rear axles
  • Corner axles
  • Active kinematics control

Global Automotive Chassis System Market, by Vehicle Type

  • Passenger cars
  • LCV’s
  • ICV’s
  • HCV’s
  • Off Road Vehicle
  • Construction Equipment Vehicle
  • Farm Vehicles

Global Automotive Chassis System Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • EU5
    • CIS
    • Scandinavia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Oceania
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of MEA
    • Argentina
    • Others

 

This market research study analyzes the automotive chassis systems market on a global level and provides estimates in terms of revenue (USD billion) from 2018 to 2027. It gives a comprehensive overview of the automotive chassis systems market from all the important aspects of the market. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

Automotive chassis systems market can be segmented by components into Suspension ball joints, Cross-axis joints, Tie-rods, Stabilizer links, Control arms, Knuckles and Hubs. By type of chassis system the automotive chassis systems can be segmented into Front axles, Rear axles, Corner modules and Active kinematics control. By vehicle type the chassis system can be segmented into cars, LCV’s, ICV’s, HCV’s, Off Road Vehicle, Construction Equipment Vehicles and Farm Vehicles. The automotive chassis systems refer to the inner frame of a vehicle. By geography, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). The present market size and forecast till 2027 have been given in the report.

Demand for lighter and stronger chassis system is driving the automotive chassis systems market. The reduction in the weight of the automotive chassis system would also increase the fuel efficiency of the vehicle. Innovative product development and latest features in automotive chassis system are the key features driving the automotive chassis systems market.

Asia Pacific is one of the most attractive regions in automotive chassis systems market. Asia-Pacific is experiencing a steep growth and has been the largest contributor to the growth of the automotive chassis systems market in 2018 globally. Japan, China and India are the potential countries in Asia Pacific region. There is a strong focus on infrastructure development in Asia-Pacific, which is driving the automotive chassis system market as LCV’s, HCV’s and construction equipment vehicles are required for construction activities and for carriage of goods from one location to other. Moreover, the growing business class in China and India is fueling the demand for luxury and premium segment vehicles. Manufacturers of automotive chassis are investing significantly in research and development for innovation of the latest composite components. This would help the manufacturer of automotive chassis systems in manufacturing chassis systems that are lighter and stronger. Latest innovative features such as automotive chassis sensors for the detection of any kind of malfunctioning of any of the components used in the automotive chassis systems are further driving the market. Moreover, India, Japan and China are further boosting the market with the production of huge number of vehicles in the Asia Pacific region. Europe followed Asia Pacific in terms of market attractiveness. Presence of countries like UK, France and Germany has led to considerable growth in the automotive chassis systems market due to change in preference of customers towards smaller and cleaner vehicles. Moreover the downsizing of chassis, use of upgraded aerodynamic designs is further driving the automotive chassis system.

This report provides strategic analysis of the automotive chassis systems market and the growth forecast for the period 2018 to 2027. The duration of the report covers competitive analysis of various market segments based on the types, module and in-depth cross sectional analysis of the automotive chassis system market across different geographic segments. To support the strategic decision making, the report also includes profiling of leading players in the industry, their market share and various strategies adopted by them. Market attractiveness analysis included in the report provides insight into market dynamics and industry competition.

The report also provides company market share analysis of the various industry participants along with company overview, financial overview, business strategies and recent developments in the field of automotive chassis system market. Major market participants profiled in this report include Continental AG, Robert Bosch GmbH, American Axle & Manufacturing Inc, Magna International Inc., Benteler International AG., and ZF Friedrichshafen AG.

The automotive chassis system market has been segmented as follows:

Automotive Chassis Systems Market: By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

The report provides a cross-sectional analysis of all the below segments with respect to the above mentioned regions.

Automotive Chassis Systems Market: By Components

  • Suspension ball joints
  • Cross-axis joints
  • Tie-rods
  • Stabilizer Links
  • Control arms
  • Knuckles and Hubs

Automotive Chassis Systems Market: By Chassis System

  • Front axles
  • Rear axles
  • Corner modules
  • Active Kinematics Control

Automotive Chassis System Market: By Vehicle Type

  • Cars
  • LCV’s
  • ICV’s
  • HCV’s
  • Off Road Vehicles
  • Construction Equipment
  • Defense Vehicles
  • Farm Tractors

 

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