The automotive chassis system is the internal frame that wires all the body parts of the vehicle. The automotive chassis system is expected to be aerodynamic, light, and ductile. These qualities of the automotive chassis system enhance fuel efficiency and advance the quality of the vehicle. The automotive chassis systems assimilate the functions of all the vehicles in different systems. There are extra features available in the automotive chassis systems such as automatic fault detection, which warns the driver about any malfunction in the system.
MARKET SCOPE
The "Global Automotive Chassis Systems Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive chassis systems market with detailed market segmentation by chassis type, material, vehicle type, and geography. The report provides key statistics on the market status of the leading automotive chassis systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on chassis type, the global automotive chassis systems market is segmented into backbone chassis, ladder chassis, monocoque chassis and modular chassis.
- On the basis of material, the market is segmented into high strength steel, aluminium alloy, mild steel and carbon fiber composite.
- Based on vehicle type, the global automotive chassis systems market is segmented into passenger car and commercial vehicle.
MARKET DYNAMICS
Drivers:
- The increasing demand for fuel-efficient vehicles, increasing in automobile production, and up-surge in innovations and technological advancements are some of the significant factors driving the growth of the automotive chassis system market.
- Increasing electric vehicle production is anticipated to generate new opportunities for the growth of the automotive chassis system market.
Restraints:
- Price fluctuation of raw material and decreasing vehicle ownership owing to increasing shared mobility are the factors which may restrain the growth of the automotive chassis system market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive chassis systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive chassis systems market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE CHASSIS SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the automotive chassis systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive chassis systems market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive chassis systems in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive chassis systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AISIN SEIKI Co., Ltd.
- ALOIS KOBER GMBH
- BENTELER International
- CIE Automotive
- Continental AG
- F-TECH INC
- Magna International Inc.
- Schaeffler Technologies AG and Co. KG
- Tower International
- ZF Friedrichshafen AG