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A Global Study on Automotive Chassis Market by KD market insights provides deep insights about the market by considering 2017 as base year, 2018 as estimated year and 2019-2023 as forecasted period. As per the reports, the market is estimated at a value of USD XXX in 2017 and is expected to garner USD XXX Million by 2023.
Chassis can be defined as the complete car minus the body. It has engine, power-transmission and suspension system. The main drivers of modern chassis system development are complexity, integration and electrification.
There is an enormous increase in electric vehicles production which has been anticipated to be the key factors in the growth of the market size. Also, the new market players demand light and robust chassis system. However, market has seen a lot of fluctuation in the production of raw materials which is likely to hamper the growth of the market.
Industry Insights –
The research report for automotive chassis market do a deep research in context of segments. Currently, the market has been segmented by components, by chassis system and by vehicle type. By components, market is divided as Suspension ball joints, Cross-axis joints, Tie-rods, Stabilizer Links, Control arms, Knuckles and Hubs. By chassis, market has been further sub-segmented into Front axles, Rear axles, Corner modules, Active Kinematics Control. By vehicle type, market is divided into Cars, LCV’s, ICV’s, HCV’s, Off Road Vehicles, Construction Equipment, Defense Vehicles, and Farm Tractors.
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Also, there is a separate region-wise analysis and competition analysis to track and analyze the recent product launches, mergers and expansions done in the favor of target customers. It also includes all the activities done by key market players in recent years.
Light-weight Chassis are on high demand –
The amount of harmful gases from exhaust and fuel by a vehicle increases its weight in the same proportion. So, the government of different countries like UK, India and many more have adopted light-weight and highly efficient chassis in order to increase the fuel efficiency. For instance, Gordon Murray design has introduced new chassis design that is robust and efficient.
Region wise Analysis –
The research provides deep insights about the geographical distribution of the market. The market is segmented into various areas to analyze the overall revenue earned from a particular area. As per the reports, Asia Pacific region is likely to dominate the market in terms of value followed up by North America and Europe.
The demand for light-weight chassis has been considerably increased in the previous years because suppliers are doing both domestic and International business. The growth in Asia Pacific is due to the fact that most of the key organizations in this market are doing more and more investment in countries like India and China.
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Competition Analysis -
Some of the key market players are Continental AG, Robert Bosch GmbH, American Axle & Manufacturing Inc, Magna International Inc., Benteler International AG., ZF Friedrichshafen and Other Major & Niche Key Players.
The competitors are well versed with the requirements the customer demands for. Therefore, they provide CAE simulation and modeling for chassis including frame, suspension, steering, brakes, and wheels. The chassis simulation consists of heat transfer analysis, crash analysis, design optimization etc.