Automotive Chassis system market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2023-2030). An automotive chassis is the fundamental framework of a vehicle upon which the body, engine, drivetrain, and other components are mounted. It provides the structural support for the vehicle and plays a critical role in its performance, handling, and safety. The increasing vehicles sales is a key contributor to the growth of the global market.
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According to the IEA, global SUV sales were extremely resilient throughout the pandemic, increasing by more than 10% between 2020 and 2021. SUV sales reached to a new high in 2021, in terms of volume and market share, accounting for more than 45% of all new car sales globally. SUV sales are still rising rapidly in several nations, including the US, India, and Europe. And an increasing number of SUVs were electric, accounting for around 16% of total SUV sales in 2022, above the average overall market share for EVs. For the first time ever, electric SUVs last year accounted for over half of global electric car sales.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automotive Chassis System Market by Chassis Type
- Backbone Chassis
- Ladder Chassis
- Monocoque Chassis
- Modular Chassis
Global Automotive Chassis System Market by Vehicle Type
- Passenger Car
- Commercial Vehicle
Global Automotive Chassis System Market by Component
- TIE-RODS
- Stabilizer Links
- Suspension Ball Joints
- Cross-Axis Joints
- Control Arms
- Knuckles & Hubs
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ALOIS KOBER GMBH
- American Axle & Manufacturing Inc.
- Autokiniton Global Group
- Benteler International AG
- CIE Automotive
- F-Tech, Inc.
- Gestamp Automocin S.A.
- Hitachi Automotive Systems Ltd.
- Hyundai Mobis Co., Ltd.
- KLT Group
- Magna International Inc.
- Robert Bosch GmbH
- Schaeffler Group
- Spartan Motors, Inc.
- Tower International, Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive chassis systemmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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