Global Automotive Chassis Systems Market

Automotive Chassis Systems Market Size, Share, Growth Analysis, By Chassis Type(Backbone Chassis, Ladder Frame Chassis, Monocoque Chassis, andModular Chassis), By Chassis System (Suspension System, Braking System, Steering System, and Sub-frame), By Material(Steel, Aluminum, and Carbon Fiber Composite), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Automotive Chassis Systems Market?

Global Automotive Chassis Systems Market size was valued at USD 136.65 billion in 2022 and is poised to grow from USD 153.28 billion in 2023 to USD 384.15 billion by 2031, growing at a CAGR of 12.17% in the forecast period (2024-2031).

Report ID: SQMIG20I2259 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 92 | Figures: 76

Automotive Chassis Systems Market Regional Insights

The Asia-Pacific (APAC) region has emerged as a dominant force in the global automobile chassis systems market. This dominance can be attributed to the region's substantial automotive production, particularly in countries like China, Japan, and South Korea. The robust growth of the automobile industry in APAC is fueled by favorable government regulations and a strong manufacturing base, making the region a key contributor to the global automotive chassis systems market.

Meanwhile, the Middle East and Africa (MEA) market is projected to witness the fastest compound annual growth rate (CAGR). This growth is driven by increasing car sales, infrastructure development, and growing investments in the automotive sector. As countries in the MEA region focus on economic diversification and industrialization, the automotive industry is expected to expand, thereby boosting the demand for advanced chassis systems.

Automotive Chassis Systems Market Report Snapshots

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Automotive Chassis Systems Market size was valued at USD 136.65 billion in 2022 and is poised to grow from USD 153.28 billion in 2023 to USD 384.15 billion by 2031, growing at a CAGR of 12.17% in the forecast period (2024-2031).

The competitive environment of the Automotive Chassis Systems market is dynamic and characterised by the lively participation of key industry gamers vying for market percentage and technological innovation. Collaboration and strategic partnerships are generic, as organizations are looking for to enhance their product portfolios and technological capabilities. The aggressive surroundings is marked via a focus on studies and development to introduce advanced chassis answers, addressing the enterprise's evolving needs for light-weight, durable, and technologically sophisticated structures. 'ZF Friedrichshafen AG', 'Continental AG', 'Magna International Inc.', 'Aisin Seiki Co., Ltd.', 'American Axle & Manufacturing Holdings, Inc.', 'Benteler International AG', 'Schaeffler AG', 'Faurecia', 'BorgWarner Inc.', 'Gestamp Automoción', 'Hyundai Mobis', 'Martinrea International Inc.', 'Tower International', 'CIE Automotive', 'Dana Incorporated', 'Valeo SA', 'Plastic Omnium', 'Meritor, Inc.', 'Benteler Automotive', 'Tenneco Inc.'

The chronic emphasis on light-weight automobile designs to enhance gasoline performance and reduce emissions. Advancements in chassis materials and structures contribute to reaching these goals.

Rising Adoption of Advanced Packaging Technologies: The growing integration of Advanced Driver Assistance Systems (ADAS) into chassis additives, enhancing protection capabilities and contributing to the development of semi-self sufficient and self reliant motors. Another key trend includes the rising adoption of lightweight substances, consisting of advanced excessive-energy metal and aluminum alloys, to obtain better gasoline efficiency without compromising structural integrity. Electric and hybrid car proliferation is influencing chassis design to deal with new powertrain configurations, aligning with the automotive industry's shift in the direction of electrification.

The Asia-Pacific (APAC) region has emerged as a dominant force in the automobile chassis systems market. This dominance can be attributed to the region's substantial automotive production, particularly in countries like China, Japan, and South Korea. The robust growth of the automobile industry in APAC is fueled by favorable government regulations and a strong manufacturing base, making the region a key contributor to the automotive chassis systems market.

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Automotive Chassis Systems Market Regional Insights

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