Market Overview Market Research Future (MRFR), in its new published research report, asserts that the global automotive chassis market 2020 is thriving and poised to rise exponentially over the review period, securing a substantial market valuation and a healthy CAGR in the forecast period. Drivers and Restraints The key factors that boost the growth of the global automotive chassis system market include an upsurge in demand for a fuel-efficient vehicle, the surge in innovations and technological advancements, and a rise in automobile production. On the contrary, shifting prices of raw material and decreasing vehicle ownership due to growing shared mobility are some of the factors that would impede the growth of the market. However, rising electric vehicle production is anticipated to provide lucrative opportunities for the growth of the market. Also, the development of ultra-light chassis systems, which makes way for new companies to enter the market without much R&D investment, is expected to provide opportunities for market growth. Leading automobile manufacturers are producing chassis systems with innovations and advancements due to increasing demand for premium and improved performance vehicles. Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/5183 Competitive Analysis The major market players operating in the global market as identified by MRFR are Gestamp (Spain), ZF Friedrichshafen (Germany), Continental (Germany), Magna (Canada), Schaeffler (Germany), Aisin Seiki (Japan), Benteler (Germany), CIE Automotive (Spain), Hyundai Mobis (Korea Republic) and AL-KO (Germany), and others. Segmental Analysis The automotive chassis market has been analyzed based on chassis type, material, chassis system, vehicle type, and region. On the basis of chassis type, the automotive chassis market is segmented as monocoque, ladder, modular, backbone, and others. Monocoque chassis type is poised to dominate the automotive chassis market during the forecast period due to its safety and improved fuel efficiency with minimum emission in the environment. On the basis of material, the automotive chassis market is segmented as aluminum alloy, steel, and carbon fiber composite. Aluminum alloy is slated to account for the largest market because of its lightweight. The lightweight of aluminum decreases the weight of the car, thus enhanced safety. The reduction in the weight of the vehicle will lead to improved fuel efficiency which will result in the growth of the market over the forecast period. Based on the chassis system, the market is segmented as axle, corner modules, and active kinematics control. The axle is expected to dominate the market during the forecast period because it holds the significant weight of the vehicle, which upsurges the demand for the axle. The improved safety of the axle will lead to the growth of the automotive chassis market over the review period. Regional Analysis The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).
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