Automotive Chassis System Market
Automotive Chassis System Market Size and Growth
The automotive chassis system market is experiencing significant growth, driven by advancements in electric vehicle technology and demand for lightweight materials. The market is projected to reach approximately $30 billion by 2027, reflecting a CAGR of around 5%. Key trends include increased automation and integration of advanced safety features in vehicle design.
Companies Covered (Covid 19 Impact Covered)
◍ Continental
◍ Bosch
◍ ZF Group
◍ Magna International
◍ ALF ENGINEERING
◍ BENTELER International
◍ Kalyani Group (Bharat Forge)
◍ Surin Automotive
◍ American Axle & Manufacturing
◍ DuPont
◍ KLT
The automotive chassis system market features major players like Continental, Bosch, ZF Group, and Magna International, focusing on innovative designs and lightweight materials. These companies enhance performance and safety, driving market growth. Sales revenue highlights include:
- Bosch: €78 billion
- Continental: €39 billion
- ZF Group: €41 billion
Overall, collaboration and innovation propel the market forward.
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Market Segmentation
By Application
Light Commercial Vehicles ◍ Heavy Commercial Vehicles
By Product
◍ Front Axles ◍ Rear Axles ◍ Corner Modules ◍ Active Kinematics Control ◍ Passenger Vehicles
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Market Growth
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$ X Billion USD
