According to a new market report published by Lucintel, the future of the global automotive chassis system market looks promising with opportunities in passenger cars, light commercial vehicles, heavy commercial vehicles, construction equipment vehicles, defense vehicles and farm tractors. The global automotive chassis system market is expected to grow with a CAGR of 6% from 2021 to 2026. The major drivers for this market are growth in the demand for low-emission and fuel-efficient vehicles, financial flexibility for automobile purchase, and rising electric vehicle production.
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In this market, tie-rods, stabilizer links, suspension ball joints, cross-axis joints, control arms, and knuckles & hubs are used in automotive chassis system. On the basis of comprehensive research, Lucintel forecasts that control arms will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the innovation of lightweight control arms used and hinged link between suspension, chassis, and the focal points that holds the wheel.
Within the global automotive chassis system market, the passenger cars segment is expected to witness the highest growth over the forecast period due to the increase in the production of passenger cars, improving standards and increasing buying power in developed and developing economies are contributing in the sales passenger cars.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the introduction of electric-vehicle with improved body frames and chassis systems, and launch of the sports car with enhanced chassis systems for high performance boost the automotive chassis market.
Emerging trends, which have a direct impact on the dynamics of the industry, include innovations and technological advancement in chassis systems, development of ultra-light chassis systems and rise in automotive production. Continental AG, Robert Bosch GmbH, American Axle & Manufacturing Inc., Magna International Inc., Benteler International AG, ZF Friedrichshafen AG, AISIN SEIKI Co., Ltd., Schaeffler AG, Hyundai Mobis and Gestamp are among the major suppliers of the automotive chassis system market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive chassis system market by component, chassis system, vehicle type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Chassis System Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive chassis system market by component, chassis system, vehicle type, and region, as follows:
By Component [Value ($ Million) from 2015 to 2026]:
Tie-Rods
Stabilizer Links
Suspension Ball Joints
Cross-Axis Joints
Control Arms
Knuckles & Hubs
By Chassis System [Value ($ Million) from 2015 to 2026]:
Front Axle
Rear Axle
Corner Modules
Active Kinematics Control
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Construction Equipment Vehicles
Defense Vehicles
Farm Tractors
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
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