Automotive Chassis Market 2019 Global Forecast to 2023. Global Automotive Chassis Market Information Report by Chassis Type (Backbone, Ladder, Monocoque, Modular, and Others), Material (Steel, Aluminum Alloy, Carbon Fiber Composite), Chassis System (Axle, Corner Modules, and Active Kinematics Control), Vehicle Type (Passenger Car and Commercial Vehicle), and region.
Worldwide rise in sales of automobiles and overall development of automotive industry coupled with advancement in technology is leading to the increasing demand for chassis systems in the global market. Improvement in chassis manufacturing capabilities as a result of industrial development is propelling the growth of the global automotive chassis market.
The recent upgrades in chassis systems that enhance aerodynamic qualities and reduce the overall weight of vehicle to improve fuel efficiency and design are leading to rapid adoption of advanced automotive, resulting in the expansion of the global automotive chassis market.
Increasing disposable income and easy availability of automobiles at lower prices are generating high demand for automobiles all over the world, which in turn is propelling the growth of the global automotive chassis market.
However, high expenditure by automotive companies on research and development of advanced chassis systems is likely to restrain the growth of the global automotive chassis market during the forecast period.
The automotive chassis market has been segmented based on chassis type, material, chassis system, vehicle type, and region. On the basis of chassis type, the market is segmented as backbone, ladder, monocoque, modular, and others. Monocoque chassis type is expected to dominate the automotive chassis market during the forecast period due to its safety and better fuel efficiency with minimum emission in the environment. This property makes it widely used in passenger cars. On the basis of material, the market is segmented as steel, aluminum alloy, and carbon fiber composite. Aluminum alloy is expected to account for the largest market because of its light weight. The lightweight of aluminum reduces the weight of the car, thus improving safety. The reduction in the weight of the vehicle will result in improved fuel efficiency. The increased fuel efficiency will result in the growth of the market during the forecast period. Based on chassis system, the market is segmented as axle, corner modules, and active kinematics control. Axle is expected to dominate the market during the forecast period because it holds the major weight of the vehicle, which increases the demand for the axle. The improved safety of the axle will result in the growth of the automotive chassis market during the forecast period.
Browse More Details On Report At: https://www.marketwatch.com/press-release/automotive-chassis-market-2018-global-industry-share-size-growth-factors-trends-key-country-analysis-and-competitive-forecast-to-2023-2018-07-05
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