A New Study Sheds Light on What to Expect in the Global Automotive Chassis Market After the COVID Crisis
The global market for Automotive Chassis is projected to reach US$66.7 billion by 2025, driven by stable production of passenger cars and commercial vehicles.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Automotive Chassis market. Report segmentation includes Material (High Strength Steel, Aluminum Alloy, Carbon Fiber Composite); Chassis Type (Monocoque, Modular, Backbone, Ladder); Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles).
10 June 5:58 A.M., California/Marketwire/ - According to the new market research report, the global market for Automotive Chassis is projected to reach US$66.7 billion by 2025, driven by stable production of passenger cars and commercial vehicles. The global Automotive Chassis market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
In the passenger cars sector, the projected demand for electric vehicles (EVs) is acting as a key growth catalyst. A key trend in chassis design and production is the migration towards modular vehicle platforms wherein multiple vehicle models share the same undercarriage design and architecture. In the commercial vehicles sector especially, the need for rapid vehicle prototyping is driving the prominence and popularity of flexible rolling chassis wherein a single base vehicle platform can be used to create several vehicle options. OEMs are now focusing on developing common chassis/platforms that can be shared between hybrid vehicles and fully electric vehicles. The ongoing engineering design focus shed on lightweighting, fuel efficiency and lower emissions, favors continued adoption of the Monocoque chassis. New roles for chassis will emerge as smart cars become increasingly popular and autonomous cars inch closer to commercialization. Interestingly, higher levels of vehicle autonomy will influence chassis design and complexity.
Key Competitors Covered in the Report
AL-KO International Pty Ltd.
Aisin Seiki Co. Ltd.
Autokiniton Global Group
Hitachi Automotive Systems Ltd.
Hyundai Mobis Co. Ltd.
KLT Automotive and Tubular Products Limited
Magna International Inc.
Schaeffler Technologies AG & Co. KG
Spartan Motors Inc.
ZF Friedrichshafen AG
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 1993. Among this pool, 359 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 82 unique participations, a total of 37 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.