Automotive Chassis System Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2030)

The global automotive chassis system market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2023-2030). The ongoing development in automotive chassis system to meet the increasing demand for fuel-efficient vehicles is a key factor driving the global market. For instance,

in April 2023, Magna International was contracted to build INEOS Automotive's all-new electric SUV, with production scheduled tobegin in 2026 in Graz, Austria. Additionally, Magna will be responsible for the engineering of the entire vehicle. In the same month, ZF announced to invest USD 42.5 million through 2024 to expand its automotive chassis manufacturing capabilities inMexico. The new facility features high-capacity assembly lines for just-in-sequence manufacturing of front and rear axle mounts andcorner module mounts for electric passenger vehicles.

Further,in March 2023, Lamborghini has unveiled the carbon fiber chassis of its upcoming Aventador replacement, using more compositematerials than ever before. The new design is based on integrating as many components as possible, eliminating the need for jointsand welds. Forged composites offer a more efficient manufacturing process without the need for cooling-related energy consumption. In the same month, ZF unveiled a software for an "intelligently networked" chassis system that optimizes the vehicle's longitudinal, lateral,and vertical dynamics. This solution controls all chassis systems and ensures harmonious acceleration, braking, precise steering, andbalanced damping.

Furthermore, in October 2022, Hyundai Mobis announced the delivery of chassis modules for four Mercedes-Benz E-SUVs. This made Hyundai the first supplier of chassis modules for a German luxury carmaker outside of Europe. Such developments are contributing to the global market growth.

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Market Coverage

·        The market number available for – 2023-2030

·        Base year- 2023

·        Forecast period- 2024-2030

Segment Covered- 

       By Chassis Type

       By Vehicle Type 

       By Component

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

Competitive Landscape- includes Gestamp Automocin S.A., Schaeffler AG, Magna International Inc, Continental AG, and Aisin Seiki Co. Ltd. among others.

Automotive Chassis System Market Report Segment

By Chassis Type

       Backbone Chassis

       Ladder Chassis

       Monocoque Chassis

       Modular Chassis

By Vehicle Type

       Passenger Car

       Commercial Vehicle

By Component  

       Tie-Rods

       Stabilizer Links

       Suspension Ball Joints

       Cross-Axis Joints

       Control Arms

       Knuckles & Hubs

A full Report of Automotive Chassis System Market is Available @  https://www.omrglobal.com/industry-reports/automotive-chassis-system-market

Automotive Chassis System Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

       Latin America

       Middle East and Africa 

Company Profiles

·        ALOIS KOBER GMBH

·        American Axle & Manufacturing Inc.

·        Autokiniton Global Group

·        Benteler International AG

·        CIE Automotive

·        F-Tech, Inc.

·        Gestamp Automocin S.A.

·        Hitachi Automotive Systems Ltd.

·        Hyundai Mobis Co., Ltd.

·        KLT Group

·        Magna International Inc.

·        Robert Bosch GmbH

·        Schaeffler Group

·        Spartan Motors, Inc.

·        Tower International, Inc. 

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