Automotive Chassis Market - Forecast(2020 - 2025)
Prapul Palli
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The Automotive Chassis market is expected to grow at a CAGR of 7%. Due to constant improvement in the Chassis manufacturing and material selection it will increase the competition in the automobile sector. Aluminum Chassis has the highest revenue generation. In addition, fiber and resin based material is expected to take over the market in future. Manufacturers are focusing on alternate material to product cost efficient, and high strength chassis.
Chassis are used for providing the base for the automotive parts to be placed. It is like a skeleton of the automobile which upholds the automotive parts. These are widely used in Internal Combustion Vehicles, Electric Vehicles and Hybrid Vehicles. It comes in different shape and size with different material compositions. Space Frame is the most commonly and widely used Chassis around the automobile Industry. As it provides vast area for the automotive parts. Usually we see these type of chassis in four wheelers. Ladder frame and Rail frame are the chassis frame which is used for heavy vehicles due to its high strength and load resistance.
Incorporation of new technologies in modern cars and heavy vehicles are rapidly catching up upon consumer preference and regulatory market. Due to this there is a horde of competition between the rival manufacturers for producing the light weight, good support to the body and payload with torsional flexibility. Magnesium alloy and resin based material such as carbon fiber, conductive fiber and conductive powder is being used to provide more strength to the chassis for bearing the payload and support to the body. Adhesive bonding is the process used to join the two end part of the chassis which in term is reducing the cost and providing the high strength to the chassis compare to traditional welding.
The companies referred in the Automotive Chassis market research report are Hyundai Mobis, Honda, Hitachi Automotive system, Auto/steel partnership Organization and 10 other companies.