Automotive Chassis Market - Forecast(2024 - 2030)
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The global automotive chassis system market was valued at $76,373 million in 2023 and is projected to reach $120,510 million by 2032, registering a CAGR of 5.7% from 2024 to 2032.
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Asia-Pacific accounted for the highest revenue share in the global automotive?#chassis?system market in 2017. Chassis is the internal frame that supports all the body parts of the vehicle. It is expected to be light, #aerodynamic, and ductile. These qualities of the chassis enhance the #fuel efficiency and improve the quality of vehicle. The chassis systems integrate the functions of all the vehicles in different systems. There are additional features available in the chassis systems such as automatic fault detection, which alerts the driver about any malfunction in the system.
The main factors that drive the growth of the global #automotive #chassis #system market include increase in demand for fuel-efficient vehicle, surge in innovations and #technological advancements, and rise in #automobile production. On the contrary, #fluctuating prices of raw material and decreasing vehicle ownership due to increasing shared mobility are some of the factors that would restrain the growth of the market. However, rising #electric vehicle production is anticipated to provide lucrative opportunities for the growth of the market. Also, the development of ultra-#light chassis systems, which makes way for new companies to enter the market without much R&D investment, is expected to provide opportunities for the market growth.
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Emission of harmful gases from exhaust and amount of fuel combusted by a vehicle is directly proportional to its #weight. Therefore, government of UK, India, Germany, China, and others have enacted stringent rules for emission control, which in return results in increased demand for low emission & fuel-efficient #vehicles.
?????? ?????????????? ?????? ?????????????? ?????? Schaeffler | Piston Automotive | Gestamp North America | Tower International | Federal-Mogul Motorparts | Fori Automation, LLC A Lincoln Electric Company | Hyundai Mobis North America | TI Fluid Systems | Hitachi Automotive Systems | Android Industries | AVX Corporation | BILSTEIN of America, Inc. | AUTOKINITON | North American Stamping Group | dlhBOWLES | Schaeffler | MOBIS Parts America | Race Winning Brands | Bocar Group