Automotive Chassis Systems Market to Witness Surge in Demand Owing to Rising End-use Adoption

The chassis is a framework of the automotive structure on which various parts of the automobile are mounted. The chassis of the automobile is made of such a material which have sufficient strength to bear the weight of the car and a bit flexible to sustain the tension and shocks which are caused by turning and track conditions.

It is the chassis on which all the systems of the automobile such as steering assembly, the suspension system, the braking system, the body of the automobile etc is attached. The chassis system arrangements include active kinematics control, corner modules, rare axle, and front axle.

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In the recent years, the manufacturers are more focused towards decreasing the weight of the chassis which will eventually decrease the carbon emission moreover it will also lead to increase in efficiency of the vehicle. So research and development are being carried out in this field to manufacture more efficient and lighter chassis Systems with optimum strength and flexibility.

FACTS AT A GLANCE

Companies: American Axle & Manufacturing,Robert Bosch GmbH,ZF Friedrichafen,Magna International Inc.,Aisin Seiki Co.,Continental AG,Hyundai Mobis,Schaeffler AG,Benteler International AG,American Axle & Manufacturing

Coverage: All major geographies and key segments

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Segments: Automotive Chassis Systems Market Segmented By vehicle type that is Passenger vehicle, Light commercial vehicle (LCV), Agricultural equipment, Heavy commercial vehicle (HCV), Construction equipment, also by component that is Cross-axis joints, Tie-rods, Suspension ball joints, Knuckles and hubs, Control arms, Stabilizer links, also by chassis system that is Active kinematics control, Corner modules, Rear axle, Front axle also by material type that is Steel, Aluminum alloy, Carbon fiber composite and by type of chassis such as Modular, Monocoque, Ladder, Backbone.

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

The main factor behind the growth of the automotive chassis systems market is the rising expansion and production in the automobile manufacturing sector across the globe. It is the research and development which is carried out on chassis systems material which has significantly decreased the weight of the vehicle increasing its efficiency in the recent years.Also, the increasing focus of the companies to decrease the weight of the vehicle without compromising with its efficiency expected to increase the demand for the chassis systems of lighter materials. Apart from this, the chassis systems is an integral component of the automotive, and hence, the development of automobile industries will also add up to the growth of the global automotive chassis systems market.

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