A chassis is the internal framework of a vehicle, which supports the object in its construction and use. It is expected to be light and sturdy. The systems integrate the functions of all the vehicles and have enhanced aerodynamic quality to improve the fuel efficiency and design. The global automotive chassis market was USD 70.61 billion 2018 and is estimated to reach USD 96.61 billion by 2025 at a CAGR of 4.58% during the forecast period
Growth by Region
North America will be the fastest growing market during this forecast period. After North America, Europe, Asia Pacific, Latin America are likely to follow. Emerging countries such as India, China, and Japan are expected to have a huge demand for the cars that have increased the safety features and improved fuel efficiency
Drivers vs. Constraints
The factors leading to the growth of global automotive chassis market are increase sales of automobiles worldwide, overall development of automobile industry and change in consumer preference led by product innovation are likely to contribute to the growth of this industry
Industry Structure and Updates
March 2018 - Hackrod has entered a partnership with Siemens in order to deliver the market an automobile with a 3D printed chassis
July 2018 - Ford has introduced a new Transit Skeletal Chassis cab derivative that provide a versatile, low-height platform for a wide variety of body conversions- ideal for applications ranging from general delivery and distribution to removals