Global Automotive Chassis Market 2018-2022 | Key Facts and Figures | Technavio

Technavio has published a new market research report on the global automotive chassis market from 2018-2022. (Graphic: Business Wire)

LONDON--()--The global automotive chassis market is expected to post a CAGR of close to 4% during the period 2018-2022, according to the latest market research report by Technavio. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

A key factor driving the growth of the market is the advanced chassis design that leads to weight reduction of vehicles. Weight reduction has become a crucial factor for automotive OEMs while designing new models. The growing demand for efficient and high-performance vehicles has made weight an important parameter as weight reduction significantly enhances a vehicle’s performance. In addition, this trend is more visible in EVs, where manufacturers constantly look for weight reduction as a medium to increase the mile range. Chassis consists of engine, brakes, steering system, and wheel mounted on the frame, differential, and suspension. Therefore, it forms a crucial part of the vehicle, and conventional chassis tend to be heavier, which impacts the vehicle’s performance.

This market research report on the global automotive chassis market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the development of multi-material chassis construction as one of the key emerging trends in the global automotive chassis market:

Global automotive chassis market: Development of multi-material chassis construction

The automotive industry is witnessing ideas related to vehicle weight reduction as pressure from regulators and growing customer demands is mounting on the automotive OEMs. Advanced materials like aluminum, carbon fiber, and magnesium are considered ideal materials for chassis manufacturing to reduce weight and maintain durability, compared to conventional steel-based chassis. The latest development is in the form of multi-material chassis, which does not rely on single material for chassis manufacturing.

“Companies such as Audi, have adopted the industry-first chassis development in the automotive industry. It has introduced multi-material chassis. Audi spaceframe chassis incorporated magnesium, aluminum, and CFRP, along with conventional steel throughout its structure. Aluminum comprised the largest portion of the chassis with 58%,” says a senior analyst at Technavio for research on automotive manufacturing.

Global automotive chassis market: Segmentation analysis

This market research report segments the global automotive chassis market by vehicle type (passenger cars and commercial vehicles).

The passenger cars segment held the largest market share in 2017, accounting for nearly 77% of the market. This vehicle type segment is expected to dominate the global market throughout the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

The global automotive chassis market is expected to post a CAGR of almost 4% during 2018-2022, according to the latest research report by Technavio.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200