Automotive Chassis Market: Key Highlights
Automotive Chassis Market: Key Market Dynamics
Automotive Chassis Market: Regional Overview
The growth in the Asia-Pacific region is attributed to the high production and sales of automobiles. This region has witnessed high penetration of aluminum alloy chassis systems due to the rising adoption of electric vehicles in countries such as China, Thailand, Australia, and Japan which are expected to boost the market growth.
In Europe, the increasing vehicle production, and demand for the lightweight body are expected to propel the demand for automotive chassis market. Furthermore, the current vehicle generation in Europe is 70-140 kg of weight reduction per car which results in saving 982 million liters’ fuel and about 2.3-million-ton reduction in CO2 Emissions. Moreover, innovations made by high-end vehicle manufacturers for chassis technology have also propelled the market growth in Europe.
Automotive Chassis Market: Key Players Overview
Magna International Inc. company manufactures automotive parts. The company offers chassis structures, transmissions, body exteriors, seating, lighting, and fuel systems. In April 2018, the company celebrated the opening of a new body and Chassis manufacturing plant in San Luis Potosí, Mexico.
BENTELER International AG manufactures and develops chassis systems, structures, welded tubes, engines, and seamless tubes. In April 2019, the company had started a development alliance with Robert Bosch GmbH company to develop products and systems of rolling chassis for battery electric vehicles.
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