Automotive Chassis Market to grow at a CAGR of 9.7%; Rising production of Electr

Posted by Rushikesh Pise on March 26th, 2020

Fortune Business Insights in a report, titled “Automotive Chassis Market Size, Share & Industry Analysis, By Type (Ladder, Monocoque, Compact Modular, Modular), By Vehicle Type (Passenger Car, LCV, HCV), and Regional Forecast, 2019-2026” inspects the potential of the market based on historical, present, and future prospects. The report offers information on drivers, opportunities, trends, threats, and restraints to help our readers gain an understandable knowledge of the industry. In addition to this, the report provides an elaborative description of all the market segments, helping stakeholders to take investment decisions. Furthermore, the report offers a detailed evaluation of the competitive landscape to help our readers get a clear picture of key players and their strategies.

Automotive manufacturers are increasing their research and development activities to develop cost-effective and light-weight automotive chassis. This is one of the primary factors driving the global automotive chassis market.

The introduction of stringent emissions norms has compelled chassis manufacturers and OEM’s to make light-weight chassis, transitioning the entire chassis design from heavy iron chassis to the light-weight structure. Strict guidelines on vehicular emissions have made it mandatory for manufacturers to reduce vehicle weight, thereby putting emphasis on the automotive chassis system. Growth in technological advancements and innovation is increasing the production of automobiles across the world. This, in turn, is encouraging manufacturers to develop light-weight chassis with an aim to fulfill the increasing need for highly-efficient vehicles. Increasing the production of electric vehicles is another factor complimenting the Automotive Chassis Market growth.