Chassis Market Trends: Rising production of Electric Vehicles Across the World t

Posted by Rushikesh Pise on January 10th, 2020

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. As per the report, the global automotive chassis market for passenger cars was at 71.6 Million units in the year 2018 and is anticipated to exhibit a healthy CAGR of 9.7% through the forecast years. 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 light-weight structure.

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.

To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here:

https://www.fortunebusinessinsights.com/industry-reports/automotive-chassis-market-101581

This type of chassis is an advanced and detachable chassis and is widely adopted in the passenger car designs. Moreover, modular chassis can be customized as per the design of the vehicle. These chassis are majorly used in electric vehicles and can be easily adapted to upcoming technologies and designs. Against this backdrop, the life-span of modular chassis can increase, which in turn, can save the cost of chassis development.