Report Code: A13475 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Chassis Module Market
Request Now !The chassis module is an assembled frame module on which the vehicle body and powertrain are mounted and is located on the lower part of the vehicle, consisting of the suspension, steering, and brakes. The global chassis module market is projected to grow at a promising rate in the upcoming years. Surge in demand for chassis modules from varied application segments is estimated to safeguard the expansion of the market during the forecast period.
Rapid industrialization and construction across the emerging economies globally are some of the key factors fostering the growth of the market. The demand for the chassis module market is projected to grow in the regions of Africa, Europe, Middle East, and Asia-Pacific because of the technological advancement in the field of construction and automotive electronics market.
Market Scope and Structure Analysis
The chassis module provides the strength to support a vehicle's components and the load placed upon it. The suspension system is also connected with it and contains the shock absorbers, springs, and other components that allow the vehicles to pass over.
The construction site refers to heavy material processing to create an infrastructure. Thus, it requires a lot of heavy vehicles to carry out the work. Stored suspensions and chassis modules are required for smooth infrastructural work. Chassis modules are also used in the automotive electronic system which is carried out inroads. This boosts the growth of the market
COVID-19 Impact analysis
Top Impacting Factors
The top impacting factor which drives the chassis module market growth is the increase in the demand for fuel-efficient vehicles. In addition, innovations and technological advancements in automotive electronic vehicles boost the market growth. Vehicles will be more productive as the chassis will get lighter in weight. However, rise in electric vehicle production is anticipated to provide lucrative opportunities for the growth of the market. Emission of harmful gases due to fuel consumption limit the market growth.
Market Trends
Key Benefits of the Report
Chassis Module Market Report Highlights
Aspects | Details |
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By Material |
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By Application |
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By Region |
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Key Market Players | Schaeffler AG, American Axle & Manufacturing, Inc., Benteler International AG, Hyundai Mobis, Continental AG, AISIN SEIKI Co., Ltd., ZF Friedrichshafen AG, Gestamp., Robert Bosch GmbH, Magna International Inc. |
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