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Global Automotive Chassis Market size is predicted to reach $115.4 billion by 2030, growing at a CAGR of 5.5% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Increasing industrial applications of automotive chassis, including their use in sectors like construction, logistics, and heavy machinery, alongside advancements in material sciences and manufacturing technologies, are poised to drive significant market growth, according to IndustryARC’s recent report, are poised to propel the market growth, finds IndustryARC in its recent report, titled “Automotive Chassis Market – By Drive Type (Including Internal Combustion Engine [Diesel, Gasoline], Electric Vehicle [PHEV, HEV, Pure Electric]), By Vehicle Type (Passenger Cars [Small Car, Sedan, SUV, Others], Heavy Commercial Vehicle, Light Commercial Vehicle), By Frame Material (Steel [Advanced High-Strength Steel, High Carbon Steel, Others], Aluminum Alloy, Carbon Fiber Composites, Others), By Level of Autonomy (Level 0, Level 1, Level 2, Level 3, Level 4, Level 5), By Chassis Subsystem (Frame [Monocoque, Ladder, Chassis Rail, Others], Steering [Fly-by-Wire System, Redundant Steering System, Others], Braking [Redundant Braking System, Brake-by-Wire System, Automatic Emergency Braking (AEB) System, Others], Suspension, Tires, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030”
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Asia Pacific to Register Highest Growth:
In 2023, Asia-Pacific led the Automotive Chassis market with a significant share of 36%, surpassing North America and Europe. This leadership is attributed to the region’s swift urban development, booming construction sector, and escalating need for sophisticated security measures across residential and commercial spaces. The region’s robust growth is supported by substantial investments in smart home technologies, a burgeoning middle class, and a growing inclination towards digital security solutions. The increasing adoption of advanced security systems in Asia-Pacific highlights its pivotal role in driving the Automotive Chassis industry forward.
Automotive Chassis Market 2024-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
5.5% |
|
Market Size in 2030 |
$115.4 billion |
|
Segments Covered |
By Drive Type, By Vehicle Type, By Frame Material, By Level of Autonomy, By Chassis Subsystem, By End Use, and By Region |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
1. ThyssenKrupp AG 2. Robert Bosch LLC 3. Hitachi Astemo Americas, Inc. 4. Schaeffler Group USA Inc. 5. HL Mando Corporation 6. Aisin U.S.A. Mfg., Inc. 7. Magna International 8. Continental AG 9. Nexteer Automotive 10. NSK Ltd. |
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Automotive Chassis Market Report – Key Takeaways:
The Automotive Chassis market is witnessing significant growth in residential applications, driven by the rising demand for enhanced home security solutions. Homeowners are increasingly adopting Automotive Chassiss for their convenience and advanced security features, such as remote access, biometric authentication, and integration with smart home systems. The trend towards smart home automation and the increasing awareness of home security are major factors contributing to this growth. Companies focusing on innovative, user-friendly Automotive Chassis designs that cater to the residential market can capitalize on this expanding demand.
The adoption of Automotive Chassiss is expanding rapidly in commercial and hospitality sectors, where security and convenience are paramount. Businesses and hotels are leveraging Automotive Chassiss to enhance security, streamline access management, and improve customer experiences. Features like keyless entry, integration with reservation systems, and customizable access control are particularly appealing in these sectors. The growing trend of digital transformation in commercial spaces and the increasing focus on providing personalized guest experiences in the hospitality industry present significant opportunities for Automotive Chassis manufacturers.
The Automotive Chassis market is benefiting from the growing trend of integrating Automotive Chassiss with broader smart home ecosystems. Consumers are increasingly seeking Automotive Chassiss that can seamlessly integrate with other smart devices, such as security cameras, lighting systems, and voice assistants. This integration not only enhances security but also provides a more cohesive and convenient user experience. As the smart home market continues to grow, the demand for compatible and interoperable Automotive Chassis solutions is expected to rise, offering opportunities for companies to innovate and differentiate their products.
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Key Opportunity Analysis:
Rising Demand for Automotive Chassiss in Smart Home Integration
The smart home market presents significant opportunities for the Automotive Chassis industry, driven by the increasing consumer demand for connected home security solutions. Automotive Chassiss, when integrated with smart home systems, offer enhanced security features, remote access control, and seamless connectivity with other smart devices such as cameras, alarms, and lighting systems. The growing popularity of home automation and the convenience it offers is encouraging homeowners to adopt Automotive Chassiss as part of their security infrastructure. Companies that develop Automotive Chassiss with robust integration capabilities and user-friendly interfaces can capitalize on this expanding market.
Growth in the Commercial Sector with Automotive Chassis Adoption
The commercial sector, including office buildings, retail outlets, and healthcare facilities, is increasingly adopting Automotive Chassiss to enhance security and streamline access management. The demand for keyless entry systems, customizable access controls, and integration with building management systems is driving the adoption of Automotive Chassiss in commercial applications. This trend is particularly strong in urban areas where businesses prioritize security and operational efficiency. Automotive Chassis manufacturers can leverage this opportunity by offering tailored solutions that meet the specific needs of commercial clients, such as advanced authentication methods and analytics.
Expansion in the Hospitality Industry for Enhanced Guest Experiences
The hospitality industry is embracing Automotive Chassis technology to provide guests with a seamless and secure check-in experience. Hotels and vacation rentals are adopting Automotive Chassiss to offer keyless entry, personalized access codes, and integration with mobile apps for easy room access. This technology not only enhances guest satisfaction but also streamlines hotel operations by reducing the need for physical keys and front desk interactions. As the tourism and hospitality sectors recover and grow, the demand for Automotive Chassis solutions in this industry is expected to rise, providing opportunities for manufacturers to innovate and cater to hospitality-specific needs.
Increasing Utilization of Automotive Chassiss in Automotive Applications
The automotive industry is exploring the integration of Automotive Chassis technology for vehicle security and convenience features. Automotive Chassiss in vehicles can offer keyless entry, remote access, and enhanced anti-theft measures. The growing trend towards connected and autonomous vehicles is further driving the demand for advanced security systems, including Automotive Chassiss. This presents a unique opportunity for Automotive Chassis manufacturers to expand their offerings into the automotive sector, developing solutions that can be integrated with existing vehicle systems and provide added value to consumers through increased security and convenience.
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The report also covers the following areas:
Automotive Chassis Market 2024-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
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List of Key Market Players in the Automotive Chassis Market:
The Global Automotive Chassis Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
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Automotive Chassis Market: size is estimated to reach $115.4 billion by 2030, growing at a CAGR of 5.5% during the forecast period 2024-2030.
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