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Chassis Module Market Size, Share & Trends Estimation Report By Type Outlook (Steel, Aluminum, Fiber, Other), By Application Outlook (Anti-lock braking system, Traction Control System, Electronic Brake Distribution, Electronic Stability Program), By Sales Channel Outlook (Original Equipment Manufacturers (OEMs), Aftermarket Sales, Online Retail), Region and Forecasts, 2023 - 2030
Market Overview:
Global Chassis Module Market is anticipated to reach US$ 81.06 Bn by 2030 from US$ 54.79 Bn in 2022 at a CAGR of 6.2% during a forecast period.
The market for chassis modules is a big part of the automotive business. It is an important part of a vehicle's structure and helps keep it stable. The frame module is the base for the vehicle's body, suspension, and other important parts, making sure they work together and fit together well.
One of the main things that is driving the rise of the chassis module market is the rising demand for vehicles that are lighter and use less gas. Automakers are always looking for ways to make cars lighter so that they use less gas and give off less pollution. Lightweight chassis modules, like those made of aluminum and advanced alloys, are becoming more popular because they have a better strength-to-weight ratio and help reduce the weight of the whole vehicle.
Electric cars (EVs) are becoming more and more popular, which is another trend that is changing the chassis module market. Because EVs have high-capacity batteries, the frame needs to be built in a different way. Chassis sections made just for electric platforms make the best use of space, integrate batteries, and have more rigid structures to support the heavier battery packs.
The chassis module market is also driven by safety and efficiency of vehicles. New chassis technologies like advanced suspension systems, active braking, and electronic stability control make cars easier to drive, more comfortable, and safer. Manufacturers are putting money into new chassis designs in order to meet strict safety rules and improve the driving experience generally.
There are a lot of global and local players in the chassis module market, so it is a very competitive market. These companies are always putting money into research and development to find new ways to make frame modules. Collaborations and partnerships with car OEMs (Original Equipment makers) are common ways for chassis module makers to grow their market presence and gain a competitive edge.
Also, mechanization and digitalization are becoming more common in the market. Robotics and automation are two examples of advanced manufacturing technologies that are being used to improve the speed and quality of production. Also, digital solutions like modeling tools and virtual prototyping help improve the designs of chassis modules, shorten the time it takes to make them, and cut costs.
The chassis module market is growing in many different parts of the world, such as North America, Europe, Asia-Pacific, and the rest of the world. China and India, two of Asia's emerging economies, are seeing a big increase in the number of cars they make, which is driving the market for chassis modules in these places.
Overall, the chassis module market is driven by the need for lighter and more fuel-efficient vehicles, the rise of electric vehicles, safety and performance requirements, fierce competition among market players, technological advances, and the growth of automotive production in key areas.
Market Dynamics:
Trends: Lightweight chassis elements have been developed by automakers in order to conserve fuel and reduce pollution
Automakers have put a lot of effort into making chassis parts that are light because they can help save fuel and cut pollution. In recent years, chassis sections have been made more and more out of lightweight materials like aluminum, high-strength steel, and composites.
Aluminum is popular because it has a low density and is strong for how much it weighs. This makes it a great choice for reducing the weight of a car. Compared to traditional steel, it saves a lot of weight while keeping the same structural strength and safety standards. Aluminum frame parts can help make a car lighter, which saves money on gas and cuts down on greenhouse gas emissions.
Another lightweight material that has become popular in chassis module building is high-strength steel. It makes the structure stronger and more stiff, so it can be made lighter without sacrificing safety. Modern ways of making things, like hot stamping and tailoring blanks, make it possible to make high-strength steel parts with complicated forms, which helps them save even more weight.
Composites, like carbon fiber-reinforced polymers (CFRP), are much stronger and stiffer than standard materials, but they are also much lighter. CFRP frame parts are good because they don't rust and can be designed and made to work in many different ways. But because they are more expensive to make, they aren't used in as many cars as they could be. Still, improvements in how composites are made and attempts to lower costs are making composites a better choice for lightweight chassis applications.
By making chassis modules out of lighter materials, automakers can make cars lighter without sacrificing safety or speed. The lighter weight helps the vehicle use less gas, which lowers the amount of energy it needs to move and, in turn, reduces carbon dioxide pollution. Also, reducing the weight of a car can make it easier to drive, more agile, and better overall.
It's important to keep in mind that the use of lighter chassis materials is an ongoing process that is driven by technology advances and pressure from government regulations to improve fuel economy and reduce emissions. Automotive companies, suppliers of materials, and researchers are always looking for new materials and more advanced ways to make things in order to make chassis sections even lighter.
Electric Vehicle (EV) Integration
As electric cars (EVs) become more popular, automakers have been putting a lot of effort into designing and improving chassis modules for EV platforms. These modules are designed to meet the special needs of electric drivetrains and big battery packs while keeping the vehicle's structure sound and giving it the support it needs.
Large battery packs are one of the most important things to think about when making an EV body. The weight, size, and shape of the battery packs, which are usually in the floor of the car, are taken into account when designing these chassis modules. By building the battery pack into the chassis, the center of gravity is lowered, which makes the car more stable and easier to control.
Also, the sections that make up an EV's chassis are made to support and protect the parts of the electric drivetrain. Electric motors, inverters, and power systems need to be mounted securely in the chassis to make sure they are in the right place and safe from impacts, vibrations, and other outside forces.
To make up for the extra weight and structural needs of EVs, reinforcements and extra bracing may be added to the chassis part. This is especially important to keep the vehicle's structure strong and make sure the safety of the people inside in case of a crash or hit.
Specialized suspension systems are another thing to think about when making an EV frame. Because of the battery pack, EVs tend to be larger than cars with internal combustion engines, and the way the weight is spread out is different. So, EV chassis modules may have suspension systems that are tuned to handle the weight distribution and make sure the ride is comfortable and the car handles well.
Also, EV chassis parts often have extra features, such as regenerative braking systems, that make the car run better. When the car slows down, these systems catch the kinetic energy and turn it into electricity. This electricity is then stored in the battery pack. For regenerative braking to work, the chassis section must be made to fit the sensors, actuators, and control systems that are needed.
To sum up, it is important to improve the performance, safety, and efficiency of electric cars that chassis modules include features and parts that are unique to electric vehicles. By designing and engineering chassis modules for EV platforms, automakers can make sure that electric cars have the necessary structural support, weight distribution, and compatibility with electric drivetrains and big battery packs.
Drivers: Technological advancements have played a significant role in improving the performance of chassis modules
In the car industry, technological advances have been a key part of making chassis modules work better. The research and use of lightweight materials is an important area of progress. High-strength steel, aluminum, and alloys have replaced or added to materials like steel that were once used. These materials have the same or even better strength than the chassis section while being much lighter.
High-strength steel is stronger and lasts longer than regular steel, which means that automakers can use it to make cars lighter without sacrificing their structural integrity. Aluminum, on the other hand, is a great material for chassis parts because it is strong for its weight, resistant to corrosion, and better at absorbing energy.
Composites, like carbon fiber-reinforced polymers, are becoming more and more popular in the auto business because they are strong and light. These materials can be changed to meet specific performance needs. They are also very resistant to impacts, so they can be used in chassis modules.
Aside from using lighter materials, new ways of making things have also helped improve the performance of chassis parts. For example, hydroforming includes using fluid pressure to shape metals into complicated shapes. This makes chassis parts that are lighter and stronger. Laser welding is another advanced manufacturing process that allows different materials to be joined in a precise and efficient way. This improves the structural stability of the chassis module as a whole.
Also, as design tools have improved, chassis module designs have become more efficient. Engineers can use computer-aided design (CAD) software and simulation tools to make complex and effective chassis structures that are strong, light, and improve total performance. These tools also help analyze stress points, find the best way to distribute loads, and find places where things could be better.
Overall, using lightweight materials, modern manufacturing methods, and well-thought-out designs has led to chassis modules that are lighter, last longer, and work better. These technological advances help the auto industry by making cars use less gas and putting out less pollution. They also make cars safer and improve the driving experience generally.
Increasing demand for lightweight and fuel-efficient vehicles
Several things, like environmental worries, rising gas prices, and government rules meant to cut pollution, are driving up the demand for vehicles that are light and use little gas. Because of this, there is more and more focus on making cars that use less gas without sacrificing performance or safety.
Chassis modules, which make up the backbone of a vehicle's structure, are a key part of reducing a vehicle's weight while still meeting safety and structural standards. Automakers can lower the weight of the chassis module and, by extension, the weight of the car as a whole by using lightweight materials and modern manufacturing techniques.
Getting a car to weigh less has a number of advantages. First, it makes the car use less gas. Lighter cars need less energy to get going and keep going at the same speed, so they use less gas and put out less pollution. This is especially important now, when gas costs change all the time and people are looking for cheaper ways to get around.
Second, light cars tend to be easier to control and move around in. With less weight, a car can respond better to the driver's commands and be easier to move around. This makes driving more enjoyable overall, making the car easier to handle and lowering driver fatigue.
Also, chassis parts that are light help to make cars safer. Automakers make sure that the structure of the car stays the same while reducing its weight. This makes sure that the car can survive crash forces and protect its passengers. Modern materials like high-strength steel and composites have good strength-to-weight ratios, which makes the car safer in a crash.
In addition to being better for the environment and driving better, lightweight cars are in demand because of government rules. To fight climate change and lessen their reliance on fossil fuels, many countries have put in place strict emission guidelines and fuel economy rules. To meet the rules, automakers will have to spend in technologies that make cars lighter and make cars that use less gas.
Overall, environmental concerns, rising fuel prices, better performance, and government rules are driving the demand for lighter, more fuel-efficient cars. Chassis modules are a key part of reducing a car's weight, making it use less gas, making it handle better, and keeping safety standards. So, automakers keep putting money into research and development to improve lightweight technologies and keep up with changing market needs.
Restraints: High Development and Manufacturing Costs
The creation and production of chassis modules require a lot of money to be spent on research and development (R&D) and on specialized facilities and equipment for production. These costs can be a big problem, especially for small and medium-sized businesses that want to get into the market for chassis modules.
During the R&D phase, a lot of engineering work is done to create and improve the components of the chassis module for durability, performance, and safety. This process needs engineers with a lot of experience, modern computer-aided design (CAD) software, and the ability to make prototypes. The costs of doing thorough research and development (R&D) can add up quickly, making it hard for new players with limited funds to compete with established companies.
Also, in order to make chassis modules, you need to set up or buy specific production facilities and tools. To meet the quality standards of the industry, these facilities need to be equipped with machines that can make frames, suspension systems, and steering systems quickly and well. Companies that are just getting started in the market or don't have a lot of money may not be able to afford to buy or build these facilities.
Also, investments must be made regularly to keep up with changes in production technologies. As new methods and processes for making things come out, companies must update their buildings and machinery to stay competitive. These repeated purchases can put a strain on the finances of small and medium-sized businesses, making it hard for them to keep up with the latest ways to make things.
High costs of development and production can also affect how prices are set. Companies may need to charge more for their chassis modules to recoup their expenses and keep making money. But this can be a problem in price-sensitive markets, where customers may choose cheaper options. This could make it harder for companies with higher production costs to gain market share and grow.
Overall, the high costs of developing and making chassis modules make it hard for small and medium-sized businesses to get into the market. To spend in research and development, set up specialized production facilities, and keep manufacturing technologies up-to-date, you need a lot of money. For new players to join and compete in the very competitive chassis module market, they must find ways to get around these cost barriers.
Stringent Regulations and Standards
The car industry works within a regulatory framework with strict rules and standards about safety, pollution, and performance. These rules are put in place by the government and business groups to make sure that vehicles are safe and to limit the damage they do to the environment.
Companies that design, build, and make chassis modules must follow these rules. To meet these standards, testing and certification methods need to be very expensive. Manufacturers of chassis modules have to do a lot of testing and analysis to make sure that their goods meet the safety requirements, like being able to withstand a crash and keeping people safe.
In the same way, it's important to follow the rules about emissions if you want to help the earth. To reduce how much they pollute the air, chassis modules may need to meet certain emission guidelines. To do this, the right tools and control systems need to be put in place to lower emissions and meet local or national rules.
Also, regulatory groups set performance standards that focus on things like how a vehicle moves, how it handles, and how stable it is. To make sure the vehicle works right and the driver is safe, chassis modules must meet these performance standards. To show that they meet these standards, manufacturers need to spend money on tests and validation.
Companies in the chassis module business can face serious problems if they don't follow the rules and standards. Manufacturers who don't meet the standards could get fines, penalties, or even be taken to court. Also, not following the rules can lead to a loss of market image and customer trust, which can hurt sales and market share in a big way.
Manufacturers of frame modules have to work hard to keep up with changing rules and standards. As regulations change and new standards are put in place, companies must put money into research and development to come up with new ways to meet or beat the requirements. To stay legal, this means keeping an eye on how regulations change and being able to make changes quickly.
Costs can be high when it comes to tests, getting certified, and making sure rules are followed. Small and medium-sized businesses may find it harder to meet these standards because they have fewer resources and may find it hard to pay for the testing and certification processes that are needed.
In short, the strict rules and regulations in the automotive industry make it hard for businesses in the chassis module market to do business. To follow these rules, you have to spend a lot of money on tests, getting certified, and keeping an eye on how the rules change. Failure to meet the required standards can lead to fines, lawsuits, and damage to a company's image. For chassis module manufacturers, this makes regulatory compliance a very important thing to think about.
Opportunities: Global Expansion and Localization
To take advantage of the growing car industry, chassis module manufacturers need to go global and adapt to local needs. Here is more information about the subject:
Emerging Markets, As the car industry grows, countries like China, India, Brazil, and those in Southeast Asia have become major growth drivers. Because more people are moving to cities and the middle class is growing, these markets offer a lot of possibilities. Manufacturers of chassis modules can set up shop in these areas so they can meet the needs and preferences of local customers.
Regional Requirements, When it comes to making cars, different areas often have different rules and requirements. Manufacturers of chassis modules can change their products to meet these unique needs by putting together localized manufacturing capabilities. This includes things like the size of the vehicle, how much it can weigh, safety standards, pollution rules, and customer preferences. Following local rules and catering to regional tastes makes a product more popular and competitive.
Transportation costs can be cut down by putting manufacturing processes in different parts of the country. Chassis modules are big, heavy parts, and it can be expensive to ship them over long distances. By building factories close to where their products will be used, businesses can cut down on transportation costs, lead times, and logistics costs. This cost benefit can make prices more competitive and increase profits.
Supply Chain Optimization, When chassis module makers localize their operations, they can improve their supply chain by getting materials and parts from nearby places. This makes them less reliant on suppliers far away and lowers supply chain risks like transportation problems or delays at customs. Creating a localized supply chain increases flexibility, shortens wait times, and ensures a steady and reliable flow of materials. This helps operations run smoothly and keeps customers happy.
Customer Proximity and Support, When chassis module producers are physically present in local markets, they can offer better customer support and build stronger relationships with automakers. Being close to customers makes it easier to respond quickly, talk to them better, and work together on product growth and customization. Manufacturers can learn a lot about how local markets work and what customers want, which helps them make their chassis modules fit the wants of their customers.
Competitive Advantage, Chassis module manufacturers can gain a competitive edge by going global and setting up businesses in each country. Having a strong presence on the ground helps businesses stand out from their competitors, especially in emerging markets. By knowing local needs and meeting them well, manufacturers can build a reputation for reliability, quality, and putting the customer first. This makes them more competitive in these markets.
information and Technology Transfer, Globalization and localization make it possible for people in different places to share their information and technologies. Manufacturers of chassis modules can use the knowledge, best practices, and technological advances they gain in one market to improve their work in other areas. This sharing of knowledge and technology speeds up the development of advanced chassis parts for different markets and makes innovations better.
Sustainable and Recyclable Materials
Sustainability is becoming more important in the automotive business, and so is the use of recyclable and sustainable materials. This trend gives chassis module makers a chance to meet the industry's goals for sustainability and meet the needs of customers who care about the environment. Here's more about the use of sustainable materials in the development of chassis modules:
Impact on the environment, Using sustainable materials in chassis modules can help lessen the damage that making and using cars does to the environment. Traditional materials like steel use more energy and release more climate gases when they are made. Sustainable materials, on the other hand, like metal, composites, and bio-based materials, could use less energy, put out less pollution, and have a smaller carbon footprint.
Weight Reduction, Materials that are good for the environment often have characteristics that allow them to be lighter without sacrificing structural integrity. Getting things to weigh less is a key part of using less fuel and making less pollution. By making the whole car lighter, chassis modules made from sustainable materials can help automakers meet strict fuel economy and emissions standards. This, in turn, leads to lower fuel use and less pollution from greenhouse gases when the car is in use.
Recyclability and the Circular Economy, Chassis parts made of sustainable materials can be made to be able to be recycled, which helps the circular economy work. At the end of a vehicle's life, the chassis modules made of recyclable materials can be taken apart and recycled. This makes sure that the vehicle has less of an effect on the earth and creates less waste. Using recovered materials in the production of chassis modules is another way to save resources and reduce waste.
Material Innovations, The automotive business is a place where research and development on sustainable materials is going on all the time. For example, using aluminum alloys in chassis parts can help reduce weight, protect against rust, and be recycled. Carbon fiber reinforced plastics and other types of advanced composites have a high strength-to-weight ratio and can be recycled or used again. Natural fibers and bioplastics are examples of bio-based products that come from renewable sources and could be better for the environment. Continuous innovations and improvements in environmentally friendly materials give chassis module makers chances to try out new ideas.
Consumer Demand and Brand Image, People who care about the environment are increasingly looking for cars that match their views about sustainability. Automakers and companies that make chassis modules can meet this demand and improve their brand image as environmentally responsible companies by making chassis modules out of sustainable materials. Vehicles with sustainable chassis parts may appeal to a wider range of customers and those who put an emphasis on sustainability when buying.
Compliance with regulations, Governments and regulatory bodies all over the world are putting in place stricter rules for car emissions and environmental standards. Manufacturers of chassis modules can get ahead of these rules by using sustainable materials in their goods. Manufacturers can be leaders in sustainability and make sure they are in line with changing environmental standards if they stay ahead of the rules.
Chances to work together, When making and using sustainable chassis modules, chassis module producers, automakers, material suppliers, and research institutions often need to work together. When people work together, they can share their knowledge, skills, and resources to improve the use of sustainable materials in making frame modules. Partnerships can encourage new ideas, speed up the development of new materials, and make it easier for the automotive business to use sustainable solutions.
Major Market Segments Covered:
By Type:
Steel
Steel is a common material for making frames because it is strong and lasts a long time. It has great structural rigidity, so it can be used in heavy-duty cars and other places where durability is important. Steel chassis modules are hard to bend and offer a high amount of protection to the people inside the car. They are often used in trucks, SUVs, commercial vehicles, and other types of cars that need to carry more weight.
Aluminum
Aluminum chassis modules are becoming more popular in the car industry because they are light and have a good ratio of strength to weight. Aluminum is much lighter than steel, so it uses less gas and is easier to control. Vehicles with chassis sections made of aluminum go faster, stop better, and perform better overall. Aluminum is often used in cars that are light or fast, like sports cars, expensive cars, and electric cars.
Fiber
Fiber chassis modules are the parts of a car's frame that are made of fiber-reinforced materials like carbon fiber or fiberglass. These materials use a matrix, like epoxy glue, and strong fibers to make a structure that is both light and strong. The strength-to-weight ratios of fiber chassis modules are the best in the industry, which means they work well and use less gas. They are often used in places where reducing weight is important, like sports cars, race cars, and the aerospace industry. In particular, carbon fiber chassis parts are known for being stiffer and stronger than other materials.
Other
In the "Other" group, you'll find materials like magnesium or titanium that aren't used as often in chassis modules. Depending on the use, these products may have different benefits. For example, magnesium chassis parts are much lighter than steel or aluminum ones, so they can be used in designs for lightweight vehicles. Titanium, on the other hand, has a great strength-to-weight ratio and is resistant to corrosion. This makes it a good choice for specialized applications where reducing weight and making something last a long time are important, such as high-performance race cars or aerospace applications. These materials are usually used in niche areas because they are more expensive or have specific needs.
By Application:
Anti-lock Braking System (ABS)
The Anti-lock Braking System (ABS) is a safety device that keeps the wheels from locking up when you brake. Chassis pieces are a key part of how ABS systems are put together and work. Wheel speed sensors keep track of how fast each wheel is turning so that ABS can work. If the system sees that one or more wheels are about to lock up, it adjusts the brake pressure on those wheels through the chassis module. ABS helps keep traction and steering control by quickly applying and releasing the brakes. This lets the driver keep control of the car even when they have to stop quickly.
(TCS) Traction Control System
The Traction handle System (TCS) is meant to make the vehicle more stable and easy to handle by keeping the wheels from slipping when the car is accelerating. Wheel speed sensors are used in chassis sections to keep track of how fast the wheels are turning. If the TCS notices that one or more wheels are spinning faster than the others, which could be a sign of wheel slip, it can use the chassis module to lower engine power or apply brakes to the wheels that are spinning. This helps to get traction back and keep the car stable, especially on roads that are wet or uneven.
Electronic Brake Distribution (EBD)
Electronic stop Distribution (EBD) is a system that makes sure that the stop force is applied to each wheel in the best way possible. Chassis modules help coordinate and control the braking system, making sure that the stopping force is spread out well based on things like how the vehicle's weight is distributed and how the road is. The chassis module can figure out how much stop force each wheel needs by watching how fast the wheels are going, how fast the car is slowing down, and how hard the brake pedal is being pressed. EBD helps to improve braking performance, shorten stopping distances, and make the car more stable when stopping.
Program for Electronic Stability (ESP)
The Electronic Stability Program (ESP), which is also called Electronic Stability Control (ESC), is made to improve the stability of a car by detecting and preventing skidding or losing control. Chassis modules use sensors and motors to track things like how fast the car is going sideways, how much it is turning, and how fast each wheel is going. If the ESP system notices that the vehicle is going off its planned path or isn't stable, it can brake only certain wheels and change the power of the engine through the chassis module. By doing this, ESP helps to keep the car stable, stop it from spinning, and keep control during difficult driving conditions or emergency moves.
Other Applications
Depending on the car and its features, chassis modules may be used for other things as well. Some of these are active suspension systems, adjustable damping, roll control, and others. Active suspension systems use chassis units that constantly check and change the suspension settings. This makes the ride more comfortable, stable, and easy to handle. Adaptive damping systems use chassis modules to make real-time changes to the damping qualities of the shock absorbers based on the road conditions and how the car is being driven. Roll control systems use modules in the chassis to identify and stop too much body roll when turning. This makes the vehicle more stable and easy to drive.
By Sales Channel:
Original Equipment Manufacturers (OEMs)
OEMs are very important to the chassis module market because they are the companies that make cars. They make chassis modules and sell them straight to companies that make cars. OEMs often work with automakers through relationships and contracts, giving them chassis modules as part of the process of making cars. During the manufacturing process, these parts are added to the cars. OEMs usually have strict quality control methods and engineering skills to make sure that the chassis modules meet the specifications and requirements of the car manufacturers.
Aftermarket Sales
Aftermarket sales are the distribution of chassis modules after the original equipment manufacturers (OEMs) have made and sold the cars. Once a car is on the road, the owner may need to repair or upgrade chassis modules due to wear and tear, damage, or the need to make the car look a certain way. Aftermarket sales outlets serve these car owners by selling a variety of chassis modules that can be used with different makes and models of cars. There are independent retailers, stores that only sell auto parts, and dealerships that are allowed to sell these products. Customers can go to these places to buy the necessary chassis modules and have pros put them in. By upgrading the chassis modules, which are sold in the aftermarket, car owners can improve their vehicles' speed, durability, or looks.
Online Retail
The rise of e-commerce has had a big effect on the chassis module market, and online shopping has become a major way to sell products. Customers can look at and buy chassis modules from different manufacturers and sellers from the comfort of their own homes through online retail sites. Customers can easily compare prices, features, and specs on these sites because they offer a wide range of choices. Online shopping gives customers flexibility and ease of access, so they can find the chassis modules they want for their individual car models. Also, online platforms may have reviews and ratings from customers, which can help buyers make better choices. Buying chassis modules online is even more convenient because they can be sent right to your door.
Regional Insights:
The global chassis module market is divided into seven regions: North America, Latin America, Asia Pacific Excluding Japan (APEJ), Eastern Europe, Western Europe, Japan, and the Middle East and Africa (MEA).
During the forecast period, the market for chassis modules is expected to grow at a very high CAGR. This is because more end-use industries, like the car industry, want the comfort, safety, and support systems that chassis modules offer.
The chassis module system is a key part of developing, adapting, and integrating these features to get the best mix of safety, comfort, and handling. Due to more people being aware of safety, North America have a big share of the chassis module business.
Scope Of Report:
Report Attribute | Details |
Study Period | 2017-2030 |
Base Year | 2022 |
Estimated year | 2023 |
Forecast period | 2023-2030 |
Historic Period | 2017-2022 |
Units | Value (USD Billion) |
Growth Rate | CAGR of 6.2% from 2023 to 2030 |
By Type |
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By Application |
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By Sales Channel |
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By Companies |
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Regional Scope |
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Reasons to Purchase this Report and Customization Scope |
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Market Key Players:
- Bertrandt
- Ixia
- Benteler Automotive
- Robert Bosch GmbH
- Magna International Inc.
- Continental AG
- ZF Friedrichshafen AG
- Aisin Seiki Co., Ltd.
- American Axle & Manufacturing Holdings, Inc.
- Gestamp Automoción
- Hyundai Mobis
- CIE Automotive And Others.
1. Bertrandt
Bertrandt, an independent, international development service provider with a lot of experience in the automotive industry, said that they build technological solutions for their customers at any stage of the product development process. They focused on hot themes like digitalization, e-mobility, and autonomous systems, mostly for the automotive, aerospace, and mechanical engineering industries. Bertrandt's goal is to speed up the progress of technology, and they work toward this goal every day with a staff of about 13,000 people spread out over 50 places around the world.
2. Ixia
Net Optics, the top company for Total Application and Network Visibility solutions, said that they provide real-time network intelligence for the best monitoring and protection of networks. They said that their products let businesses get scalable end-to-end visibility in physical, virtual, and private cloud environments, as well as in remote branch offices. Net Optics said that their application-aware NPM, Network Packet Broker, Virtual/Cloud, and Visibility Management System (VMS) solutions are trusted by more than 7,500 enterprises, service providers, and government organizations, including 85 percent of the Fortune 100. They also said that their solutions offer immediate results and quick time to value through an easy-to-use interface, which has given them a strong reputation in the market. Net Optics also said that through their OEM partner and reseller networks, they have a global footprint.
3. Benteler Automotive
BENTELER is a global business that serves customers in automotive technology, the energy sector, and mechanical engineering. According to their website, they are experts in metal processing and develop, make, and sell safety-related products, systems, and services all over the world. They emphasized their portfolio, which includes components and modules for the car industry in areas like chassis, body, engine, exhaust systems, and future technologies like system solutions for electric vehicles. BENTELER also said that they were good at making technical tools and plants for top suppliers in the automotive industry and the glass-processing business. Also, they talked about their over 140 years of experience with steel and their ability to make high-quality steel tubes that are both seamless and welded. They talked about everything from material development to tube uses.
BENTELER said that they are run by BENTELER International AG, a strategic holding company with its headquarters in Salzburg, Austria. They talked about how their 23,000 workers, who work in 87 locations in 26 countries and are dedicated to their jobs, offer first-rate manufacturing and sales skills. BENTELER is committed to giving their customers the best service possible whenever they need help. They also gave the financial information that their Group's sales for the fiscal year ending in 2022 were €8,954 billion. BENTELER ended by saying that since 1876, they have been a family of hard-working workers.
4. Magna International Inc.
The company said that it has more than 159,000 workers with an entrepreneurial spirit and a commitment to providing mobility solutions. They said they were a mobility technology company and pointed out that they were one of the biggest automotive suppliers in the world, with 347 manufacturing operations and 94 product development, engineering, and sales centers in 27 countries. They talked about their competing advantages, which include body exteriors and structures, power and vision technologies, seating systems, and full vehicle solutions.
The company also said that their common shares are sold on both the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA), which shows that they are present in the financial markets.
5. American Axle & Manufacturing Holdings, Inc.
The company said that it was AAM (NYSE: AXL), which is a major Tier 1 Automotive and Mobility Supplier around the world. They said that their specialty is designing, engineering, and making Driveline and Metal Forming technologies for electric, hybrid, and internal combustion cars. They said that their main office is in Detroit and that they run about 85 sites in 18 different countries.
AAM said that they want to speed up the future to make it better and more sustainable. They also said that they are committed to improving automotive and mobility solutions.
Market Segmentation:
Major Market Segments Covered in Chassis Module Industry Research:
By Type:
- Steel
- Aluminum
- Fiber
- Other
By Application:
- Anti-lock braking system
- Traction Control System
- Electronic Brake Distribution
- Electronic Stability Program
By Sales Channel:
- Original Equipment Manufacturers (OEMs)
- Aftermarket Sales
- Online Retail
Chassis Module Market Regional Insights:
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Conclusion:
Based on what we knew up until September 2021, the chassis module market was a fast-paced and competitive business. Key suppliers like Robert Bosch GmbH, Magna International Inc., Continental AG, ZF Friedrichshafen AG, and others played important roles in helping customers in the automobile, aerospace, and mechanical engineering industries get chassis modules and related solutions.
Hot topics like digitalization, e-mobility, and autonomous systems drove the market, which shows that the industry is focused on technology progress. Customers, like businesses, service providers, and government agencies, wanted scalable end-to-end visibility and optimization of network performance in different settings, like physical, virtual, and private cloud setups. Also, the market saw a rise in demand for safety-related goods, systems, and services, and a focus on future technologies like system solutions for electric vehicles. Since some vendors have been working with steel for a long time, the value of high-quality seamless and welded steel tubes became clear.
The fact that there are global companies with large networks and many manufacturing and sales centers shows how tough the market is and how hard people are working to give customers all over the world first-rate services.
It's important to keep in mind that this conclusion is based on the information we have up until September 2021. It may not represent how the chassis module market is changing and moving right now.