Chassis is the skeletal frame of the
vehicle which supports the components and sub-assemblies of the vehicle.
The chassis is the key frame which provides rigidity and strength to
the vehicle. Typically, carbon steel or aluminum alloy undergoes a
variety of processes such as forging, stamping, and welding in order to
obtain the frame structure. The Car manufacturer Ariel developed a
titanium chassis for its Atom sports car that is 40% lighter than the
steel chassis. The usage of titanium in chassis building leads to a
reduction in weight and increase in fuel efficiency and titanium market
is projected to expand particularly in motorsport vehicles.
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Demand for lightweight solutions in order
to decrease CO2 emissions has increased. The current vehicle generation
in Europe are 12% lighter than the previous generation vehicle. Thus,
the demand for lightweight chassis is estimated to rise. Asia and Latin
America are witnessing an increase in production of vehicles due to the
rise in vehicle production and economic growth in these regions. This in
turn is estimated to boost the automotive chassis market in these
regions. The monocoque chassis structure incorporates crumple zone in
the body shells, thus improving crash safety.
Development in technology has led to
utilization of metals such as carbon fiber and glass composites. The
recent development of Ultralight Steel Auto Body (ULSAB) achieves 80%
improvement in torsional rigidity and saves 25% mass. The future trends
in the chassis include incorporation of more safety modules as developed
by Continental AG. Rise in demand for electric vehicles has propelled
the development of lightweight and robust chassis in order to mount
electric motors and batteries. The lightweight aluminum chassis market
is projected to expand in key electric car markets such as China, Japan,
and Germany.
The monocoque chassis structure is
limited to use in light passenger vehicles with low gross weight. The
structure is not rigid enough to support load carrying functions and
thus, in heavy passenger and commercial vehicles the over the body
chassis is utilized.
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The global automotive chassis market can
be segmented based on type, vehicle, and geography. In terms of type,
the automotive chassis market can be classified into monocoque chassis
and over the body chassis. The monocoque chassis, an aluminum body shell
of welded structural parts, is widely utilized in light passenger cars.
The monocoque chassis segment holds a major share of the market due to
the increase in production of passenger vehicles. The over the body
chassis is employed in commercial vehicles, trucks, and buses where
strength, rigidity, and load carrying capacity is essential.
Based on vehicle type, the automotive
chassis market can be segregated into passenger vehicles and commercial
vehicles. The growth of trade amongst BRICS nations has led to the
demand of commercial vehicles fleet, thus increasing the demand for
chassis. In terms of geography, the automotive chassis market can be
segmented into North America, Latin America, Asia Pacific, Europe, and
Middle East & Africa. Asia Pacific and Europe are prominent markets
for automotive chassis.
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