The Europe automotive chassis systems market is estimated to grow at a CAGR of 4.12% during the forecast period. The increasing demand for safety requirements, the rising launch of lightweight and improved chassis system, and growing autonomous driving, are the factors propelling market growth.
The Europe automotive chassis systems market is evaluated based on the markets situated across the regions of Germany, France, Spain, Italy, the United Kingdom, and the Rest of Europe. The major market share with regards to automotive chassis systems, is by the developed nations such as the UK, France, Germany, and Italy. The collaborations between the leading companies are driving the growth of the market. France holds one of the largest markets for electric vehicles in Europe, which is benefiting the Europe automotive chassis market. The increasing adoption of electric vehicles as a result of stringent government regulations is another factor driving the growth of the market. This is primarily due to the different requirements in terms of chassis systems required by the electric and motor powered vehicle. The government schemes supporting the cause of electric vehicles in regions like the United Kingdom, is estimated to benefit the growth of the market.
There is a large presence of automotive manufacturers, suppliers, and buyers in the market. Some of the major companies are ZF Friedrichshafen Ag, Tower International, Inc., Hyundai Mobis Co. Ltd., Magna International Inc., Gestamp Automoci?n S.A., Continental Ag, Benteler International Ag, etc.
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