Middle East Automotive Chassis Market Growth, Trends, Size, Revenue, Share and Future Outlook
Middle East Automotive Chassis Market Size– By Chassis Type, By Type, By Electric Vehicle- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: AMIN2450 | Pages: 1 - 153 | Formats*: |
| Category : Automotive & Transportation | |||
Middle East Automotive Chassis Market Introduction and Overview
According to SPER Market Research, the Middle East Automotive Chassis Market is estimated to reach USD XX billion by 2033 with CAGR of XX%.
The report includes an in-depth analysis of the Middle East Automotive Chassis Market, including market size and trends, product mix, Types, and supplier analysis. The lowest portion of a vehicle is formed by the frame, or chassis, upon which it is mounted. This has to be assessed because it is one of the most crucial parts of the car. When the vehicle is in a static or dynamic state, its full weight can be supported by a sturdy metal frame. Frame bars are known as the vehicle's backbone in the manufacturing sector. Assembling additional parts or components, such engines, gearboxes, brakes, axles, and tires, is made possible by this element. The automotive chassis is designed to be strong enough to support the weight.
- May 2022: The American electric car maker Lucid Group announced that it was opening its first foreign location in Saudi Arabia. At first, the factory will cater to the local market and have the capacity to produce 155,000 automobiles annually.
- August 2023: To establish the biggest spare parts center in the Middle East and Africa, Neweast General Trading and Jebel Ali Free Zone (Jafza) entered into a leasing agreement. The corporation plans to transform a 165,000 square meter area within the free zone into a sizable hub for spare part distribution with an investment of about USD 136.2 million.
Market Opportunities and Challenges
The need for automobile chassis has expanded as a result of the Middle East's automotive industry's general growth and expansion. The demand for automobile chassis is driven by the Middle East's growing auto output, which includes off-road, commercial, and passenger cars. The demand for transportation and commercial vehicles rises as a result of urbanization and infrastructure development, especially in cities that are expanding quickly. This drives up demand for automotive chassis. The automotive sector is supported and invested in by the government, and the market for chassis is influenced by laws that encourage local vehicle assembly and production. The Middle East's expanding population and rising standard of living encourage more people to purchase cars, which boosts demand for automotive chassis.
The price of oil is a major factor in the economy of the Middle East. Changes in oil prices have the potential to influence not just the demand for cars but also the purchasing power of consumers and the state of the economy as a whole. Consumer preference shifts, like the move toward electric cars or the rise in demand for particular car models (SUVs, for example), can be difficult for manufacturers who have to modify their chassis lineup. Automobile chassis producers may have to incur higher production expenses as a result of having to invest in technology that meet increasingly strict regional and global emission requirements. Increases in labor, material, and energy expenses associated with production can have an effect on the final cost and profitability of automotive chassis.
Market Competitive Landscape
Details per competitor are provided by the competitive landscape of the Middle East Automotive Chassis industry. The firm's overview, financials, revenue, market potential, R&D investment, new market initiatives, regional presence, company strengths and weaknesses, product introduction, product width and breadth, and Chassis Type domination are all mentioned in the details. Some of major players are Abbie, Amgen, AstraZeneca, Bayer, Becton, Dickinson and Company, Biogen, Eli Lilly, Novartis, Teva Pharmaceuticals, and Ypsomed and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Chassis Type, By Material, By Electric Vehicle |
| Regions covered | Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, and Turkey |
| Companies Covered | Aisin Seiki Co., Ltd., Bosch GmbH, Gestamp, BENTELER International AG, Tower International, Tenneco Inc., ZF Friedrichshafen AG and various others. |
COVID-19 Impact on Middle East Automotive Chassis Market
Global supply lines were disrupted by the Covid-19 pandemic and impacted construction of chassis. Lockdowns, limitations, and labour issues caused production halts or slowdowns for many automakers worldwide, including those in the Middle East. Sales of automobiles, particularly those with chassis components, fell as a result of consumer confidence and spending power being undermined by economic uncertainty and lockdown measures. The market demand for specific car models and chassis configurations was impacted by shifts in customer behaviour, such as a preference for private automobiles over public transportation. Positively, the epidemic hastened the advancement of digitalization, networking, and electric car technologies. Like everywhere else, automakers in the Middle East have modified their approaches to take into account these developments.
Key Target Audience:
- Automotive Chassis Manufacturers
- Automobile Original Equipment Manufacturers (OEMs)
- Automotive Suppliers and Distributors
- Automotive Repair and Maintenance Shops
- Fleet Owners and Managers
- Government and Regulatory Bodies
- Investors and Financial Institutions
- Research and Development Centers
- Consumers and Vehicle Owners
Our in-depth analysis of the Middle East Automotive Chassis Market includes the following segments:
| By Chassis Type: |
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| By Material: |
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| By Electric Vehicle: |
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Key Topics Covered in the Report:
- Middle East Automotive Chassis Market Size (FY’2023-FY’2033)
- Overview of Middle East Automotive Chassis Market
- Segmentation of Middle East Automotive Chassis Market By Chassis Type (Backbone, Ladder, Modular, Monocoque)
- Segmentation of Middle East Automotive Chassis Market By Material (Aluminum Alloy, Carbon Fiber Composite, Steel)
- Segmentation of Middle East Automotive Chassis Market By Electric Vehicle (BEV, HEV, PHEV)
- Statistical Snap of Middle East Automotive Chassis Market
- Expansion Analysis of Middle East Automotive Chassis Market
- Problems and Obstacles in Middle East Automotive Chassis Market
- Competitive Landscape in the Middle East Automotive Chassis Market
- Impact of COVID-19 and Demonetization on Middle East Automotive Chassis Market
- Details on Current Investment in Middle East Automotive Chassis Market
- Competitive Analysis of Middle East Automotive Chassis Market
- Prominent Players in the Middle East Automotive Chassis Market
- SWOT Analysis of Middle East Automotive Chassis Market
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impact of the Middle East Automotive Chassis Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East Automotive Chassis Market Manufacturing Base Distribution, Sales Area, Type, Chassis Type6.2. Mergers & Acquisitions, Partnerships, Type Launch, and Collaboration in Middle East Automotive Chassis Market
7. Middle East Automotive Chassis Market, By Chassis Type, 2019-2033 (USD Million)
7.1. Middle East Automotive Chassis Market Value Share and Forecast, By Chassis Type, 2023-20337.2. Backbone7.3. Ladder7.4. Modular7.5. Monocoque
8. Middle East Automotive Chassis Market, By Material, 2019-2033 (USD Million)
8.1. Middle East Automotive Chassis Market Value Share and Forecast, By Material, 2023-20338.2. Aluminum Alloy8.3. Carbon Fiber Composite8.4. Steel
9. Middle East Automotive Chassis Market, By Electric Vehicle, 2019-2033 (USD Million)
9.1. Middle East Automotive Chassis Market Value Share and Forecast, By Type, 2023-20339.2. BEV9.3. HEV9.4. PHEV
10. Middle East Automotive Chassis Market Forecast, 2019-2033 (USD Million)
10.1. Middle East Automotive Chassis Market Size and Market Share
11. Middle East Automotive Chassis Market, By Chassis Type, 2019-2033 (USD Million)
11.1. Middle East Automotive Chassis Market Size and Market Share By Chassis Type (2019-2026)11.2. Middle East Automotive Chassis Market Size and Market Share By Chassis Type (2027-2033)
12. Middle East Automotive Chassis Market, By Material, 2019-2033 (USD Million)
12.1. Middle East Automotive Chassis Market Size and Market Share By Material (2019-2026)12.2. Middle East Automotive Chassis Market Size and Market Share By Material (2027-2033)
13. Middle East Automotive Chassis Market, By Electric Vehicle, 2019-2033 (USD Million)
13.1. Middle East Automotive Chassis Market Size and Market Share By Electric Vehicle (2019-2026)13.2. Middle East Automotive Chassis Market Size and Market Share By Electric Vehicle (2027-2033)
14. Middle East Automotive Chassis Market, By Region, 2019-2033 (USD Million)
14.1. Middle East Automotive Chassis Market Size and Market Share By Region (2019-2026)14.2. Middle East Automotive Chassis Market Size and Market Share By Region (2027-2033)14.2.1. Bahrain14.2.2. Kuwait14.2.3. Oman14.2.4. Qatar14.2.5. Saudi Arabia14.2.6. Turkey
14.2.7. UAE
15. Company Profile
15.1. Aisin Seiki Co., Ltd.15.1.1. Company details15.1.2. Financial outlook15.1.3. Type summary15.1.4. Recent developments15.2. Bosch GmbH15.2.1. Company details15.2.2. Financial outlook15.2.3. Type summary15.2.4. Recent developments15.3. BENTELER International AG15.3.1. Company details15.3.2. Financial outlook15.3.3. Type summary15.3.4. Recent developments15.4. Gestamp15.4.1. Company details15.4.2. Financial outlook15.4.3. Type summary15.4.4. Recent developments15.5. Tenneco Inc.15.5.1. Company details15.5.2. Financial outlook15.5.3. Type summary15.5.4. Recent developments15.6. Tower International15.6.1. Company details15.6.2. Financial outlook15.6.3. Type summary15.6.4. Recent developments15.7. ZF Friedrichshafen AG15.7.1. Company details15.7.2. Financial outlook15.7.3. Type summary15.7.4. Recent developments15.8. Teva Pharmaceuticals15.8.1. Company details15.8.2. Financial outlook15.8.3. Type summary15.8.4. Recent developments15.9. Others
15 List of Abbreviations
16 Reference Links
17 Conclusion
18 Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Middle East Automotive Chassis Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Middle East Automotive Chassis Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Middle East Automotive Chassis Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Middle East Automotive Chassis Market size is XX billion from 2023 to 2033.
Middle East Automotive Chassis Market Segment is covered By Chassis Type, By Material, By Electric Vehicle.
The Middle East is anticipated to have the highest market share in the Middle East Automotive Chassis Market.
"The key players in the market include Companies Covered Aisin Seiki Co., Ltd., Bosch GmbH, Gestamp, BENTELER International AG, Tower International, Tenneco Inc., ZF Friedrichshafen AG and various others.\."
The Middle East's expanding population and rising standard of living encourage more people to purchase cars, which boosts demand for automotive chassis.
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