Europe Automotive Subframe Market Propelling Quickly To Reach USD 6,062 Million By 2028

25-Oct-2021 | Zion Market Research

The primary participants of Europe Automotive Subframe Market Martinrea Honsel, Magna, Aludyne, Nemak, Imextrading maschinenhandels gmbh, PENN Gesellschaft m.b.H, Benteler International AG, Gestamp Automoción, S.A., Ryobi Limited, Heck & Becker GmbH & Co. KG, Marelli Europe, among others. These players are set to foster the development of Europe Automotive Subframe Market in the years to come

As per analysts at Zion Market Research, Europe Automotive Subframe Market was capitalized at USD 4,184 Million in 2020 and is likely to cross USD 6,062 Million in 2028, developing at a CAGR of 3.9 % from 2021 to 2028.

This review is based on a report by Zion Market Research, titled ““Europe Automotive Subframe Market By Construction (One-piece Subframe, Multi-piece Subframe) By Geometry (Collapsible Core Hollow, Solid Subframe) By Technology (Stamping, Al Foundry, (LPDC, HPDC, GDC,C PC, Others) Hydroforming, Extrusion) By End-User (Passenger Car, Commercial Car): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.”

Global Europe Automotive Subframe Market Size

Increasing Direct Manufacturing To Boost The Development Of Europe Automotive Subframe Market In The Years To Come

The automotive industry is crucial for Europe’s prosperity. The automotive sector provides direct and indirect jobs to lots of people related to work in direct manufacturing of motor vehicles, representing 8.5% of EU employment in manufacturing. The EU is among the world's biggest producers of motor vehicles and the sector represents the largest private investor in research and development (R&D). To strengthen the competitiveness of the EU automotive industry and preserve its global technological leadership, the European Commission supports global technological harmonization and provides funding for R&D.

Reduce The Carbon Footprint To Power The Europe Automotive Subframe Market

 Europe Automotive Subframe Market has a significant growth in the consumption of hydroforming automotive subframe. More number of market players have started using this type of subframe in their vehicle to reduce the carbon footprint. Moreover, the technology plays a key role in achieving the reduction of structural weight, the enhancement of vehicle structural strength and reduce the fuel consumption. It offers very high strength with good formability, attractive cost-benefit ratio for weight-saving, and variable strength through sophisticated processing. However, the manufacturers are not using this technology on large scale due to higher initial investment, operation, and sourcing cost. Moreover, the application of stamping is limited to structural BIW components.

Browse the full Europe Automotive Subframe Market By Construction (One-piece Subframe, Multi-piece Subframe) By Geometry (Collapsible Core Hollow, Solid Subframe) By Technology (Stamping, Al Foundry, (LPDC, HPDC, GDC,C PC, Others) Hydroforming, Extrusion) By End-User (Passenger Car, Commercial Car): Europe Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/europe-automotive-subframe-market

The Europe Automotive Subframe Market is segmented as follows:

By Construction

  • One-piece Subframe
  • Multi-piece Subframe

By Geometry

  • Collapsible Core Hollow
  • Solid Subframe

By Technology

  • Stamping
  • Al Foundry
  • LPDC
  • HPDC
  • GDC
  • CPC
  • Others
  • Hydroforming
  • Extrusion

By End-User

  • Passenger Car
  • Commercial Car

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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