Global Automotive Chassis Systems Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Automotive Chassis Systems Market By Chassis Systems Type, Components and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Automotive Chassis Systems Market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
The chassis is structurally independent frame to which various components that include engine, power-transmission system, and suspension system are attached. The chassis is the major part of the vehicles and therefore opportunities for manufacturers lies here to develop superior, safer, lighter and more cost-efficient cars. Nowadays, many automobile makers develop such design in which chassis and body are welded together to form single integrated unit.
Modernization of infrastructure facilities, growing automobile industry, and changes in consumer behavior are major drivers for the growth of this market. Rising demand for smaller, safer and lighter vehicle is fuelling the growth of automobile chassis market. Need of aerodynamic design, availability of composite materials to reduce weight of vehicles id expected to propel the growth of the market. However, shared mobility and improved public transport globally expected to hamper the growth of the automotive chassis systems market.
This report provides a detailed analysis of Automotive Chassis Systems market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global Automotive Chassis Systems market is majorly segmented on the basis of Chassis Systems Type (Front Axle, Rear Axle, Corner Modules and Active Kinematics Control), Components (Tie-Rods, Stabilizer Links, Suspension Ball Joints, Cross-Axis Joints, Control Arms and Knuckles & Hubs) & Vehicle Type (Cars, Light Commercial Vehicles, Intermediate Commercial Vehicles, Heavy Commercial Vehicles, Off-Road Vehicles, Construction Equipment, Defense Vehicles, and Farm Tractors).
Global automotive chassis systems market is studied across North America, Europe, Asia-Pacific, and LAMEA. Growth of Automotive Chassis Systems market in Asia Pacific region is driven by factors such as rising trend of owing private vehicles, increased disposable income and easy availability of finance. Growth of Automotive Chassis Systems market in Europe is driven by factors such as rising demand for safer and small vehicles and increased vehicle production rate over the year.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in Global Automotive Chassis Systems Market and what are their strategies? • What segment and region will lead the market and why?
The major companies profiled in the report include: Continental AG, Robert Bosch GmbH, American Axle & Manufacturing, Magna International Inc., Benteler International AG, ZF Friedrichafen, Aisin Seiki Co., Schaeffler AG, Hyundai Mobis, and Gestamp Automocion SA.
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