Titled “Automotive Chassis Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” the report sheds light on more factors that could enhance growth in the near future.
Albany, NY -- (SBWIRE) -- 03/16/2018 -- Transparency Market Research (TMR) has recently published a research study on the global automotive chassis systems market, estimating the market to expand at a CAGR of 4.10% during the period from 2015 to 2021 and reach a market value of US$86.4 bn by the end of the forecast period.The research report, titled "Automotive Chassis Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021", states that the global market for automotive chassis systems stood at US$65.5 bn in 2014.
This market research study analyzes the automotive chassis systems market on a global level and provides estimates in terms of revenue (USD billion) from 2015 to 2021. It gives a comprehensive overview of the automotive chassis systems market from all the important aspects of the market. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.
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Automotive chassis systems market can be segmented by components into Suspension ball joints, Cross-axis joints, Tie-rods, Stabilizer links, Control arms, Knuckles and Hubs. By type of chassis system the automotive chassis systems can be segmented into Front axles, Rear axles, Corner modules and Active kinematics control. By vehicle type the chassis system can be segmented into cars, LCV's, ICV's, HCV's, Off Road Vehicle, Construction Equipment Vehicles and Farm Vehicles. The automotive chassis systems refer to the inner frame of a vehicle. By geography, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). The present market size and forecast till 2021 have been given in the report.
Demand for lighter and stronger chassis system is driving the automotive chassis systems market. The reduction in the weight of the automotive chassis system would also increase the fuel efficiency of the vehicle. Innovative product development and latest features in automotive chassis system are the key features driving the automotive chassis systems market.
Asia Pacific is one of the most attractive regions in automotive chassis systems market. Asia-Pacific is experiencing a steep growth and has been the largest contributor to the growth of the automotive chassis systems market in 2014 globally. Japan dominates the luxury car segment while India is a potential market. There is a strong focus on infrastructure development in Asia-Pacific, which is driving the automotive chassis system market as LCV's, HCV's and construction equipment vehicles are required for construction activities and for carriage of goods from one location to other. Moreover, the growing business class in China and India is fueling the demand for luxury and premium segment vehicles. Manufacturers of automotive chassis are investing significantly in research and development for innovation of the latest composite components. This would help the manufacturer of automotive chassis systems in manufacturing chassis systems that are lighter and stronger. Latest innovative features such as automotive chassis sensors for the detection of any kind of malfunctioning of any of the components used in the automotive chassis systems are further driving the market. Moreover, India, Japan and China are further boosting the market with the production of huge number of vehicles in the Asia Pacific region. Europe followed Asia Pacific in terms of market attractiveness. Presence of countries like UK, France and Germany has lead to considerable growth in the automotive chassis systems market due to change in preference of customers towards smaller and cleaner vehicles. Moreover the downsizing of chassis, use of upgraded aerodynamic designs is further driving the automotive chassis system.
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This report provides strategic analysis of the automotive chassis systems market and the growth forecast for the period 2015 to 2021. The duration of the report covers competitive analysis of various market segments based on the types, module and in-depth cross sectional analysis of the automotive chassis system market across different geographic segments. To support the strategic decision making, the report also includes profiling of leading players in the industry, their market share and various strategies adopted by them. Market attractiveness analysis included in the report provides insight into market dynamics and industry competition.
The report also provides company market share analysis of the various industry participants along with company overview, financial overview, business strategies and recent developments in the field of automotive chassis system market. Major market participants profiled in this report include Continental AG, Robert Bosch GmbH, American Axle & Manufacturing Inc, Magna International Inc., Benteler International AG., ZF Friedrichshafen.
The automotive chassis system market has been segmented as follows:
Automotive Chassis Systems Market: By Geography
Rest of the World
The report provides a cross-sectional analysis of all the below segments with respect to the above mentioned regions.
Automotive Chassis Systems Market: By Components
Suspension ball joints
Knuckles and Hubs
Automotive Chassis Systems Market: By Chassis System
Active Kinematics Control
Automotive Chassis System Market: By Vehicle Type
Off Road Vehicles
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