Transparency Market Research has published a new report "Automotive Chassis Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" to its report store.
Albany, NY -- (SBWIRE) -- 06/08/2015 -- According to a new market report published by Transparency Market Research "Automotive Chassis Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," the market was valued at USD 65.50 billion in 2014, which is expected to reach USD 86.48 billion by 2021, growing at a CAGR of 4.1% from 2015 to 2021.
Browse Automotive Chassis Systems Market Report with Full TOC at
The automotive chassis systems market is driven by change in preference of the end users. End users or customers prefer chassis systems that are aerodynamic, and ductile. This aerodynamic chassis system helps in enhancing the fuel efficiency. They are much faster and ductile due to their superior quality designing. Moreover, latest innovation like automatic fault detection in the chassis system which would detect and alert the driver of any kind of malfunction in the chassis system thereby encouraging the end users to upgrade their vehicles.
Passenger car segment held the largest market share in the automotive chassis systems market, segmented by type of vehicle. This segment is witnessing constant growth in Asia-Pacific and North America. Moreover, there is a growing trend of owing private vehicles in the Asia-Pacific. Purchasing of vehicles has also become much easier due to the easy availability of finance.
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In 2014, Europe accounted for the largest market share in the automotive chassis systems market. Change in preference of the customers to smaller and cleaner vehicles is driving the automotive chassis systems market in Europe. Downsizing of chassis, use of upgraded aerodynamic designs and composite compounds help in reduction of weight and making the vehicle stronger at the same time are driving the automotive chassis system market in Europe.
Key players operating in the automotive chassis system market are Continental AG, Robert Bosch GmbH, American Axle & Manufacturing, Magna International Inc., Benteler International AG, and ZF Friedrichshafen among others.
Browse Press release Of Automotive Chassis Systems Market
The market has been segmented as follows:
Global 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.
Global Automotive Chassis Systems Market: By Component
Suspension ball joints
Knuckles and Hubs
Global Automotive Chassis Systems Market: By Chassis System
Active Kinematics Control
Global Automotive Chassis Systems Market: By Vehicle Type
Off Road Vehicle
Construction Equipment Vehicles
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