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.
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.
Browse
the full Automotive Chassis Systems Market Report @ :
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.
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.
Browse
the full Automotive Chassis Systems Market Press Release @ :
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.
The
market has been segmented as follows:
Global
Automotive Chassis Systems Market: By Geography
- North America
- Europe
- Asia Pacific
- 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
- Cross-axis joints
- Tie-rods
- Stabilizer Links
- Control arms
- Knuckles and Hubs
Global
Automotive Chassis Systems Market: By Chassis System
- Front axles
- Rear axles
- Corner modules
- Active Kinematics Control
Global
Automotive Chassis Systems Market: By Vehicle Type
- Cars
- LCV’s
- ICV’s
- HCV’s
- Off Road Vehicle
- Construction Equipment Vehicles
- Defense Vehicles
- Farm Tractors
Get
Free Sample Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=4794
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