Rising innovations and technological advancements in chassis systems fuel the growth of the global automotive chassis system market

A chassis is a physical structure or a frame of an automobile, the underpart of the motor vehicle on which the body of vehicle is mounted. The global automotive chassis system market would witness substantial growth in the coming future. Although the market has matured, increase in technological improvements in the other automotive segments has led to significant developments in the market. Thus, the number of players in the market is limited but the competition is high for the market share. Hence, product launch with improving technologies and the geographical expansion is expected to increase the growth of the global market.

Increasing demand for fuel-efficient vehicle and rising innovations and technological advancements in chassis systems fuel the growth of the global automotive chassis system market. However, fluctuating prices of raw material are expected to hinder the growth of the market. In addition, decreasing vehicle ownership due to increasing shared mobility is anticipated to restrain the market growth.

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Among the analyzed regions, Asia-Pacific is expected to account for the highest revenue in the global market during the forecast period, followed by Europe, North America, and LAMEA. Moreover, LAMEA is expected to witness the highest growth rate, owing to rise in automobile production. This indicates lucrative prospects for automotive chassis system in the LAMEA region.

The global automotive chassis system market was valued at $76,373 million in 2017 and is projected to reach $120,510 million by 2025, registering a CAGR of 5.7% from 2018 to 2025. Asia-Pacific accounted for the highest revenue share in the global automotive chassis system market in 2017. Chassis is the internal frame that supports all the body parts of the vehicle. It is expected to be light, aerodynamic, and ductile. These qualities of the chassis enhance the fuel efficiency and improve the quality of vehicle. The chassis systems integrate the functions of all the vehicles in different systems. There are additional features available in the chassis systems such as automatic fault detection, which alerts the driver about any malfunction in the system.

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Innovations and technological advancements in chassis systems

Leading automobile manufacturers are producing chassis system with innovations and advancements due to increasing demand for premium and improved performance vehicles. For instance, AUDI AG, one of the leading automobile manufacturer has introduced new Audi A6, which consists of naturally weighted electric-assist steering and dynamic chassis mode that enables automatic shifting of gears and enhances driving experience even on mountain roads, leading to increased demand for such luxurious vehicle. Therefore, innovations and technological advancements in chassis systems will drive the growth of the global automotive chassis system market.

Key Benefits for Automotive Chassis System Market:

This study presents the analytical depiction of the global automotive chassis system market analysis along with the current trends and future estimations to depict the imminent investment pockets.

The overall market potential is determined to understand the profitable trends to gain a stronger foothold.

The report presents information related to the key drivers, restraints, and opportunities of the global automotive chassis system market with a detailed impact analysis.

The current market is quantitatively analyzed from 2017 to 2025 to benchmark the financial competency.

Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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Some of the key players operating in the global automotive chassis system market include Continental AG, Robert Bosch GmbH, American Axle & Manufacturing, Inc., Magna International Inc., Benteler International AG, ZF Friedrichshafen AG, AISIN SEIKI Co., Ltd., Schaeffler AG, Hyundai Mobis, and Gestamp.

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