Automotive Chassis System Market Expected to Reach $120,510 Million, By Leading Industry Player Continental AG, Robert Bosch GmbH, American Axle & Manufacturing, Inc., Magna International Inc., Benteler International AG, ZF Friedrichshafen AG, AISIN SEIKI

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.

According to a recent report published by Allied Market Research, titled,"Automotive Chassis System Market by Component, Chassis system, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global automotive chassis system market was valued at $76,373.0 million in 2017 and is projected to reach $120,510.0 million by 2025, registering a CAGR of 5.7% from 2018 to 2025.

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In 2017, by component, the control arms segment dominated the global automotive chassis system market in terms of revenue. Furthermore, based on chassis system, rear axle is expected to maintain its lead throughout the forecast period. Presently, Asia-Pacific dominates the market, owing to increase in production of automobile, and is expected to maintain the major market chunk throughout the forecast period.

Factors such as increasing demand for fuel-efficient vehicles and rising innovations and technological advancements in chassis systems fuel the growth of the global automotive chassis system market. In addition, rise in automobile production boosts the market growth. However, fluctuating prices of raw material are expected to hinder the growth of the global market. In addition, decreasing vehicle ownership due to increasing shared mobility restricts the growth of the market. On the contrary, rising electric vehicle production and development of ultra-light chassis systems are anticipated to provide growth opportunities for the automotive chassis system market.

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Key Findings of the Automotive Chassis System Market:
The control arms segment in components generated the highest revenue for the global automotive chassis system market in 2017.
In 2017, rear axle segment was the highest revenue contributor to the chassis system market.
Cars segment in the vehicle was the highest revenue contributor of 2017 in the vehicle type category.
The LAMEA region is anticipated to exhibit the highest CAGR during the forecast period.
In 2017, the Asia-Pacific contributed the highest market revenue, followed by Europe, North America, and LAMEA.

Automotive Chassis System Key Market Segments:

By Component

Tie-Rods

Stabilizer Links

Suspension Ball Joints

Cross-Axis Joints

Control Arms

Knuckles & Hubs

By Chassis System

Front Axle

Rear Axle

Corner Modules

Active Kinematics Control

By Vehicle Type

Cars

Light Commercial Vehicles

Heavy Commercial Vehicles

Construction Equipment Vehicles

Defense Vehicles

Farm Tractors

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The key players analyzed in this report are 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.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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