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Automotive Chassis System Market to Reach $120.51 Bn, Globally, by 2025 at 5.7% CAGR | Continental AG, Robert Bosch GmbH, American Axle & Manufacturing, Inc., Magna International Inc., Benteler International AG, ZF Friedrichshafen AG

06-11-2019 07:21 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Automotive Chassis System Market

Automotive Chassis System Market

Increasing demand for low emission & fuel-efficient vehicle, innovations & technological advancements in chassis systems, and rise in automobile production have fueled the growth of the global automotive chassis system market.

Allied Market Research published a report, titled, “Automotive Chassis System Market by Component (Tie-Rods, Stabilizer Links, Suspension Ball Joints, Cross-Axis Joints, Control Arms, and Knuckles & Hubs), Chassis System (Front Axle, Rear Axle, Corner Modules, and Active Kinematics Control), and Vehicle type (Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Construction Equipment Vehicles, Defense Vehicles, and Farm Tractors): Global Opportunity Analysis and Industry Forecast, 2018 – 2025.” The report offers a detailed analysis of top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, key segments, and wavering market trends. As per the report, the global automotive chassis system market was estimated at $76.37 billion in 2017 and is anticipated to hit $120.51 billion by 2025, garnering a CAGR of 5.7% from 2018 to 2025.

Need more details? Request a sample of the “Automotive Chassis System Market” report at https://www.alliedmarketresearch.com/request-sample/1838

Increasing demand for low emission & fuel-efficient vehicle, innovations & technological advancements in chassis systems, and rise in automobile production have fueled the growth of the global automotive chassis system market. On the other hand, fluctuating prices of raw material and decreasing vehicle ownership owing to increasing shared mobility hamper the growth to some extent. Nevertheless, rising electric vehicle production and development of ultra-light chassis system have created multiple opportunities in the market.

The control arms segment to cite the major growth-

Based on component, the control arms segment garnered the largest share in 2017, accounting for one-third of the total market. The stabilizer links segment, on the other hand, is expected to garner the fastest CAGR of 8.6% during the study period.

For purchase enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1838

The farm tractors segment to remain lucrative during the study period-

Based on vehicle, the farm tractors segment is projected to grow at the fastest CAGR of 9.5% during the forecast period. Rising farming activities to fulfill the increasing food demand across the globe has spurred the growth. On the other hand, the cars segment garnered the largest share in 2017, accounting for nearly half of the total market share. Rapid industrialization and rising production of cars to cater to the increasing demand for automotive have worked as the major driving factors.

Asia-Pacific to maintain its dominance through 2018-2025-

Based on geography, the Asia-Pacific region held the largest market share in 2017, accounting for half of the market share. Higher production of automobile has spurred the growth. LAMEA, on the other hand, is anticipated to showcase the fastest CAGR of 8.5% during the forecast period. This is attributed to the untapped markets in the region.

Buy the latest version of this report at: https://www.alliedmarketresearch.com/checkout-final/b533fbf72a383ebf6cd6b24f33cb2124

Frontrunners in the industry-

The key players analyzed in the report include ZF Friedrichshafen AG, Robert Bosch GmbH, Benteler International AG, Gestamp, American Axle & Manufacturing, Inc., Hyundai Mobis, Magna International Inc., Continental AG, AISIN SEIKI Co., Ltd., and Schaeffler AG. These players have incorporated different strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to heighten their stand in the market.

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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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