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Automotive Chassis System Market to Rake $120,510 million, at 5.7% CAGR during 2020-2025 | Progress and Future Direction of Automotive Chassis Technology with Continental, Robert Bosch, American Axle & Manufacturing, Magna, Benteler, Hyundai Mobis & more

02-11-2020 03:16 PM CET | Tourism, Cars, Traffic

Press release from: Allied Market Research

Automotive Chassis System Market 2020-2030

Automotive Chassis System Market 2020-2030

Automotive Chassis System Market 2020-2030: 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.

Download Report Sample (328 Pages PDF Brochure) https://www.alliedmarketresearch.com/request-sample/1838

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.

The key players analyzed in this Automotive Chassis System Market 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.

Enquire More About Report & Company Profiles of Automotive Chassis System: https://www.alliedmarketresearch.com/purchase-enquiry/1838

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.

At present, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the global automotive chassis system market in 2017, while Russia is expected to grow at a significant growth rate in Europe during the forecast period.

Browse Complete Report & TOC @ https://www.alliedmarketresearch.com/automotive-chassis-systems-market

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

We Have Some More Similar Reports on Automotive systems and accessories:

Automotive Suspension Market 2020 A Look At Car Suspension Systems in Future Automotive Industry to Reach $284 billion by 2022 | https://www.openpr.com/news/1927936/automotive-suspension-market-2020-a-look-at-car-suspension

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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.

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