Automotive chassis system market is expected to reach $120,510 Mn by 2025 | Size, Research, Share

WILMINGTON, OREGON, UNITED STATES, October 31, 2023 /EINPresswire.com/ -- Allied Market Research recently published a report, “Automotive Chassis System Market: Global Opportunity Analysis and Industry Forecast, 2018-2025“. The report provides in-depth analyses of the top investment pockets, competitive landscape, drivers & opportunities, and key strategic moves by key players. According to the report, the global automotive chassis system market accounted for $76.37 billion in 2017 and is expected to reach $120.51 billion by 2025, registering a CAGR of 5.7% from 2018 to 2025.

Surge in demand for fuel-efficient vehicles and technological advancements in chassis systems propel the growth of the global automotive chassis system market. Moreover, rise in automobile production supplement the Automotive Chassis System market growth. However, fluctuating prices of raw materials and inclination to shared mobility hamper the growth of the market. On the contrary, rising vehicle production and development of ultra-light chassis system are expected to create lucrative opportunities for the market players in the near future.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/automotive-chassis-systems-market/purchase-options

Stabilizer links segment to portray fastest growth through 2025

The stabilizer links segment is expected to register the fastest CAGR of 8.6% during the forecast period, as it enhances the safety and comfort of passengers. However, the control arms segment held the largest share in 2017, contributing about one-third of the market share and is expected to dominate the market throughout the study period. The other segments analyzed in the report include tie-rods, suspension ball joints, cross-axis joints, and knuckles & hubs.

Rear axle segment governs the market

In 2017, the rear axle segment held the largest Automotive Chassis System Market share, reaping more than half of the market share, as rear axle are costlier compared to the front axle and undergo more wear and tear. However, the active kinematics control segment is estimated to portray the fastest CAGR of 7.9% during the forecast period, owing to rising usage for complementing the steering system to facilitate the movement of the wheels in automobile production. Other segments such as front axle and corner modules are also analyzed in the report.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬: https://www.alliedmarketresearch.com/request-sample/1838

Farm Tractors segment to manifest fastest CAGR by 2025

The farm tractors segment is expected to register the fastest CAGR of 9.5% from 2018 to 2025, owing to increasing farming activities to fulfill the rising food demand across the globe. However, the cars segments reaped the largest share in 2017, contributing about 46.8% market share, owing to industrialization and rising production of cars to cater to the increasing demand for automotive. The other segments analyzed in the report include light commercial vehicles, heavy commercial vehicles, construction equipment vehicles, and defense vehicles.

Asia-Pacific region to dominate the market

Asia-Pacific region governed the global automotive chassis system market, contributing about half of the market share, owing to higher production and consumption of automobile. However, LAMEA region is expected to manifest the fastest CAGR of 8.5% during the study period, owing to untapped markets in the region. Other regions including Europe and North America are also analyzed in the report.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/1838

Major market players

The leading companies analyzed in the report include Continental AG, American Axle & Manufacturing, Inc., Benteler International AG, Aisin Seiki Co., Ltd., Hyundai Mobis, Robert Bosch GmbH, Magna International Inc., ZF Friedrichshafen, Schaeffler AG, and Gestamp Automocion SA.

David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
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