Automotive Chassis System Market

Surge in demand for fuel-efficient vehicles and technological advancements in chassis systems propel the growth of the global automotive chassis system market.

WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, March 18, 2024 /EINPresswire.com/ -- 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 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.

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

𝐓𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐌𝐚𝐠𝐧𝐚 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐜, 𝐆𝐞𝐬𝐭𝐚𝐦𝐩 𝐀𝐮𝐭𝐨𝐦𝐨𝐜𝐢𝐧 𝐒.𝐀., 𝐙𝐅 𝐅𝐫𝐢𝐞𝐝𝐫𝐢𝐜𝐡𝐬𝐡𝐚𝐟𝐞𝐧 𝐀𝐆, 𝐓𝐨𝐰𝐞𝐫 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥, 𝐈𝐧𝐜., 𝐁𝐞𝐧𝐭𝐞𝐥𝐞𝐫 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐆, 𝐒𝐜𝐡𝐚𝐞𝐟𝐟𝐥𝐞𝐫 𝐀𝐆, 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐀𝐱𝐥𝐞 & 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐈𝐧𝐜, 𝐀𝐢𝐬𝐢𝐧 𝐒𝐞𝐢𝐤𝐢 𝐂𝐨., 𝐋𝐭𝐝., 𝐇𝐲𝐮𝐧𝐝𝐚𝐢 𝐌𝐨𝐛𝐢𝐬 𝐂𝐨., 𝐋𝐭𝐝, 𝐂𝐨𝐧𝐭𝐢𝐧𝐞𝐧𝐭𝐚𝐥 𝐀𝐆

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 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 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/automotive-chassis-systems-market/purchase-options

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.

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.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Asia-Pacific region governed the global automotive chassis system market share, 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.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/1838

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.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

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.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Automotive Advanced High Strength Steel (AHSS) Market - https://www.alliedmarketresearch.com/automotive-advanced-high-strength-steel-market-A06032

Automotive Wheel Market - https://www.alliedmarketresearch.com/automotive-wheel-market

Automotive Diagnostics Market - https://www.alliedmarketresearch.com/automotive-diagnostics-market-A13069

Automotive Brake System Market - https://www.alliedmarketresearch.com/automotive-brake-system-market-A06012

Automotive Filter Market - https://www.alliedmarketresearch.com/automotive-filter-market

David Correa
Allied Market Research
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