Automotive Chassis Systems Market | Global Industry Growth Analysis 2019-2027


Clivecooper

Uploaded on Jan 24, 2020

Category Automotive

The automotive chassis systems market is expected to register CAGR of 4.60% during the forecast period, and will reach revenue of $114575 million by 2027

Category Automotive

Comments

                     

Automotive Chassis Systems Market | Global Industry Growth Analysis 2019-2027

Automotive Chassis Systems Market 2019-2027 The global automotive chassis systems market is estimated to register a CAGR of 4.60% during the forecast period. The infrastructural developments, technological advancements, increased demands for low-emission vehicles, and rising demands for automobiles, are the factors propelling the growth of the market. • There is an increase in the demand and production of automobiles which is propelling the automotive chassis systems market growth. • The increasing adoption of electric vehicles due to stringent regulations by the governments with regards to emissions, is estimated to result in growth opportunities for the market. • The chassis used in electric vehicle differ from that of the motor powered vehicle. • The increase in the production of lightweight automotive chassis systems due to the rising demands of fuel-efficient vehicles is expected to result in ample opportunities for the growth of the market. • Geopolitical turmoil and cost-related pressure from the consumer end pose as threats to the growth of the market. “Global Automotive Chassis Systems Market is estimated to register a CAGR of 4.60% during the forecast period.” https://www.inkwoodresearch.com/reports/automotive-chassis-systems-market/ The North America automotive chassis systems market is estimated to record a CAGR of 2.68% during the forecast period. The Europe automotive chassis systems market is estimated to grow at a CAGR of 4.12% during the forecast period. The Asia Pacific automotive chassis systems market is expected to register a CAGR of 5.02% during the forecasted period, 2019- 2027. The major companies in the region are ZF Friedrichshafen Ag, Continental Ag, Hyundai Mobis Co. Ltd., Schaeffler Ag, Magna International Inc., Gestamp Automoción S.A., Tower International, Inc., etc.