According to a new market report published by Transparency Market Research “Automotive Chassis Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” the market was valued at USD 65.50 billion in 2014, which is expected to reach USD 86.48 billion by 2021, growing at a CAGR of 4.1% from 2015 to 2021.

The automotive chassis systems market is driven by change in preference of the end users. End users or customers prefer chassis systems that are aerodynamic, and ductile. This aerodynamic chassis system helps in enhancing the fuel efficiency. They are much faster and ductile due to their superior quality designing. Moreover, latest innovation like automatic fault detection in the chassis system which would detect and alert the driver of any kind of malfunction in the chassis system thereby encouraging the end users to upgrade their vehicles.

Browse the full Automotive Chassis Systems Market Report @ :
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Passenger car segment held the largest market share in the automotive chassis systems market, segmented by type of vehicle. This segment is witnessing constant growth in Asia-Pacific and North America. Moreover, there is a growing trend of owing private vehicles in the Asia-Pacific. Purchasing of vehicles has also become much easier due to the easy availability of finance.

In 2014, Europe accounted for the largest market share in the automotive chassis systems market. Change in preference of the customers to smaller and cleaner vehicles is driving the automotive chassis systems market in Europe. Downsizing of chassis, use of upgraded aerodynamic designs and composite compounds help in reduction of weight and making the vehicle stronger at the same time are driving the automotive chassis system market in Europe.

Browse the full Automotive Chassis Systems Market Press Release @ :
http://www.transparencymarketresearch.com/pressrelease/automotive-chassis-systems-market.htm

Key players operating in the automotive chassis system market are Continental AG, Robert Bosch GmbH, American Axle & Manufacturing, Magna International Inc., Benteler International AG, and ZF Friedrichshafen among others.

The market has been segmented as follows:

Global Automotive Chassis Systems Market: By Geography
North America
Europe
Asia Pacific
Rest of the World

The report provides a cross-sectional analysis of all the below segments with respect to the above mentioned regions.

Global Automotive Chassis Systems Market: By Component
Suspension ball joints
Cross-axis joints
Tie-rods
Stabilizer Links
Control arms
Knuckles and Hubs

Global Automotive Chassis Systems Market: By Chassis System
Front axles
Rear axles
Corner modules
Active Kinematics Control

Global Automotive Chassis Systems Market: By Vehicle Type
Cars
LCV’s
ICV’s
HCV’s
Off Road Vehicle
Construction Equipment Vehicles
Defense Vehicles
Farm Tractors

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