DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Automotive Chassis Systems Market: By Component, By Chassis System and By Vehicle Type" report to their offering.
Global automotive chassis systems market will reach $97 billion by 2022 from $71 billion in 2015; growing at a CAGR of 4.5% from 2016 to 2022. In 2015, Europe dominated the market with the maximum contribution in global market revenue.
Automotive chassis systems are attached to the vehicle chassis and used to anchor the other vehicular systems such as suspension systems and steering systems to the vehicle frame. The chassis are expected to be light, sturdy, and with improved aerodynamic quality to improve the fuel efficiency. The improved production of the vehicles has increased the demand for the chassis system parts, which drives the market worldwide. Furthermore, the infrastructure facility improvement also influences the market growth.
In 2015, control arms component segment dominated the global automotive chassis systems. However, knuckle & hubs is expected to witness fastest growth during the forecast period, at a CAGR of 6.6%. Based on chassis systems types, active kinematics control grew at the fastest rate, registering a CAGR of 5.3%, during the forecast period.
Among various geographical regions Europe contributed the maximum revenue share in 2015 and is expected to maintain its lead throughout the forecast period. This could be attributed to various factors, for instance, higher vehicle production and rise in demand for commercial vehicles.
- Aisin Seiki Co.
- American Axle & Manufacturing
- Benteler International AG
- Continental AG
- Gestamp Automocion SA
- Hyundai Mobis
- Magna International Inc.
- Robert Bosch GmbH
- Schaeffler AG
Key Topics Covered:
Chapter: 1 Introduction
Chapter: 2 Executive Summary
Chapter: 3 Market Overview
Chapter: 4 Global Automotive Chassis Systems Market By Components
Chapter: 5 Automotive Chassis Systems Market By Chassis System
Chapter: 6 Global Automotive Chassis Systems Market, By Vehicle Type
Chapter: 7 Global Automotive Chassis Systems Market, By Geography
Chapter: 8 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/5n8jxq/automotive