Automotive Chassis Systems Market: Market and Growth Analysis
The automotive chassis systems market is facing a growing demand for lighter and stronger chassis systems. Chassis system made of composite components which would make the chassis lighter and stronger and aerodynamic are some of the key factors in driving the automotive chassis systems market. Light weight and aerodynamic chassis system also enhance the fuel efficiency of the vehicle. Companies manufacturing automotive chassis systems constantly invest in research and development activities for the purpose of innovating new composite materials, which are a mixture of more than one element and are stronger and lighter than traditional components. These chassis systems are much lighter in weight and safer than ordinary chassis systems. Reduction in weight significantly enhances the fuel efficiency of the vehicle. Thus, innovation of this new type of composite material for the manufacture of automotive chassis system is a major driver for the automotive chassis system market. Polymer Matrix Composite, Metal Matrix Composite and Ceramic Matrix Composite are some of the composite materials that have been recently used in the manufacture of chassis components. Obtain Report Details @ http://www.transparencymarketresearch.com/automotive-chassis-systems-market.html Safety of the passengers traveling in the vehicle is constantly improving with time. Usage of better composite materials increasingly makes vehicles safer and lighter than before. Companies are constantly focusing on research and development to improve the design of the vehicle chassis so that it is better equipped to handle the impact at the time of the crash. Based on the types of vehicles, the automotive chassis system market has been segmented into passenger cars, LCVs, ICVs, HCVs, off-road vehicles, construction equipment vehicles, defense vehicles, and farm tractors. The passenger cars segment held the largest share of the automotive chassis system market in terms of revenue in 2014. Off-road vehicles such as dirt bikes and ATVs are popular among adventure lovers in North America and Europe. Furthermore, several sports activities are organized globally. This boosts the demand for off-road vehicles. LCVs was the third largest segment of the automotive chassis system market, as these are the most preferred type of vehicles used for commercial purposes.
Heavy commercial vehicles, also known as multi-axle vehicles, have overall payload capacity of above 16.2 tons. These vehicles are the lifeline of commercial activities and form an integral part of the economy. Emerging economies such as India and China have been experiencing rapid infrastructure development over the past few years. This has increased the demand for HCVs to transport heavy construction equipment and materials. Demand for HCVs is high for the transportation of heavy goods across long distances in the manufacturing and construction sectors. These are the major factors driving the HCV segment. Make an Enquiry@ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4794 Geographically, the global automotive chassis system market has been segmented into four major regions: North America, Europe, Asia Pacific and Rest of the World (RoW). Europe dominated the automotive chassis system market in 2014. Asia Pacific is the most attractive region in the automotive chassis system market. Presence of countries like China, India and Japan is driving the market in the region. China and India enjoys a distinct competitive advantage in terms of quality and cost and this has prompted all the major players in the automotive industry market to setup their manufacturing facility in the region. This is expected to drive the automotive chassis system market further in Asia Pacific. Some of the major players operating in the global automotive chassis system market are Continental AG (Germany), Robert Bosch GmbH (Germany), American Axle & Manufacturing (U.S.), Benteler International AG (Germany) and ZF Friedrichafen (Germanys). About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and
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