Market Highlights: Chassis is the internal frame that supports all the body part of the vehicle. It is expected to be light, aerodynamic and ductile. These qualities of the chassis enhance the fuel efficiency and improve the quality of vehicle. The chassis systems integrate the functions of all the vehicles in different systems. There are additional features available in the chassis systems such as automatic fault detection, which alerts the driver about any malfunction in the system. The main factors that drive the growth of the global chassis system market include increase in demand for fuel efficient vehicle, surge i innovation and technological advancements and rise in automobile production. The market study is being classified by Type (Suspension Ball Joints, Cross-axis Joints, Tie-rods, Stabilizer Links, Control Arms and Knuckles and Hubs), by Application (Passenger Car, Commercial Vehicle and Heavy Duty Vehicle) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Chassis Systems are Continental (Germany), ZF (Germany), Robert Bosch GmbH (Germany), American Axle & Manufacturing (United States), Magna (Canada), Aisin Seiki (Japan), Tower International (United States), Benteler (Germany), CIE Automotive (Spain) and Schaeffler (Germany).
The Material, such as High Strength Steel, is boosting the Chassis Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights
Key Questions Answered in the Report What will the Chassis Systems Market size and the growth rate be in Future? What are the key factors driving the Chassis Systems Market? What are the key market trends and macro-economic impacting the growth of the Chassis Systems Market? What are the challenges to market growth? Who are the key vendors in the Chassis Systems Market? What are the market opportunities and threats faced by the vendors in the Chassis Systems Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Chassis Systems Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Chassis Systems market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Chassis Systems market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.