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The Asia Pacific automotive chassis systems market is expected to register a CAGR of 5.02% during the forecasted period, 2019-2027. The introduction of customized electric vehicles, the launch of sports cars with improve chassis systems, and increasing demand for raw material components, are driving the market growth. The Asia Pacific region is estimated to witness significant growth in terms of revenue.
The Asia Pacific automotive chassis systems market is evaluated on the basis of markets across the regions, such as Japan, China, India, South Korea, and the Rest of Asia Pacific. There is a significant increase in automotive sales in India and China, owing to urbanization and increased purchasing power. This, in turn, drives the growth of the automotive chassis systems market in the Asia-Pacific. Automotive manufacturers in Japan are introducing minicars, which fuels market growth. The cost of raw materials required for the automotive chassis system fluctuates, which hampers the market growth. The increasing costs of metals like carbon, aluminum, also hamper its adoption as raw materials, which affects the market growth.
The automotive manufacturers and companies are estimated to benefit from the increasing demands with regards to customized chassis systems, and automobile sector. Some of the major companies are Hyundai Mobis Co. Ltd., ZF Friedrichshafen Ag, Tower International, Inc., Schaeffler Ag, Magna International Inc., Gestamp Automoción S.A., Continental Ag, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments