The automotive chassis system market is poised for growth with rising demand for lightweight and fuel-efficient vehicles, driving innovation.Wilmington, Delaware, United States, Oct. 06, 2023 (GLOBE NEWSWIRE) Transparency Market Research Inc. - The automotive chassis system market was estimated to have acquired US$ 59.7 billion in 2021. It is anticipated to register a 5.1% CAGR from 2022 to 2031, and by 2031; the market is likely to gain US$ 98.6 billion. As electric and autonomous vehicles g
US$ 95 Bn by
3 % during the forecast period.
Global Automotive Chassis Systems Market:
According to the report, the global Automotive Chassis systems market is expected to expand at a CAGR of
3%, with rise in global production of vehicle
Revival of economy with rapid industrialization in emerging economies of Asia Pacific and Rest of the World is anticipated to drive the automotive chassis system market during the forecast period
Expansion of Global Automotive Chassis Systems Market
There has been an increase in construction activities in the developing countries of Asia Pacific and RoW. These construction activities depend highly on construction equipment vehicles. HCVs, and LCVs are also required for the transportation of raw materials from one point to another. Thus, these manufacturers of construction equipment vehicles need to constantly design the chassis system to suit the needs of construction activities in that particular area. This would fuel the demand for au