Chassis & Body Market Research Report

drivers shaping the industry share, size, growth, and revenue as well as shares future projections of the values of market associated with this industry. The automotive and transportation industry is experiencing a period of sustained growth as a result of rising disposable incomes, especially in the developing countries of Asia-Pacific. Steadily climbing demand for passenger and commercial vehicles around the world is opening several growth avenues for markets involving automotive chassis and bodies. Moreover, wide potential for advancements in automotive technologies is prompting many industry players to innovate, acquire, and collaborate with a view to diversify their offerings and expand their global footprint. For instance, in May 2019, Schaeffler AG took over XTRONIC GmbH to broaden its chassis and e-mobility portfolio. Furthermore, increasing preference for fuel-efficient vehicles has surged the demand for lightweight chasses and bodies to reduce vehicular carbon emissions. Thus, spreading environmental awareness is further pushing automakers to innovate. Fortune Business Insights™ efficiently tracks and analyzes the constantly changing dynamics of the automotive and transportation industry, among other industries, to arm businesses with updated information