Global Automotive Suspension Market, By System Type (Passive, Semi-Active, Active, Adaptive), By Veh

Published Date: April 2019 | Report Code : AT1931662

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Global Automotive Suspension Market, By System Type (Passive, Semi-Active, Active, Adaptive), By Vehicle Type (Passenger Vehicles, Commercial, Electric, Defense, Construction, Farm Tractors, Others), By Damping Type (Air Suspension, Hydraulic Suspension, Leaf Spring Suspension, Others), By Material (Steel, Composites, Others), By Component (Ball Joint, Leaf Spring, Air Spring, Air Compressor, Shock Damper, Control Arms, Struts), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting(2016-2028)

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Domain : Automotive

Report Code : AT1931662

Status : Published April 2019

The Automotive Suspension Market is projected to reach USD 75.85 billion by 2028 at a CAGR of 4.1% during the forecast period. Increasing focus on vehicle stability at high speed is one of the key factors driving the technological development and market growth of the automotive suspension market. A suspension system is one of the most important systems of an automobile. It is a flexible system that connects the wheels to the mainframe and enables relative motion between the two. This system has several uses in the functioning of automobiles.

Automotive Suspension Market

It enables relative motion without causing any damage or deformation to the main structure or any of the components. It supports the entire mainframe that includes the weight of other components and passengers. It provides stability to the vehicle by maintaining a firm contact between the tires and the road, and also by working with the steering system to keep the vehicle in correct alignment. While taking sharp turns, vehicles have the tendency to roll along its lateral axis and the suspension system is needed to control this. When accelerating, there is a tendency of the front of the vehicle to roll along its longitudinal axis causing the vehicle to lose contact with the surface which is prevented by the suspension system. Similarly, while braking the rear of the vehicle tends to lose contact and is also prevented by the suspension system. It absorbs the shocks caused by bumps and other irregularities on the road and makes the ride smooth and comfortable for the passengers.

Global Automotive Suspension Market

The Asia Pacific region is expected to account for a major share of the automotive suspension market, owing to the increase in vehicle safety norms. For instance, in India, air suspension systems have been made mandatory for buses and heavy trucks for the past few years. Also, Asia Pacific has been one of the major regions by vehicle production activities.

The passenger vehicle type segment is expected to lead the automotive suspension market, due to increasing passenger vehicle safety norms and rise in the disposable income of consumers in various regions. 

Key Factors Impacting Market Growth:

  • Development of various suspension materials to withstand extreme operating conditions
  • Technological advancements enabling enhanced stability at very high speeds growing its demand in racing cars and other high-speed vehicles.
  • Growth in the passenger automobile market fueling the demand for suspension systems

What This Study Provides:

  • Global market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • Regional market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • National market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • Extensive details and analysis of contracts, projects, and program
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Analysis of game changing technological trends and how these will shape the industry
  • Explanation or political, regulatory and technical factors to consider
  • Barriers to entry analysis for markets around the world
  • Profiles of leading companies operating within the sector with market share analysis
  • SWOT analysis of the market, together with the opportunities available and the key threats faced
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • Market conclusions & recommendations

Market Segmentation:

By System Type:

  • Passive
  • Semi-Active
  • Active
  • Adaptive

By Vehicle Type:

  • Passenger (2 Wheelers, 4 Wheelers, etc.)
  • Commercial (Heavy CV, Light CV, Buses, and Coaches)
  • Electric
  • Defense
  • Construction
  • Farm-Tractors
  • Others         

By Damping Type:

  • Air Suspension
  • Hydraulic Suspension
  • Leaf Spring Suspension
  • Others

By Material:

  • Steel
  • Composites
  • Others

By Component:

  • Ball Joint
  • Leaf Spring
  • Air Spring
  • Air Compressor
  • Shock Damper
  • Control Arms
  • Struts

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By System Type
    • By Vehicle Type
    • By Damping Type
    • By Material
    • By Component
  • Western Europe
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By System Type
    • By Vehicle Type
    • By Damping Type
    • By Material
    • By Component
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By System Type
    • By Vehicle Type
    • By Damping Type
    • By Material
    • By Component
  • Middle East
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By System Type
    • By Vehicle Type
    • By Damping Type
    • By Material
    • By Component
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By System Type
    • By Vehicle Type
    • By Damping Type
    • By Material
    • By Component
  • Rest of the World
    • By Region (Latin America, Brazil, Rest of the World)
    • By System Type
    • By Vehicle Type
    • By Damping Type
    • By Material
    • By Component

Companies Covered: KYB Corporation, Hendrickson USA, L.L.C, Gabriel India Limited, FOX Factory, Inc., WABCO, Continental AG, ZF TRW, Magneti Marelli S.p.A,, Tenneco Inc., Sogefi SpA, Tower International, F-TECH INC., F&P America, Multimatic Inc., BWI Group, Tinsley Bridge Group Unity Automotive, Kumpulan Belton Berhad… 

Years Considered In The Study

 

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR % (2019-2028)

4.1

 

Key Questions Answered By This Report:

  • How is the automotive suspension market evolving?
  • What is driving and restraining automotive suspension dynamics?
  • How will each automotive suspension submarket segment grow over the forecast period and how much Sales will these submarkets account for in 2028?
  • How will market shares of each automotive suspension submarket develop from 2019-2028?
  • Which automotive suspension submarket will be the main driver of the overall market from 2019-2028?
  • How will political and regulatory factors influence regional automotive suspension markets and submarkets?
  • Will leading national automotive suspension broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
  • How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
  • Who are the leading players and what are their prospects over the forecast period?
  • How will the sector evolve as alliances form during the period between 2019 and 2028?

Reasons To Buy This Report:

  • Market size estimation of the automotive suspension market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

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