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 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.

 

Global Automotive Suspension Market
Global 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
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 since 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 Does This Report Provide?

This report provides a detailed understanding of the automotive suspension market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

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… 

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]ncemarketinsights.com

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Detailed scope covering all the major segments in the market

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