404
+1-313-307-4176
sales@stratviewresearch.com
Automotive Suspension Market
Automotive Suspension Market Size, Share, Trend, Forecast & Industry Analysis: 2020-2025
“The global automotive suspension market offers healthy growth prospects of CAGR >4% over the next five years to reach $68.53 billion by 2025.”
Want to get a free sample? Register Here
The suspension includes many components: shock absorbers, struts, leaf springs, coil springs, stabilizer bars, control arms, ball joints, torsional bars, and many more. All the vehicles must have a suspension system to provide a smooth ride and reduce vibration caused by irregularities of the road.
Over a period, the automotive industry has experienced a significant change in the suspension technology, material, style, design, etc. There are countless styles of suspension components available worldwide featuring different advantages. At present, the development of lightweight suspension components is the key focus of automakers to meet stringent regulations of various countries.
Increasing annual production of passenger cars, light commercial vehicles, and medium & heavy-duty commercial vehicles, increasing global automotive fleet size, increasing need for lightweight suspension systems to achieve stringent regulations, such as CAFÉ Standards, increasing customer expectation related to vehicle comfort, safety, stability, and control, and increasing need for suspension with reduced space are some of the major drivers of the market.
Want to get a free sample? Register Here
“Passenger car dominates the market.”
The automotive suspension system market is segmented into Passenger cars, Light Commercial vehicles, and Medium and heavy-duty Commercial vehicles. Passenger car is expected to remain the largest segment for automotive suspension over the next five years. The segment is also likely to witness the highest growth during the same period driven by high annual production of passenger cars, large passenger car fleet size, increasing demand for lightweight suspension components, and continuous advancement in suspension components.
“The passive suspension system dominates the market.”
There are four types of suspension systems used in the automotive industry: passive suspension system, semi-active, active, and air suspension. The passive suspension system was the most widely used system type in all the vehicle segments, however, the active suspension system is expected to possess the highest growth during the forecast period.
“Semi-independent/independent architecture dominates the market.”
The automotive suspension market is segmented into Dependent and Semi-Independent/ Independent. Semi-independent/independent architecture dominated the global automotive suspension market in terms of value, followed by dependent architecture.
Air suspension and double wishbone & multi-link (both part of semi-independent) are expected to witness the highest growth over the next five years.
“Hydraulic/pneumatic-based suspension dominates the market.”
There are two types of damping systems used in the automotive industry: hydraulic/pneumatic and Electromagnetic. Hydraulic/pneumatic-based suspension is likely to remain the largest damping type during the forecast period.
Electromagnetic damping is a relatively new technology and is rapidly gaining market acceptance mainly in luxury and premium cars. Currently, it is a very small market but is likely to experience huge growth in the coming years.
“Asia-Pacific accounted for the largest market share.”
Asia-Pacific dominated the global automotive suspension market in terms of value, followed by Europe, North America, and Rest of the World. However, the Rest of the World is likely to be the fastest-growing region, driven by the expected recovery of the Brazilian automotive industry after 2016 and upcoming assembly plants in the Middle East and Africa regions.
Want to get a free sample? Register Here
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the global automotive suspension market (based on dominance).
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
|
Key questions this report answers |
Relevant contents in the report |
|
How big is the sales opportunity? |
In-depth Analysis of the Automotive Suspension Market |
|
How lucrative is the future? |
The market forecast and trend data and emerging trends |
|
Which regions offer the best sales opportunities? |
Global, regional, and country-level historical data and forecasts |
|
Which are the most attractive market segments? |
Market Segment Analysis and Forecast |
|
Who are the top players and their market positioning? |
Competitive landscape analysis, Market share analysis |
|
How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, Life cycle analysis |
|
What are the factors affecting the market? |
Drivers & challenges |
|
Will I get the information on my specific requirements? |
10% free customization |
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Automotive Suspension Market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
Automotive Suspension is the system in which the tires, springs, linkages, and similar other components help connect the vehicle with the wheels and develop motion. Smoothening the ride and increasing vehicle life are some of the important functions of the system. The Automotive Suspension system is most commonly known to increase the friction between the road and the tires for better stability. Thus, it accelerates better ride quality.
Driven by several factors like the increasing need for lightweight suspension systems to achieve stringent regulations, the automotive suspension market is projected to reach an estimated value of $68.53 billion in 2025.
In terms of region, Asia-Pacific is likely to dominate the market during the forecast period of 2020-2025.
The active suspension system is expected to witness the highest growth during the forecast period of 2020-2025.
Passenger car is expected to remain the largest segment in the automotive suspension market in the coming years.
Increasing annual production of passenger cars, light commercial vehicles, and medium & heavy-duty commercial vehicles, and increasing global automotive fleet size are the factors driving the growth of the automotive suspension market.
Why are We Class Apart?
We Track Fast-Changing Market Dynamics for Clients
Our Intelligence is Powered by Industry Voice
>60% of the First Buyers Come Back to Us
>95% Client Satisfaction Ratio, the Industry's Highest
We Serve Companies Across the Value Chain
Know High Growth Opportunities
WE ACCEPT
