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    Automotive Suspension Market Analysis | 2020-2025

    Automotive Suspension Market Analysis | 2020-2025
    Report code - SRTI127 Published On : Dec,2016 No. of Pages: 386
    Automotive Suspension Market Size, Share, Trend, Forecast & Competitive Analysis: See more...

    Market Highlights

    The Automotive Suspension Market offers healthy growth prospects of >4% CAGR over the next five years, reaching $68.53 billion by 2025.

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    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 road irregularities. 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.

    Market Drivers

    Increasing annual production of passenger cars, light commercial vehicles, 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 driving factors.

    Segments Analysis

    Automotive-Suspension-Market-Dominant-Segments

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    By Vehicle Type

    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.

    By System Type

    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.

    By Architecture Type 

    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.

    By Damping Type 

    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.

    Regional Analysis

    In terms of region, Asia-Pacific dominated the global automotive suspension market in terms of value, followed by Europe, North America, and Rest of the World. The region is likely to remain the largest market during the forecast period; 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.

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    Key Players

    The global automotive suspension market is moderately consolidated with the presence of more than 200 global as well as regional players. Top 10 key players are- 

    • Benteler International AG
    • KYB Corporation
    • Magneti Marelli S.P.A.
    • Mando Corp
    • Mubea Fahrwerksfedern GmbH
    • NHK Springs Co., Ltd
    • Rassini
    • Tenneco Inc
    • ThyssenKrupp AG
    • ZF Friedrichshafen AG

    Note: The above list does not necessarily include all the top players in the market.

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    Research Methodology

    For calculating the market size, our analysts follow either a Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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. We leverage a multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    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

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players).
    • SWOT analysis of key players (up to 3 players).

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    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

    Frequently Asked Questions (FAQs)

    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.

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