Comprehensive Overview of the Automotive Suspension Market
Maximize Market Research is pleased to present an insightful report on the “Automotive Suspension Market”. Our research employs a thorough and foundational approach to analyze the market, considering subjective factors that provide crucial business perspectives for readers. The market overview in this report allows stakeholders to delve into the value chain structure, geographical analysis, applications, market size, and forecasts.
Highlights of the Automotive Suspension Market
Automotive Suspension Market was valued at US$ 43.47 Bn. in 2022. Global Automotive Suspension Market size is expected to grow at a CAGR of 3.5 % through the forecast period.
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Automotive Suspension Report Coverage and Methodology
This report primarily focuses on identifying the key drivers and restraints for major companies, providing a comprehensive evaluation of current competitive benchmarking and development prospects. It delivers a detailed analysis of Automotive Suspension trends, future insights, and recent market changes, encompassing aspects of the demand chain, supply chain, and sales. Vital information, such as Company Profiles, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin, and Sales by Product in the Automotive Suspension research, is also included.
Regional Insights for the Automotive Suspension Market
The global Automotive Suspension report conducts an in-depth assessment of growth trends across regions. The report strategically segments major regions, including North America, Asia Pacific, Europe, South America, and the Middle East and Africa, all of which play a pivotal role in shaping the Automotive Suspension at a global level.
Automotive Suspension Segmentation
Global Automotive Suspension Market Size, by System (2023-2029)
• Passive
• Active
• Semi-Active
Depending on System The passive market category held the top spot in 2022 with 83.73%. This suspension system, which is also the most popular suspension system, is included in the majority of ordinary passenger cars. This passive mechanism is extensively used by all inexpensive cars. Additionally, accessibility improves the viability of jobs associated to replacement and maintenance. This system is also a good pick for low- and mid-range vehicles due to its price.
Between 2022 and 2029, the market for active suspension systems is anticipated to expand at the fastest rate. The vertical motion of the vehicle’s wheels in respect to its body or chassis is controlled by this system. Active suspension systems come in a variety of designs and are frequently used in luxury vehicles.
Global Automotive Suspension Market Size, by Component (2023-2029)
• Shock Dampener
• Struts
• Control Arm
• Ball Joint
• Air Compressor
Based on the component, the shock dampener market share was the largest in 2022 and is anticipated to continue to have a monopoly going forward. By minimising vibrations brought on by a variety of driving conditions, shock absorbers enhance ride quality. In light of this, it is anticipated that the market would expand due to the increase in demand for a number of applications, such as commercial transportation, military vehicles, and other ones. The development of shock dampeners is anticipated as a result of increased manufacturer focus on improving the dampening capacity of the vehicle suspension system.
The struts market share was the second-largest in 2022. The strut provides vertical support for the car’s suspension system. The majority of the strut is made up of the shock absorber, which absorbs bumps and dampens vibrations on uneven roadways.
Global Automotive Suspension Market by Suspension Type
Hydraulic Suspension
Air Suspension
Leaf Spring
Based on Suspension Type, Hydraulic Suspension had the largest market share in 2022 because of its widespread use in the automotive industry. Hydraulic suspensions respond more swiftly than their substitutes. They consequently produce a stronger ride than others. The technology also offers distinct shocks so that users can entirely customise their experiences. Additionally, the most common automobile suspension system nowadays is the MacPherson Strut, which can be found in almost all passenger cars. It uses a hydraulic mechanism to release absorbed vibration energy on uneven roads.
Global Automotive Suspension Market by Vehicle Type
Two Wheelers
Passenger Cars
Commercial Vehicles
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Table of Content: Automotive Suspension
Part 01: Executive Summary
Part 02: Scope of the Automotive Suspension Report
Part 03: Automotive Suspension Landscape
Part 04: Automotive Suspension Sizing
Part 05: Automotive Suspension Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Players in the Automotive Suspension Market
1. ZF Friedrichshafen AG (Germany)
2. Continental AG (Germany)
3. Mando Corporation (South Korea)
4. Thyssenkrupp AG (Germany)
5. Morelli Corporation (Japan)
6. KYB Corporation (Japan)
7. Tenneco Inc. (U.S.)
8. BENTELER (Austria)
9. NHK Spring (Japan)
10. Sogefi S.P.A (Italy)
11. WABCO (France)
12. FOX Factory, Inc. (U.S)
Key questions answered in Automotive Suspension are:
- What is the current growth rate of the Automotive Suspension Market?
- Who are the key players in the Automotive Suspension Market?
- What are the factors affecting growth in the Automotive Suspension Market?
- What are the global trends in the Automotive Suspension Market?
- What is the expected demand for different types of products in the Automotive Suspension during the forecast period?
Key Offerings – The Bountiful Treasures
- Bestow upon your quest the treasure map, leading to Market Share, Size, and Revenue Forecast|2023-2029.
- Equip yourself with the magic key – Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends.
- Unlock the hidden gates of Market Segmentation, where the arcane secrets of Automotive Suspension await your perusal.
- Stand among the giants as you survey the Landscape – Leading key players and other illustrious participants.
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