The report titled “Automotive Suspension Market” sheds a concentrated focus on the Automotive Suspension industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.
The Global Automotive Suspension Market is projected to grow at a CAGR of 3.88%, during the forecast period, from an estimated US$ 50.76 Billion in 2017 to US$ 68.84 Billion by 2025. This report spread across 198 Pages, Profiling 10 Companies and Supported with 139 Tables and 54 figures is now available in this research.
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Major Vendors profiled in the Automotive Suspension Market:
- ZF (Germany)
- Tenneco (US)
- KYB (Japan)
- Continental (Germany)
- Magneti Marelli (Italy)
- Mando (South Korea)
- NHK Spring (Japan)
- ThyssenKrupp (Germany)
- Sogefi (Italy)
- Benteler (Austria)
The market for air suspension systems is projected to grow at the fastest CAGR during the forecast period from 2017 to 2025. The factors such as increasing production of trucks, customer demand for cabin comfort, better control, maneuverability, and stability of the vehicle have led to an increase in the demand for air suspension systems. The demand for luxury buses primarily drives the market for air suspension.
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The passive system is projected to be the largest segment of the automotive suspension market, by system. The passive suspension system is equipped in all kind of architectures such as MacPherson, double wishbone, twist beam, and leaf spring. Majority of the present-day vehicles are equipped with this type of suspension systems as they are easy to install, repair, and economical than the semi-active and active systems.
Asia Oceania is estimated to dominate the automotive suspension after market during the forecast period. It is the largest as well as the fastest growing market. The Asia Oceania region comprises of emerging economies such as China and India along with developed economies such as Japan. Asia Oceania is the largest producer of economical cars in the world. Asia Oceania region is expected to show maximum usage of aftermarket components as the road infrastructure is not good, which can damage the suspension system components and increase the need for replacement.
Competitive Landscape of Automotive Suspension Market:
2 Automotive Suspension Market: Market Share Analysis
3 Competitive Situations & Trends
3.2 Supply Contracts
3.3 New Product Launches/Developments
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