Automotive Suspension Systems Market worth $66.2 Billion by 2018

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MarketsandMarkets Presents
Automotive Suspension Systems Market worth 66.2
Billion by 2018
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• The report "Automotive Suspension Systems Market
  by Vehicle Type (Passenger Car, LCV, HCV),
  System Type (Passive Semi-Active/Active),
  Damping Type (Hydraulic Electromagnetic),
  Geography - Industry Trends Forecast to 2018"
  defines and segments the global automotive
  suspension systems market with analysis and
  projection of the market size in terms of volume
  and value.
•                                   
• Browse more than 108 market data tables and 38
  figures spread through 241 slides and in-depth
  TOC on "Automotive Suspension Systems Market by
  Vehicle Type (Passenger Car, LCV, HCV), System
  Type (Passive Semi-Active/Active), Damping Type
  (Hydraulic Electromagnetic), Geography -
  Industry Trends Forecast to 2018"http//www.mar
  ketsandmarkets.com/Market-Reports/automobile-suspe
  nsion-systems-market-939.htmlEarly buyers will
  receive 10 customization on reports.

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• Asia-Pacific - Potential market for suspension
  systems
• In the last few years, Asia-Pacific has been the
  top market for investments and expansions for the
  automotive industry, as both the leading
  automobile manufacturer and the largest
  automobile market in the world are situated in
  this region. With the vast population and
  increasing disposable income of consumers in the
  countries of China, Japan, and India, important
  premium/luxury passenger car manufacturers, such
  as BMW (Germany), Volkswagen Group (Germany), and
  Mercedes Benz (Germany)have already set up their
  manufacturing units and started producing
  vehicles on a large scale in these countries. As
  most of the premium/luxury passenger cars are
  equipped with semi-active/active suspension
  systems, the Asia-Pacific region acts as a
  potential market for these suspension systems in
  the coming years. The region is expected to
  witness a fast growth in its vehicle production
  levels alongside the growth in the automotive
  manufacturing industry. These factors together
  are expected to uphold the Asia-Pacific regions
  position as the largest market for suspension
  systems from 2013 to 2018. The regions
  suspension systems market is projected to grow at
  a CAGR of 7.06 over the forecasted period.

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• Air Suspension Systems - A growing phenomena
• Air suspension systems, a type of
  semi-active/active suspension, are gradually
  gaining preference from the automotive
  manufacturers as well as the consumers on account
  of the performance advantages they hold over the
  passive suspension systems. Since the disposable
  income of the consumers has increased and their
  attitude towards spending for comfort has become
  more liberal, the demand for air suspension
  systems is increasing gradually. The air
  suspension systems are known for the superior
  ride quality, control, comfort, and performance
  they provide to the driver. But, with the high
  cost of the air suspension systems as well as the
  associated high maintenance costs, the growth in
  the adoption of air suspensions has been slow.
  Continuous advancements in suspension system
  technology are slowly bridging the gap between
  their performance and cost related to the air
  suspension systems. This has led to
  semi-active/active suspension systems slowly
  acquiring the share of passive systems in the
  market. This would give rise to increase in the
  installation of more number of semi-active/active
  suspension systems in vehicles. Presently, air
  suspension systems are widely used in HCVs,
  premium passenger cars, and LCVs segments only.

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