Automotive Suspension Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2020 – 2030

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Automotive Suspension Market
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The Global Automotive Suspension Market

• The Global Automotive Suspension Market was
  valued at US 43.03 billion in 2021 and is
  predictable to reach US 57.56 billion by 2030
  which is projected to attain a CAGR of 3.3
  during the forecast period from 2021- 2030.
• Automotive suspension comprises a system of
  springs, shock absorbers, struts, control arms,
  and ball joints that connect the vehicle to the
  wheel and allow relative motion between the two.
  The camber of the wheel, castor of the hub, the
  toe of the vehicle, and kingpin inclination of
  the control arms all influence the geometry and
  system utilized to design suspension.

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Suspension System Assist

• The growing need for vehicle comfort and safety,
  as well as the increasing adoption of air
  suspension systems in heavy commercial vehicles,
  are driving demand for automotive suspension.
• Suspension systems assist in maintaining the
  vehicle tires in contact with the road during the
  trip, reducing shocks, and protecting the vehicle
  and its cargo from damage or wear. Furthermore,
  it protects the car from high-frequency
  vibrations caused by tire excitation.

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Growing Sales of Electric vehicles
Growing Sales of Electric vehicles are
anticipated to boost the market growth during the
forecast period.

• Some of the primary factors fueling the adoption
  of electric vehicles are technological
  breakthroughs in EV charging and significant
  expenditures from automakers in EVs. Increased
  electric car sales are predicted to drive the
  market expansion for the automotive suspension
  market.
• However, the market growth is expected to be
  hampered by factors such as improved global
  vehicle regulations and the high maintenance
  costs of modern suspension systems.
• The passenger vehicle segment is expected to be
  the fastest expanding. Hence, the increase of the
  suspension system is proportional to the volume
  of passenger vehicles produced. Independent
  suspension systems have become more common in
  modern cars as the need for comfort and safety
  features has grown.

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Suspension is Crucial for Automotive Elegance and
Comfort

• Suspension is crucial for automotive elegance and
  comfort, as well as reducing cabin vibrations.
  Traditional suspension components are made of
  steel or steel alloys, such as stainless steel
  and carbon steel. On the other hand, these
  materials are heavier and have a lower strength
  than other materials. Automotive lightweight
  materials such as aluminuim, carbon fibre, and
  titanium alloys have been produced for use in the
  manufacturing of suspension system components as
  a result of technological developments in the
  automotive industry. Furthermore, due to a surge
  in demand for fuel-efficient vehicles and the
  implementation of stringent vehicular emission
  regulations, automotive lightweight materials are
  expected to see widespread adoption in the
  automotive industry, providing a lucrative growth
  opportunity for the automotive suspension market
  in the upcoming years.
• The Asia Pacific has developed as a center for
  automobile production in recent years, owing to
  shifting customer preferences, increased per
  capita income of the middle-class population, and
  cost advantages for OEMs. Compact and
  cost-effective cars are popular among consumers
  in the region.

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Segmentation and Scope of the Global Automotive
Suspension Market

• By Components
• Shock Dampener
• Control Arms
• Air compressor
• Spring
• Struts
• Ball Joint
• Leaf spring
• By Vehicle Type
• Passenger Cars
• Two-wheeler
• Commercial Vehicle

• By Geometry
• Independent geometry
• Semi Independent
• Dependent geometry
• By Suspension Type
• Air Suspension
• Hydraulic Suspension
• Leaf Spring Suspension
• By System
• Semi Active/Active System
• Passive System

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Key Market Players
Prominent players in the Global Automotive
Suspension Market among other includes.

• Fox Factory Inc.
• Hendrickson Usa L.L.C.
• Mando Corporation
• Tenneco Inc.
• Zf Trw (Subsidiary of Zf Friedrichshafen Ag)
• Continental AG
• Gabriel India Limited
• Kyb Corporation
• Sogefi Spa
• Wabco

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