Global Automotive Suspension Market Report, 2017 – 2024

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Global Automotive Suspension Market Report, 2017
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Automotive Suspension Market

• Increasing traffic congestion, population, high
  fuel mileage, lower emission are the major
  factors driving two-wheeler industry thus,
  driving the automotive suspension market.
• Growth in the automobile industry is intensifying
  automotive suspension market. The product helps
  in providing synchronization and direction to the
  wheels. It is a linkage between various system of
  vehicles and supports both handling and ride
  quality.
• Automotive suspension market is segmented based
  on system including, active, passive and semi
  active. Various components are used in the
  product including spring, ball point, struts,
  leaf string and air compressor.

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Continued...

• Rising income, growing rural infrastructure,
  specially increasing women commuters are major
  reasons that drives two wheelers demand for the
  region. High population in both the countries is
  another factor responsible for rise in demand for
  two wheelers.
• Europe holds the major share for automotive
  suspension market due to growing automotive
  industry in the region. Germany is major region
  for vehicle production, it accounts for over 25
  of the total European automobile sector.
• Some of the prominent players are Multimatic,
  Kumpulan Belton Berhad, BWI Group, Magnetic
  Marelli, ZF TRW, Wabco, Fox Factory Tenneco,
  Gabriel India Limited, Sogefi SpA and Tinsley
  Bridge Group.

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360 Analysis

• Product Analysis
• The product is a system of springs, tires, shock
  absorber and linkages that connects a vehicle to
  the wheel for relative motion between the two. It
  is an essential component for car manufacturing,
  it gives direction and coordination between all
  the wheels present in the vehicles.
• Regional Analysis
• The U.S. is one of the largest car manufacturer
  in the world. Economy of the region is powered by
  combination of cheap gas, easy credit and pent up
  demand, unemployment rate of the country is below
  5 that creates plenty of opportunity for vehicle
  sales and demand.
• Competitive Market Share
• Companies are adopting different strategies to
  capture automotive suspension market including,
  expansion, merger, acquisition and new product
  launch. For instance, BWI Group expands its
  facility to keep pace with international growth.

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