Increasing Demand for Comfort, Safety, & Ride Quality Features Inside the Vehicle to Drive the Automotive Suspension Market

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Automotive Suspension Market By Architecture
(MacPherson Strut, Double Wishbone, Multi-link,
Twist Beam, Leaf Spring, Air Suspension), System
Type, Actuation, Component OE Aftermarket,
Vehicle (ICE, BEV, HEV, PHEV), and Region-Global
Forecast To 2025
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Passenger car is estimated to be the largest
segment in automotive suspension
market. Passenger car segment is estimated to be
the fastest growing segment of the automotive
suspension market. Factors such as growing
consumer disposable income and increasing vehicle
ownership with easy finance options have led to
the rise in passenger car sales. Owing to these
reasons, passenger car segment is witnessing
tremendous growth in the Asia Oceania region,
particularly in developing countries such as
India and China. The demand for automotive
suspension in LCVs is also projected to increase
owing to the increasing production in the North
American region as the people are prefer to
travel off road with LCVs. The demand for
automotive suspension in HCVs is also projected
to increase owing to the increasing production in
the North America and Europe region. European
industry OEMs, led by Daimler, Volvo, and VW,
continue to dominate the heavy truck market with
their scale of operations and technological edge,
which is boosting the trucking and transportation
industry in these developed regions. PDF Brochure
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Semi-Active/Active Suspension System is estimated
to be the fastest growing segment of the
automotive suspension market Owing to the
increase in stringency of emissions and fuel
efficiency regulations in the developed regions,
the entry of comparatively lightweight
semi-active/active suspension systems is
estimated to be higher in developed regions such
as North America and Europe. Europe and North
America are projected to witness growth for
semi-active/active system rather than passive
suspension as the manufacturers and customers in
these regions are open towards accepting new
technology. Asia Oceania and RoW regions are
expected witness moderate growth of semi-active
and active suspension system as the consumers in
these regions prefer compact economic cars.
High rate of technological adoption across the
globe will be a driving factor for the growth of
these systems. Request for Customization
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The market is anticipated to grow due to the
growing vehicle production, concern towards
safety comfort, and demand for better ride
performance. Also, the semi-active/active
systems, which are lighter in weight, smaller in
size, and high on performance, are projected to
drive the demand for advanced automotive
suspension systems. The global market has been
segmented on the basis of architecture, system,
active suspension actuation, ICE vehicle,
electric hybrid vehicle, component, aftermarket
component, and region. The air suspension is
estimated to be the fastest and largest in the
automotive suspension market, by architecture, in
terms of value. The increasing demand for cabin
comfort, better control, manoeuvrability, and
stability of the vehicle has led to the
increasing demand for air suspension systems.
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Asia Oceania is estimated to be the leading
market for automotive suspension market. Asia
Oceania comprises countries such as China, Japan,
India, and South Korea and they are witnessing
huge population growth. The region is the worlds
largest producer of suspension systems. Key
automotive manufacturers have shifted their focus
toward this region due to various benefits such
as easy availability of economical labour,
lenient regulations for environment safety,
increased FDI for automotive industry in
countries like India, and growing demand for
vehicles. The increasing concern about quality
and safety is propelling the manufacturers to
develop advanced suspension systems. Hence, the
region is anticipated to have the largest share
of the automotive suspension market. Speak to
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Market Ecosystem The ecosystem of the
automotive suspension market consists of
manufacturers and Tier 1 suppliers such as ZF
(Germany), Tenneco (US), KYB (Japan), Continental
(Germany), Magneti Marelli (Italy), Mando (South
Korea), NHK Spring (Japan), ThyssenKrupp
(Germany), Sogefi (Italy), and Benteler
(Austria). Buy Now https//www.marketsandma
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Browse gtgt 139 market data
tables 54 figures
198 pages and in-depth TOC  "Automotive
Suspension Market by Architecture (MacPherson
Strut, Double Wishbone, Multi-link, Twist Beam,
Leaf Spring, Air Suspension), System Type,
Actuation, Component OE Aftermarket, Vehicle
(ICE, BEV, HEV, PHEV), and Region - Global
Forecast to 2025 Early buyers will receive 10
customization on this report. This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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