Automotive Suspension Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2020 – 2030 - PowerPoint PPT Presentation

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

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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. – PowerPoint PPT presentation

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


1
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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  • CONTACT NO1-339-368-6383

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