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Global Automotive Suspension Market is estimated to reach USD 128078.6 million by 2027, growing at a CAGR of 4.1 % between 2019 and 2027
Automotive suspension is a system that consist of shock absorbers, tires, springs and linkages, which connects the vehicle to its wheels and ensures synchronization in motion of both the wheels. Suspension systems are one of the most important components in an automobile as it supports both the ride quality and handling of a vehicle. In all four wheel vehicles there are two type of suspensions. Front suspension for the front two wheels and rear suspension for the rear wheels. In front wheel drive (FWD) cars, independent suspension is used with variety of beam axles whereas rear wheel drive (RWD) cars has numerous constraints and do not have independent suspensions like FWD cars. All-wheel drive (AWD) cars are having similar suspensions for both its front and rear wheels.
Importance on improved ride control performance, smooth and safe ride with no vibrations for the driver are main reasons which have transformed the overall situation for automotive suspension market. Automotive suspension is very much essential for comfort driving and safety as the suspension carries the vehicle body and transmits all the forces between the body and the road. The automotive suspension system involves of wishbones, spring and the shock absorber to transmit and filter all the forces between the body and the road. It delivers good ride and handling performance and also confirms that the vehicle responds favourably to control forces produced by the tyres during braking and acceleration forces.
The study covers detail analysis, growth and forecast of the Automotive Suspension Market. The report includes market analysis on global and regional level. The study covers historical data analysis from 2014 to 2017 and market forecast for 2019 to 2027 based on revenue generated. The study includes market value in terms of revenue in billion USD for years 2014-27 and compound annual growth rate (CAGR) in % for from 2019-2027. The market is expected to show constant growth between 2019-2027.
The report comprises value chain analysis for each of the product segments. Value chain analysis offers in depth information about value addition at each stage. The study includes drivers and restraints for Automotive Suspension Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Our study Automotive Suspension Market helps user to make precise decision in order to expand their market presence and increase market share.
The report provides Automotive Suspension Market Dynamics ,includes industry growth drivers, challenges, opportunities , risk, constraints as well as threats .Reports also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of Automotive Suspension Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.
Asia pacific witnesses a huge demand for heavy commercial vehicles owing to the presence of automotive hubs such as China, Japan, and India. Heavy commercial vehicles (trucks & buses) work leaf spring and air suspension system. The air suspension system working in buses ensures comfort for passengers and maintains the vehicle height at desired level during the travel. Hence, owing to the increasing production and demand for heavy commercial vehicles, the demand for air suspension is increasing across the globe.
Global Automotive Suspension Market: Component
Global Automotive Suspension Market: Application
Global Automotive Suspension Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Automotive Suspension Market:
Geographical analysis of Global Automotive Suspension Market:
Global Automotive Suspension Market Report delivers comprehensive analysis of :
Base Year Value (2022)
USD 100640.38 million
Forecast Value (2029)
USD 133329.8451 million
CAGR (2022 to 2028)
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW
Automotive Suspension Market was valued at around USD 100640.38 million in 2022 & estimated to reach USD 133329.8451 million by 2029.
Automotive Suspension Market is likely to grow at compounded annual growth rate (CAGR) of 4.1% between 2023 to 2029.
Yes, the report includes COVID 19 impact on the market.
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