Automotive Suspension Market Analysis & Forecast 2024-2030

Global Automotive Suspension Market is expected to reach USD 144487.01 million by 2030 with CAGR of 4.1% between 2024 and 2030

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 a detailed 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 2018 to 2023 and market forecast for 2024 to 2030 based on revenue generated. The study includes market value in terms of revenue in million USD for years 2018-2030 and compound annual growth rate (CAGR) in % from 2024 to 2030. The market is expected to show constant growth between 2024 to 2030.  

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 users to make precise decision 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. Report 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

• Coil Spring
• Leaf Spring
• Air Spring
• Shock Absorber
• Control Arm
• Rubber Bushing
• Link Stabilizer/Sway Bar
• Ball Joint
• Strut

Global Automotive Suspension Market: Application

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

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:

• ZF TRW
• Continental
• Benteler International
• ThyssenKrupp Automotive Systems
• Tenneco
• Magneti Marelli
• Wabco Vehicle
• Mando Corp
• BWI Group
• NHK Spring
• Rassini
• Sogefi
• KYB
• Multimatic
• TrelleborgVibracoustic

Geographical analysis of Global Automotive Suspension Market:

• North America
  • U.S.A.
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Automotive Suspension Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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