Automotive Suspension Market By Component (Spring, Shock Dampener, Struts, Control Arms, Ball Joint, Air compressor, Leaf spring), By Vehicle Type (Two-wheeler, Passenger Cars, Commercial Vehicle), By Geometry (Dependent geometry, Semi Independent, Independent geometry), By Suspension Type (Hydraulic Suspension, Air Suspension, Leaf Spring Suspension), By System (Passive System, Semi Active/Active System): Global Opportunity Analysis and Industry Forecast, 2023-2032
Automotive suspension consists of a system of spring, shock absorbers, struts, control arms, and ball joints that connect the vehicle to the wheel and subsequently enable relative motion between the two. The type of geometry and system used to build suspension depends on the camber of the wheel, castor of the hub, toe of the vehicle, and king pin inclination of the control arms. Suspensions keep the tires of vehicle in contact with road. They are used in vehicles to prevent shocks associated with during driving, thus making the ride more comfortable. In addition, they protect vehicles and their cargo from any damage or wear, and provide isolation to vehicles from high-frequency vibrations from tire excitation.
Technological advancements, rise in production of vehicles, and increase in demand for luxury & comfort boost the growth of the global automotive suspension market. In addition, increase in global safety regulations and rise in disposable income are the other factors that propel the market growth. However, continuously strengthening global vehicle standards and high maintenance cost of advanced suspension systems hamper the market growth. Conversely, rise in demand for lightweight suspension system and development of advanced suspension system for two wheelers are expected to create huge opportunities for the growth of market in the coming years.
The increasing emphasis on electric vehicles (EVs) and hybrid vehicles presents a significant growth avenue for the suspension market. EVs, with their unique weight distribution and characteristics, require specialized suspension systems to ensure optimal handling and ride comfort. This burgeoning segment offers opportunities for suspension system manufacturers to develop innovative solutions that cater to the specific needs of electric and hybrid vehicles. Furthermore, the rising popularity of autonomous vehicles has led to a demand for advanced suspension systems capable of delivering a superior ride experience. Autonomous vehicles place a premium on passenger comfort, as occupants become more focused on in-car activities rather than driving. As a result, the development of adaptive and precision-controlled suspension technology is becoming paramount, offering opportunities for suppliers to provide cutting-edge solutions to automakers.
The global automotive suspension market is segmented into system, component, geometry, suspension type, vehicle type, and region. On the basis of system, the market is categorized into passive system and semi-active/active system. Depending on component, it is classified into spring, shock dampener, struts, control arms, ball joint, air compressor, and leaf spring. By geometry, it is categorized into dependent, semi-independent, and independent suspension. According to suspension type, it is fragmented into hydraulic, air, and electro-magnetic suspension. Depending on vehicle type, it is categorized into two-wheelers, passenger cars, and commercial vehicles. The market is analyzed on the basis of four regions, North America, Europe, Asia-Pacific, and LAMEA.The key players analyzed in the global automotive suspension market include Continental AG, Fox Factory, Inc., Gabriel India Limited, Hendrickson USA, L.L.C., KYB Corporation, Mando Corporation, Sogefi S.P.A., Tenneco INC., Wabco, and ZF TRW.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive suspension market analysis from 2022 to 2032 to identify the prevailing automotive suspension market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive suspension market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive suspension market trends, key players, market segments, application areas, and market growth strategies.
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
SWOT Analysis
Key Market SegmentsBy GeometryDependent geometry
Semi Independent
Independent geometry
By Suspension TypeHydraulic Suspension
Air Suspension
Leaf Spring Suspension
By SystemPassive System
Semi Active/Active System
By ComponentSpring
Shock Dampener
Struts
Control Arms
Ball Joint
Air compressor
Leaf spring
By Vehicle TypeTwo-wheeler
Passenger Cars
Commercial Vehicle
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersWABCO Holdings Inc.
HL Mando Corp.
Sogefi SpA
Hendrickson USA LLC
Tenneco Inc.
ThyssenKrupp AG
Continental AG
Gabriel India Ltd (ANAND Group)
KYB Corporation
FOX Factory, Inc.
Please Note: It will take 7-10 business days to complete the report upon order confirmation.