Global Automotive Suspension System Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Automotive Suspension System Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Automotive Suspension System market size was valued at USD 51440 million in 2023 and is forecast to a readjusted size of USD 68660 million by 2030 with a CAGR of 4.2% during review period.

Automotive Suspension System is the vehicle frame and the axle or between the wheels of all power transmission device connected to the general term, its role is to transfer between the wheel and the frame force and torque, and the buffer from the uneven road surface to the frame Or body impact, and attenuate the resulting vibration to ensure that the car can run smoothly. Typical suspension system structure consists of elastic elements, guide mechanisms and shock absorbers and other components, the individual structure is also a buffer block, lateral stabilizer bar. The elastic elements are leaf springs, air springs, coil springs and torsion bar springs and other forms, and modern sedan suspension system and more use of helical springs and torsion bar springs, individual limousine is the use of air springs.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

The Global Info Research report includes an overview of the development of the Automotive Suspension System industry chain, the market status of Passenger Car (Independent Automotive Suspension System, Non-independent Automotive Suspension System), LCV-Light Commercial Vehicle (Independent Automotive Suspension System, Non-independent Automotive Suspension System), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Automotive Suspension System.

Regionally, the report analyzes the Automotive Suspension System markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Automotive Suspension System market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Automotive Suspension System market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Automotive Suspension System industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Independent Automotive Suspension System, Non-independent Automotive Suspension System).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Automotive Suspension System market.

Regional Analysis: The report involves examining the Automotive Suspension System market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Automotive Suspension System market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Automotive Suspension System:

Company Analysis: Report covers individual Automotive Suspension System manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Automotive Suspension System This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Passenger Car, LCV-Light Commercial Vehicle).

Technology Analysis: Report covers specific technologies relevant to Automotive Suspension System. It assesses the current state, advancements, and potential future developments in Automotive Suspension System areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Automotive Suspension System market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Automotive Suspension System market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Independent Automotive Suspension System
Non-independent Automotive Suspension System

Market segment by Application
Passenger Car
LCV-Light Commercial Vehicle
HCV-Heavy Commercial Vehicle

Major players covered
Mando
ZF
ThyssenKrupp
Tenneco
Magneti Marelli
Benteler
Dongfeng Motor Suspension
Wanxiang Qianchao
Hendrickson
F-TECH
WABCO
Fawer Automotive Parts
Fangzheng Machinery
Shanghai Komman
Hongyan Fangda

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Automotive Suspension System product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Automotive Suspension System, with price, sales, revenue and global market share of Automotive Suspension System from 2019 to 2024.

Chapter 3, the Automotive Suspension System competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Automotive Suspension System breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Automotive Suspension System market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive Suspension System.

Chapter 14 and 15, to describe Automotive Suspension System sales channel, distributors, customers, research findings and conclusion.