Automotive Suspension Member Market 2024-2028
The automotive suspension member market is forecasted to grow by USD 4,148.61 mn during 2023-2028, accelerating at a CAGR of 6.46% during the forecast period. The report on the automotive suspension member market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising penetration of high-performance vehicles, increasing focus on improving vehicle handling, and development of electric vehicles.
Technavio's automotive suspension member market is segmented as below:
By Distribution Channel
By Application
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the development of lightweight vehicle suspension systems as one of the prime reasons driving the automotive suspension member market growth during the next few years. Also, development of active chassis systems and increasing demand for off-road vehicles and SUVs will lead to sizable demand in the market.
The report on the automotive suspension member market covers the following areas:
- Automotive suspension member market sizing
- Automotive suspension member market forecast
- Automotive suspension member market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive suspension member market vendors that include Benteler International AG, BWI Group, Continental AG, Datson Engineering, Duroshox Pvt. Ltd., Endurance Technologies Ltd., F and P America, Futaba Industrial Co. Ltd., GESTAMP AUTOMOCION SA, Hwashin Co. Ltd., Hyundai Motor Group, Kalyani Forge Ltd., Magna International Inc., Marelli Holdings Co. Ltd., Multimatic Inc., Press Kogyo Co. Ltd., Tata Sons Pvt. Ltd., thyssenkrupp AG, Yorozu Corp., and ZF Friedrichshafen AG. Also, the automotive suspension member market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.