Global Auto Suspension System Market Growth 2023-2029

Global Auto Suspension System Market Growth 2023-2029

Auto 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.

LPI (LP Information)' newest research report, the “Auto Suspension System Industry Forecast” looks at past sales and reviews total world Auto Suspension System sales in 2022, providing a comprehensive analysis by region and market sector of projected Auto Suspension System sales for 2023 through 2029. With Auto Suspension System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Auto Suspension System industry.

This Insight Report provides a comprehensive analysis of the global Auto Suspension System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Auto Suspension System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Auto Suspension System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Auto Suspension System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Auto Suspension System.

The global Auto Suspension System market size is projected to grow from US$ 40070 million in 2022 to US$ 52520 million in 2029; it is expected to grow at a CAGR of 52520 from 2023 to 2029.

China is the largest Auto Suspension System market with about 25% market share. Europe is follower, accounting for about 22% market share.

The key players are Mando, Sachs(ZF), ThyssenKrupp, Tenneco, Magneti Marelli, Benteler, Dongfeng Motor Suspension, Wanxiang Qianchao, Hendrickson, F-TECH, WABCO, Fawer Automotive Parts, Fangzheng Machinery, Shanghai Komman, Hongyan Fangda etc. Top 3 companies occupied about 20% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Auto Suspension System market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Independent Auto Suspension System

Non-independent Auto Suspension System

Segmentation by application

Passenger Car

LCV-Light Commercial Vehicle

HCV-Heavy Commercial Vehicle

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Mando

Sachs (ZF)

ThyssenKrupp

Tenneco

Magneti Marelli

Benteler

Dongfeng Motor Suspension

Wanxiang Qianchao

Hendrickson

F-TECH

WABCO

Fawer Automotive Parts

Fangzheng Machinery

Shanghai Komman

Hongyan Fangda

Key Questions Addressed in this Report

What is the 10-year outlook for the global Auto Suspension System market?

What factors are driving Auto Suspension System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Auto Suspension System market opportunities vary by end market size?

How does Auto Suspension System break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.