Global Automotive Suspension System Market Growth 2023-2029

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

This Insight Report provides a comprehensive analysis of the global Automotive 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 Automotive Suspension System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Suspension System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive 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 Automotive Suspension System.

The global Automotive Suspension System market size is projected to grow from US$ 40070 million in 2022 to US$ 51830 million in 2029; it is expected to grow at a CAGR of 51830 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 25% market share.

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

Market Segmentation:

Segmentation by type
Independent Automotive Suspension System
Non-independent Automotive 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
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 Automotive Suspension System market?

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

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

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

How does Automotive 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.