The Global Automotive Suspension Market Size, By Vehicle Type( Passenger Vehicle, Commercial Vehicle) By Electric Vehicle Type( Fully Electric Vehicle, Hybrid Electric Vehicle) By Autonomous Type (Fully Autonomous, Semi-Autonomous) By Actuation( Electromagnetic, Hydruacally, Magneto Rheological System, Solenoid valve System, Electronically )By System( Pure Active System, Semi Active System) By Component ( ECU, Adjustable Spring, Sensors, Actuator, Air Spring, Ball Joint, Strut, Bush) By Architecture Type (Double Wishbone, Macpherson Strut, Multilink, Air Suspension, Leaf Spring) By Sales Channel (OEMs, Aftermarket), and By Region, Market Share & Forecast, Global Forecast to 2022 – 2027.
Global Automotive Suspension Market
The Global Automotive Suspension Market size is estimated to be USD 45.3 billion in 2022 and is projected to reach USD 51.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 2.6% during the forecast period, 2022 – 2027.
The Global Automotive Suspension market delivers a comprehensive evaluation of the market. It does give a comprehensive analysis via research study which observes historical data & emerging technology to determine the industry’s growth drivers.
The growth of the Automotive Suspension Market is attributed to the demand for automotive suspension for vehicle comfort & safety and the increasing adoption of air suspension systems in HCVs. Whereas, the lack of standardization of independent suspension systems causes a restraining factor in growth of this market.
In this report study, the key trend prospects & important drivers for the Automotive Suspension market’s growth are explored and analysed in depth. The market dynamics included in the report includes drivers, restraints, opportunities, and challenges, which may have a positive or negative impact on market overall growth.
Global Automotive Suspension Market Report Objective
This report helps the user understand the market in terms of definition, segmentation, market potential, key trends, and industry challenges. Industry analysis were undertaken across the report’s framework, which will help readers obtain a comprehensive scenario of the market. The market statistics & data were acquired from reliable sources such as websites, annual reports of companies, journals, and other publications, then double-checked and validated by industry experts.
This report also covers PORTER’S five forces to help determine several factors like the threat of substitutes, competitive analysis, power of buyer, supplier as well as the threat of new entry. The report has classified the Global Automotive Suspension Market based on Vehicle Type, Electric Vehicle Type, Autonomous Type, Actuation, System, Component, Architecture Type, Sales Channel, and Region.
Key Players:
The Global Automotive Suspension Market is dominated by major players such as ZF Friedrichshafen AG, Tenneco Inc., Continental AG, ThyssenKrupp AG, KYB Corporation, Continental AG, Fox Factory, Inc., WABCO, Sogefi SpA, BENTELER, BWI Group, etc.
Market Taxonomy
By Vehicle Type
Passenger Vehicle
Commercial Vehicle
By Electric Vehicle Type
Fully Electric Vehicle
Hybrid Electric Vehicle
By Autonomous Type
Fully Autonomous
Semi-Autonomous
By Actuation
Electromagnetic
Hydruacally
Magneto Rheological System
Solenoid valve System
Electronically
By System
Pure Active System
Semi Active System
By Component
ECU
Adjustable Spring
Sensors
Actuator
Air Spring
Ball Joint
Strut
Bush
By Architecture Type
Double Wishbone
Macpherson Strut
Multilink
Air Suspension
Leaf Spring
By Sales Channel
OEMs
Aftermarket
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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