Key Companies Covered in the Automotive Suspension Market Research are ZF Friedrichshafen AG, Thyssenkrupp AG, BENTELER, Tenneco Inc, Continental AG, KYB Corporation, Mando Corporation, Magneti Marelli S.p.A., Showa Corporation, Ohlins USA Inc., Endurance Technologies, Hendrickson and other key market players.
The global automotive suspension market was valued at USD 59.2 billion in 2021 and projected to reach $ 79.5 billion by 2030, growing at a CAGR of 3.9% during the forecast period, 2022-2030.
The significant factors are the growing demand for vehicle comfort & safety and the rising need to improve vehicle control and offer a smooth ride experience. Additionally, the increasing adoption of air suspension systems in HCVs and changing paradigm of automotive production will spur the global automotive suspension industry in future periods.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By ICE (Internal Combustion Engine) Vehicle Type Passenger cars Light commercial vehicles (LCV) Heavy commercial vehicles (HCV)
By Electric & Hybrid Vehicle BEV (Battery Electric Vehicle) HEV (Hybrid Electric Vehicle) PHEV (Plug-in Hybrid Electric Vehicle)
By Architecture MacPherson Strut Double Wishbone MultiLink Twist Beam/Torsion Beam Leaf Spring Suspension Air Suspension
By Region: North America U.S. Canada Mexico Europe UK Germany France Spain Italy Rusia ROE Asia Pacific China India Japan Australia South Korea Rest of Asia South America Brazil Argentina Rest of South America Middle East & Africa UAE Saudi Arabia South Africa Rest of MEA
Furthermore, years considered for the study are as follows:
Historical year 2017, 2020 Base year 2021 Forecast period 2022 to 2030.
Target Audience of the Global Automotive Suspension Market in Market Study:
Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors
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