Automotive Suspension Market Detailed Insights on Upcoming Trends 2016-2022

Automotive Suspension Market forecasts that the global market is expected to garner $284 billion by 2022, growing at a CAGR of 4.9% during the period 2014 – 2022. The passenger vehicle segment is estimated to dominate the market from 2016 to 2022. Asia-Pacific dominated the global market accounting for a market share of around 37% in 2015.

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Technological advancements, rise in production of vehicles, and increase in demand for luxury & comfort drive this market. Moreover, rise in demand for lightweight suspension system and development of advanced suspension system for two wheelers are expected to boost the market growth. However, continuous strength of global vehicle standards and high maintenance cost of advanced suspension systems could hamper the market growth.

A suspension system is a mechanism that physically separates the car body from its wheels. It includes spring, dampener, and various links, in which the spring stores potential, and kinetic energy while dampener dissipates the energy. The sale of electric, hybrid, and conventional vehicles has witnessed a global upsurge. The market share of automotive suspension technologies is expected to increase. In addition, the adoption of air suspension and electro-magnetic suspension has significantly increased in the automotive industry. Technological advancement of this system is expected to boost the market growth in untapped markets of LAMEA and Asia-Pacific.

The Major players reported in the market include:

KYB Corporation (Japan)

Hendrickson USA, L.L.C (U.S.)

Gabriel India Limited (India)

FOX Factory, Inc. (U.S.)

WABCO (Belgium)

Continental AG (Germany)

ZF TRW (U.S.)

Magneti Marelli S.p.A (Italy)

Tenneco Inc. (U.S.)

Sogefi SpA (Italy)

KEY BENEFITS

The study provides an in-depth analysis of the Automotive Suspension market along with current and future trends to elucidate the imminent investment pockets.

The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.

Porter’s Five Forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.

The value chain analysis of the industry signifies the key intermediaries involved, and elaborates their roles and value additions at every stage of the value chain.

The quantitative analysis of the market during the period of 2016-2022 is provided to elaborate the market potential.

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KEY MARKET SEGMENTS:

BY SYSTEM

Passive

Semi-Active/Active

BY COMPONENT

Spring

Shock Dampener

Struts

Control Arms

Ball Joint

Leaf Spring

Air Compressor

BY GEOMETRY

Dependent

Semi-Independent

Independent

BY SUSPENSION TYPE

Hydraulic Suspension

Air Suspension

Leaf Spring Suspension

BY VEHICLE TYPE

Two Wheelers

Passenger Cars

Commercial Vehicles

BY GEOGRAPHY

North America

Europe

Asia Pacific

Central & South America

Middle East and Africa

TABLE OF CONTENTS

CHAPTER 1 INTRODUCTION

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW

CHAPTER 4 WORLD AUTOMOTIVE SUSPENSION MARKET, BY END USER

CHAPTER 5 WORLD AUTOMOTIVE SUSPENSION MARKET, BY APPLICATION

CHAPTER 6 WORLD AUTOMOTIVE SUSPENSION MARKET, BY GEOGRAPHY

CHAPTER 7 COMPANY PROFILES

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Posted by on Wednesday June 12 2019, 6:04 PM EDT. All trademarks acknowledged. Filed under Business Services, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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