Global Automotive Suspension Market, By Architecture (Macpherson Strut, Double Wishbone, Multilink Suspension, Twist Beam/torsion Beam Suspension, Leaf Spring Suspension, Air Suspension), Geometry (Dependent, Semi-Independent, Independent), System (Passive Suspension, Semi-Active Suspension, Active Suspension, Actuation(Hydraulically Actuated Active Suspension, Electronically Actuated Active Suspension), OE Market Component (Coil Spring, Leaf Spring, Air Spring, Shock Absorber, Control Arm, Rubber Bushing, Link Stabilizer/Sway Bar, Ball Joint, Strut) Aftermarket Component (Shock Absorber, Strut, Ball Joint, Leaf Spring, Control Arm, Coil Spring), Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Truck, Bus, Two Wheeler),Electric & Hybrid Vehicle By Vehicle Type {Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)}, Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Automotive Suspension Market
Data Bridge Market Research analyses that the automotive suspension market would exhibit a CAGR of 4.3% for the forecast period, and is estimated to reach the value of USD 78.21 billion by 2029. Data Bridge Market Research report on automotive plastics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Automotive suspension is the mechanism of two adjoins half or gears in a vehicle or locomotive regardless of size and dimensions. The mechanical system will attribute to the varied varieties particularly springs, tire air and system of tires. It is a method of shock absorption between the participant role and the surface on that the machine is riding or operational, that comprehends the relative motion of each, wheels and shock absorbers
The growing demand of technological advancement electromagnetically actuated active suspension is the major factor accelerating the growth of the market. The excessive demand of air suspension owning to the surge in need for safe and comfort ride in heavy commercial vehicles are expected to drive the growth of the automotive suspension market. However, big maintenance and expensive cost input will acts as a restrains the automotive suspension market.
In addition, acceptance of electronic vehicle and growing awareness about electronic vehicle will create ample opportunities for the automotive suspension market.
This automotive suspension market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive suspension market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Suspension Market Scope and Market Size
The automotive suspension market is segmented on the basis of architecture, geometry, system, actuation, OE market component, after market component, vehicle type and electric and hybrid vehicle type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of architecture, the automotive suspension market is segmented as Macpherson strut, double wishbone, multilink suspension, twist beam/torsion beam suspension, leaf spring suspension, and air suspension.
- On the basis of geometry, the automotive suspension market is fragmented as dependent, and semi-independent.
- On the basis of system, the automotive suspension market is bifurcated as passive suspension, semi-active suspension, and active suspension.
- On the basis of actuation, the automotive suspension market is divided into hydraulically actuated active suspension, and electronically actuated active suspension.
- On the basis of OE market component, the automotive suspension market is segmented as coil spring, leaf spring, air spring, shock absorber, control arm, rubber bushing, link stabilizer/sway bar, and ball joint, strut.
- On the basis of aftermarket component, the automotive suspension market is bifurcated as shock absorber, strut, ball joint, leaf spring, control arm, and coil spring.
- On the basis of vehicle type, the automotive suspension market is divided into passenger car, light commercial vehicle (LCV), truck, bus, and two wheeler.
- On the basis of electric & hybrid by vehicle type, the automotive suspension market is fragmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV).
Automotive Suspension Market Country Level Analysis
The global automotive suspension market is analysed and market size insights and trends are provided by country, architecture, geometry, system, actuation, OE market component, after market component, vehicle type and electric and hybrid vehicle type as referenced above.
The countries covered in the automotive suspension market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive suspension market Owed to the rising population and developing economies of this region Europe is expected to grow in the forecast period of 2022-2029 because of increasing demand of the vehicle and technological investment in this region.
The country section of the automotive suspension market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Suspension Market Share Analysis
The automotive suspension market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive suspension market.
Some of the major players operating in the automotive suspension market report are KYB Americas Corporation, Hendrickson USA, L.L.C, ANAND Group, FOX Factory, Inc., BWI Group, Tenneco Inc, Continental AG, Parker Hannifin Corp, Sogefi SpA, HYUNDAI MOBIS, ZF Friedrichshafen AG, Hendrickson USA, L.L.C, Hitachi Automotive Systems Americas, Inc, and Magnetic Marelli S.p.A among other. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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