The Automotive Suspension Market size was valued at USD 42.51 Billion in 2023 and the total Automotive Suspension Market size is expected to grow at a CAGR of 3.3 % from 2024 to 2030, reaching nearly USD 53.36 Billion in 2030.
Automotive Suspension Market Overview:
Maximize Market Research is a research firm that has published a detailed analysis of the “Automotive Suspension Market”. MMR’s in-depth market assessments in research reports consider significant technological advancements in the sector. In addition to other areas of expertise, focuses on the analysis of high-tech systems and advanced production systems. The Automotive Suspension market report includes key business insights, demand analysis, pricing analysis, and competitive landscape.
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Automotive Suspension Market Scope and Methodology:
The Research adopts a comprehensive research approach, combining descriptive and SWOT analyses to cater to investors’ needs. It aims to thoroughly examine the Automotive Suspension market. Data collection involves various techniques such as surveys and questionnaires, followed by rigorous evaluation using mathematical and statistical methods. Both qualitative and quantitative methodologies are employed to discern market trends. Market opportunities are assessed by considering factors like market consolidation, R&D initiatives, and novel industrial processes. The research delves into market leaders’ strategies, organizational structures, portfolios, and microeconomic variables, providing a holistic view of the Automotive Suspension market dynamics.
Global Automotive Suspension market studies offer comprehensive insights derived from surveys, observations, and meticulous research. These reports serve as vital resources for key stakeholders, aiding in strategic planning and organizational goal attainment. They furnish detailed information about industry leaders, including business profiles, revenue streams, product specifications, manufacturing capacities/sales, pricing strategies, and profit margins. Also, competitive landscape analyses provide precise merchant data and insights into factors that could impede the growth of major Automotive Suspension industry players.
Automotive Suspension Market Regional Insights:
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa make up the majority of the Automotive Suspension market segments. The study includes a detailed analysis of the market size, growth rate, import and export by region, and other factors. The Automotive Suspension market status of the various countries featured in the research is provided by the Regional Analysis.
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Automotive Suspension Market Segmentation:
by System
Active
Passive
Semi-active
According to the system, the automotive suspension market in 2023 will be dominated by the passive system segment, which will have a market share of roughly 42.4%. The segment is predicted by the MMR analysis to develop at a compound annual growth rate (CAGR) of 3.3% during the projection period and to continue dominating the market until 2030. The broader application of the passive system segment in a variety of vehicles, including commercial and passenger cars, is ascribed to this. Passive systems are very popular in the market because of their cheap maintenance costs and straightforward design, which makes them a desirable option for manufacturers.
by Component
Air Compressor
Shock Dampener
Struts
Control Arm
Others
by Suspension Type
Hydraulic Suspension
Air Suspension
Leaf Spring
In the automotive suspension industry, the Leaf Spring held the most market share in terms of suspension type in 2023 and is predicted to continue to do so until 2030. Leaf Springs dominate the automobile suspension industry because they are reliable, affordable, and often utilized in a variety of vehicle types, including trucks, cars, and containers. Leaf springs are a popular option among manufacturers and customers because they provide robust support, efficiently reduce shocks, and require less upkeep. The performance and longevity of leaf springs have been improved by developments in material science, securing their place as the industry’s top suspension component.
by Vehicle Type
Two-wheelers
Passenger Cars
Commercial Vehicles
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Automotive Suspension Market Major Players:
North America:
1. Tenneco Inc. (U.S.)
2. Borgwarner Inc. (U.S.)
3. FOX Factory, Inc. (U.S)
4. Hendrickson USA LLC.
Europe:
1. ZF Friedrichshafen AG (Germany)
2. Continental AG (Germany)
3. Thyssenkrupp AG (Germany)
4. Sogefi S.P.A (Italy)
5. Bilstein Group ( Germany)
6. Magneti Marelli S.P.A. (Italy)
7. Benteler International AG (Austria)
Asia Pacific:
1. Marelli Corporation (Japan)
2. KYB Corporation (Japan)
3. NHK Spring (Japan)
4. HL Mando Corporation (South Korea)
5. Gabriel India Ltd. (Anand Group)
6. Showa Corporation ( Japan)
7. BWI Group (China)
Key questions answered in the Automotive Suspension Market are:
- What is Automotive Suspension?
- What was the Automotive Suspension market size in 2023?
- What is the growth rate of the Automotive Suspension Market?
- Which are the factors expected to drive the Automotive Suspension market growth?
- What are the different segments of the Automotive Suspension Market?
- What growth strategies are the players considering to increase their presence in Automotive Suspension?
- What are the upcoming industry applications and trends for the Automotive Suspension Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Suspension Market?
- Who are the leading companies and what are their portfolios in Automotive Suspension Market?
- What segments are covered in the Automotive Suspension Market?
- Who are the key players in the Automotive Suspension market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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