The global Automotive Suspension Market generated $81.8 billion in 2017 and is anticipated to grow at a CAGR of 4.9% during the forecast period.
Automotive suspension consists of springs and shock absorbers to cushion the impact of road irregularities on a portion of an automobile. The springs used in automotive suspension such as leaf springs, coil springs, torsion bars, rubber-in-shear devices, and air springs absorb the energy of impacts of the tires along the road surface to offer a comfortable driving experience. Automotive suspension enables rapid cornering without extreme body roll while keeping the tires firmly in contact with the roads. The different types of automotive suspension include independent suspension, and non-independent suspension.
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Asia-Pacific Automotive Suspension Market Share By Vehicle Type, 2017 – 2026
There has been an increasing demand of automotive suspension systems owing to increasing vehicle production, and growing demand for luxury vehicles. Consumers are increasingly investing in vehicles offering comfortable and improved driving experience. The increasing need to offer improved safety, and growing demand for independent suspension systems to drive the automotive suspension market. The growing demand from emerging economies, and technological advancements would provide growth opportunities in the automotive suspension market coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global automotive suspension Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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Asia-Pacific generated the highest revenue in 2017 owing to increasing demand for vehicles from China, Japan, and India. Development of advanced suspension systems, growing demand for regenerative suspension system, and technological advancements has increased the adoption of automotive suspension in the region.
Competitive Landscape and Key Vendors
The global automotive suspension market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the report include Multimatic Inc., Continental AG, Tenneco Inc., ZF TRW, Hendrickson USA, L.L.C, Thyssenkrupp, Magneti Marelli S.p.A, Sogefi SpA, WABCO Holdings Inc., and NHK Spring Co., Ltd.
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Key Segments
System
- Active Suspension
- Passive Suspension
- Semi-Active Suspension
Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Component
- Strut
- Shock Absorber
- Leaf Spring
- Ball Joint
- Air Spring
- Control Arm
- Coil Spring
- Others
Damping
- Hydraulic
- Electromagnetic
Geometry
- Independent Suspension
- Semi-Independent Suspension
- Dependent Suspension
Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
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