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Automotive Suspension Systems Latest Research Report. Complete Market Research, Market Analysis, CAGR, Trends, Major Players, Market Share, Market Size.
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Welcome To DataIntelo Automotive Suspension Systems Market Size | Industry Report, 2026 The global automotive suspension systems market size is anticipated to expand at a significant CAGR during the forecast period, 2020 to 2026 owing to a high demand for safety, comfort, and ride quality. Automotive suspension systems minimize the shocks to the vehicle’s body while in motion. It also helps in keeping the tires in constant contact with road. It is a very essential component of any vehicle as it helps in preventing damage to vehicle mechanisms while also enabling comfortable and safe driving. An automotive suspension Systems can be passive, semi-active, or active. The vertical wheel movement of a vehicle in a passive suspension Systems depends upon the surface, whereas, in semi-active and active Systems the wheel’s vertical movement is actively controlled. Market Trends, Drivers, Restraints, and Opportunities: •A high demand for air suspension in heavy commercial vehicles (HCVs) is driving the growth of market. •A rise in standard of living of a huge population base across many countries is creating a demand for automotive, which is generating huge demand for automotive suspension systems.
•High costs related to advanced suspension systems are likely to hamper the growth of automotive suspension market. •Use of lightweight materials in suspension systems is creating new growth opportunities in the market. •Moreover, a high requirement for regenerative suspension Systems for electric and hybrid vehicles is also creating expansion opportunities in the automotive suspension market. Scope of the report: The report on automotive suspension systems market includes an assessment of the market, size, share, trends, segments and regional markets. Overview and dynamics have been included in the report. Attributes Details Base Year 2019 Historic Data 2015–2019 Forecast Period 2020–2026 North America, Latin America, Europe, Asia Pacific, Middle East & Africa Regional Scope Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities and revenue forecast Report Coverage Request for Free Sample: https://dataintelo.com/request- sample/?reportId=123668 Automotive Suspension Systems Market Segment Insights: Growing demand for electromagnetic systems to minimize the rolling of vehicle is projected to drive segment growth Based on types, the automotive suspension systems market has been segmented into hydraulic and electromagnetic. The electromagnetic segment held a substantial market share, which is expected to rise in the coming years owing to
the continuous increase in the adoption of high end-vehicles offering better ride quality and superior control. The electromagnetic suspension systems minimize the rolling of vehicle while, cornering, braking, and accelerating. Increasing demand for automobiles among large population fuels the growth of the commercial vehicles segment In terms of applications, the market has been bifurcated into commercial vehicles and passenger vehicles. The passenger vehicles segment dominated the market and is projected to be highly lucrative owing to the continuous rise in consumer disposable income. Moreover, easy finance options for vehicle ownership are contributing to the growth of the market. The commercial vehicle segment is anticipated to expand at steady pace due to rising production of light commercial vehicles (LCVs) and heavy commercial vehicles (HCV). Asia Pacific to lead the global market due to an increase in urbanization and industrialization in the region On the basis of region, the global automotive suspension systems market has been classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held a large share of the global market and is anticipated to expand at a substantial growth rate owing to the high presence of local and global manufacturers in the region. Furthermore, growing GDP and improving standard of living in countries such as India, China, and Japan are driving the growth of the market in the region. Additionally, due to growing industrialization and urbanization, the automotive sector in the region is expected to expand at a substantial pace thus, increasing developments in the market. Competitive Landscape: Key participants in the automotive suspension systems market include KYB Corporation, ZF Friedrichshafen AG, Continental AG, BENTELER International, Magneti Marelli S.p.A., Mando Corp., Schaeffler India Limited, and Tenneco Inc. They adopt strategies such as mergers & acquisitions agreements, partnerships, and product launches to strengthen their geographical presence.
Segments Covered in the Report The global automotive suspension systems market has been segregated on the basis of types, applications, and regions. By Types •Hydraulic •Electromagnetic By Applications •Commercial Vehicles •Passenger Vehicles By Regions •North America •Europe •Asia Pacific •Latin America •Middle East & Africa Discover More @ https://dataintelo.com/