Increasing Demand for Comfort, Safety, & Ride Quality Features Inside the Vehicle to Drive the Automotive Suspension Ma - PowerPoint PPT Presentation

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Increasing Demand for Comfort, Safety, & Ride Quality Features Inside the Vehicle to Drive the Automotive Suspension Ma

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Increasing Demand for Comfort, Safety, & Ride Quality Features Inside the Vehicle to Drive the Automotive Suspension Ma
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Increasing Demand for Comfort, Safety, & Ride Quality Features Inside the Vehicle to Drive the Automotive Suspension Ma

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  1. Increasing Demand for Comfort, Safety, & Ride Quality Features Inside the Vehicle to Drive the Automotive Suspension Market The report "Automotive Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multi- link, Twist Beam, Leaf Spring, Air Suspension), System Type, Actuation, Component OE & Aftermarket, Vehicle (ICE, BEV, HEV, PHEV), and Region - Global Forecast to 2025", The automotive suspension market is projected to grow at a CAGR of 3.88% from 2017 to 2025, and the market size is estimated to grow from USD 50.76 Billion in 2017 to USD 68.84 Billion by 2025. Browse 139 market data Tables and 54 Figures spread through 198 Pages and in-depth TOC on "Automotive Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multi-link, Twist Beam, Leaf Spring, Air Suspension), System Type, Actuation, Component OE & Aftermarket, Vehicle (ICE, BEV, HEV, PHEV), and Region - Global Forecast to 2025" https://www.marketsandmarkets.com/Market-Reports/automobile-suspension-systems-market-939.html Early buyers will receive 10% customization on reports. The market is anticipated to grow due to the growing vehicle production, concern towards safety & comfort, and demand for better ride performance. Also, the semi-active/active systems, which are lighter in weight, smaller in size, and high on performance, are projected to drive the demand for advanced automotive suspension systems. Passenger car is estimated to be the largest segment in automotive suspension market. Passenger car segment is estimated to be the fastest growing segment of the automotive suspension market. Factors such as growing consumer disposable income and increasing vehicle ownership with easy finance options have led to the rise in passenger car sales. Owing to these reasons, passenger car segment is witnessing tremendous growth in the Asia Oceania region, particularly in developing countries such as India and China. The demand for automotive suspension in LCVs is also projected to increase owing to the increasing production in the North American region as the people are prefer to travel off road with LCVs. The demand for automotive suspension in HCVs is also projected to increase owing to the increasing production in the North America and Europe region. European industry OEMs, led by Daimler, Volvo, and VW, continue to dominate the heavy truck market with their scale of operations and technological edge, which is boosting the trucking and transportation industry in these developed regions. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=939

  2. Semi-Active/Active Suspension System is estimated to be the fastest growing segment of the automotive suspension market Owing to the increase in stringency of emissions and fuel efficiency regulations in the developed regions, the entry of comparatively lightweight semi-active/active suspension systems is estimated to be higher in developed regions such as North America and Europe. Europe and North America are projected to witness growth for semi-active/active system rather than passive suspension as the manufacturers and customers in these regions are open towards accepting new technology. Asia Oceania and RoW regions are expected witness moderate growth of semi-active and active suspension system as the consumers in these regions prefer compact & economic cars. High rate of technological adoption across the globe will be a driving factor for the growth of these systems. The global market has been segmented on the basis of architecture, system, active suspension actuation, ICE vehicle, electric & hybrid vehicle, component, aftermarket component, and region. The air suspension is estimated to be the fastest and largest in the automotive suspension market, by architecture, in terms of value. The increasing demand for cabin comfort, better control, manoeuvrability, and stability of the vehicle has led to the increasing demand for air suspension systems. The active suspension system is the fastest growing market, by system, in terms of value. Majority of the present-day vehicles are equipped with passive suspension systems as they are easy to install, repair, and are economical than the semi-active and active systems. However, with the advancement in suspension technology, active suspension will show better growth than the passive suspension as it enhances the comfort and handling of vehicles. The hydraulically actuated is the largest market, by actuation, in terms of value. The present-day vehicles have hydraulic actuation as it is efficient, robust, and affordable. The air spring is the fastest growing market, by component, in terms of value. The demand for luxury vehicles is increasing among customers. Hence, the demand for air springs is expected to increase. The shock absorber is the largest aftermarket component in terms of value. Shock absorber is the essential component in all vehicle types and is more prone to damage. Hence, these components need replacement after some time. The passenger car is the largest and fastest growing market, by vehicle type, in terms of value. The demand for automotive suspension in passenger cars is projected to grow owing to the increasing population and lack of public transportation in the countries such as India and China. HEV is the largest market, by electric & hybrid vehicle type, in terms of value. Owing to the increasingly stringent emission norms and growing pollution levels, the adoption of electric & hybrid vehicles has increased across the globe. Request Sample: https://www.marketsandmarkets.com/requestsample.asp?id=939 Asia Oceania is estimated to be the leading market for automotive suspension market. Asia Oceania comprises countries such as China, Japan, India, and South Korea and they are witnessing huge population growth. The region is the world’s largest producer of suspension systems. Key automotive manufacturers have shifted their focus toward this region due to various benefits such as easy availability of economical labour, lenient regulations for environment & safety, increased FDI for automotive industry in

  3. countries like India, and growing demand for vehicles. The increasing concern about quality and safety is propelling the manufacturers to develop advanced suspension systems. Hence, the region is anticipated to have the largest share of the automotive suspension market. The major players in the automotive suspension system market are ZF (Germany), Tenneco (US), KYB (Japan), Continental (Germany), Magneti Marelli (Italy), Mando (South Korea), NHK Spring (Japan), ThyssenKrupp (Germany), Sogefi (Italy), and Benteler (Austria). These companies collectively account for a major share of the automotive suspension market. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com