Truck Suspension System Market By Class (Medium Duty, Heavy Duty), By Sales Channel (OEM, Aftermarket), By Type (Spring, Equalizer Beam, Air Spring Suspension, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Truck Suspension System Market," The truck suspension system market was valued at $21.9 billion in 2022, and is estimated to reach $32.9 billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032.

The report incorporates the study of the global truck suspension system market that focuses on the types of suspension used in trucks and region-wise demand for truck suspension systems.

Truck suspension systems are a system that helps trucks to support their weight and offer a comfortable ride, the suspension system helps in overall weight distribution among the wheels of the vehicle, thus improving the handling of the vehicles. Similarly, the truck suspension also provides stability to trucks carrying heavy loads during long-haul journeys. Currently, new technological advancement and strategic collaboration between industry players is anticipated to provide growth opportunity to the market. For instance on July 05 2023, ZF Friedrichshafen AG collaborated with Volta Trucks in developing the mobility of the next generation and to assist the industry in its transition toward zero emissions and zero accidents. The alliance will enable ZF Friedrichshafen AG to provide key components, including braking, suspension, and steering systems to Volta Trucks, this will allow Volta Trucks reduce R&D costs and shorten the time-to-market.

The factors driving the growth of the market are fleet modernization and an increase in demand for comfort & safety, growth of the logistics industry, and rise in production & sales of trucks and commercial vehicles. However, a lack of standardization hampers the growth of the market. Furthermore, increasing demand for lightweight suspension systems and reducing maintenance costs is forecast to create a market opportunity for players operating in the market.

For the purpose of analysis, the global Truck Suspension System market is segmented on the basis of class, sales channel, type and region. By class the market has been divided into medium-duty and heavy-duty. By sales channel, it is fragmented into OEM and aftermarket. By type, it is categorized into spring, equalizer beam, air spring suspension and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The leading players operating in the Truck Suspension System market are Link Manufacturing, Ltd, VDL Groep BV., Continental AG, ZF Friedrichshafen AG, simard suspensions, Sogefi SpA, Meritor, Inc, SAF-HOLLAND SE, Hendrickson and NHK SPRING Co.,Ltd

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the truck suspension system market analysis from 2022 to 2032 to identify the prevailing truck suspension system market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the truck suspension system market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global truck suspension system market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Upcoming/New Entrant by Regions
Go To Market Strategy
New Product Development/ Product Matrix of Key Players
SWOT Analysis

Key Market Segments

By Class

Medium Duty
Heavy Duty

By Sales Channel

OEM
Aftermarket

By Type

Spring
Equalizer Beam
Air Spring Suspension
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Simard Suspensions
Link Manufacturing, Ltd
Continental AG
Sogefi SpA
Meritor, Inc
Hendrickson
NHK SPRING Co.,Ltd
VDL Groep BV.
ZF Friedrichshafen AG
SAF-HOLLAND SE

Product Code: A12735

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. High threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Fleet Modernization and Increase in Demand for Comfort and Safety
  - 3.4.1.2. Growth of the logistics industry
  - 3.4.1.3. Rise in production and sales of trucks and commercial vehicles.
- 3.4.2. Restraints
  - 3.4.2.1. Lack of standardization
- 3.4.3. Opportunities
  - 3.4.3.1. Increasing demand for lightweight suspension system
  - 3.4.3.2. Reducing maintenance costs

CHAPTER 4: TRUCK SUSPENSION SYSTEM MARKET, BY CLASS

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Medium Duty
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Heavy Duty
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: TRUCK SUSPENSION SYSTEM MARKET, BY SALES CHANNEL

5.1. Overview
- 5.1.1. Market size and forecast
5.2. OEM
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Aftermarket
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: TRUCK SUSPENSION SYSTEM MARKET, BY TYPE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Spring
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Equalizer Beam
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Air Spring Suspension
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country

CHAPTER 7: TRUCK SUSPENSION SYSTEM MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Class
- 7.2.3. Market size and forecast, by Sales Channel
- 7.2.4. Market size and forecast, by Type
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Class
  - 7.2.5.1.2. Market size and forecast, by Sales Channel
  - 7.2.5.1.3. Market size and forecast, by Type
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Class
  - 7.2.5.2.2. Market size and forecast, by Sales Channel
  - 7.2.5.2.3. Market size and forecast, by Type
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Class
  - 7.2.5.3.2. Market size and forecast, by Sales Channel
  - 7.2.5.3.3. Market size and forecast, by Type
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Class
- 7.3.3. Market size and forecast, by Sales Channel
- 7.3.4. Market size and forecast, by Type
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Class
  - 7.3.5.1.2. Market size and forecast, by Sales Channel
  - 7.3.5.1.3. Market size and forecast, by Type
  - 7.3.5.2. France
  - 7.3.5.2.1. Market size and forecast, by Class
  - 7.3.5.2.2. Market size and forecast, by Sales Channel
  - 7.3.5.2.3. Market size and forecast, by Type
  - 7.3.5.3. UK
  - 7.3.5.3.1. Market size and forecast, by Class
  - 7.3.5.3.2. Market size and forecast, by Sales Channel
  - 7.3.5.3.3. Market size and forecast, by Type
  - 7.3.5.4. Russia
  - 7.3.5.4.1. Market size and forecast, by Class
  - 7.3.5.4.2. Market size and forecast, by Sales Channel
  - 7.3.5.4.3. Market size and forecast, by Type
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Market size and forecast, by Class
  - 7.3.5.5.2. Market size and forecast, by Sales Channel
  - 7.3.5.5.3. Market size and forecast, by Type
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Class
- 7.4.3. Market size and forecast, by Sales Channel
- 7.4.4. Market size and forecast, by Type
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Class
  - 7.4.5.1.2. Market size and forecast, by Sales Channel
  - 7.4.5.1.3. Market size and forecast, by Type
  - 7.4.5.2. India
  - 7.4.5.2.1. Market size and forecast, by Class
  - 7.4.5.2.2. Market size and forecast, by Sales Channel
  - 7.4.5.2.3. Market size and forecast, by Type
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Market size and forecast, by Class
  - 7.4.5.3.2. Market size and forecast, by Sales Channel
  - 7.4.5.3.3. Market size and forecast, by Type
  - 7.4.5.4. Australia
  - 7.4.5.4.1. Market size and forecast, by Class
  - 7.4.5.4.2. Market size and forecast, by Sales Channel
  - 7.4.5.4.3. Market size and forecast, by Type
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Market size and forecast, by Class
  - 7.4.5.5.2. Market size and forecast, by Sales Channel
  - 7.4.5.5.3. Market size and forecast, by Type
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Class
- 7.5.3. Market size and forecast, by Sales Channel
- 7.5.4. Market size and forecast, by Type
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Market size and forecast, by Class
  - 7.5.5.1.2. Market size and forecast, by Sales Channel
  - 7.5.5.1.3. Market size and forecast, by Type
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Market size and forecast, by Class
  - 7.5.5.2.2. Market size and forecast, by Sales Channel
  - 7.5.5.2.3. Market size and forecast, by Type
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Market size and forecast, by Class
  - 7.5.5.3.2. Market size and forecast, by Sales Channel
  - 7.5.5.3.3. Market size and forecast, by Type

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Meritor, Inc
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. VDL Groep BV.
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
9.3. Continental AG
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. ZF Friedrichshafen AG
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. SAF-HOLLAND SE
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Simard Suspensions
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
9.7. Hendrickson
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Key strategic moves and developments
9.8. Sogefi SpA
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
9.9. NHK SPRING Co.,Ltd
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
9.10. Link Manufacturing, Ltd
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio