Global Automotive Suspension System Market Size study & Forecast, by Component Type, by Type, by Vehicle Type and Regional Analysis, 2023-2030

Description

List of Tables

Global Automotive Suspension System Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030. An automotive suspension system refers to the collection of components and parts that work together to provide a comfortable, stable, and safe ride for the occupants of a vehicle. The main function of a suspension system is to absorb shocks and vibrations that are created when the vehicle is in motion, thus ensuring that the tires maintain contact with the road surface. This not only enhances ride comfort but also improves handling and vehicle stability, particularly during cornering, braking, and acceleration. The key factors such as surge in demand for electric & autonomous vehicles and rising demand for SUVs are anticipated to create a lucrative demand for the market during the forecast period.

Moreover, the rising demand for electric and autonomous vehicles is one of the key factors that is supporting the growth of the Automotive Suspension System Market. Electric vehicles (EVs) and autonomous vehicles (AVs) require specialized suspension systems that are designed to support the weight of the batteries and other electrical components. In addition, these vehicles often have higher power requirements than traditional gasoline-powered vehicles, which can put additional strain on the suspension system. According to International Energy Agency (IEA), in 2020, the number of electric vehicles sold in the United States was 295000 and the number increased significantly and reached 631000 in 2021. As a result, the rising demand for EVs is anticipated to propel the market growth. Additionally, technological advancements in automotive suspension systems are anticipated to create a lucrative opportunity for the market. However, the high capital and suspension costs along with shortage of raw materials stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Automotive Suspension System Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising vehicle demand in the region, growing demand for aftermarket high-performance suspension kits and rising disposable income. Europe is expected to grow significantly during the forecast period, owing to factors such as presence of key market players, growing demand for electric vehicles and connected cars is driving the need for advanced suspension systems, thus propelling this market in this region.

Major market players included in this report are:

KYB Corporation (Japan)
ZF Friedrichshafen AG (Germany)
ThyssenKrupp AG (Germany)
Tenneco Inc. (U.S.)
Continental AG (Germany)
NHK Springs Co., Ltd. (Japan)
Benteler International AG (Germany)
HL Mando Corp. (South Korea)
Sogefi Group (Italy)
Marelli Corporation (Japan)

Recent Developments in the Market:

April 2021, In the KADS application, an electronically controlled suspension system for snowmobiles, KYB Corporation announced its expansion. Core control and hydraulic technologies are integrated into the electronic suspension system. The upgraded system also has attitude control technology, which improves snowmobile vehicle handling.

Global Automotive Suspension System Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component Type, Type, Vehicle Type, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Component Type:

Coil Spring
Leaf Spring
Air Spring
Shock Absorber
Other Components

By Type:

Passive Suspension
Semi-active Suspension
Active Suspension

By Vehicle Type:

Passenger Car
Commercial Vehicle

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Automotive Suspension System Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Automotive Suspension System Market, by Component Type, 2020-2030 (USD Billion)
- 1.2.3. Automotive Suspension System Market, by Type, 2020-2030 (USD Billion)
- 1.2.4. Automotive Suspension System Market, by Vehicle Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Automotive Suspension System Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Automotive Suspension System Market Dynamics

3.1. Automotive Suspension System Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Surge in demand for electric & autonomous vehicles
  - 3.1.1.2. Rising demand for SUVs
- 3.1.2. Market Challenges
  - 3.1.2.1. High capital and suspension costs
  - 3.1.2.2. Shortage of raw materials
- 3.1.3. Market Opportunities
  - 3.1.3.1. Technological advancements in automotive suspension system

Chapter 4. Global Automotive Suspension System Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Suspension System Market, by Component Type

5.1. Market Snapshot
5.2. Global Automotive Suspension System Market by Component Type, Performance - Potential Analysis
5.3. Global Automotive Suspension System Market Estimates & Forecasts by Component Type 2020-2030 (USD Billion)
5.4. Automotive Suspension System Market, Sub Segment Analysis
- 5.4.1. Coil Spring
- 5.4.2. Leaf Spring
- 5.4.3. Air Spring
- 5.4.4. Shock Absorber
- 5.4.5. Other Components

Chapter 6. Global Automotive Suspension System Market, by Type

6.1. Market Snapshot
6.2. Global Automotive Suspension System Market by Type, Performance - Potential Analysis
6.3. Global Automotive Suspension System Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
6.4. Automotive Suspension System Market, Sub Segment Analysis
- 6.4.1. Passive Suspension
- 6.4.2. Semi-active Suspension
- 6.4.3. Active Suspension

Chapter 7. Global Automotive Suspension System Market, by Vehicle Type

7.1. Market Snapshot
7.2. Global Automotive Suspension System Market by Vehicle Type, Performance - Potential Analysis
7.3. Global Automotive Suspension System Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
7.4. Automotive Suspension System Market, Sub Segment Analysis
- 7.4.1. Passenger Car
- 7.4.2. Commercial Vehicle

Chapter 8. Global Automotive Suspension System Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Automotive Suspension System Market, Regional Market Snapshot
8.4. North America Automotive Suspension System Market
- 8.4.1. U.S. Automotive Suspension System Market
  - 8.4.1.1. Component Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Vehicle Type breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Automotive Suspension System Market
8.5. Europe Automotive Suspension System Market Snapshot
- 8.5.1. U.K. Automotive Suspension System Market
- 8.5.2. Germany Automotive Suspension System Market
- 8.5.3. France Automotive Suspension System Market
- 8.5.4. Spain Automotive Suspension System Market
- 8.5.5. Italy Automotive Suspension System Market
- 8.5.6. Rest of Europe Automotive Suspension System Market
8.6. Asia-Pacific Automotive Suspension System Market Snapshot
- 8.6.1. China Automotive Suspension System Market
- 8.6.2. India Automotive Suspension System Market
- 8.6.3. Japan Automotive Suspension System Market
- 8.6.4. Australia Automotive Suspension System Market
- 8.6.5. South Korea Automotive Suspension System Market
- 8.6.6. Rest of Asia Pacific Automotive Suspension System Market
8.7. Latin America Automotive Suspension System Market Snapshot
- 8.7.1. Brazil Automotive Suspension System Market
- 8.7.2. Mexico Automotive Suspension System Market
8.8. Middle East & Africa Automotive Suspension System Market
- 8.8.1. Saudi Arabia Automotive Suspension System Market
- 8.8.2. South Africa Automotive Suspension System Market
- 8.8.3. Rest of Middle East & Africa Automotive Suspension System Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. KYB Corporation (Japan)
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. ZF Friedrichshafen AG (Germany)
- 9.3.3. ThyssenKrupp AG (Germany)
- 9.3.4. Tenneco Inc. (U.S.)
- 9.3.5. Continental AG (Germany)
- 9.3.6. NHK Springs Co., Ltd. (Japan)
- 9.3.7. Benteler International AG (Germany)
- 9.3.8. HL Mando Corp. (South Korea)
- 9.3.9. Sogefi Group (Italy)
- 9.3.10. Marelli Corporation (Japan)

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Automotive Suspension System Market, report scope
TABLE 2. Global Automotive Suspension System Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Automotive Suspension System Market estimates & forecasts by Component Type 2020-2030 (USD Billion)
TABLE 4. Global Automotive Suspension System Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 5. Global Automotive Suspension System Market estimates & forecasts by Vehicle Type 2020-2030 (USD Billion)
TABLE 6. Global Automotive Suspension System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Automotive Suspension System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Automotive Suspension System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Automotive Suspension System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Automotive Suspension System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Automotive Suspension System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Automotive Suspension System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Automotive Suspension System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Automotive Suspension System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Automotive Suspension System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Automotive Suspension System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Automotive Suspension System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Automotive Suspension System Market
TABLE 71. List of primary sources, used in the study of global Automotive Suspension System Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Automotive Suspension System Market, research methodology
FIG 2. Global Automotive Suspension System Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Automotive Suspension System Market, key trends 2022
FIG 5. Global Automotive Suspension System Market, growth prospects 2023-2030
FIG 6. Global Automotive Suspension System Market, porters 5 force model
FIG 7. Global Automotive Suspension System Market, pest analysis
FIG 8. Global Automotive Suspension System Market, value chain analysis
FIG 9. Global Automotive Suspension System Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Automotive Suspension System Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Automotive Suspension System Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Automotive Suspension System Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Automotive Suspension System Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Automotive Suspension System Market, regional snapshot 2020 & 2030
FIG 15. North America Automotive Suspension System Market 2020 & 2030 (USD Billion)
FIG 16. Europe Automotive Suspension System Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Automotive Suspension System Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Automotive Suspension System Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Automotive Suspension System Market 2020 & 2030 (USD Billion)