Global Heavy-duty Truck Suspension System Market 2024-2028

The heavy-duty truck suspension system market is forecasted to grow by USD 1.79 bn during 2023-2028, accelerating at a CAGR of 2.71% during the forecast period. The report on the heavy-duty truck suspension system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	2.53%
CAGR	2.71%
Incremental Value	$1.79bn

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing sales of heavy-duty trucks, rising need for smooth freight transportation, and rising demand for lightweight and durable suspension systems.

Technavio's heavy-duty truck suspension system market is segmented as below:

By Vehicle Type

Class 8
Class 7

By Distribution Channel

OEM
Aftermarket

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the technological advancements in suspension systems in automotive sector as one of the prime reasons driving the heavy-duty truck suspension system market growth during the next few years. Also, multi-linkage suspension system in heavy vehicles and rising demand for electric and autonomous trucks will lead to sizable demand in the market.

The report on the heavy-duty truck suspension system market covers the following areas:

Heavy-duty truck suspension system market sizing
Heavy-duty truck suspension system market forecast
Heavy-duty truck suspension system market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heavy-duty truck suspension system market vendors that include Arnott LLC, Bridgestone Corp., Buga Technic, Continental AG, Cummins Inc., EMCO INDUSTRIES, Hendrickson Holdings LLC, JOST Werke AG, Link Manufacturing Ltd., Mando Aftermarket North America, Marelli Holdings Co. Ltd., Michigan Truck Spring of Saginaw Inc., RoadActive Suspension, SAF HOLLAND SE, Simard Suspensions, Sogefi Spa, Suncore Industries, thyssenkrupp AG, VDL Groep BV, and ZF Friedrichshafen AG. Also, the heavy-duty truck suspension system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR45073

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Vehicle Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global heavy-duty truck suspension system market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global heavy-duty truck suspension system market 2018 - 2022 ($ billion)
4.2 Vehicle Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Vehicle Type Segment 2018 - 2022 ($ billion)
4.3 Distribution Channel Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Vehicle Type

6.1 Market segments
Exhibit 30: Chart on Vehicle Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Vehicle Type - Market share 2023-2028 (%)
6.2 Comparison by Vehicle Type
Exhibit 32: Chart on Comparison by Vehicle Type
Exhibit 33: Data Table on Comparison by Vehicle Type
6.3 Class 8 - Market size and forecast 2023-2028
Exhibit 34: Chart on Class 8 - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Class 8 - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Class 8 - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Class 8 - Year-over-year growth 2023-2028 (%)
6.4 Class 7 - Market size and forecast 2023-2028
Exhibit 38: Chart on Class 7 - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Class 7 - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Class 7 - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Class 7 - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Vehicle Type
Exhibit 42: Market opportunity by Vehicle Type ($ billion)
Exhibit 43: Data Table on Market opportunity by Vehicle Type ($ billion)

7 Market Segmentation by Distribution Channel

7.1 Market segments
Exhibit 44: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 45: Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Exhibit 46: Chart on Comparison by Distribution Channel
Exhibit 47: Data Table on Comparison by Distribution Channel
7.3 OEM - Market size and forecast 2023-2028
Exhibit 48: Chart on OEM - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on OEM - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on OEM - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on OEM - Year-over-year growth 2023-2028 (%)
7.4 Aftermarket - Market size and forecast 2023-2028
Exhibit 52: Chart on Aftermarket - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Aftermarket - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Aftermarket - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Aftermarket - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Exhibit 56: Market opportunity by Distribution Channel ($ billion)
Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 91: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 Mexico - Market size and forecast 2023-2028
Exhibit 99: Chart on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Mexico - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Mexico - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ billion)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Arnott LLC
Exhibit 111: Arnott LLC - Overview
Exhibit 112: Arnott LLC - Product / Service
Exhibit 113: Arnott LLC - Key offerings
12.4 Bridgestone Corp.
Exhibit 114: Bridgestone Corp. - Overview
Exhibit 115: Bridgestone Corp. - Business segments
Exhibit 116: Bridgestone Corp. - Key news
Exhibit 117: Bridgestone Corp. - Key offerings
Exhibit 118: Bridgestone Corp. - Segment focus
12.5 Buga Technic
Exhibit 119: Buga Technic - Overview
Exhibit 120: Buga Technic - Product / Service
Exhibit 121: Buga Technic - Key offerings
12.6 Continental AG
Exhibit 122: Continental AG - Overview
Exhibit 123: Continental AG - Business segments
Exhibit 124: Continental AG - Key offerings
Exhibit 125: Continental AG - Segment focus
12.7 Cummins Inc.
Exhibit 126: Cummins Inc. - Overview
Exhibit 127: Cummins Inc. - Business segments
Exhibit 128: Cummins Inc. - Key offerings
Exhibit 129: Cummins Inc. - Segment focus
12.8 EMCO INDUSTRIES
Exhibit 130: EMCO INDUSTRIES - Overview
Exhibit 131: EMCO INDUSTRIES - Product / Service
Exhibit 132: EMCO INDUSTRIES - Key offerings
12.9 Hendrickson Holdings LLC
Exhibit 133: Hendrickson Holdings LLC - Overview
Exhibit 134: Hendrickson Holdings LLC - Product / Service
Exhibit 135: Hendrickson Holdings LLC - Key offerings
12.10 JOST Werke AG
Exhibit 136: JOST Werke AG - Overview
Exhibit 137: JOST Werke AG - Business segments
Exhibit 138: JOST Werke AG - Key offerings
Exhibit 139: JOST Werke AG - Segment focus
12.11 Link Manufacturing Ltd.
Exhibit 140: Link Manufacturing Ltd. - Overview
Exhibit 141: Link Manufacturing Ltd. - Product / Service
Exhibit 142: Link Manufacturing Ltd. - Key offerings
12.12 Mando Aftermarket North America
Exhibit 143: Mando Aftermarket North America - Overview
Exhibit 144: Mando Aftermarket North America - Product / Service
Exhibit 145: Mando Aftermarket North America - Key offerings
12.13 Michigan Truck Spring of Saginaw Inc.
Exhibit 146: Michigan Truck Spring of Saginaw Inc. - Overview
Exhibit 147: Michigan Truck Spring of Saginaw Inc. - Product / Service
Exhibit 148: Michigan Truck Spring of Saginaw Inc. - Key offerings
12.14 RoadActive Suspension
Exhibit 149: RoadActive Suspension - Overview
Exhibit 150: RoadActive Suspension - Product / Service
Exhibit 151: RoadActive Suspension - Key offerings
12.15 SAF HOLLAND SE
Exhibit 152: SAF HOLLAND SE - Overview
Exhibit 153: SAF HOLLAND SE - Business segments
Exhibit 154: SAF HOLLAND SE - Key offerings
Exhibit 155: SAF HOLLAND SE - Segment focus
12.16 Simard Suspensions
Exhibit 156: Simard Suspensions - Overview
Exhibit 157: Simard Suspensions - Product / Service
Exhibit 158: Simard Suspensions - Key offerings
12.17 Suncore Industries
Exhibit 159: Suncore Industries - Overview
Exhibit 160: Suncore Industries - Product / Service
Exhibit 161: Suncore Industries - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 162: Inclusions checklist
Exhibit 163: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 164: Currency conversion rates for US$
13.4 Research methodology
Exhibit 165: Research methodology
Exhibit 166: Validation techniques employed for market sizing
Exhibit 167: Information sources
13.5 List of abbreviations
Exhibit 168: List of abbreviations