Automotive Suspension Market: Trends, Opportunities and Competitive Analysis

Automotive Suspension Market Trends and Forecast

The future of the global automotive suspension market looks promising with opportunities in the passenger car, light commercial vehicle and heavy commercial vehicle segments. The global automotive suspension market is expected to reach an estimated $57.6 billion by 2027 with a CAGR of 4.8% from 2021 to 2027. The major drivers for this market are increasing vehicle production, increasing need for improved ride quality, and the growing demand for advanced safety and convenience systems.

Emerging Trends in the Automotive Suspension Market

Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of electronic suspension technology, and the introduction of energy recovery suspension systems.

A total of 139 figures / charts and 110 tables are provided in this 209-page report to help in your business decisions. To learn the scope, benefits, companies researched, and other details of the global automotive suspension market report, please download the report brochure.

Automotive Suspension Market by Segments

In this market, passive suspension is the largest market by system, whereas OEM is largest in end user. The study includes trends and forecast for the global automotive suspension market by vehicle type, system type, damping type, end user, material type, and region as follows:

Automotive Suspension Market by Vehicle Type [Value $ Billion from 2016 to 2027]:

• Small Cars
• Compact Cars
• Mid-Size Cars
• Large Cars
• SUVs and Crossovers
• MPVs
• Pickups
• Heavy Commercial Vehicles

Automotive Suspension Market by System [Value $ Billion from 2016 to 2027]:

• Passive Suspension System
• Active Suspension System
• Semi-Active Suspension System

Automotive Suspension Market by Damping Type [Value $ Billion from 2016 to 2027]:

• Hydraulic Suspension
• Air Suspension
• Leaf Spring Suspension
• Others

Automotive Suspension Market by End User [Value $ Billion from 2016 to 2027]:

• OEM
• Aftermarket

Automotive Suspension Market by Material Type [Value $ Billion 2021 and $ Billion 2027]:

• Steel
• Composites
• Others

Automotive Suspension Market by Region[Value ($ Billion) and Volume (Million Units) from 2016 to 2027]:

• North America

United States

Canada

Mexico

• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Japan
• China
• India
• Brazil
• APAC
• ROW

List of Automotive Suspension Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive suspension companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive suspension companies profiled in this report includes.

• Benteler International
• Tenneco Inc
• ZF Friedrichshafen AG
• KYB Corporation
• Magneti Marelli S.p.A
• Mando Corporation
• Sogefi Group
• Rassini
• NHK Spring
• ThyssenKrupp

Automotive Suspension Market Insights

• Lucintel forecasts that passive suspension segment will remain the largest vehicle type segment over the forecast period due its feature that it helps in limiting the motion of the body and wheel by limiting their relative velocities.
• Within the global automotive suspension market, OEM, and aftermarket are the major end-user segments. OEM is expected to remain the largest segment due to increasing automotive production and increasing demand for lightweight suspension components during the forecast period.
• APAC is expected to remain the largest region and register the highest growth rate due to higher vehicle production, increasing government regulations for safety and security, and consumer demand for improved suspensions during the forecast period.

Features of the Automotive Suspension Market

• Market Size Estimates: Automotive suspension market size estimation in terms of value ($B) and volume (Million Units)
• Trend And Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Automotive suspension market size by various segments, such as vehicle type, system, damping type, end user, material type, and region in terms of value ($B) and volume (Million Units)
• Regional Analysis: Automotive suspension market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different vehicle type, system, damping type, end user, material type,, and regions for the Automotive Suspension market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the automotive suspension market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the automotive suspension market size?

Answer: The global automotive suspension market is expected to reach an estimated $57.6 billion by 2027.

Q2. What is the growth forecast for automotive suspension market?

Answer: The automotive suspension market is expected to grow at a CAGR of 4.8% from 2021 to 2027.

Q3. What are the major drivers influencing the growth of the automotive suspension market?

Answer: The major drivers for this market are increasing vehicle production, increasing need for improved ride quality, and the growing demand for advanced safety and convenience systems.

Q4. What are the major vehicle type segments for automotive suspension?

Answer: The future of the global automotive suspension market looks promising with opportunities in the compact car and large car segment.

Q5. What are the emerging trends in automotive suspension market?

Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of electronic suspension technology, and the introduction of energy recovery suspension system.

Q6. Who are the key automotive suspension companies?

Answer: Some of the key automotive suspension companies are as follows:

• Benteler International
• Tenneco Inc
• ZF Friedrichshafen AG
• KYB Corporation
• Magneti Marelli S.p.A
• Mando Corporation
• Sogefi Group
• Rassini
• NHK Spring
• ThyssenKrupp

Q7.Which automotive suspension end user segment will be the largest in future?

Answer: Lucintel forecasts that OEM segment will remain the largest end user segment over the forecast period due to increasing automotive production and increasing demand for lightweight suspension components during the forecast period.

Q8: In automotive suspension market, which region is expected to be the largest in next 5 years?

Answer: Asia Pacific will remain the largest region and is expected to witness the highest growth over next 5 years

Q9. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1 What are some of the most promising growth opportunities for the global automotive suspension market by vehicle type (passenger car, light commercial vehicle, and heavy commercial vehicle), by system (passive suspension system, active suspension system, and semi- active suspension system), by damping type (hydraulic suspension, air suspension, leaf spring suspension, and others), end user (OEM and aftermarket), by material type (steel, composites, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2 Which segments will grow at a faster pace and why?
• Q.3 Which region will grow at a faster pace and why?
• Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global automotive suspension market?
• Q.5 What are the business risks and threats to the global automotive suspension market?
• Q.6 What are the emerging trends in this automotive suspension market and the reasons behind them?
• Q.7 What are some changing demands of customers in the automotive suspension market?
• Q.8 What are the new developments in the automotive suspension market? Which companies are leading these developments?
• Q.9 Who are the major players in the automotive suspension market? What strategic initiatives are being implemented by key players for business growth?
• Q.10 What are some of the competitive products and processes in the automotive suspension market, and how big of a threat do they pose for loss of market share via material or product substitution?
• Q.11 What M&A activities did take place in the last five years in the global automotive suspension market?