Automotive Suspension Systems Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC245

Increasing emphasis on relatively better ride control and to achieve smooth & safe ride with negligible vibrations are some of the key reasons changing the overall scenario in the global automotive suspension systems market. Automotive suspension systems are crucial for comfort, driving and safety since the vehicle body is installed on the suspension and transfers all the force between the road and the body. The automotive suspension system comprises spring, shock absorber and wishbones to filter and transfer all the external force between the road and body. It also provides better handling performance and enables the vehicle to respond favorably to the external forces generated by tires during acceleration and braking. 
 
Introduction of automotive suspension systems have enabled negligible vibration in vehicles coupled with the optimal quality of ride and overall vehicle controlling. Automotive suspension systems aids in preventing additional wear and tear of components of the vehicle. A simple automotive suspension system includes shock absorbers, springs, struts, ball joints and control arm. Springs are the major part of automotive suspension systems. The main types of springs are coil springs, leaf springs and torsion bars. Passenger vehicles generally use light coil springs whereas light commercial vehicles use leaf and coil springs while heavy commercial vehicles use air suspension. Three major types of automotive suspension systems include semi-active, active and passive. In passive suspension systems, the wheel’s vertical movement depends on the surface whereas in active and semi-active suspension systems, the wheel’s vertical movement totally depends on actively control vertical movement. Active suspension systems have high costs and require frequent maintenance.
 
Increasing demand for better suspension systems as well as increasing number of technological advancements across the globe are some key factors accelerating the demand for lightweight, economical and cheap automotive suspension systems. Strict emission norms laid by the governments and other environmental organizations along with fuel efficiency standards have forced the automotive suspension system manufacturers to opt for technologically advanced solutions. However, despite significant growth of overall automotive suspension market, various challenges such as high prices of independent suspension systems and lack of standardization are hampering the growth of global automotive suspension systems market. In addition, advancements in technology in automotive suspension systems have led to the introduction of electrical generator suspension systems which acts as a power source for certain energy needs of the vehicle along with their actual purpose.
 
The market can be bifurcated by vehicle type, system type, damping type, channel type and geography. By vehicle type, the global automotive suspension systems market can be segmented into heavy commercial vehicles, light commercial vehicles, and passenger vehicles. By system type, the global automotive suspension systems market can be segmented into active, semi-active, passive and adaptive. By damping type, the global automotive suspension systems market can be segmented into hydraulic and electromagnetic. By channel type, the global automotive suspension systems market can be segmented into OEM and aftermarket. By geography, the global automotive suspension systems market can be divided into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific.
 
Some of the players involved in the supply of automotive suspension systems are focusing on key market strategies such as mergers and acquisitions along with improvement in old products and innovations in new product development. They are also concentrating on bringing up new products to meet the demands in the ever-competitive market. Some of the major players in the global automotive suspension systems market include Continental AG, Benteler Group, Magneti Marelli S.p.A., KYB Co., Ltd., Schaeffler AG, Mando Corporation, TRW Automotive Holdings Corporation, Tenneco Inc., and ZF Friedrichshafen AG and WABCO Holdings Inc. among others.
 


Related Reports

Dump Truck Market (By Type: Rear dump trucks, Bottom dump trucks, Lube trucks, Tow trucks, Water trucks, Others; By Engine Capacity: 5Liter, 5L to 10L, More than 10 Liter; By End Use: Military, Construction, Infrastructure, Mining, Agriculture) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Dump Truck Market value is accounted over USD 41,259.8 Million by 2026 and is expected to grow at CAGR 9.1% during the forecast period, 2019-2026. Dump truck is also knows as dumper truck or tipper truck which mainly used to transporting dumps especially for construction. Such truck carries heavy loads and material such as sand, earth and gravel with parts for construction. The dumper typically carries its load or m

Automotive Electronic Control Unit Market (By Technology: Transmission control system, Engine management system, Anti-lock braking system, Climate control system, Power steering system, Airbag restraint system, Body control system; By Application: Utility vehicles, Passenger cars, Commercial vehicles) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Automotive Electronic Control Unit Market is expected to reach over USD 70,986.0 Million by 2026 and is expected to grow at CAGR 6.1% during the forecast period, 2019-2026 Electronic control unit (ECU) is an embedded system that responsible for controlling electrical subsystems in a transport vehicle. Most of the modern motor vehicles have up to 80 ECUs. The development of an ECU unit ma

Automotive Aluminum Market (By End Use: Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Cars; By Application: Suspension, Powertrain, Body Structure, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Automotive Aluminum market is expected to grow at noteworthy CAGR around 8.4 % throughout the forecast period and reach around US$ 62 billion by 2026. It offers great security and durability combined with increased fuel efficiency and decreased emissions as well as offers the most common metal

Autonomous Parking System Market (By Components: Radar, Lidar, Image Sensor, Ultrasonic, Camera, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Autonomous Parking System Market size is expected to reach over 1.8 USD billion by 2026 and is expected to grow at CAGR 15.8% during the forecast period, 2019-2026. Continuously rising vehicle sales across the globe coupled with the increasing concern for the parking spaces have drive the global Autonomous parking system market during the forecast period 2019-2026. Durin

Automotive Sun Visor Market (By Surface Material: Vinyl, Fabric; By Type: LCD Sun Visor, Conventional Type; By Vehicle Type: Commercial Vehicle, Passenger Vehicle, Electric Vehicle; By Sales Channel: Aftermarket, OEM) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Global automotive sun visor market size is accounted over USD 10 billion by 2026 and is expected to grow at CAGR 3.2% during the forecast period 2019 to 2026. Sun visors has become an important part of modern vehicles and they enhance the overall appearance of the vehicle interior. Rising in demand for stylish sun visors, consistent increase in vehicle production across the world, owing to rapid urbanization, and increase in p

Automotive Active Purge Pump Market (By Material Type: Metal, Non Metal; By Components: Dc Motor, Sensors, Actuator, Valves; By Manufacturing Process: Cutting, Vacuum Forming, Injection Molding; By Sales Channel: OEM’s, Aftermarket; By Vehicle Types: Passenger Vehicle, Commercial Vehicle) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive active purge pump market size is expected to reach over USD 4.1 billion by 2026 and will grow at the CAGR of 67.3% from forecast period 2019-2026. An automotive active purge pump is an electrified solution to reduce hydrocarbon evaporative emissions from the vehicle. The automotive active purge pump actively extracts hydrocarbon-laden air from the emission canister that is use

Cart Summary