Global Automotive Suspension Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global automotive suspension market in its upcoming report titled, “Global Automotive Suspension Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automotive suspension market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive suspension market report has been segmented on the basis of system type, component type, vehicle type, damping type, and region.

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The suspension system of an automobile is a part which separates the wheel/axle Assembly from body. The purpose of a suspension system is to support the vehicle body and increase ride comfort.

Increasing demand for vehicles with advanced suspension systems that provide improved handling and increase comfort performance is a major factor driving growth of the global automotive suspension market. In addition, rising disposable income and increasing production across the globe are other factors expected to boost growth of the global automotive suspension market. Moreover, growing focus toward safety and various benefits of suspension such as preventing road shock impact on vehicle frame, preserving stability of vehicle in pitching and rolling, etc. are other factors expected to support growth of the global automotive suspension market.

However, high cost of suspension and high maintenance cost are major factors restraining growth of the global automotive suspension market. In addition, increasing vehicle standards for safety purpose is expected to challenge growth of the global automotive suspension market to certain extent.

Technological advancements and increased R&D activities by manufactures for development of light weight and low maintenance suspension is expected to create new opportunities in terms of revenue for players operating in the global automotive suspension market over the forecast period.

Asia Pacific market is expected to dominate in the global automotive suspension market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing production of vehicles, and presence of prominent players operating in countries such as India and China in this region. Europe market is expected to account for significant revenue share in the global automotive suspension market owing to rising disposable income and presence of major end-user car manufacturers in this region.

Target audience for the global automotive suspension market include manufacturers of automotive suspension systems, suspension system component manufacturers, suppliers of raw material for suspension system component, dealers and distributors of automotive suspension systems, OEMs, and automobile industry.

Global Automotive Suspension Market Segmentation:

By System Type:

• Dependent (Rigid) Suspension System
• Independent Suspension System

By Component Type:

• Springs
• Control Arms
• Shock Absorbers/Dampeners
• Ball Joints
• Others

By Vehicle Type:

• Passenger Vehicles
• Commercial Vehicles

By Damping Type:

• Electromagnetic
• Hydraulic
• Air Suspension
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa