According to Stratistics MRC, the Global Automotive Suspension Market is accounted for $57.21 billion in 2020 and is expected to reach $87.80 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Technological advancements, rise in production of vehicles, and increase in demand for luxury & comfort in vehicles are driving the market growth. However, high maintenance cost is restraining the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period owing to presence of large number of vehicle and component manufacturers. The government organizations are supporting automotive industry by formulating supportive policies and regulatory frameworks. Countries such as China, India, and Japan opt for this cost-effective automotive suspension architecture, which is expected to drive the market during the forecast period.
Some of the key players profiled in the Automotive Suspension Market include Continental AG, Tenneco Inc, Gabriel India Limited, ThyssenKrupp AG, Hitachi, Mando Corporation, Fox Factory, Inc., KYB Corporation, Hendrickson, Rassini, Wabco and Magneti Marelli S.p.A.
Technologies Covered:
• Advanced
• Conventional
Architectures Covered:
• Two-Wheeler Suspension
• Four-Wheeler Suspension
Geometries Covered:
• Independent
• Semi-Independent
• Dependent (Rigid)
Systems Covered:
• Semi-Active Suspension System
• Active Suspension System
• Passive Suspension System
• Adaptive System
Components Covered:
• Spring
• Rubber Bushing
• Shock Dampener/Absorber
• Suspension/Control Arms
• Ball Joint
• Leaf Spring
• Air Compressor
• Struts
• Link Stabilizer/Sway Bar
Actuations Covered:
• Electronically Actuated Active Suspension
• Hydraulically Actuated Active Suspension
Damping Types Covered:
• Air Suspension
• Electromagnetic Suspension
• Hydraulic / Pneumatic Suspension
Materials Covered:
• Composites
• Steel
Electric & Hybrid Vehicles Covered:
• Internal Combustion Engine (ICE)
• Fuel Cell Electric Vehicles (FCEV)
• Hybrid Electric Vehicles (HEV)
• Battery Electric Vehicles (BEVs)
• Plug-In Hybrid Electric Vehicles (PHEV)
Vehicle Types Covered:
• Buses
• Passenger Cars
• Commercial Vehicle
• Trucks
• Multi-Purpose Vehicles (MPVs)
• Sport Utility Vehicles (SUVs) & Crossovers
• Two-Wheelers
• Pickups
Applications Covered:
• Construction
• Defense
• Farm Tractors
• Electric
• Commercial
Distribution Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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