The global Automotive Suspension market gathered revenue around USD 41.2 Billion in 2020 and market is set to grow USD 52.1 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 4.7% during the prediction period 2021 to 2027. The demand for automotive suspension is driven by the increase in demand for vehicle comfort and safety and the increasing adoption of air suspension systems in HCVs.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Automotive Suspension market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Automotive Suspension market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Automotive Suspension market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Asia Pacific is expected to account for the largest market size during the forecast period.
Countries such as China, Japan, India, South Korea, and the Rest of Asia Pacific are considered under Asia Pacific for market analysis. The region is the leading producer of automotive suspension systems and is expected to retain its position in the coming years. It is the largest producer of economical cars in the world. However, due to the increasing demand for premium cars, OEMs have started investing and developing advanced technologies for the automotive industry. Although countries, such as Japan and South Korea, are the leaders in technology, India and China have the largest vehicle production in Asia Pacific.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Automotive Suspension Market are:
The automotive suspension market are ZF Friedrichshafen AG (Germany) Tenneco Inc. (US) Continental AG (Germany) thyssenkrupp AG (Germany), and BENTELER (Austria).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Automotive Suspension Market, Ice Vehicle Type
(Country Level)
- Passenger cars
- Front Suspension
- Rear Suspension
- LCV
- Front Suspension
- Rear Suspension
- HCV
- Front Suspension
- Rear Suspension
Automotive Suspension Market, Electric & Hybrid Vehicle (Country Level)
- BEV
- Front Suspension
- Rear Suspension
- HEV
- Front Suspension
- Rear Suspension
- PHEV
- Front Suspension
- Rear Suspension
Passive, Semi-Active, And Active Suspension, By Architecture (Country Level)
- MacPherson Strut
- Double Wishbone
- MultiLink
- Twist Beam/Torsion Beam
- Leaf Spring Suspension
- Air Suspension
By Geography
North America
Europe
- Germany
- France
- United Kingdom
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2027);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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