According to a new report published by Reports Monitor titled, “Automotive suspension systems Market By System, Component, Suspension Type, Geometry, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Automotive suspension systems Market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Automotive Suspension system is comprises of control arm, steering knuckle, ball joints, springs, and dampeners. Automotive Suspension systems are of two type non-independent and independent suspension. Major objective behind automotive suspension systems is to provide better ride quality, handling performance and better control on vehicle. Good suspension system protects vehicle and luggage and goods from damage and shock.
Modernization of infrastructure facilities, growing automobile industry, and changes in consumer behavior are major drivers for the growth of automobile suspension system market. Increased demand for comfort, ride quality combined with technological advancement is fuelling the growth of the automobile suspension system. . However, lack of standardization of independent suspension system is expected to hamper the growth of automobile suspension systems globally. Additionally, growing demand for shared mobility and improved public transport globally has reduce the purchase of private vehicles which is expected to influence the demand for automobile suspension systems in the long term.
This report provides a detailed analysis of automotive suspension systems market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global Automotive suspension systems market is majorly segmented on the basis of System (Passive, Semi Active and Active), Component (spring, Shock Dampener, Struts, Control Arms, Ball Joint, Leaf Spring, Air Compressor), Geometry (Dependent, Semi Independent, Independent), Suspension Type (Hydraulic Suspension, Air Suspension, Leaf Spring), and Vehicle type (Two wheeler, Passenger Cars, Commercial Vehicle).
By geography, Global Automotive suspension systems market is studied across North America, Europe, Asia-Pacific, and LAMEA. Growth of automotive suspension systems market in North America region is influenced by factors such as huge demand for vehicles, and availability of modern infrastructure facilities. Rising trend of owing private vehicles, increased disposable income and easy availability of finance are some of the factors ultimately driving the growth of automotive suspension systems market in Asia-Pacific region.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in Global Automotive suspension systems Market and what are their strategies?
• What segment and region will lead the market and why?
The major companies profiled in the report include: KYB Corporation, Hendrickson USA, L.L.C, Gabriel India Limited, FOX Factory, Inc., WABCO, Continental AG, ZF TRW, Magneti Marelli S.p.A, Tenneco Inc., Sogefi SpA, Tower International, F-TECH INC., F&P America, Multimatic Inc., BWI Group, Tinsley Bridge Group, Unity Automotive, and Kumpulan Belton Berhad.
About Garner Insights:
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.