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Trends in automotive suspension system market explained by top research firm

Trends in automotive suspension system market explained by top research firm

The suspension system market is projected to grow at a CAGR ofxx.xx%, by value, from 2017 to 2022. The market is estimated to grow from USD xx.xx Billion in 2017 to USD xx.xx Billion by 2022.

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In this study, 2017 has been considered as the base year, and 2017 to 2022 as the forecast period, for estimating the market size of suspension system market.

The objective of the report is to analyze and forecast the market segments with respect to four regions, market segments based on system type, architecture type, damping type, components and vehicle type.

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In the report, detailed information regarding drivers, restraints, opportunities, industry specific challenges, burning issues, PEST analysis, value chain analysis and PLC analysis has been provided.

The major suspension system players, their developments has been studied in the report.

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The research methodology used in the report involves various secondary sources including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the suspension system market.

The bottom-up approach has been used to estimate the market size, in which country-wise vehicle production statistics has been taken into account for each vehicle type.

In order to arrive at the market size, in terms of volume for suspension system, model mapping has been done. The mapping for the suspension system has been conducted according to market segments—namely, architecture, damping, system, air suspension, and leaf spring market.

The penetration is then multiplied by vehicle production numbers to get the country-level suspension system market volume. This country-wise suspension system market size, in terms of volume, for each vehicle type is then multiplied with the country-wise average OE price of suspension systems.

This results in the country-wise market size, in terms of value. The summation of the country-wise markets gives the regional market and further summation of the regional markets provides the automotive suspension system market.

Model mapping for air suspension and leaf spring suspension types has been done separately to find the market by region.

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