Automotive Suspension Market By System (Passive, And Semi Active/Active), Component (Spring, Shock Dampener, Struts, Control Arms, Ball Joint, Leaf Spring, And Air Compressor), Geometry (Dependent, Semi Independent, And Independent), Suspension Type (Hydraulic Suspension, Air Suspension, And Leaf Spring), And Vehicle Type (Two Wheeler, Passenger Cars, And Commercial Vehicle) - Global Opportunity Analysis And Industry Forecasts, 2014-2022
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Automotive suspension market consists of a system of spring, shock absorbers, struts, control arms, and ball joints that connect the vehicle to the wheel and subsequently enable relative motion between the two. The type of geometry and system used to build suspension depends on the camber of the wheel, castor of the hub, toe of the vehicle, and king pin inclination of the control arms.
Suspensions keep the tires of vehicle in contact with road. They are used in the vehicle to diminish the shocks associated with the vehicle during driving, thus making the ride more comfortable.
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They also protect the vehicle and its cargo from any damage or wear, and provide isolation to the vehicle from high-frequency vibrations from tire excitation.
Technological advancements, rise in production of vehicles, and increase in demand for luxury & comfort drive the market growth. Also, increasing global safety regulations, and rising disposable income of the people are the other factors that propel the market growth.
However, continuously strengthening global vehicle standards and high maintenance cost of advanced suspension systems hamper the market growth. Moreover, rise in demand for lightweight suspension system and development of advanced suspension system for two wheelers, are expected to create huge opportunities for the growth of market in the coming years.
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The market is segmented on the basis of system, component, geometry, suspension type, vehicle type, and geography. By type of systems, it is bifurcated into passive system and semi-active/active system.
By component type, it is classified into spring, shock dampener, struts, control arm, ball joints, leaf spring, and air compressor. On the basis of type of geometry, it is segmented into dependent, semi-independent, and independent suspension.
According to the type of suspension, it is divided into hydraulic, air and leaf spring suspension. By vehicle type, the market is categorized into two wheelers, passenger cars, and commercial vehicles.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA regions. North America comprises U.S., Canada, and Mexico.
Europe includes Germany, France, Italy, UK, and rest of Europe. Asia-Pacific includes China, Japan, South Korea, India, and rest of Asia-Pacific.
Latin America, Middle East, and Africa are considered in the LAMEA region.
The key players operating in the automotive suspension market are KYB Corporation (Japan), Hendrickson USA, L.L.C (U.S.), Gabriel India Limited (India), FOX Factory, Inc. (U.S.), WABCO (Belgium), Continental AG (Germany), ZF TRW (U.S.), Magneti Marelli S.p.A (Italy), Tenneco Inc. (U.S.), and Sogefi SpA (Italy).
KEY BENEFITS FOR STAKEHOLDERS
- The report includes an extensive analysis of the factors that drive and restrain the world automotive suspension market.
- The market projections from 2014 to 2022 are included in the report along with the impacting factors.
- The report also provides quantitative and qualitative trends to assist the stakeholders to understand the situations prevailing in the market.
- Competitive intelligence highlights the business practices followed by leading market players across various geographies.
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