The analysts forecast global automotive suspension system market to grow at a CAGR of 4.03% during the period 2017-2021. The latest trend gaining momentum in the market is Multimode suspension system.
An active adjustable suspension system in a supercar is not something unique, but the suspension system in the latest Ford GT is something exceptional.
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Ford has used all its engineering expertise in developing this active adjustable multimode suspension system. The Ford GT suspension system replaces the traditional coil spring with a pushrod-actuated torsion bar.
The pushrod actuated torsion bar creates space for giant aero passages by moving the other major components of the suspension system inboard owing to the aerodynamic design of the vehicle.
Major key players in the global automotive suspension system market: BWI Group, Continental, Magneti Marelli, Tenneco, LORD Corporation, Mando, and thyssenkrupp Bilstein.
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According to the automotive suspension system market report, one of the major drivers for this market is Electronic suspension systems for efficient ride handling and safety. The automotive suspension system is evolving at a rapid pace.
Ride technologies and systems are improving as safety and driving experience are becoming top priorities for customers, driving their purchase decisions. Manufacturers of suspension systems depend on new technologies and their expertise to maintain their competitive edge in ride-related technologies.
As a result, the global automotive suspension system market is witnessing technological developments in the form of lightweight, air-controlled, and electronically controlled suspension systems.
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Further, the automotive suspension system market report states that one of the major factors hindering the growth of this market is High replacement cost of individual components. Automotive suspension systems have several major components like shock absorbers, springs, leaf springs, struts, ball joints, and control arms.
The life of a suspension system cannot be generalized. It depends on factors like how and where the vehicle is driven.
However, the probability of a component of the suspension system like shock absorbers, springs, and control arms getting damaged due to the impact of the irregular roads or potholes is high.
Complete report on automotive suspension system market spread across 69 pages, analyzing 7 major companies and providing 23 data exhibits now available at www.reportsnreports.com/reports/12…t-2017-2021.html.
Few Points from List of Exhibits Market:
Exhibit 1: Components of An Automotive Chassis
Exhibit 2: Components of A Suspension System
Exhibit 3: Types of Springs Used in Suspension Systems
Exhibit 4: Types of Suspension Systems
Exhibit 5: Segmentation of Global Automotive Suspension System Market
Exhibit 6: Global Automotive Suspension System Market 2016-2021 (Million Units)
Exhibit 7: Five Forces Analysis
Exhibit 8: Global Automotive Suspension System Market By Vehicle Type 2016 (%)
Exhibit 9: Global Automotive Suspension System Market By Vehicle Type 2021 (%)
Exhibit 10: Global Automotive Suspension System Market For Passenger Cars 2016-2021 (Million Units)
Exhibit 11: Global Automotive Suspension System Market For Commercial Vehicles 2016-2021 (Million Units)
Exhibit 12: Global Automotive Suspension System Market By Geography 2016 (%)
Exhibit 13: Global Automotive Suspension System Market By Geography 2021 (%)
Exhibit 14: Automotive Suspension System Market in APAC 2016-2021 (Million Units)
Exhibit 15: Automotive Suspension System Market in EMEA 2016-2021 (Million Units)