AUTOMOTIVE & TRANSPORTATION
Global Automotive Suspension Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Automotive Suspension Market, By System (Passive System, Active System, and Semi-active System), Geometry (Dependent, Semi-independent, and Independent), Architecture (Macpherson Strut, Double Wishbone, Multilink Suspension, Twist Beam/torsion Beam Suspension, Leaf Spring Suspension, and Air Suspension), Actuation (Hydraulically Actuated Active Suspension and Electronically Actuated Active Suspension), Component (Spring, Shock Dampener, Struts, Control Arms, Ball Joint, Air compressor, Leaf spring, and Others), Vehicle Type (Two-wheeler, Passenger Cars, and Commercial Vehicle), Sales Channel (OEM and Aftermarket ), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global automotive suspension market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Automotive suspension is the system of components that connects a vehicle's body to its wheels and controls the vehicle's ride comfort, stability, handling, and control. A suspension system's principal role is to absorb shocks and vibrations from the road surface, allowing the vehicle to retain contact with the road while reducing passenger discomfort and increasing vehicle stability and control.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Rising demand for electric vehicles (EVs)
- Demand for comfort and safety
RESTRAINTS
- High cost of advanced technologies
- Complexity of integration and calibration
OPPORTUNITIES
- Technological advancements
- Increasing focus on vehicle dynamics
CHALLENGES
- Long product development cycles
- Manufacturing constraints and supply chain disruptions
SEGMENTATION
- System
- Passive System
- Active System
- Semi-active System
- Geometry
- Dependent
- Semi-independent
- Independent
- Architecture
- Macpherson Strut
- Double Wishbone
- Multilink Suspension
- Twist Beam/torsion Beam Suspension
- Leaf Spring Suspension
- Air Suspension
- Actuation
- Hydraulically Actuated Active Suspension
- Electronically Actuated Active Suspension
- Component
- Spring
- Shock Dampener
- Struts
- Control Arms
- Ball Joint
- Air compressor
- Leaf spring
- Others
- Vehicle Type
- Two-wheeler
- Passenger Cars
- Commercial Vehicle
- Sales Channel
- OEM
- Aftermarket
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- ZF Friedrichshafen AG
- KYB Corporation
- ThyssenKrupp AG
- Tenneco Inc.
- Continental AG
- NHK Springs Co., Ltd.
- Benteler International AG
- HL Mando Corp.
- Sogefi Group
- Marelli Corporation
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Automotive Suspension Market, by System
- 3.2 Global Automotive Suspension Market, by Geometry
- 3.3 Global Automotive Suspension Market, by Architecture
- 3.4 Global Automotive Suspension Market, by Actuation
- 3.5 Global Automotive Suspension Market, by Component
- 3.6 Global Automotive Suspension Market, by Vehicle Type
- 3.7 Global Automotive Suspension Market, by Sales Channel
- 3.8 Global Automotive Suspension Market, by Geography
- 3.9 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Rising vehicle production
- 5.1.2 Urbanization and infrastructure development
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Rising demand for electric vehicles (EVs)
- 5.2.2 Rising demand for electric vehicles (EVs)
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High cost of advanced technologies
- 5.3.2 Complexity of integration and calibration
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Technological advancements
- 5.4.2 Increasing focus on vehicle dynamics
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Long product development cycles
- 5.5.2 Manufacturing constraints and supply chain disruptions
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY SYSTEM
- 6.1 System Summary
- 6.2 Market Attractive Index
- 6.3 Global Automotive Suspension Market, by System (2019-2032)
- SECTION 7 - GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY GEOMETRY
- 7.1 Geometry Summary
- 7.2 Market Attractive Index
- 7.3 Global Automotive Suspension Market, by Geometry (2019-2032)
- SECTION 8 - GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE
- 8.1 Architecture Summary
- 8.2 Market Attractive Index
- 8.3 Global Automotive Suspension Market, by Architecture (2019-2032)
- SECTION 9 - GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY ACTUATION
- 9.1 Actuation Summary
- 9.2 Market Attractive Index
- 9.3 Global Automotive Suspension Market, by Actuation (2019-2032)
- SECTION 10 - GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY COMPONENT
- 10.1 Component Summary
- 10.2 Market Attractive Index
- 10.3 Global Automotive Suspension Market, by Component (2019-2032)
- SECTION 11 - GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY VEHICLE TYPE
- 11.1 Vehicle Type Summary
- 11.2 Market Attractive Index
- 11.3 Global Automotive Suspension Market, by Vehicle Type (2019-2032)
- SECTION 12 - GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY SALES CHANNEL
- 12.1 Sales Channel Summary
- 12.2 Market Attractive Index
- 12.3 Global Automotive Suspension Market, by Sales Channel (2019-2032)
- SECTION 13 - GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY GEOGRAPHY
- 13.1 Regional Summary
- 13.2 Market Attractive Index
- 13.3 Global Automotive Suspension Market, by Geography (2019-2032)
- SECTION 14 - NORTH AMERICA AUTOMOTIVE SUSPENSION MARKET
- 14.1 North America Summary
- 14.2 Market Attractive Index
- 14.3 North America Automotive Suspension Market, by System (2019-2032)
- 14.4 North America Automotive Suspension Market, by Geometry (2019-2032)
- 14.5 North America Automotive Suspension Market, by Architecture (2019-2032)
- 14.6 North America Automotive Suspension Market, by Actuation (2019-2032)
- 14.7 North America Automotive Suspension Market, by Component (2019-2032)
- 14.8 North America Automotive Suspension Market, by Vehicle Type (2019-2032)
- 14.9 North America Automotive Suspension Market, by Sales Channel (2019-2032)
- 14.10 North America Automotive Suspension Market, by Country (2019-2032)
- 14.10.1 U.S.
- 14.10.2 Canada
- 14.10.3 Mexico
- 14.10.4 Rest of North America
- SECTION 15 - EUROPE AUTOMOTIVE SUSPENSION MARKET
- 15.1 Europe Summary
- 15.2 Market Attractive Index
- 15.3 Europe Automotive Suspension Market, by System (2019-2032)
- 15.4 Europe Automotive Suspension Market, by Geometry (2019-2032)
- 15.5 Europe Automotive Suspension Market, by Architecture (2019-2032)
- 15.6 Europe Automotive Suspension Market, by Actuation (2019-2032)
- 15.7 Europe Automotive Suspension Market, by Component (2019-2032)
- 15.8 Europe Automotive Suspension Market, by Vehicle Type (2019-2032)
- 15.9 Europe Automotive Suspension Market, by Sales Channel (2019-2032)
- 15.10 Europe Automotive Suspension Market, by Country (2019-2032)
- 15.10.1 Germany
- 15.10.2 U.K.
- 15.10.3 France
- 15.10.4 Italy
- 15.10.5 Spain
- 15.10.6 Russia
- 15.10.7 The Netherlands
- 15.10.8 Belgium
- 15.10.9 Turkey
- 15.10.10 Rest of Europe
- SECTION 16 - ASIA-PACIFIC AUTOMOTIVE SUSPENSION MARKET
- 16.1 Asia-Pacific Summary
- 16.2 Market Attractive Index
- 16.3 Asia-Pacific Automotive Suspension Market, by System (2019-2032)
- 16.4 Asia-Pacific Automotive Suspension Market, by Geometry (2019-2032)
- 16.5 Asia-Pacific Automotive Suspension Market, by Architecture (2019-2032)
- 16.6 Asia-Pacific Automotive Suspension Market, by Actuation (2019-2032)
- 16.7 Asia-Pacific Automotive Suspension Market, by Component (2019-2032)
- 16.8 Asia-Pacific Automotive Suspension Market, by Vehicle Type (2019-2032)
- 16.9 Asia-Pacific Automotive Suspension Market, by Sales Channel (2019-2032)
- 16.10 Asia-Pacific Automotive Suspension Market, by Country (2019-2032)
- 16.10.1 China
- 16.10.2 India
- 16.10.3 Japan
- 16.10.4 South Korea
- 16.10.5 Singapore
- 16.10.6 Malaysia
- 16.10.7 Australia
- 16.10.8 Thailand
- 16.10.9 Philippines
- 16.10.10 Rest of Asia-Pacific
- SECTION 17 - SOUTH AMERICA AUTOMOTIVE SUSPENSION MARKET
- 17.1 South America Summary
- 17.2 Market Attractive Index
- 17.3 South America Automotive Suspension Market, by System (2019-2032)
- 17.4 South America Automotive Suspension Market, by Geometry (2019-2032)
- 17.5 South America Automotive Suspension Market, by Architecture (2019-2032)
- 17.6 South America Automotive Suspension Market, by Actuation (2019-2032)
- 17.7 South America Automotive Suspension Market, by Component (2019-2032)
- 17.8 South America Automotive Suspension Market, by Vehicle Type (2019-2032)
- 17.9 South America Automotive Suspension Market, by Sales Channel (2019-2032)
- 17.10 South America Automotive Suspension Market, by Country (2019-2032)
- 17.10.1 Brazil
- 17.10.2 Argentina
- 17.10.3 Chile
- 17.10.4 Colombia
- 17.10.5 Rest of South America
- SECTION 18 - MIDDLE EAST AND AFRICA AUTOMOTIVE SUSPENSION MARKET
- 18.1 Middle East and Africa Summary
- 18.2 Market Attractive Index
- 18.3 Middle East and Africa Automotive Suspension Market, by System (2019-2032)
- 18.4 Middle East and Africa Automotive Suspension Market, by Geometry (2019-2032)
- 18.5 Middle East and Africa Automotive Suspension Market, by Architecture (2019-2032)
- 18.6 Middle East and Africa Automotive Suspension Market, by Actuation (2019-2032)
- 18.7 Middle East and Africa Automotive Suspension Market, by Component (2019-2032)
- 18.8 Middle East and Africa Automotive Suspension Market, by Vehicle Type (2019-2032)
- 18.9 Middle East and Africa Automotive Suspension Market, by Sales Channel (2019-2032)
- 18.10 Middle East and Africa Automotive Suspension Market, by Country (2019-2032)
- 18.10.1 Kingdom of Saudi Arabia
- 18.10.2 South Africa
- 18.10.3 U.A.E.
- 18.10.4 Egypt
- 18.10.5 Rest of Middle East and Africa
- SECTION 19 - COMPANY SHARE ANALYSIS
- 19.1 Global Automotive Suspension Market, Company Share Analysis
- 19.2 North America Automotive Suspension Market, Company Share Analysis
- 19.3 Europe Automotive Suspension Market, Company Share Analysis
- 19.4 Asia-Pacific Automotive Suspension Market, Company Share Analysis
- SECTION 20 - COMPANY PROFILES
- 20.1 ZF Friedrichshafen AG
- 20.1.1 Company Snapshot
- 20.1.2 Financial Overview
- 20.1.3 Product Portfolio
- 20.1.4 Recent Developments
- 20.2 KYB Corporation
- 20.2.1 Company Snapshot
- 20.2.2 Financial Overview
- 20.2.3 Product Portfolio
- 20.2.4 Recent Developments
- 20.3 ThyssenKrupp AG
- 20.3.1 Company Snapshot
- 20.3.2 Financial Overview
- 20.3.3 Product Portfolio
- 20.3.4 Recent Developments
- 20.4 Tenneco Inc.
- 20.4.1 Company Snapshot
- 20.4.2 Financial Overview
- 20.4.3 Product Portfolio
- 20.4.4 Recent Developments
- 20.5 Continental AG
- 20.5.1 Company Snapshot
- 20.5.2 Financial Overview
- 20.5.3 Product Portfolio
- 20.5.4 Recent Developments
- 20.6 NHK Springs Co., Ltd.
- 20.6.1 Company Snapshot
- 20.6.2 Financial Overview
- 20.6.3 Product Portfolio
- 20.6.4 Recent Developments
- 20.7 Benteler International AG
- 20.7.1 Company Snapshot
- 20.7.2 Financial Overview
- 20.7.3 Product Portfolio
- 20.7.4 Recent Developments
- 20.8 HL Mando Corp.
- 20.8.1 Company Snapshot
- 20.8.2 Financial Overview
- 20.8.3 Product Portfolio
- 20.8.4 Recent Developments
- 20.9 Sogefi Group
- 20.9.1 Company Snapshot
- 20.9.2 Financial Overview
- 20.9.3 Product Portfolio
- 20.9.4 Recent Developments
- 20.10 Marelli Corporation
- 20.10.1 Company Snapshot
- 20.10.2 Financial Overview
- 20.10.3 Product Portfolio
- 20.10.4 Recent Developments
- SECTION 21 - RELATED REPORTS
- SECTION 22 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.