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The integration of active steering controls within performance suspension systems will drive growth in the market. Vehicle makers are upgrading their existing vehicular system with digital systems to increase operational efficiency and safety. The analysts have predicted that the automotive performance suspension market will register a CAGR of almost 8% by 2023.
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Market Overview
Increasing adoption of air-suspension systems
Air suspension systems are innovative suspension systems mainly used in heavy commercial vehicles to reduce vibration and engine noise. Thus, the adoption of air-suspension systems in modern high-performance vehicles is likely to push the technological advances in suspension systems which, in turn, will drive the automotive performance suspension system market growth during the forecast period.
High cost of production
An automotive performance suspension system with adjustable height features cost significantly higher than conventional spring-based automotive suspension system. This increases the cost of production, thus this rise in production costs is a major factor that impedes market growth.
For the detailed list of factors that will drive and challenge the growth of the automotive performance suspension market during the 2019-2023, view this report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including BWI Group and Continental the competitive environment is quite intense. Factors such as the integration of active steering controls within performance suspension systems and the Increasing adoption of air-suspension systems, will provide considerable growth opportunities to automotive performance suspension manufactures. BWI Group, Continental, Tenneco, thyssenkrupp, and ZF Friedrichshafen are some of the major companies covered in this report.
‘With the presence of a considerable number of companies, this market appears to be fragmented. Vendors are upgrading their existing vehicular system with digital systems to increase operational efficiency and safety.’
Table of Contents
PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORTPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Executive Summary
Global Automotive Performance Suspension Market 2019-2023The author of the report recognizes the following companies as the key players in the global automotive performance suspension market: BWI Group, Continental, Tenneco, thyssenkrupp, and ZF Friedrichshafen.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the integration of active steering controls within performance suspension systems.”
According to the report, one of the major drivers for this market is the increasing adoption of air-suspension systems.
Further, the report states that one of the major factors hindering the growth of this market is the high cost of production.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- BWI Group
- Continental
- Tenneco
- thyssenkrupp
- ZF Friedrichshafen