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Automotive Suspension Market By Component, By Vehicle Type, By Geometry, By Suspension Type, By System: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 342 Pages
  • October 2023
  • Region: Global
  • Allied Market Research
  • ID: 5031484
UP TO OFF until Oct 24th 2024
Automotive suspension 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 vehicles to prevent shocks associated with during driving, thus making the ride more comfortable. In addition, they protect vehicles and their cargo from any damage or wear, and provide isolation to vehicles from high-frequency vibrations from tire excitation.

Technological advancements, rise in production of vehicles, and increase in demand for luxury & comfort boost the growth of the global automotive suspension market. In addition, increase in global safety regulations and rise in disposable income 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. Conversely, 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.

The increasing emphasis on electric vehicles (EVs) and hybrid vehicles presents a significant growth avenue for the suspension market. EVs, with their unique weight distribution and characteristics, require specialized suspension systems to ensure optimal handling and ride comfort. This burgeoning segment offers opportunities for suspension system manufacturers to develop innovative solutions that cater to the specific needs of electric and hybrid vehicles. Furthermore, the rising popularity of autonomous vehicles has led to a demand for advanced suspension systems capable of delivering a superior ride experience. Autonomous vehicles place a premium on passenger comfort, as occupants become more focused on in-car activities rather than driving. As a result, the development of adaptive and precision-controlled suspension technology is becoming paramount, offering opportunities for suppliers to provide cutting-edge solutions to automakers.

The global automotive suspension market is segmented into system, component, geometry, suspension type, vehicle type, and region. On the basis of system, the market is categorized into passive system and semi-active/active system. Depending on component, it is classified into spring, shock dampener, struts, control arms, ball joint, air compressor, and leaf spring. By geometry, it is categorized into dependent, semi-independent, and independent suspension. According to suspension type, it is fragmented into hydraulic, air, and electro-magnetic suspension. Depending on vehicle type, it is categorized into two-wheelers, passenger cars, and commercial vehicles. The market is analyzed on the basis of four regions, North America, Europe, Asia-Pacific, and LAMEA.The key players analyzed in the global automotive suspension market include Continental AG, Fox Factory, Inc., Gabriel India Limited, Hendrickson USA, L.L.C., KYB Corporation, Mando Corporation, Sogefi S.P.A., Tenneco INC., Wabco, and ZF TRW.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive suspension market analysis from 2022 to 2032 to identify the prevailing automotive suspension market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the automotive suspension market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global automotive suspension market trends, key players, market segments, application areas, and market growth strategies.

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Key Market Segments

By Geometry

  • Dependent geometry
  • Semi Independent
  • Independent geometry

By Suspension Type

  • Hydraulic Suspension
  • Air Suspension
  • Leaf Spring Suspension

By System

  • Passive System
  • Semi Active/Active System

By Component

  • Spring
  • Shock Dampener
  • Struts
  • Control Arms
  • Ball Joint
  • Air compressor
  • Leaf spring

By Vehicle Type

  • Two-wheeler
  • Passenger Cars
  • Commercial Vehicle

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • WABCO Holdings Inc.
  • HL Mando Corp.
  • Sogefi SpA
  • Hendrickson USA LLC
  • Tenneco Inc.
  • ThyssenKrupp AG
  • Continental AG
  • Gabriel India Ltd (ANAND Group)
  • KYB Corporation
  • FOX Factory, Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
CHAPTER 4: AUTOMOTIVE SUSPENSION MARKET, BY COMPONENT
4.1. Overview
4.2. Spring
4.3. Shock Dampener
4.4. Struts
4.5. Control Arms
4.6. Ball Joint
4.7. Air compressor
4.8. Leaf spring
CHAPTER 5: AUTOMOTIVE SUSPENSION MARKET, BY VEHICLE TYPE
5.1. Overview
5.2. Two-wheeler
5.3. Passenger Cars
5.4. Commercial Vehicle
CHAPTER 6: AUTOMOTIVE SUSPENSION MARKET, BY GEOMETRY
6.1. Overview
6.2. Dependent geometry
6.3. Semi Independent
6.4. Independent geometry
CHAPTER 7: AUTOMOTIVE SUSPENSION MARKET, BY SUSPENSION TYPE
7.1. Overview
7.2. Hydraulic Suspension
7.3. Air Suspension
7.4. Leaf Spring Suspension
CHAPTER 8: AUTOMOTIVE SUSPENSION MARKET, BY SYSTEM
8.1. Overview
8.2. Passive System
8.3. Semi Active/Active System
CHAPTER 9: AUTOMOTIVE SUSPENSION MARKET, BY REGION
9.1. Overview
9.2. North America
9.3. Europe
9.4. Asia-Pacific
9.5. LAMEA
CHAPTER 10: COMPETITIVE LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product mapping of top 10 player
10.4. Competitive dashboard
10.5. Competitive heatmap
10.6. Top player positioning, 2022
CHAPTER 11: COMPANY PROFILES
11.1. Continental AG
11.2. FOX Factory, Inc.
11.3. Gabriel India Ltd (ANAND Group)
11.4. Hendrickson USA LLC
11.5. KYB Corporation
11.6. HL Mando Corp.
11.7. Sogefi SpA
11.8. Tenneco Inc.
11.9. WABCO Holdings Inc.
11.10. ThyssenKrupp AG
List of Tables
Table 01. Global Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 02. Automotive Suspension Market for Spring, by Region, 2022-2032 ($ Million)
Table 03. Automotive Suspension Market for Shock Dampener, by Region, 2022-2032 ($ Million)
Table 04. Automotive Suspension Market for Struts, by Region, 2022-2032 ($ Million)
Table 05. Automotive Suspension Market for Control Arms, by Region, 2022-2032 ($ Million)
Table 06. Automotive Suspension Market for Ball Joint, by Region, 2022-2032 ($ Million)
Table 07. Automotive Suspension Market for Air Compressor, by Region, 2022-2032 ($ Million)
Table 08. Automotive Suspension Market for Leaf Spring, by Region, 2022-2032 ($ Million)
Table 09. Global Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 10. Automotive Suspension Market for Two-Wheeler, by Region, 2022-2032 ($ Million)
Table 11. Automotive Suspension Market for Passenger Cars, by Region, 2022-2032 ($ Million)
Table 12. Automotive Suspension Market for Commercial Vehicle, by Region, 2022-2032 ($ Million)
Table 13. Global Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 14. Automotive Suspension Market for Dependent Geometry, by Region, 2022-2032 ($ Million)
Table 15. Automotive Suspension Market for Semi Independent, by Region, 2022-2032 ($ Million)
Table 16. Automotive Suspension Market for Independent Geometry, by Region, 2022-2032 ($ Million)
Table 17. Global Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 18. Automotive Suspension Market for Hydraulic Suspension, by Region, 2022-2032 ($ Million)
Table 19. Automotive Suspension Market for Air Suspension, by Region, 2022-2032 ($ Million)
Table 20. Automotive Suspension Market for Leaf Spring Suspension, by Region, 2022-2032 ($ Million)
Table 21. Global Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 22. Automotive Suspension Market for Passive System, by Region, 2022-2032 ($ Million)
Table 23. Automotive Suspension Market for Semi Active/Active System, by Region, 2022-2032 ($ Million)
Table 24. Automotive Suspension Market, by Region, 2022-2032 ($ Million)
Table 25. North America Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 26. North America Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 27. North America Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 28. North America Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 29. North America Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 30. North America Automotive Suspension Market, by Country, 2022-2032 ($ Million)
Table 31. U.S. Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 32. U.S. Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 33. U.S. Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 34. U.S. Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 35. U.S. Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 36. Canada Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 37. Canada Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 38. Canada Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 39. Canada Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 40. Canada Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 41. Mexico Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 42. Mexico Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 43. Mexico Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 44. Mexico Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 45. Mexico Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 46. Europe Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 47. Europe Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 48. Europe Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 49. Europe Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 50. Europe Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 51. Europe Automotive Suspension Market, by Country, 2022-2032 ($ Million)
Table 52. UK Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 53. UK Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 54. UK Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 55. UK Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 56. UK Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 57. Germany Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 58. Germany Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 59. Germany Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 60. Germany Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 61. Germany Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 62. France Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 63. France Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 64. France Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 65. France Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 66. France Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 67. Italy Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 68. Italy Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 69. Italy Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 70. Italy Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 71. Italy Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 72. Rest of Europe Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 73. Rest of Europe Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 74. Rest of Europe Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 75. Rest of Europe Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 76. Rest of Europe Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 77. Asia-Pacific Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 78. Asia-Pacific Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 79. Asia-Pacific Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 80. Asia-Pacific Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 81. Asia-Pacific Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 82. Asia-Pacific Automotive Suspension Market, by Country, 2022-2032 ($ Million)
Table 83. China Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 84. China Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 85. China Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 86. China Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 87. China Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 88. Japan Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 89. Japan Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 90. Japan Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 91. Japan Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 92. Japan Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 93. India Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 94. India Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 95. India Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 96. India Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 97. India Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 98. South Korea Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 99. South Korea Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 100. South Korea Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 101. South Korea Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 102. South Korea Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 103. Rest of Asia-Pacific Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 104. Rest of Asia-Pacific Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 105. Rest of Asia-Pacific Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 106. Rest of Asia-Pacific Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 107. Rest of Asia-Pacific Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 108. LAMEA Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 109. LAMEA Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 110. LAMEA Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 111. LAMEA Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 112. LAMEA Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 113. LAMEA Automotive Suspension Market, by Country, 2022-2032 ($ Million)
Table 114. Latin America Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 115. Latin America Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 116. Latin America Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 117. Latin America Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 118. Latin America Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 119. Middle East Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 120. Middle East Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 121. Middle East Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 122. Middle East Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 123. Middle East Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 124. Africa Automotive Suspension Market, by Component, 2022-2032 ($ Million)
Table 125. Africa Automotive Suspension Market, by Vehicle Type, 2022-2032 ($ Million)
Table 126. Africa Automotive Suspension Market, by Geometry, 2022-2032 ($ Million)
Table 127. Africa Automotive Suspension Market, by Suspension Type, 2022-2032 ($ Million)
Table 128. Africa Automotive Suspension Market, by System, 2022-2032 ($ Million)
Table 129. Continental Ag: Key Executives
Table 130. Continental Ag: Company Snapshot
Table 131. Continental Ag: Product Segments
Table 132. Continental Ag: Product Portfolio
Table 133. Continental Ag: Key Stratergies
Table 134. Fox Factory, Inc.: Key Executives
Table 135. Fox Factory, Inc.: Company Snapshot
Table 136. Fox Factory, Inc.: Product Segments
Table 137. Fox Factory, Inc.: Product Portfolio
Table 138. Gabriel India Ltd (Anand Group): Key Executives
Table 139. Gabriel India Ltd (Anand Group): Company Snapshot
Table 140. Gabriel India Ltd (Anand Group): Product Segments
Table 141. Gabriel India Ltd (Anand Group): Product Portfolio
Table 142. Gabriel India Ltd (Anand Group): Key Stratergies
Table 143. Hendrickson Usa LLC: Key Executives
Table 144. Hendrickson Usa LLC: Company Snapshot
Table 145. Hendrickson Usa LLC: Product Segments
Table 146. Hendrickson Usa LLC: Product Portfolio
Table 147. Hendrickson Usa LLC: Key Stratergies
Table 148. Kyb Corporation: Key Executives
Table 149. Kyb Corporation: Company Snapshot
Table 150. Kyb Corporation: Product Segments
Table 151. Kyb Corporation: Product Portfolio
Table 152. Kyb Corporation: Key Stratergies
Table 153. Hl Mando Corp.: Key Executives
Table 154. Hl Mando Corp.: Company Snapshot
Table 155. Hl Mando Corp.: Product Segments
Table 156. Hl Mando Corp.: Product Portfolio
Table 157. Hl Mando Corp.: Key Stratergies
Table 158. Sogefi Spa: Key Executives
Table 159. Sogefi Spa: Company Snapshot
Table 160. Sogefi Spa: Product Segments
Table 161. Sogefi Spa: Product Portfolio
Table 162. Tenneco Inc.: Key Executives
Table 163. Tenneco Inc.: Company Snapshot
Table 164. Tenneco Inc.: Product Segments
Table 165. Tenneco Inc.: Product Portfolio
Table 166. Tenneco Inc.: Key Stratergies
Table 167. Wabco Holdings Inc.: Key Executives
Table 168. Wabco Holdings Inc.: Company Snapshot
Table 169. Wabco Holdings Inc.: Product Segments
Table 170. Wabco Holdings Inc.: Product Portfolio
Table 171. Thyssenkrupp Ag: Key Executives
Table 172. Thyssenkrupp Ag: Company Snapshot
Table 173. Thyssenkrupp Ag: Product Segments
Table 174. Thyssenkrupp Ag: Product Portfolio
List of Figures
Figure 01. Automotive Suspension Market, 2022-2032
Figure 02. Segmentation of Automotive Suspension Market, 2022-2032
Figure 03. Top Impacting Factors in Automotive Suspension Market (2022 to 2032)
Figure 04. Top Investment Pockets in Automotive Suspension Market (2023-2032)
Figure 05. Low Bargaining Power of Suppliers
Figure 06. Low Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Low Intensity of Rivalry
Figure 09. Low Bargaining Power of Buyers
Figure 10. Global Automotive Suspension Market: Drivers, Restraints and Opportunities
Figure 11. Automotive Suspension Market, by Component, 2022 and 2032 (%)
Figure 12. Comparative Share Analysis of Automotive Suspension Market for Spring, by Country 2022 and 2032 (%)
Figure 13. Comparative Share Analysis of Automotive Suspension Market for Shock Dampener, by Country 2022 and 2032 (%)
Figure 14. Comparative Share Analysis of Automotive Suspension Market for Struts, by Country 2022 and 2032 (%)
Figure 15. Comparative Share Analysis of Automotive Suspension Market for Control Arms, by Country 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Automotive Suspension Market for Ball Joint, by Country 2022 and 2032 (%)
Figure 17. Comparative Share Analysis of Automotive Suspension Market for Air Compressor, by Country 2022 and 2032 (%)
Figure 18. Comparative Share Analysis of Automotive Suspension Market for Leaf Spring, by Country 2022 and 2032 (%)
Figure 19. Automotive Suspension Market, by Vehicle Type, 2022 and 2032 (%)
Figure 20. Comparative Share Analysis of Automotive Suspension Market for Two-Wheeler, by Country 2022 and 2032 (%)
Figure 21. Comparative Share Analysis of Automotive Suspension Market for Passenger Cars, by Country 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Automotive Suspension Market for Commercial Vehicle, by Country 2022 and 2032 (%)
Figure 23. Automotive Suspension Market, by Geometry, 2022 and 2032 (%)
Figure 24. Comparative Share Analysis of Automotive Suspension Market for Dependent Geometry, by Country 2022 and 2032 (%)
Figure 25. Comparative Share Analysis of Automotive Suspension Market for Semi Independent, by Country 2022 and 2032 (%)
Figure 26. Comparative Share Analysis of Automotive Suspension Market for Independent Geometry, by Country 2022 and 2032 (%)
Figure 27. Automotive Suspension Market, by Suspension Type, 2022 and 2032 (%)
Figure 28. Comparative Share Analysis of Automotive Suspension Market for Hydraulic Suspension, by Country 2022 and 2032 (%)
Figure 29. Comparative Share Analysis of Automotive Suspension Market for Air Suspension, by Country 2022 and 2032 (%)
Figure 30. Comparative Share Analysis of Automotive Suspension Market for Leaf Spring Suspension, by Country 2022 and 2032 (%)
Figure 31. Automotive Suspension Market, by System, 2022 and 2032 (%)
Figure 32. Comparative Share Analysis of Automotive Suspension Market for Passive System, by Country 2022 and 2032 (%)
Figure 33. Comparative Share Analysis of Automotive Suspension Market for Semi Active/Active System, by Country 2022 and 2032 (%)
Figure 34. Automotive Suspension Market by Region, 2022 and 2032 (%)
Figure 35. U.S. Automotive Suspension Market, 2022-2032 ($ Million)
Figure 36. Canada Automotive Suspension Market, 2022-2032 ($ Million)
Figure 37. Mexico Automotive Suspension Market, 2022-2032 ($ Million)
Figure 38. UK Automotive Suspension Market, 2022-2032 ($ Million)
Figure 39. Germany Automotive Suspension Market, 2022-2032 ($ Million)
Figure 40. France Automotive Suspension Market, 2022-2032 ($ Million)
Figure 41. Italy Automotive Suspension Market, 2022-2032 ($ Million)
Figure 42. Rest of Europe Automotive Suspension Market, 2022-2032 ($ Million)
Figure 43. China Automotive Suspension Market, 2022-2032 ($ Million)
Figure 44. Japan Automotive Suspension Market, 2022-2032 ($ Million)
Figure 45. India Automotive Suspension Market, 2022-2032 ($ Million)
Figure 46. South Korea Automotive Suspension Market, 2022-2032 ($ Million)
Figure 47. Rest of Asia-Pacific Automotive Suspension Market, 2022-2032 ($ Million)
Figure 48. Latin America Automotive Suspension Market, 2022-2032 ($ Million)
Figure 49. Middle East Automotive Suspension Market, 2022-2032 ($ Million)
Figure 50. Africa Automotive Suspension Market, 2022-2032 ($ Million)
Figure 51. Product Mapping of Top 10 Players
Figure 52. Competitive Dashboard
Figure 53. Competitive Heatmap: Automotive Suspension Market
Figure 54. Top Player Positioning, 2022
Figure 55. Continental Ag: Net Sales, 2020-2022 ($ Million)
Figure 56. Continental Ag: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 57. Continental Ag: Revenue Share by Segment, 2022 (%)
Figure 58. Continental Ag: Revenue Share by Region, 2022 (%)
Figure 59. Fox Factory, Inc.: Net Sales, 2020-2022 ($ Million)
Figure 60. Fox Factory, Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 61. Fox Factory, Inc.: Revenue Share by Segment, 2022 (%)
Figure 62. Fox Factory, Inc.: Revenue Share by Region, 2022 (%)
Figure 63. Gabriel India Ltd (Anand Group): Research & Development Expenditure, 2020-2022 ($ Million)
Figure 64. Gabriel India Ltd (Anand Group): Net Sales, 2020-2022 ($ Million)
Figure 65. Gabriel India Ltd (Anand Group): Revenue Share by Segment, 2022 (%)
Figure 66. Gabriel India Ltd (Anand Group): Revenue Share by Region, 2022 (%)
Figure 67. Kyb Corporation: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 68. Kyb Corporation: Net Sales, 2020-2022 ($ Million)
Figure 69. Kyb Corporation: Revenue Share by Segment, 2022 (%)
Figure 70. Kyb Corporation: Revenue Share by Region, 2022 (%)
Figure 71. Hl Mando Corp.: Net Revenue, 2020-2022 ($ Million)
Figure 72. Hl Mando Corp.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 73. Hl Mando Corp.: Revenue Share by Region, 2022 (%)
Figure 74. Hl Mando Corp.: Revenue Share by Segment, 2022 (%)
Figure 75. Sogefi Spa: Net Sales, 2020-2022 ($ Million)
Figure 76. Sogefi Spa: Revenue Share by Region, 2022 (%)
Figure 77. Sogefi Spa: Revenue Share by Segment, 2022 (%)
Figure 78. Wabco Holdings Inc.: Net Sales, 2020-2022 ($ Million)
Figure 79. Wabco Holdings Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 80. Wabco Holdings Inc.: Revenue Share by Segment, 2022 (%)
Figure 81. Wabco Holdings Inc.: Revenue Share by Region, 2022 (%)
Figure 82. Thyssenkrupp Ag: Net Sales, 2020-2022 ($ Million)
Figure 83. Thyssenkrupp Ag: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 84. Thyssenkrupp Ag: Revenue Share by Segment, 2022 (%)
Figure 85. Thyssenkrupp Ag: Revenue Share by Region, 2022 (%)

Executive Summary

According to the report, the automotive suspension market was valued at $61.6 billion in 2022, and is estimated to reach $96.6 billion by 2032, growing at a CAGR of 4.7% from 2023 to 2032 due to the increase in demand for luxury & comfort in vehicles.

Automotive suspension is used to assist vehicles for safe and comfortable driving and easy maneuverability on roads. Automotive suspension plays a vital role in improving the dynamics of a vehicle by increasing its road-holding capability. Moreover, as safety standards and regulations continue to evolve, suspensions play a pivotal role in enhancing vehicle stability and reducing the risk of accidents. Thus, automakers are continuously investing in research and development to incorporate advanced safety features within suspension systems, making them a fundamental aspect of vehicle safety.

In addition, the use of lightweight materials, such as aluminum and composite materials, in suspension components has gained traction to enhance fuel efficiency and reduce emissions, aligning with the industry's focus on sustainability. Additionally, advancements in automation and digitalization have streamlined production processes, enabling manufacturers to produce suspension components with higher precision and consistency.

Rapid development of the passenger car market is expected to fuel the growth of the global automotive suspension market in the near future. Developing countries such as India and China hold tremendous potential in the automotive suspension market. This is attributed to the fact that government agencies have mandated the use of air suspension in heavy commercial vehicles, which significantly contributes toward the growth of the global market. Furthermore, various companies have expanded their penetration in the Asia-Pacific region for the development of advanced automotive suspension systems.

Furthermore, the rising popularity of autonomous vehicles has led to a demand for advanced suspension systems capable of delivering a superior ride experience. Autonomous vehicles place a premium on passenger comfort, as occupants become more focused on in-car activities rather than driving. As a result, the development of adaptive and precision-controlled suspension technology is becoming paramount, offering opportunities for suppliers to provide cutting-edge solutions to automakers. Moreover, the increasing consumer demand for enhanced safety features, connectivity, and comfort in vehicles provides ample room for the expansion of the suspension market. This includes the integration of electronic systems, adaptive damping, and air suspension to improve ride quality, vehicle stability, and passenger safety, creating opportunities for suppliers to develop and provide advanced solutions.

Automotive suspension possesses high potential to change the global safety scenario in terms of comfort while driving and increasing the safety of vehicles, thus making it reliable for vehicles. Automotive suspension systems are being increasingly deployed in passenger cars and commercial vehicles, due to implementation of stringent vehicle safety norms and standards by various transport authorities globally. U.S. and European Union have issued various standards related to the safety of the vehicle along with increasing the comfort level of the passenger, and automobile manufacturers are advised to make their vehicles in complaint with these safety standards.

The passenger vehicles industry segment is expected to maintain its dominance, due to increase in sales of vehicles and the advent of new technologies. Moreover, the sale of advanced suspension systems in the two-wheeler industry has increased in recent years, owing to stringent safety laws ensuring the safety of the passenger and vehicle, need for lightweight components to be installed in vehicles to reduce the overall weight of vehicle, and increase in disposable income. Moreover, increase in demand for safe and lightweight suspension technologies in commercial vehicles have boosted the market growth in developed economies of North America.

The global automotive suspension market is segmented into system, component, geometry, suspension type, vehicle type, and region. On the basis of system, the market is categorized into passive system and semi-active/active system. By component, it is classified into spring, shock dampener, struts, control arms, ball joint, air compressor, and leaf spring. Depending on geometry, it is segregated into dependent, semi-independent, and independent suspension. According to suspension type, it is fragmented into hydraulic, air, and electro-magnetic suspension. As per vehicle type, it is divided into two-wheelers, passenger cars, and commercial vehicles. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major companies profiled in the automotive suspension market include Continental AG, Fox Factory, Inc., Gabriel India Limited, Hendrickson USA, L.L.C., KYB Corporation, Mando Corporation, Sogefi S.p.A., Tenneco INC., Wabco Holding Inc., and Thyssenkrupp AG.

Key Market Insights

By component, the air compressor segment is anticipated to exhibit significant growth in the automotive suspension market in the near future.

By vehicle type, the two-wheeler segment is anticipated to exhibit significant growth in the automotive suspension market in the near future.

By geometry, the dependent geometry segment is anticipated to exhibit significant growth in the automotive suspension market in the near future.

By suspension type, the air suspension segment is anticipated to exhibit significant growth in the automotive suspension market in the near future.

By system, the semi-active/active system segment is anticipated to exhibit significant growth in the automotive suspension market in the near future.

By Region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Companies Mentioned

  • WABCO Holdings Inc.
  • HL Mando Corp.
  • Sogefi SpA
  • Hendrickson USA LLC
  • Tenneco Inc.
  • ThyssenKrupp AG
  • Continental AG
  • Gabriel India Ltd (ANAND Group)
  • KYB Corporation
  • FOX Factory, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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