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Automotive Suspension Market by System, Component, Geometry, Suspension Type, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019-2027

  • ID: 5031484
  • Report
  • March 2020
  • Region: Global
  • 344 pages
  • Allied Analytics LLP

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FEATURED COMPANIES

  • Continental AG
  • Fox Factory Inc.
  • Gabriel India Limited
  • Hendrickson USA
  • KYB Corporation
  • L.L.C.
  • MORE
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 an increase in demand for luxury & comfort boost the growth of the global automotive suspension market. In addition, increase in global safety regulations and a 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 the market in the coming years.

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 includeContinental 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 study presents analytical depiction of the global automotive suspension market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS

By System
  • Passive System
  • Semi-active/Active System
By Component
  • Spring
  • Shock Dampener
  • Struts
  • Control Arms
  • Ball Joint
  • Leaf Spring
  • Air Compressor
By Geometry
  • Dependent
  • Semi-independent
  • Independent
By Suspension Type
  • Hydraulic Suspension
  • Air Suspension
  • Leaf Spring
By Vehicle Type
  • Two-wheeler
  • Passenger Cars
  • Commercial Vehicle
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
KEY PLAYERS
  • Continental AG
  • Fox Factory, Inc.
  • Gabriel India Limited
  • Hendrickson USA, L.L.C.
  • KYB Corporation
  • Mando Corporation
  • Sogefi S.P.A.
  • Tenneco INC.
  • Wabco
  • ZF TRW
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Continental AG
  • Fox Factory Inc.
  • Gabriel India Limited
  • Hendrickson USA
  • KYB Corporation
  • L.L.C.
  • MORE
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Moderate-to-high bargaining power of suppliers
3.3.2. Low-to-moderate threat of new entrants
3.3.3. Low-to-high threat of substitutes
3.3.4. Moderate-to-high intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market share analysis, 2019 (%)
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Technological advancements
3.5.1.2. Rise in production of vehicles
3.5.1.3. Increase in demand for luxury and comfort in vehicles
3.5.2. Restraints
3.5.2.1. Improvement in global standards for vehicles
3.5.2.2. High maintenance cost of advanced suspension systems
3.5.3. Opportunities
3.5.3.1. Rise in demand for lightweight suspension system
3.5.3.2. Development of advanced suspension systems

CHAPTER 4: AUTOMOTIVE SUSPENSIONS MARKET, BY SYSTEM
4.1. Overview
4.2. Passive system
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. Semi-Active/Active system
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

CHAPTER 5: AUTOMOTIVE SUSPENSIONS MARKET, BY COMPONENTS
5.1. Overview
5.2. Spring
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Shock dampener
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4. Struts
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
5.5. Control arms
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country
5.6. Ball Joint
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country
5.7. Air compressor
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market analysis by country
5.8. Leaf spring
5.8.1. Key market trends, growth factors and opportunities
5.8.2. Market size and forecast, by region
5.8.3. Market analysis by country

CHAPTER 6: AUTOMOTIVE SUSPENSIONS MARKET, BY GEOMETRY
6.1. Overview
6.2. Dependent geometry
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country
6.3. Semi-independent
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country
6.4. Independent geometry
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis by country

CHAPTER 7: AUTOMOTIVE SUSPENSIONS MARKET, BY SUSPENSION TYPE
7.1. Overview
7.2. Hydraulic Suspension
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis by country
7.3. Air Suspension
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis by country
7.4. Leaf Spring Suspension
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market analysis by country

CHAPTER 8: AUTOMOTIVE SUSPENSIONS MARKET, BY VEHICLE TYPE
8.1. Overview
8.2. Two-Wheeler
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by region
8.2.3. Market analysis by country
8.3. Passenger car
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by region
8.3.3. Market analysis by country
8.4. Commercial vehicle
8.4.1. Key market trends, growth factors and opportunities
8.4.2. Market size and forecast, by region
8.4.3. Market analysis by country

CHAPTER 9: AUTOMOTIVE SUSPENSIONS MARKET, BY REGION
9.1. Overview
9.2. North America
9.2.1. Key market trends, growth factors, and opportunities
9.2.2. Market size and forecast, by system
9.2.3. Market size and forecast, by components
9.2.4. Market size and forecast, by geometry
9.2.5. Market size and forecast, by suspension type
9.2.6. Market size and forecast, by vehicle type
9.2.7. Market analysis by country
9.2.7.1. U. S.
9.2.7.1.1. Market size and forecast, by system
9.2.7.1.2. Market size and forecast, by component
9.2.7.1.3. Market size and forecast, by geometry
9.2.7.1.4. Market size and forecast, by suspension type
9.2.7.1.5. Market size and forecast, by vehicle type
9.2.7.2. Canada
9.2.7.2.1. Market size and forecast, by system
9.2.7.2.2. Market size and forecast, by component
9.2.7.2.3. Market size and forecast, by geometry
9.2.7.2.4. Market size and forecast, by suspension type
9.2.7.2.5. Market size and forecast, by vehicle type
9.2.7.3. Mexico
9.2.7.3.1. Market size and forecast, by system
9.2.7.3.2. Market size and forecast, by component
9.2.7.3.3. Market size and forecast, by geometry
9.2.7.3.4. Market size and forecast, by suspension type
9.2.7.3.5. Market size and forecast, by vehicle type
9.3. Europe
9.3.1. Key market trends, growth factors, and opportunities
9.3.2. Market size and forecast, by system
9.3.3. Market size and forecast, by components
9.3.4. Market size and forecast, by geometry
9.3.5. Market size and forecast, by suspension type
9.3.6. Market size and forecast, by vehicle type
9.3.7. Market analysis by country
9.3.7.1. Germany
9.3.7.1.1. Market size and forecast, by system
9.3.7.1.2. Market size and forecast, by component
9.3.7.1.3. Market size and forecast, by geometry
9.3.7.1.4. Market size and forecast, by suspension type
9.3.7.1.5. Market size and forecast, by vehicle type
9.3.7.2. France
9.3.7.2.1. Market size and forecast, by system
9.3.7.2.2. Market size and forecast, by component
9.3.7.2.3. Market size and forecast, by geometry
9.3.7.2.4. Market size and forecast, by suspension type
9.3.7.2.5. Market size and forecast, by vehicle type
9.3.7.3. UK
9.3.7.3.1. Market size and forecast, by system
9.3.7.3.2. Market size and forecast, by component
9.3.7.3.3. Market size and forecast, by geometry
9.3.7.3.4. Market size and forecast, by suspension type
9.3.7.3.5. Market size and forecast, by vehicle type
9.3.7.4. Italy
9.3.7.4.1. Market size and forecast, by system
9.3.7.4.2. Market size and forecast, by component
9.3.7.4.3. Market size and forecast, by geometry
9.3.7.4.4. Market size and forecast, by suspension type
9.3.7.4.5. Market size and forecast, by vehicle type
9.3.7.5. Rest of Europe
9.3.7.5.1. Market size and forecast, by system
9.3.7.5.2. Market size and forecast, by component
9.3.7.5.3. Market size and forecast, by geometry
9.3.7.5.4. Market size and forecast, by suspension type
9.3.7.5.5. Market size and forecast, by vehicle type
9.4. Asia-Pacific
9.4.1. Key market trends, growth factors, and opportunities
9.4.2. Market size and forecast, by system
9.4.3. Market size and forecast, by components
9.4.4. Market size and forecast, by geometry
9.4.5. Market size and forecast, by suspension type
9.4.6. Market size and forecast, by vehicle type
9.4.7. Market analysis by country
9.4.7.1. China
9.4.7.1.1. Market size and forecast, by system
9.4.7.1.2. Market size and forecast, by component
9.4.7.1.3. Market size and forecast, by geometry
9.4.7.1.4. Market size and forecast, by suspension type
9.4.7.1.5. Market size and forecast, by vehicle type
9.4.7.2. Japan
9.4.7.2.1. Market size and forecast, by system
9.4.7.2.2. Market size and forecast, by component
9.4.7.2.3. Market size and forecast, by geometry
9.4.7.2.4. Market size and forecast, by suspension type
9.4.7.2.5. Market size and forecast, by vehicle type
9.4.7.3. India
9.4.7.3.1. Market size and forecast, by system
9.4.7.3.2. Market size and forecast, by component
9.4.7.3.3. Market size and forecast, by geometry
9.4.7.3.4. Market size and forecast, by suspension type
9.4.7.3.5. Market size and forecast, by vehicle type
9.4.7.4. South Korea
9.4.7.4.1. Market size and forecast, by system
9.4.7.4.2. Market size and forecast, by component
9.4.7.4.3. Market size and forecast, by geometry
9.4.7.4.4. Market size and forecast, by suspension type
9.4.7.4.5. Market size and forecast, by vehicle type
9.4.7.5. Rest of Asia-Pacific
9.4.7.5.1. Market size and forecast, by system
9.4.7.5.2. Market size and forecast, by component
9.4.7.5.3. Market size and forecast, by geometry
9.4.7.5.4. Market size and forecast, by suspension type
9.4.7.5.5. Market size and forecast, by vehicle type
9.5. LAMEA
9.5.1. Key market trends, growth factors, and opportunities
9.5.2. Market size and forecast, by system
9.5.3. Market size and forecast, by components
9.5.4. Market size and forecast, by geometry
9.5.5. Market size and forecast, by suspension type
9.5.6. Market size and forecast, by vehicle type
9.5.7. Market analysis by country
9.5.7.1. Latin America
9.5.7.1.1. Market size and forecast, by system
9.5.7.1.2. Market size and forecast, by component
9.5.7.1.3. Market size and forecast, by geometry
9.5.7.1.4. Market size and forecast, by suspension type
9.5.7.1.5. Market size and forecast, by vehicle type
9.5.7.2. Middle East
9.5.7.2.1. Market size and forecast, by system
9.5.7.2.2. Market size and forecast, by component
9.5.7.2.3. Market size and forecast, by geometry
9.5.7.2.4. Market size and forecast, by suspension type
9.5.7.2.5. Market size and forecast, by vehicle type
9.5.7.3. Africa
9.5.7.3.1. Market size and forecast, by system
9.5.7.3.2. Market size and forecast, by component
9.5.7.3.3. Market size and forecast, by geometry
9.5.7.3.4. Market size and forecast, by suspension type
9.5.7.3.5. Market size and forecast, by vehicle type

CHAPTER 10: COMPANY PROFILES
10.1. CONTINENTAL AG.
10.1.1. Company overview
10.1.2. Company snapshot
10.1.3. Operating business segments
10.1.4. Product portfolio
10.1.5. Business performance
10.1.6. Key strategic moves and developments
10.2. FOX Factory, Inc.
10.2.1. Company overview
10.2.2. Company snapshot
10.2.3. Operating business segments
10.2.4. Product portfolio
10.2.5. Business performance
10.2.6. Key strategic moves and developments
10.3. GABRIEL INDIA LIMITED
10.3.1. Company overview
10.3.2. Company snapshot
10.3.3. Operating business segments
10.3.4. Product portfolio
10.3.5. Business performance
10.4. HENDRICKSON USA, L. L. C.
10.4.1. Company overview
10.4.2. Company snapshot
10.4.3. Product portfolio
10.4.4. Key strategic moves and developments
10.5. KYB Corporation
10.5.1. Company overview
10.5.2. Company snapshot
10.5.3. Operating business segments
10.5.4. Product portfolio
10.5.5. Business performance
10.6. MANDO CORPORATION
10.6.1. Company overview
10.6.2. Company snapshot
10.6.3. Product portfolio
10.6.4. Business performance
10.7. Sogefi SpA
10.7.1. Company overview
10.7.2. Company snapshot
10.7.3. Operating business segments
10.7.4. Product portfolio
10.7.5. Business performance
10.8. Tenneco Inc.
10.8.1. Company overview
10.8.2. Company snapshot
10.8.3. Operating business segments
10.8.4. Product portfolio
10.8.5. Business performance
10.8.6. Key strategic moves and developments
10.9. WABCO
10.9.1. Company overview
10.9.2. Company snapshot
10.9.3. Operating business segments
10.9.4. Product portfolio
10.9.5. Business performance
10.9.6. Key strategic moves and developments
10.10. ZF TRW (subsidiary of ZF FRIEDRICHSHAFEN AG)
10.10.1. Company overview
10.10.2. Company snapshot
10.10.3. Operating business segments
10.10.4. Product portfolio
10.10.5. Business performance
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Continental AG
  • Fox Factory Inc.
  • Gabriel India Limited
  • Hendrickson USA
  • KYB Corporation
  • L.L.C.
  • MORE
According to the report titled, 'Automotive Suspension Market by System, Components, Geometry, Suspension Type, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2020-2027,' the global automotive suspension market was valued at $55.28 billion in 2019, and is projected to reach $73.36 billion by 2027, registering a CAGR of 3.5%.from 2020 to 2027.

Asia-Pacific dominates the market in terms of revenue, followed by Europe, North America and LAMEA. South Korea dominated the global automotive suspension market growth, whereas India is expected to grow at a significant rate in the automotive suspension market during the forecast period.

A suspension system is a mechanism that physically separates the car body from its wheels. It includes spring, dampener, and various links, in which the spring stores potential and kinetic energy while dampener dissipates the energy. The sale of electric, hybrid, and conventional vehicles has witnessed a global upsurge; thus, the market share of automotive suspension technologies is expected to increase. In addition, the adoption of air suspension and electromagnetic suspension has significantly increased in the automotive industry, which fuels the growth of the automotive suspension market. Furthermore, technological advancement of automotive suspension is expected to boost the market growth in untapped markets of different regions.

A quality ride provides comfort to passengers, minimizes damage to cargo, and reduces driver fatigue on long journeys. Suspension is responsible for quality of rides and control on car h andling, as cars with firm suspension could result in enhanced control of body movements and quicker reactions. Ambulances have a special need for enhanced suspension system to prevent further injury to the already ill passengers. Such factors have boosted the demand for higher driving comfort, which eventually impacted the growth of the global automotive suspension market.

Automotive suspensions are more effective and powerful as compared to the ordinary mechanical or spring-based suspension systems, owing to which they are exclusively incorporated in heavy vehicles. In addition, they witness increased demand for installation in vehicles, as they provide superior and effective suspension and an increase the comfort level of vehicles, which augments the growth of the automotive suspension market.

Suspensions used in automobiles are categorized into the passive system and the semi-active/active system. Among these, the passive system holds a major market share in the automotive suspension market, due to the factors such as they limit the motion of the body and wheel by limiting their relative velocities. By suspension type, the market is categorized into hydraulic suspension, air suspension, and leaf spring suspension. Among these, the air suspension segment is expected to witness lucrative growth during the forecast period, owing to its features such as reduced noise & vibration, improved fuel consumption as compared to other suspension systems, and high load carrying efficiency.

Factors such as technological advancements, rise in production of vehicles, and an increase in demand for luxury & comfort in vehicles are the factors which supplement the growth of the market. However, improvement in global st andards for vehicles and high maintenance cost of advanced suspension systems are anticipated to hamper the growth of the market. On the contrary, rise in demand for lightweight suspension system and development of advanced suspension systems are expected to provide remunerative opportunity for the growth of the market.

According to Abhay Singh, Lead Analyst, Automotive and Transportation, “Depending on component, the shock dampeners segment dominated the global automotive suspension market in 2019, in terms of revenue, while the struts segment is expected to lead the market throughout the forecast period. By geometry, the independent geometry-based suspension system garnered higher revenue in 2019 and is expected to witness a lucrative growth rate by 2027.Depending on vehicle type, the passenger vehicle segment witnessed significant growth in 2019. At present, Asia-Pacific is the highest revenue contributor, and is expected to garner the highest revenue in the during the forecast period, followed by North America, Europe, and LAMEA.”

KEY FINDINGS OF THE STUDY
  • Depending on system, the passive suspension system generated the highest revenue in 2019.
  • By component, the shock dampeners generated the highest revenue in 2019, while the air compressor is expected to see a lucrative growth during the forecast period.
  • On the basis of geometry, the independent geometry suspension system generated the highest revenue in 2019.
  • As per suspension system, the air suspension is projected to register a lucrative growth in 2027.
  • According to vehicle type, the passenger vehicle segment was the highest revenue contributor in 2019.
  • Region wise, Asia-Pacific contributed the highest market revenue in 2019, followed by North America, Europe, and LAMEA.
The key players analyzed in this report are Continental AG, Fox Factory, Inc., Gabriel India Limited, Hendrickson USA, L.L.C., KYB Corporation, M ando Corporation, Sogefi S.P.A., Tenneco INC., Wabco, and ZF TRW.
Note: Product cover images may vary from those shown
  • Continental AG
  • Fox Factory Inc.
  • Gabriel India Limited
  • Hendrickson USA
  • L.L.C.
  • KYB Corporation
  • Mando Corporation
  • Sogefi S.P.A.
  • Tenneco INC.
  • Wabco
  • ZF TRW
Note: Product cover images may vary from those shown

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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