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Advanced Suspension Control System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 141 Pages
  • May 2023
  • Region: Global
  • IMARC Group
  • ID: 5820895
Description Jump to:
The global advanced suspension control system market size reached US$ 14.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 24.7 Billion by 2028, exhibiting a growth rate (CAGR) of 8.73% during 2023-2028.

An advanced suspension control system refers to an automobile component that is designed to provide enhanced support to the vehicle body. It provides suspension to tires, through springs, shock absorbers and linkages, which connect the vehicle to the wheels and facilitates relative motion between the two. The system can decelerate the speed of the vehicle and minimize suspension deflection, which improves vehicle maneuverability by managing road-holding and ride quality. In comparison to the traditionally used suspension control systems, these advanced variants are more robust and can be used for compact and mid-size cars, along with light and heavy commercial vehicles.

Significant growth in the automotive industry and the increasing demand for lightweight and energy-efficient components, represent as the key factors creating a positive outlook for the market. Furthermore, the rising demand for semi-utility vehicles (SUVs) and luxurious sports cars is also augmenting the market growth. Advanced suspension control systems can adapt to the vehicle’s leveling and damping properties, which aid in improving the performance and overall safety and comfort for the driver. Additionally, various technological advancements, such as the development of suspension control systems with minimal tailpipe emissions, are acting as other growth-inducing factors. Product manufacturers are creating electronically controlled air suspension systems that are integrated with hydraulic and mechanical components for superior oil flow and control of spring and damping forces. Other factors, including improvements in the design and manufacturing techniques of suspension systems, along with extensive research and development (R&D) activities, are anticipated to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global advanced suspension control system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on system type, component, vehicle, vehicle type and sales channel.

Breakup by System Type:

  • Semi-Active Suspension System
  • Active Suspension System

Breakup by Component:

  • Springs
  • Shock Dampeners
  • Struts
  • Control Arms
  • Ball Joints
  • Others

Breakup by Vehicle:

  • Passenger Cars
  • Commercial Vehicles
  • Others

Breakup by Vehicle Type:

Conventional

  • Gasoline-Based
  • Diesel-Based
  • Hybrid
  • Electric

Breakup by Sales Channel:

  • OEMs
  • Aftermarket

Breakup by Region:

North America

  • United States
  • Canada

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others

Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being BWI Group, Continental AG, Hitachi Automotive Systems Ltd., Infineon Technologies AG, Lord Corporation, Marelli Europe S.P.A., Schaeffler AG, The Mando Corporation, ThyssenKrupp AG and ZF Friedrichshafen AG.

Key Questions Answered in This Report:

  • What was the size of the global advanced suspension control system market in 2022?
  • What is the expected growth rate of the global advanced suspension control system market during 2023-2028?
  • What has been the impact of COVID-19 on the global advanced suspension control system market?
  • What are the key factors driving the global advanced suspension control system market?
  • What is the breakup of the global advanced suspension control system market based on the system type?
  • What is the breakup of the global advanced suspension control system market based on the component?
  • What is the breakup of the global advanced suspension control system market based on the vehicle?
  • What is the breakup of the global advanced suspension control system market based on the vehicle type?
  • What is the breakup of the global advanced suspension control system market based on the sales channel?
  • What are the key regions in the global advanced suspension control system market?
  • Who are the key players/companies in the global advanced suspension control system market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Advanced Suspension Control System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by System Type
6.1 Semi-Active Suspension System
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Active Suspension System
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Component
7.1 Springs
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Shock Dampeners
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Struts
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Control Arms
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Ball Joints
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Vehicle
8.1 Passenger Cars
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial Vehicles
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Vehicle Type
9.1 Conventional
9.1.1 Market Trends
9.1.2 Major Types
9.1.2.1 Gasoline-Based
9.1.2.2 Diesel-Based
9.1.3 Market Forecast
9.2 Electric
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Hybrid
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Sales Channel
10.1 OEMs
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Aftermarket
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 BWI Group
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Continental AG
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Hitachi Automotive Systems Ltd.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Infineon Technologies AG
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Lord Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 MARELLI EUROPE S.P.A.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Schaeffler AG
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 The Mando Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 ThyssenKrupp AG
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 ZF Friedrichshafen AG
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Advanced Suspension Control System Market: Major Drivers and Challenges
Figure 2: Global: Advanced Suspension Control System Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Advanced Suspension Control System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Advanced Suspension Control System Market: Breakup by System Type (in %), 2022
Figure 5: Global: Advanced Suspension Control System Market: Breakup by Component (in %), 2022
Figure 6: Global: Advanced Suspension Control System Market: Breakup by Vehicle (in %), 2022
Figure 7: Global: Advanced Suspension Control System Market: Breakup by Vehicle Type (in %), 2022
Figure 8: Global: Advanced Suspension Control System Market: Breakup by Sales Channel (in %), 2022
Figure 9: Global: Advanced Suspension Control System Market: Breakup by Region (in %), 2022
Figure 10: Global: Advanced Suspension Control System (Semi-Active Suspension System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Advanced Suspension Control System (Semi-Active Suspension System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Advanced Suspension Control System (Active Suspension System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Advanced Suspension Control System (Active Suspension System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Advanced Suspension Control System (Springs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Advanced Suspension Control System (Springs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Advanced Suspension Control System (Shock Dampeners) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Advanced Suspension Control System (Shock Dampeners) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Advanced Suspension Control System (Struts) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Advanced Suspension Control System (Struts) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Advanced Suspension Control System (Control Arms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Advanced Suspension Control System (Control Arms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Advanced Suspension Control System (Ball Joints) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Advanced Suspension Control System (Ball Joints) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Advanced Suspension Control System (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Advanced Suspension Control System (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Advanced Suspension Control System (Passenger Cars) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Advanced Suspension Control System (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Advanced Suspension Control System (Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Advanced Suspension Control System (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Advanced Suspension Control System (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Advanced Suspension Control System (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Advanced Suspension Control System (Conventional Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Advanced Suspension Control System (Conventional Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Advanced Suspension Control System (Electric Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Advanced Suspension Control System (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Advanced Suspension Control System (Hybrid Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Advanced Suspension Control System (Hybrid Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Advanced Suspension Control System (OEMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Advanced Suspension Control System (OEMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Advanced Suspension Control System (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Advanced Suspension Control System (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: North America: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: United States: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: United States: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Canada: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Canada: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Asia Pacific: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Asia Pacific: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: China: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: China: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Japan: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Japan: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: India: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: India: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: South Korea: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: South Korea: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Australia: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Australia: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Indonesia: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Indonesia: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Europe: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Europe: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Germany: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Germany: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: France: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: France: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: United Kingdom: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: United Kingdom: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Italy: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Italy: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Spain: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Spain: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Russia: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Russia: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Latin America: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Latin America: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Brazil: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Brazil: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Mexico: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Mexico: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Others: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Others: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Middle East and Africa: Advanced Suspension Control System Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Middle East and Africa: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Global: Advanced Suspension Control System Industry: SWOT Analysis
Figure 91: Global: Advanced Suspension Control System Industry: Value Chain Analysis
Figure 92: Global: Advanced Suspension Control System Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Advanced Suspension Control System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Advanced Suspension Control System Market Forecast: Breakup by System Type (in Million US$), 2023-2028
Table 3: Global: Advanced Suspension Control System Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: Global: Advanced Suspension Control System Market Forecast: Breakup by Vehicle (in Million US$), 2023-2028
Table 5: Global: Advanced Suspension Control System Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 6: Global: Advanced Suspension Control System Market Forecast: Breakup by Sales Channel (in Million US$), 2023-2028
Table 7: Global: Advanced Suspension Control System Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Advanced Suspension Control System Market: Competitive Structure
Table 9: Global: Advanced Suspension Control System Market: Key Players

Companies Mentioned

  • BWI Group
  • Continental AG
  • Hitachi Automotive Systems Ltd.
  • Infineon Technologies AG
  • Lord Corporation
  • Marelli Europe S.P.A.
  • Schaeffler AG
  • The Mando Corporation
  • ThyssenKrupp AG and ZF Friedrichshafen AG

Methodology

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Table Information

Report AttributeDetails
No. of Pages141
PublishedMay 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 14.8 Billion
Forecasted Market Value ( USD ) by 2028 $ 24.7 Billion
Compound Annual Growth Rate8.9%
Regions CoveredGlobal
No. of Companies Mentioned9

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About the Advanced Suspension System Market

The Advanced Suspension System market is a subset of the Suspension Systems and Components market. It is composed of suspension systems that are designed to provide superior performance and comfort compared to traditional suspension systems. Advanced Suspension Systems are typically more expensive than traditional suspension systems, but they offer improved handling, stability, and ride quality. They are often used in high-performance vehicles, such as sports cars and luxury vehicles. Advanced Suspension Systems typically use a combination of components, such as shock absorbers, springs, and dampers, to provide a smoother ride and improved handling. They also often feature adjustable settings, allowing drivers to customize the suspension system to their preferences. Some of the companies in the Advanced Suspension System market include KW Suspensions, Bilstein, Eibach, and H&R. Show Less Read more

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