Suspension system market

Increasing Demand for Comfort, Safety, & Ride Quality Features Inside
the Vehicle to Drive the Automotive Suspension Market
The report "Automotive Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multilink,
Twist Beam, Leaf Spring, Air Suspension), System Type, Actuation, Component OE & Aftermarket,
Vehicle (ICE, BEV, HEV, PHEV), and Region - Global Forecast to 2025", The automotive suspension market is
projected to grow at a CAGR of 3.88% from 2017 to 2025, and the market size is estimated to grow from USD
50.76 Billion in 2017 to USD 68.84 Billion by 2025.
Browse 139 market data Tables and 54 Figures spread through 198 Pages and in-depth TOC on "Automotive
Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multi-link, Twist Beam, Leaf
Spring, Air Suspension), System Type, Actuation, Component OE & Aftermarket, Vehicle (ICE, BEV, HEV,
PHEV), and Region - Global Forecast to 2025"
https://www.marketsandmarkets.com/Market-Reports/automobile-suspension-systems-market-939.html
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The market is anticipated to grow due to the growing vehicle production, concern towards safety & comfort,
and demand for better ride performance. Also, the semi-active/active systems, which are lighter in weight,
smaller in size, and high on performance, are projected to drive the demand for advanced automotive
suspension systems.
Passenger car is estimated to be the largest segment in automotive suspension market.
Passenger car segment is estimated to be the fastest growing segment of the automotive suspension market.
Factors such as growing consumer disposable income and increasing vehicle ownership with easy finance
options have led to the rise in passenger car sales. Owing to these reasons, passenger car segment is
witnessing tremendous growth in the Asia Oceania region, particularly in developing countries such as India
and China. The demand for automotive suspension in LCVs is also projected to increase owing to the
increasing production in the North American region as the people are prefer to travel off road with LCVs. The
demand for automotive suspension in HCVs is also projected to increase owing to the increasing production in
the North America and Europe region. European industry OEMs, led by Daimler, Volvo, and VW, continue to
dominate the heavy truck market with their scale of operations and technological edge, which is boosting the
trucking and transportation industry in these developed regions.
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Semi-Active/Active Suspension System is estimated to be the fastest growing segment of the automotive
suspension market
Owing to the increase in stringency of emissions and fuel efficiency regulations in the developed regions, the
entry of comparatively lightweight semi-active/active suspension systems is estimated to be higher in
developed regions such as North America and Europe. Europe and North America are projected to witness
growth for semi-active/active system rather than passive suspension as the manufacturers and customers in
these regions are open towards accepting new technology. Asia Oceania and RoW regions are expected
witness moderate growth of semi-active and active suspension system as the consumers in these regions
prefer compact & economic cars. High rate of technological adoption across the globe will be a driving factor
for the growth of these systems.
The global market has been segmented on the basis of architecture, system, active suspension actuation, ICE
vehicle, electric & hybrid vehicle, component, aftermarket component, and region. The air suspension is
estimated to be the fastest and largest in the automotive suspension market, by architecture, in terms of
value. The increasing demand for cabin comfort, better control, manoeuvrability, and stability of the vehicle
has led to the increasing demand for air suspension systems.
The active suspension system is the fastest growing market, by system, in terms of value. Majority of the
present-day vehicles are equipped with passive suspension systems as they are easy to install, repair, and are
economical than the semi-active and active systems. However, with the advancement in suspension
technology, active suspension will show better growth than the passive suspension as it enhances the comfort
and handling of vehicles. The hydraulically actuated is the largest market, by actuation, in terms of value. The
present-day vehicles have hydraulic actuation as it is efficient, robust, and affordable.
The air spring is the fastest growing market, by component, in terms of value. The demand for luxury vehicles
is increasing among customers. Hence, the demand for air springs is expected to increase. The shock absorber
is the largest aftermarket component in terms of value. Shock absorber is the essential component in all
vehicle types and is more prone to damage. Hence, these components need replacement after some time.
The passenger car is the largest and fastest growing market, by vehicle type, in terms of value. The demand for
automotive suspension in passenger cars is projected to grow owing to the increasing population and lack of
public transportation in the countries such as India and China. HEV is the largest market, by electric & hybrid
vehicle type, in terms of value. Owing to the increasingly stringent emission norms and growing pollution
levels, the adoption of electric & hybrid vehicles has increased across the globe.
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Asia Oceania is estimated to be the leading market for automotive suspension market.
Asia Oceania comprises countries such as China, Japan, India, and South Korea and they are witnessing huge
population growth. The region is the world’s largest producer of suspension systems. Key automotive
manufacturers have shifted their focus toward this region due to various benefits such as easy availability of
economical labour, lenient regulations for environment & safety, increased FDI for automotive industry in

countries like India, and growing demand for vehicles. The increasing concern about quality and safety is
propelling the manufacturers to develop advanced suspension systems. Hence, the region is anticipated to
have the largest share of the automotive suspension market.
The major players in the automotive suspension system market are ZF (Germany), Tenneco (US), KYB (Japan),
Continental (Germany), Magneti Marelli (Italy), Mando (South Korea), NHK Spring (Japan), ThyssenKrupp
(Germany), Sogefi (Italy), and Benteler (Austria). These companies collectively account for a major share of the
automotive suspension market.
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