About Automotive Suspension
The springs and connected parts intermediate between the wheels and the frame, subframe or side rails of a unitized body. The suspension supports the weight of the upper part of a vehicle on its axles and wheels which allows the vehicle to travel over uneven surfaces with a minimum of up and down movement of the vehicle and allows the vehicle to corner with minimum roll or loss of traction between the tires and the road. In a suspension system for a vehicle with front engine and front wheel drive, the weight of the vehicle applies an initial compression to the coil springs. The suspension at the rear wheels is usually simpler as compare to the front wheels.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The vendors are majorly focusing on providing innovative & efficient solutions in order to remain competitive in the market. The recent industry crisis due to the COVID-19 pandemic has led to reduced sales in the automotive sector and disrupted supply chain across different regions. Analyst at AMA Research estimates that German Vendors will contribute the maximum growth to Global Automotive Suspension market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ZF (Germany), Tenneco (United States), KYB (Japan), Continental (Germany), Magneti Marelli (Italy), Mando (South Korea), NHK Spring (Japan), ThyssenKrupp (Germany), Sogefi (Italy), Multimatic (Canada), Hendrickson USA, L.L.C (United States) and KW Beteiligungsholding GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are BWI Group (China), Rassini (Brazil), WABCO (Belgium), Gabriel India Limited (India) and Benteler (Austria).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Suspension market by Type (Beam Axle, Dual‐Beam Suspension, Double Wishbone Suspension, Short/Long Arm Suspension and MacPherson Strut), Application (Passenger Car and Commercial Vehicles [LCV, MHCV]) and Region.
On the basis of geography, the market of Automotive Suspension has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Links will boost the Automotive Suspension market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Manufacturer will boost the Automotive Suspension market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Lightweight Material in Suspension System
Market Growth Drivers:
Growing Demand for Comfort, Safety and Ride Quality and Increasing Demand for Air Suspension in Heavy Commercial Vehicles
Challenges:
Counterfeit Suspension Products in Aftermarket
Restraints:
Lack of Standardization of Independent Suspension System and High Cost of Advanced Suspension System
Opportunities:
Demand for Regenerative Suspension System for Electric and Hybrid Vehicles
Market Leaders and their expansionary development strategies
On May 2, 2019 - CK Holdings Co., Ltd., a holding company of Calsonic Kansei Corporation has announces the completion of its previously announced acquisition of Magneti Marelli S.p.A. (Magneti Marelli) from Fiat Chrysler Automobiles N.V. The combined business will operate under the entity Magneti Marelli CK Holdings Co., Ltd.
In January 2021, KW Beteiligungsholding GmbH announced that it has completed the acquisition of Reiger Racing Suspension BV.
Stringent government regulations regarding the lockdown measures and temporary closure of OEMs and factories across different regions has impacted the market in FY 2020.
Key Target Audience
Manufacturers of Automotive Suspension, Suppliers of Automotive Suspension, Wholesalers, Distributors and Retailers of Automotive Suspension, Manufacturer of Automotive Suspension Components, Automobile Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.