Global Automotive Suspension Systems Market report from Global Insight Services is the single authoritative source of intelligence on Automotive Suspension Systems Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
An automotive suspension system is a group of components that work together to provide a vehicle with a smooth, comfortable ride. The system includes the springs, shock absorbers, and linkages that connect the wheels to the vehicle’s body.
The springs support the weight of the vehicle and absorb the impact of bumps in the road. The shock absorbers dampen the up-and-down motion of the springs, and the linkages connect the wheels to the body so that they can move up and down as the springs compress and expand.
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Key Trends
The automotive suspension system market is driven by the increasing demand for luxury and high-performance vehicles, and the need for better ride comfort and handling.
The market is further driven by the increasing demand for vehicles with advanced features, such as adaptive cruise control, lane departure warning, and night vision.
However, the high cost of suspension systems is restraining the growth of this market.
Key Drivers
There are a few key drivers of the automotive suspension systems market. Firstly, as vehicles have become more sophisticated, there is a need for more advanced suspension systems to provide a comfortable ride.
Secondly, as safety has become a more important consideration in vehicle design, suspension systems have been developed to help improve safety.
Thirdly, as fuel economy has become an important factor in vehicle design, suspension systems have been developed to help improve fuel economy.
Finally, as emissions regulations have become more stringent, suspension systems have been developed to help reduce emissions.
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Market Segmentation
The Automotive Suspension Systems Market is segmented by component, suspension type, vehicle type, and region. Depending on component, it is classified into spring, shock dampener, struts, control arms, and others. According to suspension type, it is fragmented into hydraulic, air, and electromagnetic suspension. As per vehicle type, it is classified into two-wheelers, passenger cars, and commercial vehicles. Region wise, the automotive suspension market is analyzed across North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the Automotive Suspension Systems Market are Continental AG, Fox Factory, Inc., Gabriel India Limited, Hendrickson USA, KYB Corporation, Mando Corporation, Sogefi S.P.A., Tenneco Inc., Wabco, and ZF TRW.
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