New York, Automotive suspension is a system of components that connects a vehicle to its wheels and allows the vehicle to move over uneven surfaces. The suspension system absorbs the impact of the bumps and potholes on the road, and reduces the amount of vibration that is felt by the passengers. The suspension system also helps to keep the vehicle’s tires in contact with the road, which provides traction and helps to improve the vehicle’s handling.
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Key Players
The key players operating in the global automotive suspension market report include Continental 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 Trends
There are a few key trends in automotive suspension technology that are worth mentioning. Firstly, there has been a shift towards using more advanced materials in suspension components in order to improve performance and durability.
Another trend is the use of adaptive or adjustable suspension systems. These systems allow the suspension to be tuned to the specific needs of the driver, whether that be for comfort, handling, or even off-road performance.
Finally, there has been an increasing focus on safety in recent years, and this is reflected in the development of new suspension technologies.
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Key Drivers
There are a few key drivers of the automotive suspension market. Firstly, as vehicles have become more complex, there is a greater need for suspension systems that can provide a comfortable ride while also maintaining stability and control. Secondly, advances in technology have led to the development of more sophisticated suspension systems that can offer a wider range of features and benefits. Finally, the increasing popularity of SUVs and other off-road vehicles has created a demand for suspension systems that can provide a smoother ride on rough terrain.
Market Segmentation
The Automotive Suspension market is segmented by system type, components, suspension type and region. By system, the market is segmented into, passive system, semi active/active system. By components, the market is divided into spring, shock dampener, struts, control arms, ball joint, air compressor. By suspension type the market is classified into hydraulic suspension, air suspension, leaf spring suspension. By vehicle type, the market is bifurcated into two wheeler, commercial vehicles and passenger cars . Region-Wise the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
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