Your Catalyst to a Lucrative Business
Consumer perception of having a personal car is expected to fuel the market for automobiles which is
the only end use of suspension systems. Focus on a safe and smooth ride with minimal vibrations for
the driver as well as passengers are key reasons which have changed the scenario for automotive
suspension market.
Increasing focus on research and development by automotive suspension manufacturers is expected
to fuel the market over the forecast period. Companies are concentrating on developing advanced
suspension systems which will provide a luxury driving experience which will boost the market over the
forecast period.
Technological advancements in the automotive suspension industry are expected to fuel the market on
a global level. For instance, Tenneco Inc is involved in providing light weight suspensions for vehicles
which help in reducing emissions and increase aerodynamic properties of the vehicle. However,
stringent vehicle standards such as fuel efficiency and pollution norms are forcing the suspension
manufacturers to modify existing products or manufacture new products. Additionally, the high cost of
advanced suspension systems is expected to hamper the growth of the market.
Hexa Research has segmented the global automotive suspension market based on type:
Segmentation by type, 2014 - 2024 (USD Billion)
• Air
• Hydraulic
• Leaf
Segmentation by vehicle type, 2014 - 2024 (USD Billion)
• Passenger car
• Commercial vehicle
Segmentation by system, 2014 - 2024 (USD Billion)
• Semi active/active
• Passive
Segmentation by region, 2014 - 2024 (USD Billion)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• Japan
• India
• Central & South America
• Middle East & Africa
Key players analyzed
• ZF Friedrichshafen AG
• ThyssenKrupp AG
• KYB Corporation
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