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Automotive Suspension Market By Architecture, System Type, Actuation, Component OE & Aftermarket, Vehicle And Region-Global Forecast To 2025

Automotive Suspension Market: Forecast until 2025

  • March 2018
  • 200 pages
  • ID: 3887590
In this report:
The hydraulically actuated active suspension market, by volume, is expected to be the largest, projected to grow at a CAGR of ##.##%, during the forecast period, from an estimated ##.## million units in 2017 to ##.## million units by 2025, at a CAGR of ##.##%, during the forecast period.
The Asia Oceania region constitutes the largest market for leaf springs as the production of heavy trucks in this region is projected to increase from ##,##.## thousand units in 2015 to ##,## thousand units by 2025, at a CAGR of ##.##% from 2017 to 2025.

Summary

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Increasing demand for comfort & luxury, rised fuel efficiency, decreased emission limits in upcoming regulations, and rise in vehicle production will together drive the automotive suspension market

The overall automotive suspension market is estimated to rise at a compound annual growth rate of ~3.9 percent, during the outlook period, from an estimated ~$50.8B in 2017 to ~$68.8B by 2025. With increasing vehicle production, the industry demand for suspension system is expected to grow during projection period. Alternatively, lack of standardization of independent suspension system and high cost of advanced suspension system are the top factors hindering the rise of the automotive suspension market.

Automotive suspension market for Air Suspension is expected to show the quickest increase in terms of value importance

The industry for air suspension systems is expected to grow at the quickest Compound annual growth rate during the estimate period from 2017 to 2025.The Elements such as growing production of trucks, customer demand for cabin comfort, better control, maneuverability, and stability of the vehicle have led to an growth in the sector demand for air suspension systems.

The market demand for luxury buses primarily drives the sector for air suspension. The air suspension system employed in buses ensures comfort for passengers and maintains the vehicle height at the desired level during the travel.

Passive suspension segment is projected to showcase the biggest share in automotive suspension system market

The passive system is forecasted to be the most important segment of the automotive suspension market, by system.The passive suspension system is equipped in all kind of architectures including MacPherson, double wishbone, twist beam, and leaf spring.

Majority of the present-day vehicles are equipped with this type of suspension systems as they are easy to install, repair, and economical than the semi-active and active systems.Therefrom, passive systems are contributing the most in all vehicle types, primarily LCVs and HCVs.

Asia Oceania area is the biggest market for passive suspension as most of the vehicles in this area have technologically less advanced suspension systems.

Asia Oceania to lead the aftermarket rise

Asia Oceania is forecasted to dominate the automotive suspension aftermarket during the outlook period.It is the most important as well as the quickest increasing market.

The Asia Oceania area comprises of emerging economies including China and India (IN) together with developed economies including Japan.Asia Oceania is the biggest producer of economical cars in the globe.

Asia Oceania area is forecast to show maximum usage of aftermarket components as the road infrastructure is not good, which can damage the suspension system components and growth the need for replacement. Nevertheless, with the improving quality, durability, and road infrastructure, the industry demand for aftermarket components will show stagnant increase in future

The report includes industry insights specified by different market experts. The break-up of the primaries is like:

• By Company category: Tier-1 - 45.0 percent, Tier-2 - 40.0 percent, and OEM - 15.0 percent

• By Description: D-suite - 60.0 percent, C-suite - 20 % Other- 20.0 percent

• By Area: North America (NA) - 35.0 percent, Europe (EU) - 26.0 percent, Asia Oceania - 25.0 percent, RoW - 14.0 percent

Note: Others includes sales managers, marketing managers, and product managers

The company tiers are based on the value chain; the revenue of the company has been not considered

Tier I are the manufacturers of suspension systems, because Tier II are the suppliers of components.

The main companies decribed in the market research are as ZF, Tenneco, KYB, Continental, Magneti Marelli, Mando, NHK Spring, ThyssenKrupp, Sogefi, and Benteler.

Segment Research

The suspension market is broken down by architecture (Macpherson strut, double wishbone, multilink suspension, twist beam/torsion beam suspension, leaf spring suspension, air suspension), system type (passive suspension, semi-active suspension, active suspension), actuation, component (coil spring, leaf spring, air spring, shock absorber, control arm, rubber bushing, link stabilizer/sway bar, ball joint, strut), automotive suspension aftermarket, by component aftermarket (shock absorber, strut, ball joint, leaf spring, control arm, coil spring), vehicle type, truck, bus), electric & hybrid vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, fuel cell electric vehicle, area (Asia Oceania (China (CN), India (IN), Japan (JP), South Korea (KR), Rest Of Asia Oceania), EU (Germany (DE), France (FR), United Kingdom, Spain (ES), Italy (IT), Rest Of Europe (EU)), North America continent (US, Mexico (MX), Canada (CA)), Rest Of The globe (Brazil (BR), Russian Federation, Others)

Why Purchasing This Study Can Help You:

This industry report offers business insights with reference to the following points:

• Market Size, by Architecture: The study affords detailed market sizing and forecast up to 10 years (2025), by architecture including Macpherson strut, Double Wishbone, Multilink Suspension, Twist Beam/Torsion Beam Suspension, Leaf Spring Suspension, and Air Suspension.

• Market Size, by Component Aftermarket: The analysis affords exhaustive market sizing and forecast up to 10 years (2025), by component aftermarket including coil spring, leaf spring, shock absorber, strut, ball joint, and control arm.

• Market Size, by active suspension actuation: The market research affords detailed market sizing and forecast up to 10 years (2025), by active actuation including hydraulically actuated and electronically actuated.

• Market Development: The industry report offers highlighted information about profitable emerging sectors. The study examines the industries for automotive suspension across localities.

• Product Development/Innovative products: The analysis contributes in-depth understanding into Research&development activities, up-on-coming technologies, and recent product launches in the automotive suspension market.

• industry diversification: The market research affords exhaustive information about untapped sectors, market investments, recent products, and recent evolutions in the automotive suspension market.

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