1. Market Research
  2. > Automotive Market Trends
Automotive Suspension Market by Architecture, System Type, Actuation, Component OE & Aftermarket, Vehicle And Region - Global Forecast to 2026

Automotive Suspension Market by Architecture, System Type, Actuation, Component OE & Aftermarket, Vehicle And Region - Global Forecast to 2026

  • May 2021
  • 292 pages
  • ID: 3887590
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

The global automotive suspension market is expected to grow from USD 42.9 billion in 2021 and is projected to reach USD 50.7 billion in 2026, at a CAGR of 3.4% during the forecast period. The major driving factors for the automotive suspension industry are increase in demand for vehicle comfort and safety and increasing adoption of air suspension systems in HCVs.

The outbreak of COVID-19 has severely impacted the overall supply chain of the automotive industry.The halt in production and logistics created due to the pandemic has affected raw material suppliers of the automotive industry.

The pandemic has affected the overall growth of the sector in 2020, as major automotive players such as Fiat, Volkswagen, PSA Group, General Motors, and BMW had to suspend their production due to COVID-19 during the initial second quarters of 2020.This scenario impacted the automotive suspension market, especially in European & North American countries, as the growth of this market is directly related to the production of vehicles.

However, the demand for suspension systems is expected to rise considering 2021 as the recovery period, where the automotive industry is expected to showcase growth, according to industry experts.

Air Suspension is estimated to be the fastest-growing market in architecture segment
The installation rate of air suspension has witnessed significant growth in buses in Asia Pacific.The air suspension system adopted in buses ensures comfort for passengers and maintains the vehicle height at the desired level during travel.

Governments in countries such as China and India are focusing on fuel efficiency and comfortable public transport, which is further expected to drive the market for air suspension in buses during the forecast period.

Passenger Car is expected to be the largest market of the automotive suspension market, by vehicle type
The passenger cars segment is estimated to be the largest growing market in terms of value and volume.The suspension system is one of the essential systems in any type of vehicle.

Hence, the growth of the suspension system is directly proportional to the production volume of passenger vehicles. The growing demand for comfort and safety features also has increased the installation of independent suspension systems in modern cars.

Asia Pacific is expected to be the largest market for automotive suspension
Asia Pacific is expected to be the largest market, by value.China, South Korea, and Japan are the leading vehicle-producing countries in the region with collectively producing ~88% of total vehicles in the region.

The growth of the automotive suspension market in China can be primarily attributed to higher vehicle production and foreign direct investments (FDIs) in the form of alliances and joint ventures between international OEMs and Chinese partners.The infrastructural improvements in Asia Pacific could drive the demand for commercial vehicles in the region.

Thus, Asia Pacific is expected to lead the automotive suspension market with more than 49.6% share in the global automotive suspension market.

The breakup of primary respondents
• By Company: Tier 2 – 45%, Tier 1 – 40%, Others -15%
• By Designation: C level executives - 25%, Directors/Vice-Presidents - 30%, Others – 45%
• By Region: Europe - 30%, Asia Oceania - 50%, North America - 20%

The automotive suspension industry is dominated by global players and comprises several regional players including ZF Friedrichshafen AG (Germany), Tenneco Inc. (US), Continental AG (Germany), thyssenkrupp AG (Germany), BENTELER (Austria), KYB Corporation (Japan), Marelli (Japan), Mando Corporation (South Korea), and NHK Spring (Japan). The study includes an in-depth competitive analysis of these key players in the automotive suspension market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies.

Research Coverage
The study segments the automotive suspension market and forecasts the market size based on size based on system (passive suspension, semi-active suspension, and active suspension), active suspension market, actuation (hydraulically actuated and electronically actuated), architecture (MacPherson strut, double wishbone, multilink, twist beam/torsion beam, leaf spring suspension, air suspension), OE market, component (coil spring, air spring, shock dampener, strut, control arm, ball joint, rubber bushing, leaf spring, and sway bar/link stabilizer), aftermarket, component (shock absorber, strut, ball joint, leaf spring, control arm, coil spring), vehicle type (passenger cars, light commercial vehicles, trucks, and buses), electric & hybrid passenger car suspension, architecture (leaf spring suspension, air suspension, double wishbone, MacPherson strut, multilink, twist beam/torsion beam), electric & hybrid trucks and buses suspension, vehicle type (trucks and buses), and Region (Asia Pacific, North America, Europe, and the Rest of the World).

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the automotive suspension market and the sub-segments.This will also help the key players to identify the highest potential region and design its product portfolio as per the market requirements.

A detailed study on PC, LCV and HCV automotive suspension is expected to help manufacturers to understand the potential market for them.This report also include various analysis like supply chain, average selling price analysis, patent analysis, revenue shift analysis, case study analysis, and porter’s analysis.

This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on