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Advanced Suspension Control System Market Report by System Type (Semi-Active Suspension System, Active Suspension System), Component (Springs, Shock Dampeners, Struts, Control Arms, Ball Joints, and Others), Vehicle (Passenger Cars, Commercial Vehicles, and Others), Vehicle Type (Conventional, Hybrid, Electric), Sales Channel (OEMs, Aftermarket), and Region 2024-2032

April 2024 | 135 pages | ID: A6BDDC006BFFEN
IMARC Group

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The global advanced suspension control system market size reached US$ 16.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.3 Billion by 2032, exhibiting a growth rate (CAGR) of 7.8% during 2024-2032.

An advanced suspension control system refers to an automobile component that is designed to provide enhanced support to the vehicle body. It provides suspension to tires, through springs, shock absorbers and linkages, which connect the vehicle to the wheels and facilitates relative motion between the two. The system can decelerate the speed of the vehicle and minimize suspension deflection, which improves vehicle maneuverability by managing road-holding and ride quality. In comparison to the traditionally used suspension control systems, these advanced variants are more robust and can be used for compact and mid-size cars, along with light and heavy commercial vehicles.

Significant growth in the automotive industry and the increasing demand for lightweight and energy-efficient components, represent as the key factors creating a positive outlook for the market. Furthermore, the rising demand for semi-utility vehicles (SUVs) and luxurious sports cars is also augmenting the market growth. Advanced suspension control systems can adapt to the vehicle’s leveling and damping properties, which aid in improving the performance and overall safety and comfort for the driver. Additionally, various technological advancements, such as the development of suspension control systems with minimal tailpipe emissions, are acting as other growth-inducing factors. Product manufacturers are creating electronically controlled air suspension systems that are integrated with hydraulic and mechanical components for superior oil flow and control of spring and damping forces. Other factors, including improvements in the design and manufacturing techniques of suspension systems, along with extensive research and development (R&D) activities, are anticipated to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global advanced suspension control system market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on system type, component, vehicle, vehicle type and sales channel.

Breakup by System Type:

Semi-Active Suspension System
Active Suspension System

Breakup by Component:

Springs
Shock Dampeners
Struts
Control Arms
Ball Joints
Others

Breakup by Vehicle:

Passenger Cars
Commercial Vehicles
Others

Breakup by Vehicle Type:

Conventional
Gasoline-Based
Diesel-Based
Hybrid
Electric

Breakup by Sales Channel:

OEMs
Aftermarket

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being BWI Group, Continental AG, Hitachi Automotive Systems Ltd., Infineon Technologies AG, Lord Corporation, Marelli Europe S.P.A., Schaeffler AG, The Mando Corporation, ThyssenKrupp AG and ZF Friedrichshafen AG.

Key Questions Answered in This Report

1. What was the size of the global advanced suspension control system market in 2023?
2. What is the expected growth rate of the global advanced suspension control system market during 2024-2032?
3. What has been the impact of COVID-19 on the global advanced suspension control system market?
4. What are the key factors driving the global advanced suspension control system market?
5. What is the breakup of the global advanced suspension control system market based on the system type?
6. What is the breakup of the global advanced suspension control system market based on the component?
7. What is the breakup of the global advanced suspension control system market based on the vehicle?
8. What is the breakup of the global advanced suspension control system market based on the vehicle type?
9. What is the breakup of the global advanced suspension control system market based on the sales channel?
10. What are the key regions in the global advanced suspension control system market?
11. Who are the key players/companies in the global advanced suspension control system market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL ADVANCED SUSPENSION CONTROL SYSTEM MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY SYSTEM TYPE

6.1 Semi-Active Suspension System
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Active Suspension System
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY COMPONENT

7.1 Springs
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Shock Dampeners
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Struts
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Control Arms
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Ball Joints
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Others
  7.6.1 Market Trends
  7.6.2 Market Forecast

8 MARKET BREAKUP BY VEHICLE

8.1 Passenger Cars
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Commercial Vehicles
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Others
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY VEHICLE TYPE

9.1 Conventional
  9.1.1 Market Trends
  9.1.2 Major Types
    9.1.2.1 Gasoline-Based
    9.1.2.2 Diesel-Based
  9.1.3 Market Forecast
9.2 Electric
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Hybrid
  9.3.1 Market Trends
  9.3.2 Market Forecast

10 MARKET BREAKUP BY SALES CHANNEL

10.1 OEMs
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Aftermarket
  10.2.1 Market Trends
  10.2.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 BWI Group
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 Continental AG
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Hitachi Automotive Systems Ltd.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Infineon Technologies AG
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 Lord Corporation
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 MARELLI EUROPE S.P.A.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 Schaeffler AG
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
  15.3.8 The Mando Corporation
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
  15.3.9 ThyssenKrupp AG
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 ZF Friedrichshafen AG
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Advanced Suspension Control System Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Advanced Suspension Control System Market Forecast: Breakup by System Type (in Million US$), 2024-2032
Table 3: Global: Advanced Suspension Control System Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 4: Global: Advanced Suspension Control System Market Forecast: Breakup by Vehicle (in Million US$), 2024-2032
Table 5: Global: Advanced Suspension Control System Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 6: Global: Advanced Suspension Control System Market Forecast: Breakup by Sales Channel (in Million US$), 2024-2032
Table 7: Global: Advanced Suspension Control System Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Advanced Suspension Control System Market: Competitive Structure
Table 9: Global: Advanced Suspension Control System Market: Key Players

LIST OF FIGURES

Figure 1: Global: Advanced Suspension Control System Market: Major Drivers and Challenges
Figure 2: Global: Advanced Suspension Control System Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Advanced Suspension Control System Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Advanced Suspension Control System Market: Breakup by System Type (in %), 2023
Figure 5: Global: Advanced Suspension Control System Market: Breakup by Component (in %), 2023
Figure 6: Global: Advanced Suspension Control System Market: Breakup by Vehicle (in %), 2023
Figure 7: Global: Advanced Suspension Control System Market: Breakup by Vehicle Type (in %), 2023
Figure 8: Global: Advanced Suspension Control System Market: Breakup by Sales Channel (in %), 2023
Figure 9: Global: Advanced Suspension Control System Market: Breakup by Region (in %), 2023
Figure 10: Global: Advanced Suspension Control System (Semi-Active Suspension System) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Advanced Suspension Control System (Semi-Active Suspension System) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Advanced Suspension Control System (Active Suspension System) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Advanced Suspension Control System (Active Suspension System) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Advanced Suspension Control System (Springs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Advanced Suspension Control System (Springs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Advanced Suspension Control System (Shock Dampeners) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Advanced Suspension Control System (Shock Dampeners) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Advanced Suspension Control System (Struts) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Advanced Suspension Control System (Struts) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Advanced Suspension Control System (Control Arms) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Advanced Suspension Control System (Control Arms) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Advanced Suspension Control System (Ball Joints) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Advanced Suspension Control System (Ball Joints) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Advanced Suspension Control System (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Advanced Suspension Control System (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Advanced Suspension Control System (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Advanced Suspension Control System (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Advanced Suspension Control System (Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Advanced Suspension Control System (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Advanced Suspension Control System (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Advanced Suspension Control System (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Advanced Suspension Control System (Conventional Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Advanced Suspension Control System (Conventional Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Advanced Suspension Control System (Electric Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Advanced Suspension Control System (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Advanced Suspension Control System (Hybrid Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Advanced Suspension Control System (Hybrid Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Advanced Suspension Control System (OEMs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Advanced Suspension Control System (OEMs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Advanced Suspension Control System (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Advanced Suspension Control System (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: North America: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: North America: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: United States: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: United States: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Canada: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Canada: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Asia Pacific: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Asia Pacific: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: China: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: China: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Japan: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Japan: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: India: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: India: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: South Korea: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: South Korea: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Australia: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Australia: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Indonesia: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Indonesia: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Europe: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Europe: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Germany: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Germany: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: France: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: France: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: United Kingdom: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: United Kingdom: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Italy: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Italy: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Spain: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Spain: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Russia: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Russia: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Others: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Others: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Latin America: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Latin America: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Brazil: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Brazil: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Mexico: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Mexico: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Others: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Others: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Middle East and Africa: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Middle East and Africa: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Global: Advanced Suspension Control System Industry: SWOT Analysis
Figure 91: Global: Advanced Suspension Control System Industry: Value Chain Analysis
Figure 92: Global: Advanced Suspension Control System Industry: Porter’s Five Forces Analysis


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