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Automotive Suspension - Global Market Outlook (2020-2028)

July 2021 | 150 pages | ID: A3CBAD0221D9EN
Stratistics Market Research Consulting

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According to Stratistics MRC, the Global Automotive Suspension Market is accounted for $57.21 billion in 2020 and is expected to reach $87.80 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Technological advancements, rise in production of vehicles, and increase in demand for luxury & comfort in vehicles are driving the market growth. However, high maintenance cost is restraining the growth of the market.

Automotive suspension system help in preventing damage to the vehicle components and automotive suspension is an important part of a vehicle which helps for comfort driving and enables safety. This suspension system offers isolation to the vehicle from high-frequency vibration from tire excitation. Automotive suspension helps in ensuring the vehicle responds positively to control forces produced by the tire at the time of breaking and acceleration force and provides good ride and handling performance.

Based on the vehicle type, the passenger cars segment is going to have lucrative growth during the forecast period as the suspension system is one of the essential systems in any type of vehicle. Therefore, the growth of the suspension system is directly equivalent to the production volume of passenger vehicles. In modern cars, the growing demand for comfort and safety features has increased the installation of independent suspension systems. Therefore, passenger cars held the largest growth in the automotive suspension market.

By geography, Asia Pacific is going to have high growth during the forecast period owing to presence of large number of vehicle and component manufacturers. The government organizations are supporting automotive industry by formulating supportive policies and regulatory frameworks. Countries such as China, India, and Japan opt for this cost-effective automotive suspension architecture, which is expected to drive the market during the forecast period.

Some of the key players profiled in the Automotive Suspension Market include Continental AG, Tenneco Inc, Gabriel India Limited, ThyssenKrupp AG, Hitachi, Mando Corporation, Fox Factory, Inc., KYB Corporation, Hendrickson, Rassini, Wabco and Magneti Marelli S.p.A.

Technologies Covered:
  • Advanced
  • Conventional
Architectures Covered:
  • Two-Wheeler Suspension
  • Four-Wheeler Suspension
Geometries Covered:
  • Independent
  • Semi-Independent
  • Dependent (Rigid)
Systems Covered:
  • Semi-Active Suspension System
  • Active Suspension System
  • Passive Suspension System
  • Adaptive System
Components Covered:
  • Spring
  • Rubber Bushing
  • Shock Dampener/Absorber
  • Suspension/Control Arms
  • Ball Joint
  • Leaf Spring
  • Air Compressor
  • Struts
  • Link Stabilizer/Sway Bar
Actuations Covered:
  • Electronically Actuated Active Suspension
  • Hydraulically Actuated Active Suspension
Damping Types Covered:
  • Air Suspension
  • Electromagnetic Suspension
  • Hydraulic / Pneumatic Suspension
Materials Covered:
  • Composites
  • Steel
Electric & Hybrid Vehicles Covered:
  • Internal Combustion Engine (ICE)
  • Fuel Cell Electric Vehicles (FCEV)
  • Hybrid Electric Vehicles (HEV)
  • Battery Electric Vehicles (BEVs)
  • Plug-In Hybrid Electric Vehicles (PHEV)
Vehicle Types Covered:
  • Buses
  • Passenger Cars
  • Commercial Vehicle
  • Trucks
  • Multi-Purpose Vehicles (MPVs)
  • Sport Utility Vehicles (SUVs) & Crossovers
  • Two-Wheelers
  • Pickups
Applications Covered:
  • Construction
  • Defense
  • Farm Tractors
  • Electric
  • Commercial
Distribution Channels Covered:
  • Original Equipment Manufacturer (OEM)
  • Aftermarket
Regions Covered:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
What our report offers:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:
  • Company Profiling
        • Comprehensive profiling of additional market players (up to 3)
        • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY TECHNOLOGY

5.1 Introduction
5.2 Advanced
5.3 Conventional

6 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE

6.1 Introduction
6.2 Two-Wheeler Suspension
  6.2.1 Rear Monoshock Suspension
  6.2.2 Front Telescopic Suspension
  6.2.3 Rear Dual Shock Suspension
  6.2.4 Other Front Suspension
6.3 Four-Wheeler Suspension
  6.3.1 Multi-Link
  6.3.2 Double Wishbone
  6.3.3 Rigid Axle
  6.3.4 Twist Beam/Torsion Beam
  6.3.5 MacPherson Strut

7 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY GEOMETRY

7.1 Introduction
7.2 Independent
7.3 Semi-Independent
7.4 Dependent (Rigid)

8 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY SYSTEM

8.1 Introduction
8.2 Semi-Active Suspension System
8.3 Active Suspension System
8.4 Passive Suspension System
8.5 Adaptive System

9 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY COMPONENT

9.1 Introduction
9.2 Spring
  9.2.1 Coil Spring
  9.2.2 Air Spring
9.3 Rubber Bushing
9.4 Shock Dampener/Absorber
9.5 Suspension/Control Arms
9.6 Ball Joint
9.7 Leaf Spring
9.8 Air Compressor
9.9 Struts
9.10 Link Stabilizer/Sway Bar

10 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY ACTUATION

10.1 Introduction
10.2 Electronically Actuated Active Suspension
10.3 Hydraulically Actuated Active Suspension

11 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY DAMPING TYPE

11.1 Introduction
11.2 Air Suspension
11.3 Electromagnetic Suspension
11.4 Hydraulic / Pneumatic Suspension

12 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY MATERIAL

12.1 Introduction
12.2 Composites
12.3 Steel

13 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY ELECTRIC & HYBRID VEHICLE

13.1 Introduction
13.2 Internal Combustion Engine (ICE)
13.3 Fuel Cell Electric Vehicles (FCEV)
13.4 Hybrid Electric Vehicles (HEV)
13.5 Battery Electric Vehicles (BEVs)
13.6 Plug-In Hybrid Electric Vehicles (PHEV)

14 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY VEHICLE TYPE

14.1 Introduction
14.2 Buses
14.3 Passenger Cars
  14.3.1 Large Car
  14.3.2 Compact Car
  14.3.3 Small Car
  14.3.4 Mid-Size Car
14.4 Commercial Vehicle
  14.4.1 Light Commercial Vehicles (LCVs)
  14.4.2 Heavy Commercial Vehicles (HCVs)
  14.4.3 Medium Duty Commercial Vehicle
14.5 Trucks
14.6 Multi-Purpose Vehicles (MPVs)
14.7 Sport Utility Vehicles (SUVs) & Crossovers
14.8 Two-Wheelers
14.9 Pickups

15 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY APPLICATION

15.1 Introduction
15.2 Construction
15.3 Defense
15.4 Farm Tractors
15.5 Electric
15.6 Commercial

16 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY DISTRIBUTION CHANNEL

16.1 Introduction
16.2 Original Equipment Manufacturer (OEM)
16.3 Aftermarket

17 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY GEOGRAPHY

17.1 Introduction
17.2 North America
  17.2.1 US
  17.2.2 Canada
  17.2.3 Mexico
17.3 Europe
  17.3.1 Germany
  17.3.2 UK
  17.3.3 Italy
  17.3.4 France
  17.3.5 Spain
  17.3.6 Rest of Europe
17.4 Asia Pacific
  17.4.1 Japan
  17.4.2 China
  17.4.3 India
  17.4.4 Australia
  17.4.5 New Zealand
  17.4.6 South Korea
  17.4.7 Rest of Asia Pacific
17.5 South America
  17.5.1 Argentina
  17.5.2 Brazil
  17.5.3 Chile
  17.5.4 Rest of South America
17.6 Middle East & Africa
  17.6.1 Saudi Arabia
  17.6.2 UAE
  17.6.3 Qatar
  17.6.4 South Africa
  17.6.5 Rest of Middle East & Africa

18 KEY DEVELOPMENTS

18.1 Agreements, Partnerships, Collaborations and Joint Ventures
18.2 Acquisitions & Mergers
18.3 New Product Launch
18.4 Expansions
18.5 Other Key Strategies

19 COMPANY PROFILING

19.1 Continental AG
19.2 Tenneco Inc
19.3 Gabriel India Limited
19.4 ThyssenKrupp AG
19.5 Hitachi
19.6 Mando Corporation
19.7 Fox Factory, Inc.
19.8 KYB Corporation
19.9 Hendrickson
19.10 Rassini
19.11 Wabco
19.12 Magneti Marelli S.p.A

LIST OF TABLES

Table 1 Global Automotive Suspension Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Automotive Suspension Market Outlook, By Technology (2019-2028) ($MN)
Table 3 Global Automotive Suspension Market Outlook, By Advanced (2019-2028) ($MN)
Table 4 Global Automotive Suspension Market Outlook, By Conventional (2019-2028) ($MN)
Table 5 Global Automotive Suspension Market Outlook, By Architecture (2019-2028) ($MN)
Table 6 Global Automotive Suspension Market Outlook, By Two-Wheeler Suspension (2019-2028) ($MN)
Table 7 Global Automotive Suspension Market Outlook, By Rear Monoshock Suspension (2019-2028) ($MN)
Table 8 Global Automotive Suspension Market Outlook, By Front Telescopic Suspension (2019-2028) ($MN)
Table 9 Global Automotive Suspension Market Outlook, By Rear Dual Shock Suspension (2019-2028) ($MN)
Table 10 Global Automotive Suspension Market Outlook, By Other Front Suspension (2019-2028) ($MN)
Table 11 Global Automotive Suspension Market Outlook, By Four-Wheeler Suspension (2019-2028) ($MN)
Table 12 Global Automotive Suspension Market Outlook, By Multi-Link (2019-2028) ($MN)
Table 13 Global Automotive Suspension Market Outlook, By Double Wishbone (2019-2028) ($MN)
Table 14 Global Automotive Suspension Market Outlook, By Rigid Axle (2019-2028) ($MN)
Table 15 Global Automotive Suspension Market Outlook, By Twist Beam/Torsion Beam (2019-2028) ($MN)
Table 16 Global Automotive Suspension Market Outlook, By MacPherson Strut (2019-2028) ($MN)
Table 17 Global Automotive Suspension Market Outlook, By Geometry (2019-2028) ($MN)
Table 18 Global Automotive Suspension Market Outlook, By Independent (2019-2028) ($MN)
Table 19 Global Automotive Suspension Market Outlook, By Semi-Independent (2019-2028) ($MN)
Table 20 Global Automotive Suspension Market Outlook, By Dependent (Rigid) (2019-2028) ($MN)
Table 21 Global Automotive Suspension Market Outlook, By System (2019-2028) ($MN)
Table 22 Global Automotive Suspension Market Outlook, By Semi-Active Suspension System (2019-2028) ($MN)
Table 23 Global Automotive Suspension Market Outlook, By Active Suspension System (2019-2028) ($MN)
Table 24 Global Automotive Suspension Market Outlook, By Passive Suspension System (2019-2028) ($MN)
Table 25 Global Automotive Suspension Market Outlook, By Adaptive System (2019-2028) ($MN)
Table 26 Global Automotive Suspension Market Outlook, By Component (2019-2028) ($MN)
Table 27 Global Automotive Suspension Market Outlook, By Spring (2019-2028) ($MN)
Table 28 Global Automotive Suspension Market Outlook, By Coil Spring (2019-2028) ($MN)
Table 29 Global Automotive Suspension Market Outlook, By Air Spring (2019-2028) ($MN)
Table 30 Global Automotive Suspension Market Outlook, By Rubber Bushing (2019-2028) ($MN)
Table 31 Global Automotive Suspension Market Outlook, By Shock Dampener/Absorber (2019-2028) ($MN)
Table 32 Global Automotive Suspension Market Outlook, By Suspension/Control Arms (2019-2028) ($MN)
Table 33 Global Automotive Suspension Market Outlook, By Ball Joint (2019-2028) ($MN)
Table 34 Global Automotive Suspension Market Outlook, By Leaf Spring (2019-2028) ($MN)
Table 35 Global Automotive Suspension Market Outlook, By Air Compressor (2019-2028) ($MN)
Table 36 Global Automotive Suspension Market Outlook, By Struts (2019-2028) ($MN)
Table 37 Global Automotive Suspension Market Outlook, By Link Stabilizer/Sway Bar (2019-2028) ($MN)
Table 38 Global Automotive Suspension Market Outlook, By Actuation (2019-2028) ($MN)
Table 39 Global Automotive Suspension Market Outlook, By Electronically Actuated Active Suspension (2019-2028) ($MN)
Table 40 Global Automotive Suspension Market Outlook, By Hydraulically Actuated Active Suspension (2019-2028) ($MN)
Table 41 Global Automotive Suspension Market Outlook, By Damping Type (2019-2028) ($MN)
Table 42 Global Automotive Suspension Market Outlook, By Air Suspension (2019-2028) ($MN)
Table 43 Global Automotive Suspension Market Outlook, By Electromagnetic Suspension (2019-2028) ($MN)
Table 44 Global Automotive Suspension Market Outlook, By Hydraulic / Pneumatic Suspension (2019-2028) ($MN)
Table 45 Global Automotive Suspension Market Outlook, By Material (2019-2028) ($MN)
Table 46 Global Automotive Suspension Market Outlook, By Composites (2019-2028) ($MN)
Table 47 Global Automotive Suspension Market Outlook, By Steel (2019-2028) ($MN)
Table 48 Global Automotive Suspension Market Outlook, By Electric & Hybrid Vehicle (2019-2028) ($MN)
Table 49 Global Automotive Suspension Market Outlook, By Internal Combustion Engine (ICE) (2019-2028) ($MN)
Table 50 Global Automotive Suspension Market Outlook, By Fuel Cell Electric Vehicles (FCEV) (2019-2028) ($MN)
Table 51 Global Automotive Suspension Market Outlook, By Hybrid Electric Vehicles (HEV) (2019-2028) ($MN)
Table 52 Global Automotive Suspension Market Outlook, By Battery Electric Vehicles (BEVs) (2019-2028) ($MN)
Table 53 Global Automotive Suspension Market Outlook, By Plug-In Hybrid Electric Vehicles (PHEV) (2019-2028) ($MN)
Table 54 Global Automotive Suspension Market Outlook, By Vehicle Type (2019-2028) ($MN)
Table 55 Global Automotive Suspension Market Outlook, By Buses (2019-2028) ($MN)
Table 56 Global Automotive Suspension Market Outlook, By Passenger Cars (2019-2028) ($MN)
Table 57 Global Automotive Suspension Market Outlook, By Large Car (2019-2028) ($MN)
Table 58 Global Automotive Suspension Market Outlook, By Compact Car (2019-2028) ($MN)
Table 59 Global Automotive Suspension Market Outlook, By Small Car (2019-2028) ($MN)
Table 60 Global Automotive Suspension Market Outlook, By Mid-Size Car (2019-2028) ($MN)
Table 61 Global Automotive Suspension Market Outlook, By Commercial Vehicle (2019-2028) ($MN)
Table 62 Global Automotive Suspension Market Outlook, By Light Commercial Vehicles (LCVs) (2019-2028) ($MN)
Table 63 Global Automotive Suspension Market Outlook, By Heavy Commercial Vehicles (HCVs) (2019-2028) ($MN)
Table 64 Global Automotive Suspension Market Outlook, By Medium Duty Commercial Vehicle (2019-2028) ($MN)
Table 65 Global Automotive Suspension Market Outlook, By Trucks (2019-2028) ($MN)
Table 66 Global Automotive Suspension Market Outlook, By Multi-Purpose Vehicles (MPVs) (2019-2028) ($MN)
Table 67 Global Automotive Suspension Market Outlook, By Sport Utility Vehicles (SUVs) & Crossovers (2019-2028) ($MN)
Table 68 Global Automotive Suspension Market Outlook, By Two-Wheelers (2019-2028) ($MN)
Table 69 Global Automotive Suspension Market Outlook, By Pickups (2019-2028) ($MN)
Table 70 Global Automotive Suspension Market Outlook, By Application (2019-2028) ($MN)
Table 71 Global Automotive Suspension Market Outlook, By Construction (2019-2028) ($MN)
Table 72 Global Automotive Suspension Market Outlook, By Defense (2019-2028) ($MN)
Table 73 Global Automotive Suspension Market Outlook, By Farm Tractors (2019-2028) ($MN)
Table 74 Global Automotive Suspension Market Outlook, By Electric (2019-2028) ($MN)
Table 75 Global Automotive Suspension Market Outlook, By Commercial (2019-2028) ($MN)
Table 76 Global Automotive Suspension Market Outlook, By Distribution Channel (2019-2028) ($MN)
Table 77 Global Automotive Suspension Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)
Table 78 Global Automotive Suspension Market Outlook, By Aftermarket (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.


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