Automotive Suspension Market - Trends Forecast Till 2028

Automotive Suspension Market – Trends Forecast Till 2028

Global Automotive Suspension market is anticipated to reach USD 43.8 billion in 2021 growing at a CAGR of 3.5% during the forecasting period, 2021-2028.

Suspensions used in automobile is a system of tire, tire air, springs, shock absorbers and linkages that form a connection between vehicle and wheels and allow a relative motion between the two. It protects the vehicle from wear and tear. There are 3 components of suspensions are linkages, springs, and shock absorbers. Suspensions tends to smoothen the ride and keep the car in control. The classification of suspensions are 1.Dependent 2.Independent.

Increased trend of using air suspension system in HCVs some of the factors that have supported long-term expansion for Automotive Suspension industry.

Global Automotive Suspension market is segmented into Architecture, System Type, Actuation, Component OE & Aftermarket, Vehicle and geography.

Architecture segment is segmented into MacPherson Strut, Double Wishbone, Multi-link, Twist Beam, Leaf Spring, and Air Suspension

Vehicle segment is segmented into ICE, BEV, HEV, and PHEV

Geographically, global Automotive Suspension market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Key players in global Automotive Suspension market are ZF Friedrichshafen AG (Germany), Tenneco Inc. (US), Continental AG (Germany), thyssenkrupp AG (Germany), and BENTELER (Austria) among others.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conference like Jefferies conference)—to identify and collect information useful for this study of the Automotive Suspension market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global Automotive Suspension market. Through secondary the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Automotive Suspension market.

Primary Respondent breakdown is given below:

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validating the total revenue of the Automotive Suspension market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondent in order to gain 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

• Leading Companies
• Suppliers & Distributors
• Manufacturers
• Consumers
• Industry/Strategic Consultants

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Automotive Suspension market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope