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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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 43.8 billion |
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Growth Rate |
CAGR of 3.5% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
Architecture, System Type, Actuation, Component OE & Aftermarket, Vehicle and Geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
ZF Friedrichshafen AG (Germany), Tenneco Inc. (US), Continental AG (Germany), thyssenkrupp AG (Germany), and BENTELER (Austria) |
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Available Customization |
In addition to the market data for Automotive Suspension market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
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