DUBLIN--(BUSINESS WIRE)--The "Global Automotive Performance Suspension System Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The automotive performance suspension market will register a CAGR of almost 8% by 2023.
The integration of active steering controls within performance suspension systems will drive growth in the market. Vehicle makers are upgrading their existing vehicular system with digital systems to increase operational efficiency and safety.
Air suspension systems are innovative suspension systems mainly used in heavy commercial vehicles to reduce vibration and engine noise. Thus, the adoption of air-suspension systems in modern high-performance vehicles is likely to push the technological advances in suspension systems which, in turn, will drive the automotive performance suspension system market growth during the forecast period.
An automotive performance suspension system with adjustable height features cost significantly higher than conventional spring-based automotive suspension system. This increases the cost of production, thus this rise in production costs is a major factor that impedes market growth.
With the presence of a considerable number of companies, this market appears to be fragmented. Vendors are upgrading their existing vehicular system with digital systems to increase operational efficiency and safety.
Market Trends
- Integration of Active Steering Controls Within Performance
- Suspension Systems
- Active Suspension System
- Lightweighting of Performance Suspension System
Key Players
- BWI Group
- Continental
- Tenneco
- Thyssenkrupp
- ZF Friedrichshafen
Topics Covered
1. Executive Summary
2. Scope of the Report
3. Market Landscape
4. Market Sizing
5. Five Forces Analysis
6. Market Segmentation by Application
7. Customer Landscape
8. Geographic Landscape
9. Decision Framework
10. Drivers and Challenges
11. Market Trends
12. Vendor Landscape
13. Vendor Analysis
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