DUBLIN--(BUSINESS WIRE)--The "Automotive Suspension Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The future of the global automotive suspension market looks promising with opportunities in the passenger car, light commercial vehicle and heavy commercial vehicle segments. The global automotive suspension market is expected to reach an estimated $79.0 billion by 2023 and it is forecast to grow at a CAGR of 5.3% from 2018 to 2023.
The major drivers of growth for this market are increasing vehicle production, increasing need for improved ride quality, and the growing demand for advanced safety and convenience systems.
Emerging trends, which have a direct impact on the dynamics of the automotive suspension industry, include the development of lightweight suspensions, the introduction of electronic suspension technology, and the introduction of energy recovery suspension systems.
The study includes the automotive suspension market size and forecast for the global automotive suspension market through 2023, segmented by vehicle type, system type, damping type, end user, material type, and region, as follows:
Automotive Suspension Market by Vehicle Type ($ Billion from 2012 to 2023)
- Passenger Car
- Small Car
- Compact Car
- Mid-Size Car
- Large Car
- Light Commercial Vehicle
- SUVs &Crossovers
- Heavy Commercial Vehicle
Automotive Suspension Market by System ($ Billion from 2012 to 2023)
- Passive Suspension System
- Active Suspension System
- Semi-Active Suspension System
Automotive Suspension Market by Damping Type ($ Billion from 2012 to 2023)
- Hydraulic Suspension
- Air Suspension
- Leaf Spring Suspension
Automotive Suspension Market by End User ($ Billion from 2012 to 2023)
Automotive Suspension Market by Material Type ($ Billion 2017)
Automotive Suspension Market by Region ($ Billion and Million Units from 2011 to 2023)
- North America
- Asia Pacific
- The Rest of the World
APAC is expected to remain the largest region and register the highest growth rate due to higher vehicle production, increasing government regulations for safety and security, and consumer demand for improved suspensions during the forecast period.
- Benteler International
- KYB Corporation
- Magneti Marelli S.p.A
- Mando Corporation
- NHK Spring Co., Ltd.
- Sogefi Group
- Tenneco Inc.
- ThyssenKrupp AG
- ZF Friedrichshafen AG
For more information about this report visit https://www.researchandmarkets.com/research/5cgwfz/global_automotive?w=4