DUBLIN--(BUSINESS WIRE)--The "Automotive Suspension Market By Architecture, System Type, Actuation, Component OE & Aftermarket, Vehicle and Region - Global Forecast To 2025" report has been added to ResearchAndMarkets.com's offering.
The global automotive suspension market is projected to grow at a CAGR of 3.88%, during the forecast period, from an estimated USD 50.76 billion in 2017 to USD 68.84 billion by 2025.
With growing vehicle production, the demand for suspension system is projected to grow during forecast period. Alternatively, lack of standardization of independent suspension system and high cost of advanced suspension system are the key factors hindering the growth of the automotive suspension market.
The market for air suspension systems is projected to grow at the fastest CAGR during the forecast period from 2017 to 2025. The factors such as increasing production of trucks, customer demand for cabin comfort, better control, maneuverability, and stability of the vehicle have led to an increase in the demand for air suspension systems. The demand for luxury buses primarily drives the market for air suspension. The air suspension system employed in buses ensures comfort for passengers and maintains the vehicle height at the desired level during the travel.
The passive system is projected to be the largest segment of the automotive suspension market, by system. The passive suspension system is equipped in all kind of architectures such as MacPherson, double wishbone, twist beam, and leaf spring. Majority of the present-day vehicles are equipped with this type of suspension systems as they are easy to install, repair, and economical than the semi-active and active systems.
Hence, passive systems are contributing the most in all vehicle types, mainly LCVs and HCVs. Asia Oceania region is the largest market for passive suspension as most of the vehicles in this region have technologically less advanced suspension systems.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Suspension Market, By Architecture
7 Automotive Suspension Market, By System Type
8 Active Suspension Market, By Actuation
9 Automotive Suspension OE Market, By Component
10 Automotive Suspension Aftermarket, By Component
11 Automotive Suspension Market, By Vehicle Type
12 Electric & Hybrid Vehicle Suspension Market, By Region
13 Automotive Suspension Market, By Region
14 Competitive Landscape
15 Company Profiles
- Magneti Marelli
- NHK Springs
For more information about this report visit https://www.researchandmarkets.com/research/7vptgl/automotive?w=4