DUBLIN--(BUSINESS WIRE)--The "Global Automotive Suspension System Market - Analysis of Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Automotive suspension systems have a systematic arrangement of springs, shock absorbers, control arms, and ball joints that link the chassis to the wheels, which promotes relative motion.
Bad highway designs and ill-constructed roads in most emerging and developing countries contribute to increased consciousness for safety, and hence, greater consumer and government concerns about efficient suspension systems. Another prominent market driver for the automotive suspension system market is the rise in the production of vehicles and consequent increasing number of passenger and commercial vehicles. The global light vehicle production volume grew by over 5% in 2017 from 2016, and is projected to reach 111.7 million units by 2023.
The automakers are anticipating to developing composite vehicle suspension systems across passenger and light commercial vehicles. Composite suspension systems are essentially those which are made of materials other than steel, like, glass fiber reinforced polymer (GFRP), among many others. This is due to composite leaf springs weighing much less than steel springs, and also being resistant to corrosion.
- Mando Corporation
- ZF Friedrichshafen AG
- Magnetic Marelli SpA
- Hyundai Mobis
- Hitachi Automotive Systems Ltd
- Benteler- SGL
- Sogefi Group
- KYB Corporation
- Hendrickson USA
- Continental AG
Key Topics Covered:
2. Executive Summary
3. Market Overview and Trends
4. Market Dynamics
5. Global Automotive Suspension System Market, Segmented by Component Type
6. Global Automotive Suspension System Market, Segmented by Vehicle Type
7. Global Automotive Suspension System Market, Segmented by Type
8. Global Automotive Suspension System Market, Segmented by Geography
9. Competitive Landscape
10. Key Vendor Analysis
11. Outlook of the Market
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