LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive active suspension system market and it is poised to grow by 1.27 mn units during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Continental AG, Daimler AG, Hitachi Ltd., Hyundai Mobis Co. Ltd., Infineon Technologies AG, Marelli Holdings Co. Ltd., Parker Hannifin Corp., Tenneco Inc., thyssenkrupp AG, and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Improved comfort with a smoother driving experience has been instrumental in driving the growth of the market. However, the use of advanced technology that adds to the costs of manufacturers and end-users might hamper the market growth.
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Automotive Active Suspension System Market 2020-2024: Segmentation
Automotive Active Suspension System Market is segmented as below:
- Hydraulic Actuators
- Pneumatic Actuators
- Electromagnetic Actuators
- North America
- South America
Automotive Active Suspension System Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive active suspension system market report covers the following areas:
- Automotive Active Suspension System Market Size
- Automotive Active Suspension System Market Trends
- Automotive Active Suspension System Market Industry Analysis
This study identifies the incorporation of body control function into active suspension systems as one of the prime reasons driving the automotive active suspension system market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Active Suspension System Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive active suspension system market growth during the next five years
- Estimation of the automotive active suspension system market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive active suspension system market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive active suspension system market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Hydraulic actuators - Market size and forecast 2019-2024
- Pneumatic actuators - Market size and forecast 2019-2024
- Electromagnetic actuators - Market size and forecast 2019-2024
- Market opportunity by Type
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Continental AG
- Daimler AG
- Hitachi Ltd.
- Hyundai Mobis Co. Ltd.
- Infineon Technologies AG
- Marelli Holdings Co. Ltd.
- Parker Hannifin Corp.
- Tenneco Inc.
- thyssenkrupp AG
- ZF Friedrichshafen AG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.