Press release
Automotive Suspension Market Getting Ready For Future Growth | Continental AG, Fox Factory, Inc., Gabriel India Limited, Hendrickson USA, L.L.C., KYB Corporation | Industry to Reach $73.36 Billion, 3.5% CAGR by 2027
On the basis of component, the struts segment contributed to the largest market share in 2019, accounting for nearly one-third of the global automotive suspension market share, and is expected to dominate in terms of revenue during the forecast period. This is due to benefits related to balancing the overall weight of the vehicles and increase in manufacturing of technically advanced components. However, the air compressor segment is estimated to portray the fastest CAGR of 5.3% from 2020 to 2027.
Download Report Sample (344 Pages PDF with Insights, Charts, Tables, Figures) @ https://www.alliedmarketresearch.com/request-sample/1709
Among the sub-segments of suspension type, the hydraulic suspension segment accounted for more than half of the total market share in 2019, and is expected to continue to lead in terms of during the forecast period. This is attributed to its utilization as a convention suspension system in the automotive sector. However, the air suspension segment is estimated to witness the largest CAGR of 4.3% from 2020 to 2027.
According to the report published by Allied Market Research, the global automotive suspension market garnered $55.28 billion in 2019, and is expected to garner $73.36 billion by 2027, portraying a CAGR of 3.5% from 2020 to 2027. The report offers a detailed analysis of changing market trends, top investment pockets, market trends & estimations, major segments, and competitive scenario.
Browse Complete Report & TOC at https://www.alliedmarketresearch.com/automotive-suspension-market
Advancements in technologies, increase in demand for comfort & luxury in vehicles, and surge in vehicle production fuel the global automotive suspension market. However, expensive maintenance for advanced suspension systems and improved standards for vehicles restrain the market growth up to certain extent. On the other hand, demand for lightweight suspension systems and development of advanced suspension systems offer new opportunities in next few years.
Geographically, Asia-Pacific accounted for nearly two-fifths of the total market share in 2019, and is projected to maintain its dominant share during the forecast period. Moreover, this segment is estimated to register the highest CAGR of 4.1% from 2020 to 2027. This is due to developed automotive sector along with ongoing research activities and developments related to vehicle components in the region. North America held the second-highest market share in terms of revenue by 2026. The research also analyzes the regions including Europe and LAMEA.
Interested to Procure The Data? Inquire here @ https://www.alliedmarketresearch.com/purchase-enquiry/1709
Leading market players analyzed in the research include Continental AG, Gabriel India Limited, Fox Factory, Inc., KYB Corporation, Hendrickson USA, L.L.C., Sogefi S.P.A., Mando Corporation, Wabco, Tenneco Inc., and ZF TRW.
Automotive Suspension Market to Garner $73.36 Billion by 2027: AMR | https://www.globenewswire.com/news-release/2020/04/28/2023043/0/en/Automotive-Suspension-Market-to-Garner-73-36-Billion-by-2027-AMR.html
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Suspension Market Getting Ready For Future Growth | Continental AG, Fox Factory, Inc., Gabriel India Limited, Hendrickson USA, L.L.C., KYB Corporation | Industry to Reach $73.36 Billion, 3.5% CAGR by 2027 here
News-ID: 2101202 • Views: …
More Releases for Allied
Global Leather and Allied Products Market | Global Leather and Allied Products I …
The leather and allied products market comprises of sales of leather and allied products by individuals (organizations, sole traders and partnerships) that introduce the leather and allied products. The Leather and allied product producers transmute hides into leather by tanning or preserving and fabricating the leather into the products for final consumption, and/or introduce the similar products from other materials, comprising the products (except apparel) made from "leather substitutes likewise…
Allied Market Research
"World Castration-Resistant Prostate Cancer (CRPC) Therapeutics - Market Opportunity and Forecast, 2014-2020", the global CRPC therapeutics market would generate a revenue of $9.5 billion by 2020, registering a CAGR of 9.1% from 2015 to 2020. Hormonal therapy segment spearheads among all the therapy types, governing around 4/5th of the global market value in 2014 and would sustain its market position throughout 2020.
Download the Sample Report @ https://www.alliedmarketresearch.com/request-sample/694
The global CPRC therapeutics…
Pneumatic Nebulizers Market |Aerogen,Allied Healthcare,Briggs Healthcare
Some of the notable players operating in pneumatic nebulizers market are Philips Respironics, DeVilbiss Healthcare, Omron Corporation, and Becton, Dickinson and Company. Firms are adopting novel product launch and strategic collaborations to reap profit and gain competitive advantage.
Pneumatic Nebulizers Market size is set to exceed USD 875 million by 2024.Rising elderly population across the globe will stimulate global pneumatic nebulizers market growth over the forthcoming period. Geriatric population is prone…
Allied Market Research
The global supply chain analytics market is expected to register substantial growth in the near future and this is attributed to the growing need to improve visibility on supply chain operations such as orders, shipments, and inventory. The high statistical forecast accuracy and real-time measurement of supply chain events has further encouraged the growth of supply chain analytics market during the forecast period. The lack of awareness regarding supply chain…
Carotenoids Market 2017 - DSM, BASF, Allied Biotech, FMC
Apex Research, recently published a detailed market research study focused on the "Carotenoids Market" across the global, regional and country level. The report provides 360° analysis of "Carotenoids Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Carotenoids industry, and estimates the future trend of Carotenoids market on the basis of this…
Daktronics Wins IDEA Allied Achievement Award
BROOKINGS, S.D. – February 25, 2010 – Daktronics was presented with the Information Display and Entertainment Association (IDEA) Allied Achievement Award during the Annual IDEA conference that took place 14-17 February in Tampa Bay, Fla.
The Allied Achievement Award gives honor to a current Allied IDEA member organization for industry innovations, support of the large screen video industry, and support of the IDEA organization. The member organization has to be…
