Automotive Suspension Market Size Worth $ 72.9 Billion By 2026 | CAGR: 4.0%

The global Automotive Suspension market size is expected to reach USD 72.9 Billion by 2026 according to a new study by WhipSmart Market Intelligence Research. The report “Automotive Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multi-link, Twist Beam, Leaf Spring, Air Suspension), System Type, Actuation, Component OE & Aftermarket, Vehicle (ICE, BEV, HEV, PHEV); By Regions, Segments & Forecast, 2019 - 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The report covers the COVID-19 impact on the Automotive Suspension Market. The COVID-19 Impact analysis will help you to understand the future market growth in the Automotive Suspension Market.

Factors like technological advancements associated with vehicular components, rise in production of vehicles, and increase in demand for luxury & comfort in vehicles are the factors are expected to drive the expansion of the worldwide automotive suspension market.

Read more: https://whipsmartmi.com/automotive-suspension-market-size-worth-72-9-billion-by-2026-cagr-4-0/

However, factors like improvement in global standards for vehicles and high maintenance cost of advanced suspension systems are anticipated to hamper the expansion of the market. On the contrary, rise in demand for lightweight suspension systems and development of advanced suspension systems are expected to supply lucrative opportunity for the expansion of the worldwide market.

Contact Us: https://whipsmartmi.com/contact-us/

Asia Pacific is predicted to carry the most important share of the automotive suspension market. Increasing vehicle production and awareness about advanced suspension technology are the factors that boost the market during this region. The presence of top suspension manufacturers who have heavily invested in fixing the production facility in these countries to satisfy increasing demand for suspension systems is additionally a serious factor fueling the expansion of the market during this region. during this region, consumers are more interested about the comfort levels and safety of the vehicle. Hence, the region is predicted to dominate the market.

The key players in the market ZF (Germany), Tenneco (US), KYB (Japan), Continental (Germany), Magneti Marelli (Italy), Mando (South Korea), NHK Spring (Japan), ThyssenKrupp (Germany), Sogefi (Italy), and Benteler (Austria) among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.

WhipSmart Market Intelligence Market research has segmented the Automotive Suspension market report on the basis of architecture, system, actuation, EV type, vehicle type, component and region.

Automotive Suspension Architecture Outlook (Revenue, USD Million, 2019 – 2026)
o Macpherson Strut
o Double Wishbone
o Multilink Suspension
o Twist Beam/Torsion Beam Suspension
o Leaf Spring Suspension
o Air Suspension

Automotive Suspension System Outlook (Revenue, USD Million, 2019 – 2026)
o Passive suspension
o Semi-active suspension
o Active suspension

Automotive Suspension Actuation Outlook (Revenue, USD Million, 2019 – 2026)
o Hydraulically actuated active suspension
o Electronically actuated active suspension

Automotive Suspension OE Component Outlook (Revenue, USD Million, 2019 – 2026)
o Coil spring
o Leaf spring
o Air spring
o Shock absorber
o Control arm
o Rubber bushing
o Link stabilizer/sway bar
o Ball joint
o Strut
Automotive Suspension Component Outlook (Revenue, USD Million, 2019 – 2026)
o Shock absorber
o Strut
o Ball joint
o Leaf spring
o Control arm
o Coil spring
Automotive Suspension Vehicle Type Outlook (Revenue, USD Million, 2019 – 2026)
o PC
o LCV
o Truck
o Bus
Automotive Suspension EV Type Outlook (Revenue, USD Million, 2019 – 2026)
o BEV
o HEV
o PHEV
o FCEV
Automotive Suspension Regional Outlook (Revenue, USD Million, 2019 – 2026)
 North America
o U.S.
o Canada
 Europe
o France
o Germany
o UK
o Italy
o Russia
 Asia Pacific
o Japan
o Korea
 Latin America
o Mexico
o Brazil
o Colombia
 Middle East & Africa
o Saudi Arabia
o Israel

7264 Magistrate Terrace, Mississauga, Ontario L5W 1H8, Canada

Whipsmart market Intelligence is a Market Research and Consulting firm
catering to varied industries. WhipSmart MI brings exclusive high-growth
markets intelligence generated by many SMEs
and analysts along with its proprietary
Revenue Impact platform, Knowledge Store, to support decision making.

Our market intelligence reports enable businesses break free of the VUCA environment and present
a holistic big-picture view that enables incisive decision-making. Contact us for 4000+ reports on different markets,
investment research, competitive intelligence, custom research projects,
graphics support for business presentations, affordable market research,
whitepapers and staffing for short or long term projects on an hourly basis.

This release was published on openPR.