Press release
Automotive Double Wishbone Suspension Market Size 2020 Deep Industry Analysis and Top Manufacturers: Aptiv, Busche Performance Group, ZF Friedrichshafen AG and Forecast to 2026
Automotive double wishbone suspension is an arm structure that connects the wheel to the suspension springs and are situated between the car’s chassis and the knuckle on the wheel assembly. It consists of dual arms, one at the top and the other at the bottom of the suspension which permits each wheel to act and react independently from one another.These arm structures varies in sizes and have multiple orientations which facilitates performance enhancement, stability of vehicles, and durability of suspension components. This component is majorly used in high performance cars, ATVs, and other heavy commercial vehicles.
The increasing preference for double wishbone suspension systems among the high performance vehicle manufacturers such as Lamborghini, McLaren Automotive, Ferrari, Porsche and others is likely to propel the product market. Moreover, the rising demand for safety, comfort and stability in vehicles is expected to boost opportunities for double wishbone suspension system in automotive sector.
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KEY INSIGHTS
• New Advancements in Automotive Double Wishbone Suspension
• Number of Products, Key Countries, 2019
• New Product Launches, Key Players
Adoption of this technology offers several advantages, such as efficient engine performance and fuel efficiency, making it highly compatible with various types of fuels, which is creating high demand in the market. These benefits encourage more automakers to invest in commercializing the technology. The improvement of automobile infrastructure in emerging countries, the increase in automobile production and sales, strict environmental regulations, increasing attention to environmental safety and automobile emissions are some of the factors that have contributed to the growth of this market.
Automotive Double Wishbone Suspension Market Segmentation:-
By Product Type:
• Independent Suspension
• Non- Independent Suspension
By Application Type:
• ATVs
• SUVs
• High Performance Vehicles
• Pickup Trucks
Major players operating in the global Automotive Double Wishbone Suspension market include
• Aptiv
• Busche Performance Group,
• ZF Friedrichshafen AG,
• Marelli Holdings Co., Ltd.,
• SHOWA CORPORATION
• among others.
Recent advances in the field of automotive industry have enabled a wider application scope. The presence of several large scale companies in the automotive industry is consequential to the massive potential held across the globe. Accounting to healthy market competition, companies are looking to adopt newer strategies, with the aim of establishing a stronghold in the market. The increasing use of automated vehicles and the integration of embedded concepts will bode well for the growth of the overall market in the coming years. Increasing investments in the research and development of automated products, coupled with the efforts taken to produce low cost and low energy consuming automotive will emerge in favor of growth of the Automotive Homogenous Charge Compression Ignition.
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MARKET SEGMENTATION:
Globally, the Automotive Double Wishbone Suspension market is segmented by engine type, by vehicle type, and by geographic coverage. The engine type is further segmented into two stroke engine and four stroke engine. The four stroke engine segment holds the largest share in the global market owing to the high fuel efficiency as compared to the two stroke engine and is estimated to register high sales in the coming years. The vehicle type is further divided into passenger cars and commercial vehicles. The passenger cars hold the major share in the global world.
The increasing urbanization, improvement of living standards, and the developing road infrastructure and are the major factors for the high growth rate of the automobiles across the world. Also, the rise in the disposable income of people have encouraged them to own private cars. Moreover, the automotive manufacturers are investing a high percentage to develop and innovate technologically advanced systems and components in vehicles. Thus, the rapid production and sales of passenger cars is anticipated to propel the passenger car segment of the Automotive Double Wishbone Suspension market in the forecast period.
Research Methodology
The report provides a detailed overview of the Automotive Double Wishbone Suspension and highlights several aspects such as market drivers, leading companies, and restraints. The report segments the market based on several factors including type, region, and application. Leading regions are highlighted with respect to revenue generated and product demand. In addition to this, it provides in-depth information on a few other segments to help our users gain further insights into the market. Regional analysis is highlighted in the report, explaining in detail about each region and factors responsible for driving that region. The insights provided in the report will help stakeholders to gain a better understanding on the market and help them to improve their business decisions.
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By Geography
• North America (USA, Canada, and Mexico)
• Europe (Germany, France, U.K., and Rest of Europe)
• Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)
• Rest of the World
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