Press release
COVID Impact On Global Automotive Suspension Market 2020-2025
The impact of pandemic has already started to weigh in on financials of suspension suppliers worldwide. ZF in its H1-2020 earnings showed a decline of 26% YOY with adjusted EBITDA dipping in negative territory.
COVID-19 is likely to shrink global auto production by ~21% i.e. from ~90M vehicles in 2019 to ~70M vehicles in 2020 and the auto suspension market will be directly impacted due to the contraction
Declining vehicle refresh timelines and generation upgrades coupled with higher demand for SUVs/crossovers will remain fundamental growth driver
McPherson struts in Front and Multi-link rear suspension remains the most preferred setup in fast growing SUV segment across many auto makers and regions
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Higher penetration of air suspension and dynamic chassis control products in premium segment will drive Dollar content per vehicle for suppliers
The automotive suspension market is and will remain highly consolidated with EBITDA margins being less than 6% for most suppliers
US auto sales are expected to decline by 20-24% in 2020, due to COVID-19 and only expected to recover to pre-crisis level by 2022.
US auto suspension market is among the most matured market globally, with OEMs offering variety of Suspension choices as per vehicle segment.
In Europe Mercedes has launched the 2021 S-Class with air suspension as standard. The E-Active Body Control active suspension system is also available as an option.
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COMPANY PROFILES
Tenneco Inc
ZF Friedrichshafen AG
WABCO(Knorr-Bremse)
Mando Corporation
KYB
Hendrickson
Marelli
Thyssenkrupp AG
Gabriel(Anand Group)
THIS AUTOMOTIVE SUSPENSION MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Automotive Suspension Market size and Forecast , by region, by application
2. Average B-2-B price for Automotive Suspension Market, by region, per user
3. Technology trends and related opportunity for new Automotive Suspension Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on Automotive Suspension Market earnings
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Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka
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