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COVID Impact On Global Automotive Suspension Market 2020-2025

01-13-2021 02:25 PM CET | Tourism, Cars, Traffic

Press release from: Mobility Foresights

COVID Impact On Global Automotive Suspension Market 2020-2025

Post H1-2020, the demand situation has started to improve particularly in China and the 2020-SAAR for passenger cars is now expected at ~18M vehicles.

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

Download sample- https://mobilityforesights.com/product/automotive-suspension-market/

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.

Download sample- https://mobilityforesights.com/product/automotive-suspension-market/

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

Media Contact
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

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

We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.

We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

The consistently changing business sector progression in mobility space has put considerably more accentuation on looking at advertise knowledge before your peers. An important market insight, when learned at opportune time, could be the distinction between a decent and a terrible business choice.

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