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Global Automotive Suspension Systems Market Research 2022-2026 By Administration, Source, Organization, Application, Geography, Competitive Analysis
Automotive Suspension Systems Market
The regions covered in the automotive suspension systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest automotive suspension systems market share.
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The automotive suspension systems market consists of sales of suspension systems by entities (organizations, sole traders and partnerships) for automotive, which are responsible for smoothening the vehicles ride and keeping them in control. The suspension system maximizes the friction between the tires and road for a softer movement of vehicles. The suspension systems consists of tires, tire air, springs, shock absorbers and linkages that connects a vehicle to its wheels supporting road handling and ride quality of the vehicle.
Key competitors in the automotive suspension systems market include Continental AG., ZF Friedrichshafen, Tenneco, Magneti Marelli S.p.A, ThyssenKrupp Automotive Systems, WABCO Vehicle Control Systems, Mando Corp., BWI Group, KYB, Hitachi Automotive Systems, TRW Automotive Holdings Inc., LORD Corporation, Porsche, Mercedes-Benz, Multimatic and SANLUIS Rassini
The global automotive suspension systems market size is expected to grow from $56.87 billion in 2021 to $59.17 billion in 2022 at a compound annual growth rate (CAGR) of 4.05%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global automotive suspension system market size is expected to reach $69.78 billion in 2026 at a CAGR of 4.21%.
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TBRC's report segments the global automotive suspension systems market:
1) By Type: Passive Suspensions Systems, Semi-Active Suspensions Systems, Active Suspensions Systems
2) By Component: Coil Spring, Leaf Spring, Air Spring, Shock Absorbers, Others
3) By Application: Passenger Vehicles, Commercial Vehicles
Read Further On The Automotive Suspension Systems Market Here:
https://www.thebusinessresearchcompany.com/report/automotive-suspension-systems-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Automotive Suspension Systems Market Characteristics
3. Automotive Suspension Systems Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Suspension Systems
5. Automotive Suspension Systems Market Size And Growth
.....
27. Automotive Suspension Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Suspension Systems Market
29. Automotive Suspension Systems Market Future Outlook and Potential Analysis
30. Appendix
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