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Automotive Suspension System Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Continental AG, thyssenkrupp AG, Marelli Holdings Co., Ltd., Mando Corp., and ZF Friedrichshafen AG

07-17-2024 08:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Automotive Suspension System Market is Likely to Increase at

The global automotive suspension systems market is anticipated to grow at a considerable CAGR of 4.0% during the forecast period (2024-2031). The advancements in the suspension systems is a key factor driving the growth of this market. Proper suspension system is the key need for the proper working of an automobile. Therefore, key automobile manufacturers such as BYD, Mahindra, Porsche, and Tata among others are actively focusing on the introduction of new advancements in their vehicle suspension system. For instance, in November 2023, Porsche presented the new Panamera: the third generation of the sporty luxury sedan which is characterized by an even broader digital offering, fresh and expressive design, and a greater bandwidth between comfort and sportiness with active suspension system.

Additionally, in April 2023, the Chinese electric vehicle (EV) maker BYD introduced a new technology called the DiSus Intelligent Body Control System, or DiSus. It's a suspension and body control software for EVs that promises to improve the driving experience of BYD's electric cars. 

In October 2023, McLaren Automotive recently partnered with Tenneco to name Monroe the Official Intelligent Suspension Supplier for its road car lineup. Tenneco, through its Monroe Intelligent Suspension brand, will supply McLaren with top-of-the-line electronic suspension systems. These systems are far from run-of-the-mill-they're designed to offer McLaren's discerning clientele the sort of precise, exhilarating driving experience they've come to expect. Such developments are driving the global market growth.

To Request a Sample of our Report on Automotive Suspension System Market:  https://www.omrglobal.com/request-sample/automotive-suspension-system-market

Market Coverage

•                 The market number available for - 2023-2031

•                 Base year- 2023

•                 Forecast period- 2024-2031

Segment Covered- 

·        By Component

·        By Type

·        By Vehicle Type

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

Competitive Landscape- includes Continental AG, thyssenkrupp AG, Marelli Holdings Co., Ltd., Mando Corp., and ZF Friedrichshafen AG among others.

Automotive Suspension System Market Report Segment

By Component

•                 Coil Spring

•                 Leaf Spring

•                 Air Spring

•                 Shock Absorber

By Type

•                 Passive Suspension

•                 Semi Active Suspension

•                 Active Suspension

By Vehicle Type

•                 Passenger Car

•                 Commercial Vehicle

A full Report of Automotive Suspension System Market is Available @  https://www.omrglobal.com/industry-reports/automotive-suspension-system-market

Automotive Suspension Systems Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 ANG Auto Ltd.

•                 Autonex International

•                 BWI Group

•                 Garg Autocorp.

•                 Hitachi Astemo Ltd

•                 Hyundai Mobis Co. Ltd.

•                 JP Automobile

•                 KYB Corp.

•                 Lamina Suspension Products Ltd.

•                 LORD Corp.

•                 Sogefi SpA

•                 Tenneco Inc. 

•                 Thyssenkrupp AG

•                 Tilak Industries

•                 Unique Auto Spares

•                 Wheels India Ltd.

•                 ZF Friedrichshafen AG

Reasons to buy from us -

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-suspension-system-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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