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Automotive Suspension Systems Market to 2025 | Industry Statistics, Emerging Demands, Forecast to 2031 | Federal-Mogul Corporation First Brands Group LLC. General Motors---

01-23-2025 08:01 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Automotive Suspension Systems Market

Automotive Suspension Systems Market

Automotive suspension system market is anticipated to grow at a considerable CAGR of 4.0% during the forecast period. A suspension system is an integral part of an automobile. The growing automobile industry and the growing demand for high performance sports car is a key factor driving the market growth globally. According to the India Brand Equity Foundation (IBEF), the Indian passenger car market was valued at $ 32.7 billion in 2021, and it is expected to reach $54.8 billion by 2027 while registering a CAGR of over 9.0% between 2022-27. The global EV market was estimated at approximately $250 billion in 2021 and by 2028, it is projected to grow by 5 times to $1.3 triillion. Additionally, in July 2023, the total production of passenger vehicles, three wheelers, two wheelers, and quadricycles was 2.1 units. In the first quarter of 2023-24, total production of passenger vehicles, commercial vehicles, three wheelers, two wheelers, and quadricycles was 6.0 million units.

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The global automotive suspension system market is segmented based on component, vehicle type, and type. Based on component, the market is segmented into coil spring, leaf spring, air spring, and shock absorber. Based on vehicle type, the market is segmented into passenger car and commercial vehicle. Based on type, the market is sub-segmented into passive suspension, semi-active suspension, and active suspension.

full report of Automotive Suspension Systems Market available @ https://www.omrglobal.com/industry-reports/automotive-suspension-system-market

• Market Coverage
• Market number available for - 2025-2031
• Base year- 2025
• Forecast period- 2025-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global 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

Global Automotive Suspension Systems Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automotive suspension system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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

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.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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