Press release
Global Advanced Suspension Control System Market to Reach $26.13 Billion by 2029, Growing at 10.5% CAGR
Advanced Suspension Control System
The anticipated expansion of the automotive industry is set to fuel the development of the advanced suspension control system market. The automotive sector encompasses a vast array of companies and establishments engaged in the conceptualization, creation, manufacturing, promotion, sale, and delivery of autos. Integral to this is the inclusion of an advanced suspension control system in the vehicle, which is necessary to shoulder the load of all the installed components and ensure the vehicle's stability. For example, the European Automobile Manufacturers Association, a Belgium-based association of auto manufacturers, noted in May 2023 that the worldwide production of motor vehicles rose to 85.4 million units in 2022, a significant 5.7% uptick from 2021. Additionally, Brand Finance plc, a British brand valuation firm, reported in February 2022 that the car sector reached an estimated 78 million unit sales in 2022, representing a remarkable 10% increase. Thus, the expansion of the automotive sector is stimulating the advanced suspension control system market's growth.
Get Your Advanced Suspension Control System Market Report Here:
https://www.thebusinessresearchcompany.com/report/advanced-suspension-control-system-global-market-report
What is the projected compound annual growth rate (CAGR) of the advanced suspension control system market from 2025 to 2034, and what factors influence it?
The market for advanced suspension control systems has seen a significant surge in recent years. Projected to expand from $15.88 billion in 2024 to $17.55 billion in 2025, it has a compound annual growth rate (CAGR) of 10.5%. Factors contributing to growth during the historic period include robust economic development in emerging markets, growing demand for high-end sports cars, a surge in hybrid electric vehicle (HEV) sales, and a rise in infrastructure construction.
The market for advanced suspension control systems is anticipated to expand rapidly over the coming years, with expectations to reach a value of $26.13 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.5%. Influences such as burgeoning demand for electric cars, amplified automobile production, quick-paced urbanization, and increased governmental backing contribute to this projected growth. During the forecast period, market trends are likely to include the introduction of new suspension systems for vehicle performance improvement, creation of affordable ride height and suspension leveling systems, unveiling of cutting-edge intelligent suspension products to increase vehicle riding comfort, and the use of glass fiber suspension springs as a lighter option. Additional trends include the invention of innovative suspension technologies and semi-active rear axle suspension systems for enhanced performance, and the incorporation of more intelligent and safer suspension systems for optimized user experiences.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7377&type=smp
How are the latest trends influencing the growth of the advanced suspension control system market?
Leading firms in the advanced suspension control system market are pioneering the development of ground-breaking products such as electric-powered body control suspension systems, aimed at boosting vehicle efficacy and comfort levels. This advanced motoring technology of electric-powered body control suspension systems is created to enhance vehicle control, stability, and comfort through active governance of the suspension dynamics. For example, in April 2023, the China-based automobile company, BYD Auto Co., Ltd. unveiled DiSus (known as Yunnian in Chinese) - an electric-powered body control suspension system crafted to offer accurate control of vehicle body motions. This improves both stability and comfort under a variety of driving scenarios. DiSus employs smart algorithms and sensors to predict and respond to changing road conditions, resulting in a smoother experience and better overall driving dynamics.
What are the major segments of the advanced suspension control system market and their role in driving growth?
The advanced suspension control system market covered in this report is segmented -
1) By Product Type: Semi-Active Suspension System, Active Suspension System, Other Product Types
2) By Vehicle Type: Passenger Car, LCV (Light Commercial Vehicle, HCV (Heavy Commercial Vehicle), Other Vehicle Types
3) By Sales Channel: OEMs, Aftermarket
Subsegments:
1) By Semi-Active Suspension System: Magnetorheological (MR) Suspension, Electrorheological (ER) Suspension, Adaptive Damping Systems
2) By Active Suspension System: Hydraulic Active Suspension, Pneumatic Active Suspension, Fully Electronic Active Suspension
3) By Other Product Types: Air Suspension Systems, Conventional Suspension Enhancements, Load Adaptive Systems
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7377
Which regions are key players in the growth of the advanced suspension control system market?
North America will be the largest region in the advanced suspension control system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced suspension control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the advanced suspension control system market?
Major companies operating in the advanced suspension control system market include Continental AG, Tenneco Inc, ZF Friedrichshafen AG, Hitachi Inc, Thyssenkrupp AG, Magneti Marelli S.P.A, KYB Corporation, The Mando Corporation, BWI Group, Hendrickson Holdings L.L.C., Gabriel India Limited, Duroshox Private Limited, Tata AutoComp Systems Limited, Showa Corporation, Faurecia, Bosch, CIE Automotive, Delphi Technologies, Trelleborg Automotive Czech Republic s.r.o., Boge Elastmetall CZ s.r.o., Magna International, Multimatic, Rassini, Pirelli, BYD Co. Ltd., Penske Racing Shocks.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7377&type=smp
What Is Covered In The Advanced Suspension Control System Global Market Report?
•Market Size Forecast: Examine the advanced suspension control system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the advanced suspension control system market for a structured understanding.
•Key Players Overview: Analyze major players in the advanced suspension control system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the advanced suspension control system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the advanced suspension control system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the advanced suspension control system market.
•Industry Challenges: Identify potential risks and obstacles affecting the advanced suspension control system market.
•Competitive Landscape: Review strategic developments in the advanced suspension control system market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Advanced Suspension Control System Market to Reach $26.13 Billion by 2029, Growing at 10.5% CAGR here
News-ID: 3897981 • Views: …
More Releases from The Business Research Company
Robotic Arm For Space Market Expected to Achieve 14.2% CAGR by 2029: Growth Fore …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Robotic Arm For Space Market Size By 2025?
The market size of the robotic arm for space has experienced rapid growth in past years. It's expected to expand from $3.61 billion in 2024, to $4.14 billion in 2025, constituting a compound annual growth rate (CAGR)…
Recruitment Advertising Agency Market Trends That Will Shape the Next Decade: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Recruitment Advertising Agency Market Size Growth Forecast: What to Expect by 2025?
There has been significant expansion in the recruitment advertising agency market in the past few years. From $6.35 billion in 2024, it's set to increase to $6.88 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
The Rise In Consumer Electronics Driving The Growth Of The Market Due To Increas …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Radio Frequency (RF) Microwave Multi-layer Ceramic Capacitors (MLCC) Market Through 2025?
The market size of multi-layer ceramic capacitors in the radio frequency (RF) microwave sector has seen considerable growth in the past few years. Predictions indicate that this market will expand from…
Steady Expansion Forecast for Quantum-Safe Remote Management Interface Market, P …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Quantum-Safe Remote Management Interface Industry Market Size Be by 2025?
The market size for quantum-safe remote management interfaces has seen a significant boost in the past few years. There will be a surge from 1.31 billion dollars in 2024 to 1.62 billion dollars in 2025, with…
More Releases for Suspension
Motorcycle Suspension System Market Outlook 2025-2035: Featuring J.Juan Suspensi …
The global motorcycle suspension system market is set for substantial expansion, with projections indicating a rise from USD 1,988.3 million in 2025 to USD 3,147.4 million by 2035. This growth translates to a Compound Annual Growth Rate (CAGR) of 4.7% over the forecast period, fueled by an escalating demand for superior ride comfort, enhanced vehicle handling, and robust off-road performance, particularly within the burgeoning electric and high-performance motorcycle segments.
Motorcycle suspension…
Hydraulic Suspension: Riding High on Opportunity in the Automotive Suspension Ma …
The automotive suspension market is continuously evolving, driven by the demand for enhanced comfort, handling, and adaptability in vehicles. Within this dynamic landscape, the hydraulic suspension segment presents a high-opportunity area, offering unique capabilities for ride control and load leveling.
Market Dynamics and Growth Drivers
Hydraulic suspension systems, leveraging the power of pressurized fluids, have a long history in automotive applications, particularly in heavy-duty vehicles and luxury cars. Their ability to provide…
Automotive Strut Bar Market by Type {Passenger Car (Front Suspension and Rear Su …
A strut bar, also known as tower bar, connects the top strut towers to increase the rigidity of a vehicle by allowing both strut towers to react to compression and tensile forces. In a strut suspension system, the spring and shock absorber are combined in the one suspension unit, which replaces the upper control arm and the entire vertical suspension load is transmitted to the top of the vehicle's strut…
Suspension Spring Market Report- Trends, Growth Demand, Opportunities | Dongfeng …
The Suspension Spring Market research report identifies key market trends and focuses on the significant trends and factors driving the Suspension Spring Market growth. In addition, Suspension Spring Market analyses the global and key regions’ market potentials and advantages, opportunities and challenges, restraints and risks. Finally, the Suspension Spring Market research report strategically analyzes each submarket concerning Suspension Spring Market growth trends and their contribution.
Get FREE PDF Sample of the…
Innovative Suspension Systems to Bolster Motorcycle Suspension System Market Gro …
Growing two-wheeler sales coupled with worsening transport infrastructure and growing fuel prices around the world are expected to bolster the growth of the motorcycle suspension systems market. A recent study released by Fact.MR estimates that the factors will aid the growth of the global motorcycle suspension system market which is anticipated to cross the US$ 1.5 million valuation mark in 2020.
Innovative and advanced suspension system designs are expected to play a key…
Global Two Wheeler Front Forks Market SWOT Analysis by Key Players: Showa Corpor …
This report presents the worldwide Two Wheeler Front Forks market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The two wheeler front forks connect the vehicle’s front wheel and…
