openPR Logo
Press release

Automotive Suspension Market to Reach USD 63.63 Billion by 2034, Growing at a CAGR of 3.3%

04-10-2025 03:13 PM CET | Tourism, Cars, Traffic

Press release from: Polaris Market Research & Consulting

Automotive Suspension Market

Automotive Suspension Market

The global automotive suspension market size was valued at USD 46.17 billion in 2024. The market is projected to grow from USD 47.59 billion in 2025 to USD 63.63 billion by 2034, exhibiting a CAGR of 3.3% during the forecast period.

Market Overview:
In automobiles, suspension refers to a system that connects the vehicle body to the wheels, thus causing the vehicle to be subject to less shock and sudden jerks while driving on uneven terrains or even in the case of immediate usage of the vehicle's brake system. The automotive suspension market involves the design, production, and integration of suspension systems that support a vehicle's weight, absorb shock, and maintain tire contact with the road for optimal handling and comfort.

Growth Drivers:
• The increasing demand for electric and autonomous vehicles is a key market driver. As these vehicles gain popularity, there is a growing need for specialized suspension systems to address the unique requirements of electric drivetrains, such as different weight distributions and battery placements. EVs tend to be heavier due to battery packs, which require advanced suspension solutions to ensure stability.

• The growing popularity of SUVs is significantly fueling the market expansion. As consumers increasingly prefer SUVs for their higher ground clearance, larger cabin space, and off-road capabilities, there is a growing demand for suspension systems that can handle the unique demands of these vehicles. This has resulted in increased adoption of advanced suspension technologies, such as air suspension systems and multi-link rear suspensions, which can offer better comfort and performance for larger vehicles.

Key Markey Players:
Major market players are making significant investments in R&D to expand their product offerings. A few of the major market participants include:
• Bosch Mobility Solutions
• BWI Group
• Continental AG
• Hendrickson USA, L.L.C.
• KYB Corporation
• Magna International Inc.
• Sogefi
• Tenneco Inc.
• Thyssenkrupp
• ZF Friedrichshafen AG

Recent Developments in the Automotive Suspension Market
• April 2024: BWI Group partnered with ThyssenKrupp Steering to co-develop Electro-Mechanical Brake (EMB) systems, a key advancement in chassis-by-wire technology. This collaboration aims to support the evolving demands of Level 3 and higher autonomous driving, enhancing vehicle safety, precision, and control.

• July 2023: Hendrickson launched a new line of air mechanical suspensions for trailers in India, specifically engineered to tackle the country's diverse and challenging road conditions. The solution enhances load stability, ride comfort, and adaptability for regional transport requirements.

Segmental Analysis:
• The automotive suspension market is segmented based on system, vehicle type, component, damping, geometry, and region.

• By system, the market is categorized into active suspension, passive suspension, and semi-active suspension. The active suspension segment dominated the market in 2024.

• Based on vehicle type, the market is categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars hold the largest automotive suspension market share.

By System (Revenue - USD Billion, 2020 - 2034)
• Active Suspension
• Passive Suspension
• Semi-Active Suspension

By Vehicle Type (Revenue - USD Billion, 2020 - 2034)
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Component (Revenue - USD Billion, 2020 - 2034)
• Strut
• Shock Absorber
• Leaf Spring
• Ball Joint
• Air Spring
• Control Arm
• Coil Spring
• Others

By Damping (Revenue - USD Billion, 2020 - 2034)
• Hydraulic
• Electromagnetic

By Geometry (Revenue - USD Billion, 2020 - 2034)
• Independent Suspension
• Semi-Independent Suspension
• Dependent Suspension

Regional Overview:
• North America
o US
o Canada

• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Rest of Asia Pacific

• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

Browse More Research Reports:
Automotive Lead-Acid Battery Market:
https://www.polarismarketresearch.com/industry-analysis/automotive-lead-acid-battery-market

Cosmetic and Toiletry Containers Market:
https://www.polarismarketresearch.com/industry-analysis/cosmetic-and-toiletry-containers-market

Digital Fashion NFT Marketplace Platform Market:
https://www.polarismarketresearch.com/industry-analysis/digital-fashion-nft-marketplace-platform-market

Micro Turbine Market:
https://www.polarismarketresearch.com/industry-analysis/micro-turbine-market

Micro-pumps Market:
https://www.polarismarketresearch.com/industry-analysis/micro-pumps-market

Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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 Automotive Suspension Market to Reach USD 63.63 Billion by 2034, Growing at a CAGR of 3.3% here

News-ID: 3965675 • Views:

More Releases from Polaris Market Research & Consulting

Granite Market Projected to Reach USD 6.63 Billion by 2034, Growing at a CAGR of 5.2%
Granite Market Projected to Reach USD 6.63 Billion by 2034, Growing at a CAGR of …
Polaris Market Research has released new insights into the Granite market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors. Market at a Glance In 2024, the market was valued at USD 3.99 billion and is anticipated to grow to USD 6.63 Billion by 2034. It
Molecular Diagnostics for Sexually Transmitted Diseases Market to Reach USD 7.85 Billion by 2034, Growing at a CAGR of 7.5%
Molecular Diagnostics for Sexually Transmitted Diseases Market to Reach USD 7.85 …
Polaris Market Research announces the release of its latest study on the Molecular Diagnostics For Sexually Transmitted Diseases market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape. According to the findings, the market stood at 3.82 billion in 2024 and is expected to
Higher Alpha Olefins Market Projected to Hit USD 20.01 Billion by 2034, Expanding at a CAGR of 6.8%
Higher Alpha Olefins Market Projected to Hit USD 20.01 Billion by 2034, Expandin …
Polaris Market Research announces the release of its latest study on the Higher Alpha Olefins market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape. According to the findings, the market stood at 10.39 billion in 2024 and is expected to reach 20.01 billion
Direct Oral Anticoagulants (DOACs) Device Market to Reach USD 64.83 Billion by 2034, Growing at a CAGR of 7.44%
Direct Oral Anticoagulants (DOACs) Device Market to Reach USD 64.83 Billion by 2 …
Polaris Market Research announces the release of its latest study on the Direct Oral Anticoagulants (DOACs) Device market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape. According to the findings, the market stood at 31.67 billion in 2024 and is expected to reach

All 5 Releases


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