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Automotive Suspension Market Research Report, 2017 - 2024: Global Market Insights Inc.
The product is a system of springs, tires, shock absorber and linkages that connects a vehicle to the wheel for relative motion between the two. It is an essential component for car manufacturing, it gives direction and coordination between all the wheels present in the vehicles.
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Continued sales in global car industry has boosted automotive suspension market. Being an essential component of the vehicle, product has gained prominence in the industry. Economic backdrop around the world and positive sales outlook solidifies demand of the component. 2016 was record breaking year for global car sales.
Growth in the automobile industry is intensifying automotive suspension market. The product helps in providing synchronization and direction to the wheels. It is a linkage between various system of vehicles and supports both handling and ride quality. It protects vehicle, cargo or luggage from damages.
Automotive suspension market is segmented based on system including, active, passive and semi active. Various components are used in the product including spring, ball point, struts, leaf string and air compressor. Dependent, semi dependent and independent are its geometry classification. Some of the categories of products include hydraulic, air leaf spring.
The U.S. is one of the largest car manufacturer in the world. Economy of the region is powered by combination of cheap gas, easy credit and pent up demand, unemployment rate of the country is below 5% that creates plenty of opportunity for vehicle sales and demand. With increasing demand for cars in the region automotive suspension market will foresee growth.
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The automotive suspension market is consolidated with the presence of few top industry players occupying the major share. Some of the prominent players are Multimatic, Kumpulan Belton Berhad, BWI Group, Magnetic Marelli, ZF TRW, Wabco, Fox Factory Tenneco, Gabriel India Limited, Sogefi SpA and Tinsley Bridge Group.
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High Performance Wheels Market Size By Material (Aluminium, Steel, Magnesium, Carbon Fiber), By Vehicle (Premium compact, Entry-level luxury, Mid-size luxury), By End-use (OEM, Aftermarket), Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, China, Japan, India, South Korea, Thailand, Brazil, Argentina, Mexico, GCC, Turkey, South Africa), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024
https://www.gminsights.com/industry-analysis/high-performance-wheels-market
Automotive Wheel Market Size By Material (Aluminum, Steel, Magnesium, Carbon Fiber), By Product (Regular, High Performance), By End-Use (OEM, Aftermarket), By Vehicle (Passenger Cars, Lightweight Commercial Vehicles, Heavy Trucks, Buses & Coaches, Trailers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Czech Republic, Poland, Slovakia, Turkey, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Australia, Philippines, Vietnam, Brazil, Argentina, Mexico, Colombia, Iran, South Africa, Morocco, Egypt, Algeria), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/automotive-wheel-market
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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