Suspension System - Global Market Outlook (2016-2022)

Suspension System - Global Market Outlook (2016-2022)

  • Published: December 2016
  • ID: SMRC16135

According to Stratistics MRC, the Global Suspension System Market is accounted for $51.23 billion in 2015 and is expected to reach $85.25 billion by 2022 growing at a CAGR of 7.5% during the forecast period”. Some of the key factors fostering the market are demand for lightweight suspension systems, rising demand for luxury & comfort and regenerative suspension systems for electric & hybrid vehicles. Moreover, increasing vehicle production provides massive opportunity for the market in future . However, high adoption and high development cost of advanced suspension systems are restraining the market growth.

The semi-active segment is anticipated to be the leading segment in market due to its prominent share and is projected to continue its dominance whereas the passive suspension systems segment is anticipated to grow at a higher CAGR. The market for semi-active/active is mainly driven by their uses in achieving better ride comfort with advanced trembling category. North America commanded the global market, whereas the market in the Asia-Pacific is expected to grow at the highest CAGR, which can be attributed to the increase in purchasing power in this region.

Some of the key players in Suspension System market include Benteler International AG, Bose Corporation, BWI Group, Continental AG, Hitachi Automotive Systems, Ltd., KYB Corporation, Magneti Marelli S.P.A., Mando Corporation, Schaeffler AG, Tenneco Inc., Thyssenkrupp AG, TRW Automotive, Wabco Holdings Inc. and Zf Friedrichshafen AG.

Architectures Covered:
• Macpherson Strut
• Double Wishbone
• Dependent
• Semi-Independent/Independent

Vehicle Types Covered:
• Heavy Commercial Vehicle (HCV)
• Passenger Vehicle
• Light Commercial Vehicle (LCV)

Systems Covered:
• Passive
• Adaptive
• Semi-Active

Components Covered:
• Ball Joint
• Control Arm
• Coil Spring
• Strut
• Shock Absorber

Damping’s covered:
• Electromagnetic
• Hydraulic /Pneumatic

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain     
o Rest of Europe 
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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