Suspension System - Global Market Outlook (2017-2023)

Suspension System - Global Market Outlook (2017-2023)

  • Published: December 2017
  • ID: SMRC16916

According to Stratistics MRC, the Global Suspension System Market is accounted for $55.10 billion in 2016 and is expected to reach $91.68 billion by 2023 growing at a CAGR of 7.5% during the forecast period. Factors such as rising demand for luxury & comfort and regenerative suspension systems for electric & hybrid vehicles and rising vehicle fabrication are fueling the market growth. However, high expansion & implementation price of superior suspension systems affecting the growth of the market. One of the major opportunities in the market is advanced suspension systems for hybrid and electric vehicles.

Suspension is the system of tires, safeguards, springs, shock absorbers and linkages that connects a vehicle to its wheels and allows relative motion between the two. It should support roadholding /handling and ride quality. The suspension also protects the vehicle itself and any freight or gear from harm and wear. Suspension is growing mainly due to increase in demand for automobiles.

By Component, air compressor is a machine that transforms power into potential energy reserved in pressurized air. An air compressor must be separated from a pneumatic machine which only pumps air from one setting into another. Air pumps don't contain an air tank for storing pressurized air and are generally much slower, calmer, and more affordable to own and control than an air compressor.

By Geography, Asia Pacific is expected to grow at the highest CAGR during the forecast period attributed to the increasing demand for advanced suspension systems. There is growing demand for advanced automotive suspension systems in emerging countries of Asia pacific such as India and China.

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

Components Covered:
• Air Compressor
• Air Spring
• Ball Joint
• Controller/Control Arms
• Leaf Spring
• Shock Dampener
• Struts

Damping Types Covered:
• Electromagnetically Damped Suspension System
• Hydraulically/Pneumatically Damped Suspension System

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

Vehicle Types Covered:
• Commercial Vehicle
•  Passenger Vehicle

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan       
    • China       
    • India       
    • Australia 
    • New Zealand     
    • South Korea      
    • Rest of Asia Pacific   
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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

1 Executive Summary  
    
2 Preface 
  
 2.1 Abstract  
 2.2 Stake Holders 
 2.3 Research Scope 
 2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources 
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
    
3 Market Trend Analysis 
 3.1 Introduction 
 3.2 Drivers  
 3.3 Restraints 
 3.4 Opportunities 
 3.5 Threats  
 3.6 Emerging Markets 
    
4 Porters Five Force Analysis 
 4.1 Bargaining power of suppliers
 4.2 Bargaining power of buyers
 4.3 Threat of substitutes
 4.4 Threat of new entrants
 4.5 Competitive rivalry 
    
5 Global Suspension System Market, By Component
 5.1 Introduction 
 5.2 Air Compressor 
 5.3 Air Spring 
 5.4 Ball Joint  
 5.5 Controller/Control Arms
 5.6 Leaf Spring 
 5.7 Shock Dampener 
 5.8 Struts  
    
6 Global Suspension System Market, By Damping Type
 6.1 Introduction 
 6.2 Electromagnetically Damped Suspension System
 6.3 Hydraulically/Pneumatically Damped Suspension System
    
7 Global Suspension System Market, By Architecture
 7.1 Introduction 
 7.2 Semi-Independent/Independent Suspension System
 7.3 Double Wishbone 
 7.4 Dependent Suspension System
 7.5 Macpherson Strut 
    
8 Global Suspension System Market, By Vehicle Type
 8.1 Introduction 
 8.2 Commercial Vehicle
 8.3 Passenger Vehicle 
    
9 Global Suspension System Market, By Geography
 9.1 Introduction 
 9.2 North America 
  9.2.1 US 
  9.2.2 Canada 
  9.2.3 Mexico 
 9.3 Europe  
  9.3.1 Germany 
  9.3.2 UK 
  9.3.3 Italy 
  9.3.4 France 
  9.3.5 Spain 
  9.3.6 Rest of Europe
 9.4 Asia Pacific 
  9.4.1 Japan 
  9.4.2 China 
  9.4.3 India 
  9.4.4 Australia 
  9.4.5 New Zealand
  9.4.6 South Korea
  9.4.7 Rest of Asia Pacific
 9.5 South America 
  9.5.1 Argentina
  9.5.2 Brazil 
  9.5.3 Chile 
  9.5.4 Rest of South America
 9.6 Middle East & Africa
  9.6.1 Saudi Arabia
  9.6.2 UAE 
  9.6.3 Qatar 
  9.6.4 South Africa
  9.6.5 Rest of Middle East & Africa
    
10 Key Developments  
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
 10.2 Acquisitions & Mergers
 10.3 New Product Launch
 10.4 Expansions 
 10.5 Other Key Strategies
    
11 Company Profiling  
 11.1 Zf Friedrichshafen AG 
 11.2 Wabco Holdings Inc. 
 11.3 Bose Corporation 
 11.4 Thyssenkrupp AG   
 11.5 Tenneco Inc.   
 11.6 Schaeffler AG   
 11.7 Mando Corporation  
 11.8 Magneti Marelli S.P.A. 
 11.9 KYB Corporation   
 11.10 Continental AG   
 11.11 BWI Group  
 11.12 Benteler International AG 
 11.13 Hitachi Automotive Systems, Ltd.
 11.14 LORD Corporation 
 11.15 Eaton Corporation Plc


List of Tables   
1 Global Suspension System Market Outlook, By Region (2014-2023) ($MN)
2 Global Suspension System Market Outlook, By Component (2014-2023) ($MN)
3 Global Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
4 Global Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
5 Global Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
6 Global Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
7 Global Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
8 Global Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
9 Global Suspension System Market Outlook, By Struts (2014-2023) ($MN)
10 Global Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
11 Global Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
12 Global Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
13 Global Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
14 Global Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
15 Global Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
16 Global Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
17 Global Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
18 Global Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
19 Global Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
20 Global Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)
21 North America Suspension System Market Outlook, By Country (2014-2023) ($MN)
22 North America Suspension System Market Outlook, By Component (2014-2023) ($MN)
23 North America Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
24 North America Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
25 North America Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
26 North America Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
27 North America Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
28 North America Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
29 North America Suspension System Market Outlook, By Struts (2014-2023) ($MN)
30 North America Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
31 North America Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
32 North America Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
33 North America Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
34 North America Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
35 North America Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
36 North America Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
37 North America Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
38 North America Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
39 North America Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
40 North America Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)
41 Europe Suspension System Market Outlook, By Country (2014-2023) ($MN)
42 Europe Suspension System Market Outlook, By Component (2014-2023) ($MN)
43 Europe Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
44 Europe Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
45 Europe Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
46 Europe Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
47 Europe Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
48 Europe Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
49 Europe Suspension System Market Outlook, By Struts (2014-2023) ($MN)
50 Europe Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
51 Europe Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
52 Europe Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
53 Europe Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
54 Europe Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
55 Europe Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
56 Europe Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
57 Europe Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
58 Europe Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
59 Europe Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
60 Europe Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)
61 Asia Pacific Suspension System Market Outlook, By Country (2014-2023) ($MN)
62 Asia Pacific Suspension System Market Outlook, By Component (2014-2023) ($MN)
63 Asia Pacific Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
64 Asia Pacific Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
65 Asia Pacific Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
66 Asia Pacific Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
67 Asia Pacific Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
68 Asia Pacific Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
69 Asia Pacific Suspension System Market Outlook, By Struts (2014-2023) ($MN)
70 Asia Pacific Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
71 Asia Pacific Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
72 Asia Pacific Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
73 Asia Pacific Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
74 Asia Pacific Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
75 Asia Pacific Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
76 Asia Pacific Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
77 Asia Pacific Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
78 Asia Pacific Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
79 Asia Pacific Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
80 Asia Pacific Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)
81 South America Suspension System Market Outlook, By Country (2014-2023) ($MN)
82 South America Suspension System Market Outlook, By Component (2014-2023) ($MN)
83 South America Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
84 South America Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
85 South America Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
86 South America Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
87 South America Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
88 South America Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
89 South America Suspension System Market Outlook, By Struts (2014-2023) ($MN)
90 South America Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
91 South America Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
92 South America Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
93 South America Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
94 South America Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
95 South America Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
96 South America Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
97 South America Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
98 South America Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
99 South America Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
100 South America Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)
101 Middle East & Africa Suspension System Market Outlook, By Country (2014-2023) ($MN)
102 Middle East & Africa Suspension System Market Outlook, By Component (2014-2023) ($MN)
103 Middle East & Africa Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
104 Middle East & Africa Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
105 Middle East & Africa Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
106 Middle East & Africa Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
107 Middle East & Africa Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
108 Middle East & Africa Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
109 Middle East & Africa Suspension System Market Outlook, By Struts (2014-2023) ($MN)
110 Middle East & Africa Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
111 Middle East & Africa Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
112 Middle East & Africa Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
113 Middle East & Africa Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
114 Middle East & Africa Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
115 Middle East & Africa Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
116 Middle East & Africa Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
117 Middle East & Africa Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
118 Middle East & Africa Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
119 Middle East & Africa Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
120 Middle East & Africa Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)

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