Automotive Suspension Market, By Architecture (MacPherson Strut, Double Wishbone, Multi-link, Twist Beam, Leaf Spring, Air Suspension), System Type, Actuation, Component OE & Aftermarket, Vehicle (ICE, BEV, HEV, PHEV) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Automotive Suspension Market Overview
Global Automotive Suspension market is anticipated to reach USD 43.8 billion in 2021 growing at a CAGR of 3.5% during the forecasting period, 2021-2028.
Suspensions used in automobile is a system of tire, tire air, springs, shock absorbers and linkages that form a connection between vehicle and wheels and allow a relative motion between the two. It protects the vehicle from wear and tear. There are 3 components of suspensions are linkages, springs, and shock absorbers. Suspensions tends to smoothen the ride and keep the car in control. The classification of suspensions is 1. Dependent 2. Independent.
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Increased trend of using air suspension system in HCVs some of the factors that have supported long-term expansion for Automotive Suspension industry.
Key Findings
Global Automotive Suspension market is segmented into Architecture, System Type, Actuation, Component OE & Aftermarket, Vehicle and geography.
Architecture segment is segmented into MacPherson Strut, Double Wishbone, Multi-link, Twist Beam, Leaf Spring, and Air Suspension
Vehicle segment is segmented into ICE, BEV, HEV, and PHEV
Geographically, global Automotive Suspension market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Automotive Suspension Market Competitive Landscape
Key players
· ZF Friedrichshafen AG (Germany)
· Tenneco Inc. (US)
· Continental AG (Germany)
· thyssenkrupp AG (Germany)
· BENTELER (Austria)
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Reasons to Acquire in the Automotive Suspension Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
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- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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