The market report “Automotive Suspension Market by Technologies (Advanced and Conventional), Architectures (Two-Wheeler Suspension and Four-Wheeler Suspension), Geometries (Independent, Semi-Independent and Dependent (Rigid)), Systems (Semi-Active Suspension System, Active Suspension System, Passive Suspension System and Adaptive System), Components (Spring, Rubber Bushing, Shock Dampener/Absorber, Suspension/Control Arms, Ball Joint, Leaf Spring, Air Compressor, Struts and Link Stabilizer/Sway Bar), Actuations (Electronically Actuated Active Suspension and Hydraulically Actuated Active Suspension), Damping Types (Air Suspension, Electromagnetic Suspension and Hydraulic/Pneumatic Suspension), Materials (Composites and Steel), Electric & Hybrid Vehicles (Internal Combustion Engine (ICE), Fuel Cell Electric Vehicles (FCEV), Hybrid Electric Vehicles (HEV), Battery Electric Vehicles (BEVs) and Plug-In Hybrid Electric Vehicles (PHEV)), Vehicle Types (Buses, Passenger Cars, Commercial Vehicle, Trucks, Multi-Purpose Vehicles (MPVs), Sport Utility Vehicles (SUVs) & Crossovers, Two-Wheelers and Pickups), Applications (Construction, Defense, Farm Tractors, Electric and Commercial), Distribution Channels (Original Equipment Manufacturer (OEM) and Aftermarket), and Region – Forecast to 2028”. The automotive suspension market is growing at a CAGR of 5.5% by 2028, owing to the increase in demand for luxury & comfort in vehicles.
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Based on damping type, the electromagnetic suspension segment is estimated to grow at highest CAGR segment during the study period.On the basis of damping type, the market is categorized into air suspension, electromagnetic suspension and hydraulic / pneumatic suspension. The electromagnetic suspension segment is estimated to be the fastest growing market segment strongly driven at a fast pace due to the increasing number of high-end vehicles that offer better ride quality and superior control.
Based on system, the semi-active suspension system segment is anticipated to grow faster during the forecast period.On the basis of system, the market is segmented into semi-active suspension system, active suspension system, passive suspension system and adaptive system. The semi-active suspension segment is projected to grow faster during the forecast period owing to the fuel efficiency regulations in the developed regions and increase in stringency of emissions.
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By geography, North America is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is experiencing a dominant position in the automotive suspension market. This is mainly attributed to the technological advancements and increase spending and high investment in automotive due to the rising consumer incomes.
The key players in this market are Continental AG, Tenneco Inc, Gabriel India Limited, ThyssenKrupp AG, Hitachi, Mando Corporation, Fox Factory, Inc., KYB Corporation, Hendrickson, Rassini, Wabco and Magneti Marelli S.p.A.
The research provides in-depth analysis of the global Automotive Suspension market numerous growth opportunities and segmentation by types, applications, end-users, and geography. In terms of drivers, restraints, opportunities, trends, and the competitive landscape, the research provides a solid platform for users who want to enter the global market. The study also goes into great detail about the supply and demand analyses, as well as main industry players' participation and market share growth data. The sales margin, pricing, revenue share, and gross margin are all calculated in detail. The report contains an accurate simulation of industry insight, smart solutions, practical solutions, and the latest technology to provide a better user experience. The global Automotive Suspension market research includes a complete breakdown of regional break-up, status, leading growth rate, country market shares, and future technologies.
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