The Automotive Suspension Market size was valued at USD 42.51 Billion in 2023 and the total Automotive Suspension Market size is expected to grow at a CAGR of 3.3 % from 2024 to 2030, reaching nearly USD 53.36 Billion in 2030.

Automotive Suspension Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Automotive Suspension Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Automotive Suspension market by thorough analysis, and projections are made up to 2030.

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Automotive Suspension Market Scope and Methodology:

The Automotive Suspension market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Automotive Suspension market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Automotive Suspension market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Automotive Suspension market were developed. The study provides a thorough value chain analysis that clarifies the Automotive Suspension production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Automotive Suspension market on a global and micro level.

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Automotive Suspension Market Regional Insights :

The size and trends in the Automotive Suspension market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

Automotive Suspension Market Segmentation:

by System

Active
Passive
Semi-active

According to the system, in 2023, the automotive suspension market's largest market share is approximately 42.4%, held by the passive system segment. The segment is anticipated to keep its dominance until 2030 and increase at a compound annual growth rate (CAGR) of 3.3% over the projected period, per the MMR research. Its broader application in a variety of vehicles, including passenger automobiles and commercial vehicles, is what accounts for the passive system category. Because of their straightforward design and reduced maintenance requirements, passive systems are quite popular on the market and are therefore a desirable option for manufacturers.

by Component

Air Compressor
Shock Dampener
Struts
Control Arm
Others

by Suspension Type

Hydraulic Suspension
Air Suspension
Leaf Spring

In 2023, the Leaf Spring held the biggest market share in the automotive suspension industry, and it is anticipated to continue to do so until 2030. The dominance of Leaf Springs in the automotive suspension market is oues to their longevity, cost-effectiveness, and extensively employed in many vehicle types such passenger cars, trucks, and containers. Manufacturers and consumers like leaf springs because they provide robust support, efficiently absorb shocks, and need less upkeep.

by Vehicle Type

Two-wheelers
Passenger Cars
Commercial Vehicles

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Automotive Suspension Market Key Players:

North America:
1. Tenneco Inc. (U.S.)
2. Borgwarner Inc. (U.S.)
3. FOX Factory, Inc. (U.S)
4. Hendrickson USA LLC.

Europe:
1. ZF Friedrichshafen AG (Germany)
2. Continental AG (Germany)
3. Thyssenkrupp AG (Germany)
4. Sogefi S.P.A (Italy)
5. Bilstein Group ( Germany)
6. Magneti Marelli S.P.A. (Italy)
7. Benteler International AG (Austria)

Asia Pacific:
1. Marelli Corporation (Japan)
2. KYB Corporation (Japan)
3. NHK Spring (Japan)
4. HL Mando Corporation (South Korea)
5. Gabriel India Ltd. (Anand Group)
6. Showa Corporation ( Japan)
7. BWI Group (China)

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Key questions answered in the Automotive Suspension Market are:

• What is Automotive Suspension?
• What was the Automotive Suspension market size in 2023?
• Which are the factors expected to drive the Automotive Suspension market growth?
• Who are the leading companies and what are their portfolios in Automotive Suspension Market?
• What growth strategies are the players considering to increase their presence in Automotive Suspension?
• What are the upcoming industry applications and trends for the Automotive Suspension Market?
• What will be the CAGR at which the Automotive Suspension market will grow?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Suspension Market?
• What are the different segments of the Automotive Suspension Market?
• What is the growth rate of the Automotive Suspension Market?
• What segments are covered in the Automotive Suspension Market?
• Who are the key players in the Automotive Suspension market?
• What are the key challenges and opportunities in the Automotive Suspension market?
• Which application holds the highest potential in the Automotive Suspension market?

 Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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