Automotive Suspension Market Report
Automotive Suspension Market Report
Straits Research has published a new report on the Automotive Suspension Market, providing insights into the market's growth prospects, emerging trends, and key players.
Automotive Suspension Market Size
The global Automotive Suspension Market size was valued at USD 60,413.32 Million in 2022 and is projected to reach from USD XX Million in 2023 to USD 78825.68 Million by 2031, growing at a CAGR of 3% during the forecast period (2023–2031).
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Automotive Suspension Market Catalysts for Expansion
The Automotive Suspension Market is driven by several factors, including the increasing demand for comfort and safety in vehicles, the growing trend of vehicle electrification, and the rising adoption of advanced suspension systems. Additionally, the increasing focus on reducing vehicle weight and improving fuel efficiency is also driving the demand for advanced suspension systems.
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Automotive Suspension Market Segment Breakdown
The Automotive Suspension Market is segmented based on system, component, geometry, suspension type, and vehicle type.
By System
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Passive System: The passive system segment is expected to dominate the market during the forecast period.
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Semi-Active/Active System: The semi-active/active system segment is expected to grow at a higher CAGR during the forecast period.
By Component
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Spring: The spring segment is expected to dominate the market during the forecast period.
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Shock Dampener: The shock dampener segment is expected to grow at a higher CAGR during the forecast period.
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Struts: The struts segment is expected to grow at a moderate CAGR during the forecast period.
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Control Arms: The control arms segment is expected to grow at a moderate CAGR during the forecast period.
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Ball Joint: The ball joint segment is expected to grow at a moderate CAGR during the forecast period.
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Air Compressor: The air compressor segment is expected to grow at a higher CAGR during the forecast period.
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Leaf Spring: The leaf spring segment is expected to grow at a moderate CAGR during the forecast period.
By Geometry
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Dependent: The dependent segment is expected to dominate the market during the forecast period.
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Semi-Dependent: The semi-dependent segment is expected to grow at a higher CAGR during the forecast period.
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Independent: The independent segment is expected to grow at a moderate CAGR during the forecast period.
By Suspension Type
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Hydraulic Suspension: The hydraulic suspension segment is expected to dominate the market during the forecast period.
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Air Suspension: The air suspension segment is expected to grow at a higher CAGR during the forecast period.
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Leaf Spring Suspension: The leaf spring suspension segment is expected to grow at a moderate CAGR during the forecast period.
By Vehicle Type
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Two-Wheeler: The two-wheeler segment is expected to grow at a moderate CAGR during the forecast period.
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Passenger Cars: The passenger cars segment is expected to dominate the market during the forecast period.
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Commercial Vehicles: The commercial vehicles segment is expected to grow at a higher CAGR during the forecast period.
Market Segmentation: https://straitsresearch.com/report/automotive-suspension-market/segmentation
Top Performing Companies
The top performing companies in the Automotive Suspension Market include:
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Continental AG: Continental AG is a leading manufacturer of automotive suspension systems, with a strong presence in the global market.
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Fox Factory Inc.: Fox Factory Inc. is a leading manufacturer of automotive suspension systems, with a strong presence in the global market.
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Gabriel India Limited: Gabriel India Limited is a leading manufacturer of automotive suspension systems, with a strong presence in the Indian market.
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Hendrickson USA L.L.C.: Hendrickson USA L.L.C. is a leading manufacturer of automotive suspension systems, with a strong presence in the global market.
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KYB Corporation: KYB Corporation is a leading manufacturer of automotive suspension systems, with a strong presence in the global market.
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Mando Corporation: Mando Corporation is a leading manufacturer of automotive suspension systems, with a strong presence in the global market.
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Sogefi S.P.A.: Sogefi S.P.A. is a leading manufacturer of automotive suspension systems, with a strong presence in the global market.
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Tenneco INC.: Tenneco INC. is a leading manufacturer of automotive suspension systems, with a strong presence in the global market.
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Wabco: Wabco is a leading manufacturer of automotive suspension systems, with a strong presence in the global market.
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ZF TRW: ZF TRW is a leading manufacturer of automotive suspension systems, with a strong presence in the global market.
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