Vehicle Suspension Market
Vehicle Suspension Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0581
Segments Covered
By
Component Type Coil Spring, Leaf Spring, Air Spring, Shock Absorber, Other Components
-
By
Type Passive Suspension, Semi-active Suspension, Active Suspension
-
By
Vehicle Type Passenger Car, Commercial Vehicle
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
35.43 Billion |
 Revenue 2028:
|
51.38 Billion |
 Revenue CAGR
(2021 - 2028): |
4.10% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
| Sr. No. | Offering | Report Coverage |
| 1. | Market Size | In terms of Revenue (USD Million) |
| 2. | Historic Data | 2015 to 2019 |
| 3. | Forecast Data | 2021 to 2028 |
| 4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
| 5. | Market Attractiveness Analysis | Yes |
| 6. | Segment Analysis | Maximum Segments |
| 7. | Regional Coverage | 5 Regions |
| 8. | Country Coverage | Top 22 Countries |
| 9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
| 10. | Porter’s Five Forces Analysis | Yes. |
| 11. | Value Chain Analysis | Yes |
| 12. | PEST Analysis | Yes |
| 13. | Regulatory Landscape | Yes |
| 14. | Technology Landscape | Yes |
| 15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
| 16. | Top startups to watch out for | Yes |
| 17. | Top 3 Trends to Watch | Yes |
| 18. | Top 3 Strategies Followed by Major Players | Yes |
| 19. | Top 3 Predictions by Vantage Market Research | Yes |
| 20. | Discussion Guide | Yes |
| 21. | Key Primary Respondents - VERBATIM | Yes |
| 22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
| 23. | Others/Miscellaneous | |
FAQ
Frequently Asked Question
What is the global demand for Vehicle Suspension in terms of revenue?
-
The global Vehicle Suspension valued at 35.43 Billion in 2020 and is expected to reach 51.38 Billion in 2028 growing at a CAGR of 4.10%%.
Which are the prominent players in the market?
-
The prominent players in the market are Benteler, Mando, KYB, Magneti Marelli, Thyssenkrupp, Tenneco, Sogefi, Continental, BHK Springs, ZF..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.10%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Vehicle Suspension include
- The increase in demand for vehicle comfort and safety by the consumers is anticipated to augment the vehicle suspension market during the forecast period. The demand for SUVs has witnessed a significant growth in the past few years. This is owing to the low cost, compact size, advanced designs, and better manoeuvrability of these vehicles. This has also increased the installation of multilink suspensions in the automobiles. Due to the employment of independent suspension at the front and rear wheel in SUVs, the demand for independent suspension systems are growing. Hence, the increasing demand for comfort and luxury is anticipated to increase the demand and growth for vehicle suspension systems market.
- The rising sale of electric vehicles is anticipated to augment the global vehicle suspension market in the years to come. This is attributable to the government subsidies and purchase shares on non-electric vehicles in huge cities. Furthermore, the presence of major companies in electric vehicle sector, such as Nissan, Tesla, Chevrolet and Toyota, among others mainly in the United States, United Kingdom, Germany, and China is anticipated to support the growth of the market over the forecast period.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Vehicle Suspension in 2020.
