Reports - Automotive Suspension Market
Automotive Suspension Market Size, Share & Trends Analysis Report by Suspension Type (Hydraulic Suspension, Air Suspension, Leaf Spring Suspension) by System Type (Passive System, Semi Active/Active System) by Vehicle Type (Two-wheeler, Passenger Cars, Commercial Vehicle) by Component (Springs, Shock Absorbers/Dampeners, Control Arms, Ball Joints, Others) by Geometry (Dependent, Semi Independent, Independent) by Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa) - Global Industry Assessment (2018 - 2023) & Forecast (2024 - 2032)
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USD 46.1 Billion
USD 63.4 Billion
3.00%
Asia Pacific
Europe
2024
2021 - 2023
2025 - 2035
By Suspension Type, By System Type, By Vehicle Type, By Component, By Geometry, By Region
The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.
The global Automotive Suspension Market is valued at USD 46.1 Billion in 2024 and is projected to reach a value of USD 63.4 Billion by 2035 at a CAGR (Compound Annual Growth Rate) of 3.00% between 2025 and 2035.
The Asia Pacific Automotive Suspension market exhibited noteworthy dominance in 2024, with 39.2% of the market share. Technological progress and changing consumer preferences have led to a dynamic landscape in the Asia Pacific Automotive Suspension market. Due to the growth of the regions automobile industry, particularly in countries such as China, Japan and India, there is a strong demand for effective suspension systems. Factors such as the urbanization, higher disposable income, and rise in awareness about vehicle safety are fuelling growth in the market. In addition, it is essential to develop new suspension solutions for EVs and hybrids in order to take into account their unique characteristics of driving. To meet the diverse needs of the Asia Pacific car industry, key players on the market are continuously investing in R&D with a view to developing lighter, durable and high-performance suspensions components.
This forecast implies a significant increase in the compound yearly growth rate of 3.8% between 2024 and 2032, according to this projection. In April 2023, Chinas BYD made a strategic move by introducing its self-developed chassis suspension system, the BYD DiSus Intelligent Body Control System. This innovation is an indication of BYDs efforts to raise its electric cars into the luxury segment, and mirrors premium offerings such as Porsches Dynamic Chassis Control or Mercedes Benz' Magic Body Control. Initially deployed in the upscale off-road SUV Yangwang U8, the DiSus system will subsequently feature in BYDs Han, Tang, and Denza models, underscoring BYDs commitment to technological advancement and product differentiation.
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The global Automotive Suspension market can be categorized as Suspension Type, System Type, Vehicle Type, and Region.
Parameter | Details |
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Segment Covered | By Suspension Type
By System Type
By Vehicle Type
By Component
By Geometry
By Region
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Companies Covered |
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In 2024, substantial expansion was observed in the Global Automotive Suspension market within the Hydraulic Suspension category, commanding a market share of 50.2%. The Suspension Type segment is divided into Hydraulic Suspension, Air Suspension, and Leaf Spring Suspension. A major component of the global Automotive Suspension market is the hydraulic suspension segment. It is capable of absorbing shocks and vibrations on uneven roads with effective absorption, thus providing a pleasant ride for the driver. In particular in the premium and luxury vehicle segments, this segment is growing steadily because of its ability to improve driving experience as a whole. The reliability and durability of hydraulic suspension systems are sought by many vehicle manufacturers in the world, which is why they are considered to be most suitable for their production.
Substantial growth was seen in the Passive System segment in 2024, i.e., 54.5% of revenue share. Based on the System Type, the Automotive Suspension market is divided into Passive System and Semi Active/Active System. One of the main players in the global market for vehicle suspension systems, which ensures absolute stability and control without being subject to active intervention, is a passive system segment. It provides a simple and cost-effective solution for the suspension needs of vehicles, on the basis of engineering principles. A wide range of vehicles, from budget cars to commercial trucks that offer reliability and simplicity in design, is covered by this category. The passive system segment continues to be a cornerstone in the automotive sector, as it is widely adopted across all vehicle categories.
There was a major growth in the Passenger Cars segment in 2024, over 46.4% of the market share. Based on the Vehicle Type, the Automotive Suspension market is segmented into Two-wheeler, Passenger Cars, and Commercial Vehicle. The Passenger Cars segment in the Global Automotive Suspension market represents a substantial portion of the industry, catering to suspension systems specifically designed for personal transportation vehicles. Characterized by a diverse range of models and consumer preferences, this segment emphasizes comfort, stability, and safety. Manufacturers continuously innovate to enhance ride quality and handling characteristics, incorporating technologies such as adaptive damping, air suspension, and electronic control systems. With a growing demand for smoother rides and improved driving dynamics, passenger car suspension systems are evolving to meet evolving customer expectations.
The global Automotive Suspension market in EU5 countries, comprising Germany, France, the UK, Italy, and Spain, exhibits a significant demand for suspension systems, with Germany leading imports from Developing Countries (DCs), followed by the UK and France. Market growth is particularly notable in Germany, the UK, and Spain, driven by a shift towards advanced suspension systems like air and acoustic suspension, presenting lucrative opportunities for manufacturers. Compliance with stringent European safety standards and legislation, along with adherence to quality standards such as ISO/TS 16949, is imperative, necessitating the use of high-quality materials such as steel and aluminum in suspension production. Manufacturers must meet the evolving demands of the EU5 market with a variety of components, including coil springs, air springs, shock absorbers and so on, in order to ensure durability, safety and performance that meets consumer needs effectively.
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In January 2024, Tenneco’s world-renowned Öhlins Racing unveiled its cutting-edge SmartEC3™ Electronic Suspension on the 2024 Honda CBR1000RR-R Fireblade SP superbike at the prestigious EICMA motorcycle show in Milan, Italy. This marks the debut of Öhlins' third-generation semi-active suspension technology, setting a new standard in motorcycle performance. The Fireblade SP, packed with racing-focused upgrades, proudly leads as the first production motorcycle to integrate the SmartEC3 suspension. Öhlins SmartEC3™ seamlessly blends top-notch suspension components with advanced electronic controls, continually optimizing damping characteristics based on rider behavior and environmental inputs. Riders can effortlessly switch between four semi-active suspension modes – Sport, Track, Rain, and Manual – catering to varying conditions and preferences.
A significant advance in the technology of vehicle chassis is made by Continental AGs electronic suspension system (ESS). ESS offers drivers unparalleled safety, comfort and dynamic handling thanks to advances in electronics and advanced bellow technologies. By autonomously adjusting damper settings, suspension levels, and vehicle height, ESS adapts seamlessly to diverse driving conditions and load variations. A wide range of vehicles, such as luxury sedans, SUVs, station wagons and passenger cars, with each air spring system specially adapted to the specific vehicle models are covered by this complete solution in terms of design.
The competitive landscape on the Global Automotive Suspension Market is characterised by an intense rivalry among major players seeking to gain market shares through innovation and strategic partnerships. Companies such as ZF Friedrichshafen AG have gained a strong foothold by offering a wide range of suspension solutions that are adapted to respond to changing customer needs. Factors such as product performance, reliability, cost effectiveness and aftersales support are being fought for by market players. In addition, strategies for increasing market presence and enhancing technical competences are commonly followed by mergers and acquisitions.
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