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Vehicle Suspension Market

Vehicle Suspension Market

Vehicle Suspension Market Global Industry Assessment & Forecast

# Pages:

151

Base Year:

2021

Nov - 2021

Format:

Report Code:

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 YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 35.43 Billion
Revenue 2028Revenue 2028: 51.38 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 4.10%
Fastest Growing Region 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

The report delivers an acute breakdown of the market based on various segments such as Component Type, Type, Vehicle Type and Region. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecast, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Component Type, the market is divided into Coil Spring, Leaf Spring, Air Spring, Shock Absorber, Other Components. Leaf Spring held the largest share in 2020 and is projected to grow at a noteworthy CAGR within the forecast period.

Based on Type, the market is divided into Passive Suspension, Semi-active Suspension, Active Suspension. Semi-active Suspension attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Vehicle Suspension Market: Component Type Segment Analysis

    • Coil Spring
    • Leaf Spring
    • Air Spring
    • Shock Absorber
    • Other Components

Global Vehicle Suspension Market: Type Segment Analysis

    • Passive Suspension
    • Semi-active Suspension
    • Active Suspension

Global Vehicle Suspension Market: Vehicle Type Segment Analysis

    • Passenger Car
    • Commercial Vehicle
FAQ
Frequently Asked Question
  • 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%%.

  • The prominent players in the market are Benteler, Mando, KYB, Magneti Marelli, Thyssenkrupp, Tenneco, Sogefi, Continental, BHK Springs, ZF..

  • The market is project to grow at a CAGR of 4.10%% between 2021 and 2028.

  • 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.

  • Asia Pacific was the leading regional segment of the Vehicle Suspension in 2020.