Global Automotive Suspension Market Likely to Experience a Sustainable Growth of 4.3% CAGR Over the Next Five Years and Reach $64 Billion in 2021, as per a New Report from Stratview Research

DETROIT, Michigan, February 2, 2017 /PRNewswire/ --

Stratview Research  announces the launch of a new research report on Global Automotive Suspension Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial Vehicle), by System Type (Passive, Semi-Active, Active, and Air Suspension), by Architecture Type (Dependent and Semi-Independent / Independent), by Damping Type (Hydraulic / Pneumatic and Electromagnetic), by Component Type (Coil Spring, Leaf Spring, Air Spring, Shock Absorber, Strut, Control Arm, Ball Joint, and Others), and by Region (NA, Europe, APAC, ROW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 - 2021

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This exhaustive market report, from Stratview Research, is of 386 pages with 230 figures and 38 tables. It studies the suspension market in the global automotive industry over the period 2010 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Suspension Market in the Global Automotive Industry: Highlights 

As per Stratview Research, the global suspension market offers an excellent growth of 4.3% CAGR during the forecast period and reach an estimated $64 billion in 2021, which offers an opportunity to the automotive industry players to align themselves with the market growth.

There are several factors bolstering the growth of suspension system in the global automotive industry. The author of the report cited growing global economy and rising per capita income, increasing annual production of passenger cars, light, and medium & heavy duty commercial vehicles, increasing fleet size of passenger cars, light, and medium & heavy duty commercial vehicles, increasing need for lightweight suspension system owing to stringent regulations, such as CAFE Standards and EU Legislation on emission reduction targets, and increasing customer expectations related to vehicle comfort, safety, stability, and control; as some of the key factors driving the automotive suspension market.  

Automotive suspension system includes many components, such as shock absorbers (also known as dampers), struts, leaf springs, coil springs, control arms, ball joints, stabilizer bars, torsional bars, air springs, air compressors, etc. Shock absorber is expected to remain the largest component type in the global automotive suspension market over the next five years. It is also likely to witness a healthy growth during the same period, driven by an increasing demand of electromagnetic shock absorbers.

The global automotive suspension market is highly dominated by passenger car segment (driven by high annual production of passenger cars, large passenger car fleet size, increasing demand of lightweight suspension components, and continuous advancement in suspension components), followed by LCV, M&HCV. Passenger car is expected to remain the largest segment for automotive suspension over the next five years as well, and the segment is also likely to witness the highest growth during the same period.

As per the study, semi-independent / independent architecture dominated the global automotive suspension market in 2015 in terms of value, followed by dependent architecture. Double wishbone & multi-link, MacPherson, and twist beam are the major semi-independent / independent architecture types. Air suspension and double wishbone & multi-link are expected to witness the highest growth over the next five years, respectively.

In terms of region, Asia-Pacific dominated the global automotive suspension market in 2015 in terms of value, followed by Europe and North America, respectively. RoW is likely to be the fastest growing region, driven by expected recovery of Brazilian automotive industry after 2016, and upcoming assembly plants in the Middle East and Africa.

The report suggest that the global automotive suspension market is moderately consolidated with presence of more than 200 global as well as regional players. Top 10 players (ZF Friedrichshafen AG, ThyssenKrupp AG, Benteler International AG, Magneti Marelli S.p.A., KYB Corporation, Tenneco Inc, Mubea Fahrwerksfedern GmbH, NHK Springs Co., Ltd, Mando Corp, and Rassini) together constituted approximately 40% of the market in 2015. All of them have vast product portfolio, an excellent product development capability, wide geographical reach, an excellent distribution network, and an excellent customer base.

Report Features 

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

This report studies automotive suspension market and has segmented the market in six ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the six ways in which the market is segmented:

Global Automotive Suspension Market by Vehicle Type: 

• Passenger Car (Regional Analysis: NA, Europe, APAC, and RoW)
• Light Commercial Vehicle (Regional Analysis: NA, Europe, APAC, and RoW)
• Medium & Heavy Commercial Vehicle (Regional Analysis: NA, Europe, APAC, and RoW)

Global Automotive Suspension Market by System Type: 

• Passive Suspension System (Regional Analysis: NA, Europe, APAC, and RoW)
• Semi-Active Suspension System (Regional Analysis: NA, Europe, APAC, and RoW)
• Active Suspension System (Regional Analysis: NA, Europe, APAC, and RoW)
• Air Suspension System (Regional Analysis: NA, Europe, APAC, and RoW)

Global Automotive Suspension Market by Architecture Type: 

• Dependent (Regional Analysis: NA, Europe, APAC, and RoW)
• Semi-Independent / Independent (Regional Analysis: NA, Europe, APAC, and RoW)

Global Automotive Suspension Market by Damping Type: 

• Hydraulic/Pneumatic (Regional Analysis: NA, Europe, APAC, and RoW)
• Electromagnetic / Independent (Regional Analysis: NA, Europe, APAC, and RoW)

Global Automotive Suspension Market by Component Type: 

• Coil Spring (Regional Analysis: NA, Europe, APAC, and RoW)
• Leaf Spring (Regional Analysis: NA, Europe, APAC, and RoW)
• Air Spring (Regional Analysis: NA, Europe, APAC, and RoW)
• Shock Absorber (Regional Analysis: NA, Europe, APAC, and RoW)
• Strut (Regional Analysis: NA, Europe, APAC, and RoW)
• Control Arm (Regional Analysis: NA, Europe, APAC, and RoW)
• Ball Joint (Regional Analysis: NA, Europe, APAC, and RoW)
• Other Components (Regional Analysis: NA, Europe, APAC, and RoW)

Global Automotive Suspension Market by Region: 

• North America (Country Analysis: USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, UK, Italy, Russia, and Rest of the Europe)
• Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and Rest of Asia-Pacific)
• Rest of the world (Country Analysis: Brazil, Argentina, and Others)

Stratview Research has several high value market reports in the automotive industry. Please refer to the following link to browse through our reports:  

Click Here for Other Reports from Stratview Research in the Automotive & Transportation Industry

Related premium market reports in the automotive industry are: 

Global Automotive Leaf Springs Market by Vehicle Type, by Spring Type, by Material Type, by Manufacturing Process, by Location, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016-2021

Global Automotive Composite Leaf Springs Market by Vehicle Type, by Installation Type, by Location Type, by Manufacturing Process, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 - 2021

Global Automotive Composite Suspension Components Market by Component Type by Vehicle Type, by Manufacturing Process, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 - 2021

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