Automotive Suspension Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

Automotive Suspension Market size surpassed USD 549.6 billion in 2019 and is estimated to exhibit over 7% CAGR between 2021 and 2027.

The car suspension system is an important part of the vehicle that helps prevent damage to vehicle components and ensure safety for a comfortable ride. The car suspension consists of springs, shock absorbers and wishbones that help filter out any force between the body and the road. It also isolates the vehicle from high-frequency vibrations caused by tire excitation. The car suspension provides excellent ride and handling performance and allows the vehicle to respond positively to the control that the tires generate during braking and acceleration.

Key Market Segments:

By System

• Passive System
• Semi Active/Active System

By Component

• Spring
• Shock Dampener
• Struts
• Control Arms
• Ball Joint
• Leaf Spring
• Air Compressor

Key Market Players

The major players in the automotive suspension system market are identified as ZF (Germany), Tenneco (US), KYB (Japan), Continental (Germany), Magneti Marelli (Italy), Mando (South Korea), NHK Spring (Japan), ThyssenKrupp (Germany), Sogefi (Italy), and Benteler (Austria).

Scope of the Report

The research study analyzes the global Automotive Suspension industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Suspension Market Report

1. What was the Automotive Suspension Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of the Automotive Suspension Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Suspension Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.