Market Overview:

The Automotive Suspension Market functions as a vital automotive industry component which improves vehicle stability and handling while providing passenger comfort. The designed suspension systems work to absorb shocks and reduce vibrations and provide better road grip which results in improved safety and driving experience. The market provides passive and semi-active and active suspension systems which serve passenger cars and light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). Electronic suspension systems and air suspension and adaptive damping systems represent recent technological advancements which enhance vehicle performance.

Key players:

Friedrichshafen, Germany, Continental AG, Magna International Inc., Tenneco Inc., Thyssenkrupp AG, KYB Corporation, Bilstein (thyssenkrupp), Hitachi Astemo, Ltd., BWI Group, Sogefi Group, Denso Corporation, Gabriel India Limited.

Sample Link- https://www.trendbridgeinsights.com/industry-report/automotive-suspension-market

Market segmentation:

System Type

• Passive Suspension
• Semi Active Suspension
• Active Suspension

Vehicle Type

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy commercial vehicles (HCV)

Region Analysis:

North America stands as the largest market for automotive suspension because the region has a thriving automotive sector alongside continuous technological developments. The United States along with Canada stands at the forefront in integrating modern suspension technology into passenger vehicles and SUVs and light trucks. The region dedicates substantial funds to electronic damping systems and adaptive suspensions because of its strong presence of leading automakers and high demand for premium vehicles to enhance driving comfort and safety.

Recent

In April 2024, Tesla launched its Track Mode V3, which now integrates motor controls, suspension controls, powertrain cooling, and Tesla's Vehicle Dynamics Controller (VDC) under a single, unified system. This model has a custom-tuned suspension, Track Mode V3, and ludicrous acceleration.

F&Q:

Q1. What is the estimated industry size of automotive suspension?

The global automotive suspension market was valued at $61,566.0 million in 2022, and is projected to reach $96,562.1 million by 2032, registering a CAGR of 4.7%.

Q2. What are the upcoming trends of automotive suspension market in the world?

Growing demand for luxury & comfort in vehicles and development of advanced suspension systems are the upcoming trends of Automotive Suspension Market.

Q3. What is the leading application of automotive suspension market?

Air Suspension is the leading application of Automotive Suspension Market.

Q4. Who are the major players operating in the automotive suspension market?

The major players operating in the automotive suspension market are Tenneco Inc., Continental AG, ZF Friedrichschafen AG, Schaeffler AG, Sogefi SpA, Magneti Marelli SpA, KYB Corporation, ThyssenKrupp AG, Mondo Corporation, BENTELER International AG.

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