Global Automotive Suspension Market 2024-2030

    In Stock

    AUTOMOTIVE SUSPENSION MARKET

     

    KEY FINDINGS

    1. COVID-19 has shrunk global auto production by ~17% i.e., from ~90M vehicles in 2019 to ~75M vehicles in 2020 and the auto suspension market will be directly impacted due to the contraction
    2. Declining vehicle refresh timelines and generation upgrades coupled with higher demand for SUVs/crossovers will remain, a fundamental growth driver.
    3. McPherson struts in Front and Multi-link rear suspension remain the most preferred setup in the fast-growing SUV segment across many automakers and regions
    4. Higher penetration of air suspension and dynamic chassis control products in the premium segment will drive Dollar content per vehicle for suppliers
    5. The automotive suspension market is and will remain highly consolidated with EBITDA margins being less than 6% for most suppliers

     

    INTRODUCTION TO THE AUTOMOTIVE SUSPENSION MARKET

    Suspension is a critical aspect of every automobile as ride quality is a key parameter considered by many car buyers. As product refresh and facelift timelines keep shrinking in a bid to keep the consumer involved, we expect many vehicles will undergo significant suspension upgrades in the coming years.

    infographic: automotive suspension systems market, automotive suspension coil springs market, automotive shock absorber market growth, advanced suspension control system market trends, automotive active suspension system market , automotive shock absorber market growth, advanced suspension control system market trends, advanced suspension control system market size, automotive adaptive suspension system market, automotive shock absorber market, Automotive Suspension Market, automotive suspension system market size, automotive suspension market trends and forecast, automotive suspension market risks, automotive suspension market report

    To know more about Global Electric Vehicle Suspension Market, read our report

     

    MARKET DYNAMICS IN AUTOMOTIVE SUSPENSION MARKET

     

    SI No Timeline Developments
    1 Q4-2021 Apple is working on Project Titan, for the development of fully autonomous vehicles and received a patent from the U.S. Patent and Trademark Office for its new Suspension System which adjusts the height of the vehicle’s body by lowering and locks it when the person enters or exits the vehicle.
    2 Q4-2021 Automotive components manufacturer located at Opelika, US invested $8.9 million to expand its manufacturing facility operations by adding more jobs to produce suspension systems and brake calipers.

     

    US AUTOMOTIVE SUSPENSION MARKET

     

    As of Apr 2021, 304 vehicles are on sale in US from 35 OEMs. The average B-2-B price for automotive suspension in US market is 2X of emerging markets due to two reasons .

     

    High share of SUV/crossover and pickups in new car sales which require robust suspension as standard 2. More than 40 vehicles are offered with Air suspension as standard or optional extra.

     

    US auto sales declined by 14% in 2020, due to COVID-19 and only expected to recover to pre-crisis level by 2022. US auto suspension market is among the most matured market globally, with OEMs offering variety of Suspension choices as per vehicle segment.

     

    In Chevrolet SUVs, Macpherson Strut suspension commonly seen. In Ford’s high-end SUVs 4-wheel independent suspension is most commonly fitted.

     

    In Toyota vehicles too, Macpherson strut front suspension is quite common, however in high performance vehicles such as 4Runner front suspension is of double wishbone and few of the variants have Kinetic Dynamic Suspension System (KDSS)

     

    For Example, in the high margin Pickup truck segment

    • RAM 1500 has Multi-link rear suspension as standard and Air suspension as an optional package on 5 out of 7 variants
    • Chevrolet Silverado 1500`s live axle rear suspension includes 2-stage, semi elliptic multi-leaf springs. The optional package includes 2-inch factory lift and monotube shocks
    • Ford F-150 has Double wishbone front suspension and leaf-spring rear suspension with outboard-mounted shock absorbers

     

    Info Graphic: automotive suspension coil springs market, automotive shock absorber market growth, advanced suspension control system market trends, automotive active suspension system market , automotive shock absorber market growth, advanced suspension control system market trends, advanced suspension control system market size, automotive adaptive suspension system market, automotive suspension systems market, global automotive suspension market, Automotive Suspension Market, car suspension system market

     

    Jeep- the SUV/off-road vehicle specialist offers Air suspension on Grand Cherokee,

     

    infographic: automotive suspension system market, automotive suspension systems market, Automotive Suspension Market, Automotive Suspension Market Size, Automotive Suspension Market Trends, Automotive Suspension Market Forecast, Automotive Suspension Market Risks, Automotive Suspension Market Report, Automotive Suspension Market Share

     

    Among Japanese OEMs, Honda offers rear multi-link suspension on all top-selling vehicles. Subaru offers 4-wheel independent raised suspension with front strut type and rear Double wishbone suspension

     

    EUROPE AUTOMOTIVE SUSPENSION MARKET

     

    Europe is the second most fragmented market after China, where the top 30 vehicles sold comprised just 41% of new car sales in 2019.

     

    Among mass market vehicles, Dacia (the Romanian budget brand of Renault) and Renault offer Flexible axle with Front– MacPherson-type with rectangular lower arm and Rear anti roller bar programmed deflection and coil springs as a standard fitment on two of its best-sellers, Duster and Sandero.

     

    Toyota Yaris, the only vehicle from Toyota to make it to the top 30 best-selling list has a McPherson strut front and torsion beam rear suspension.

     

    VW offers Dynamic Chassis control (Suspension system which adjusts damping based on road conditions as an optional extra on many best-sellers at an optional extra (~$1,200).

     

    Citroën launched Citroën Advanced Comfort® programme in 2016 where it added two hydraulic stops i.e., one for rebound and one for compression, so that the suspension can now better adapt to the road surface.

    infographic : automotive suspension systems market, automotive suspension coil springs market, automotive shock absorber market growth, advanced suspension control system market trends, automotive active suspension system market , automotive shock absorber market growth, advanced suspension control system market trends, advanced suspension control system market size, automotive adaptive suspension system market, Automotive Suspension Market, automotive suspension system market size, automotive suspension market trends and forecast, automotive suspension market risks, automotive suspension market report

    In 2014, Audi teamed up with an Italian supplier to develop a lightweight coil spring made of fiberglass-reinforced polymer. The four new coils provided a weight savings of about ~5 Kg per car.

     

    The premium German OEMs continue to rely on Multi-link suspension with Air suspension offered as a paid extra on many higher segment vehicles.

     

    Mercedes has launched the 2021 S-Class with air suspension as standard. The E-Active Body Control active suspension system is also available as an option. The new S-class stands out in the sense that It now incorporates a new function through the safety systems by which it can raise the body height by 80mm if there is an impending side impact. 

      

    CHINA AUTOMOTIVE SUSPENSION MARKET

     

    95 OEMs exist in the Chinese market with more than 1,500 models in their portfolio. The Chinese passenger car market is unlike any other market where Middle- class customers get the widest array of new car choices at a reasonable price range.

     

    The Chinese government is putting in place various measures (Easy financing, Easy license plate availability) to improve demand outlook of the auto industry but the auto industry is unlikely to come back to pre-COVID levels before 2021.

     

    infographic: automotive suspension systems market, automotive suspension coil springs market, automotive shock absorber market growth, advanced suspension control system market trends, automotive active suspension system market , automotive shock absorber market growth, advanced suspension control system market trends, advanced suspension control system market size, automotive adaptive suspension system market, Automotive Suspension Market, automotive suspension system market size, automotive suspension market trends and forecast, automotive suspension market risks, automotive suspension market report

     

    The top two best-selling vehicles in China, Volkswagen Lavida and Nissan Sylphy priced in same range ($15,000-$24,000) have front McPherson Strut and Torsion rear beam setup. In the mid and high segment, many vehicles have front McPherson and Rear Multi-link setup.

     

    The best-selling domestic brand SUV, HAVAL H6 has McPherson independent suspension, Double Wishbone independent suspension.

     

    In premium best-sellers like Mercedes C Class, Audi A4, both front and rear Multi-link independent suspension is a standard fitment.

      

    INDIA AUTOMOTIVE SUSPENSION MARKET

     

    The Indian economy and car industry were already reeling due to economic slowdown and impending shift to BS6 emission norms and now COVID-19 has given a deadly blow to the market.

     

    104 vehicles from 16 OEMs are sold in India. Maruti Suzuki the market leader in India with more than 50% market share offers McPherson struts front and Torsion beam rear suspension on all cars as a standard fitment. Multi-link and Air suspension systems are almost non-existent in the market.

     

    Due to below par road conditions in India, many OEMs re-tune the suspension of their global products to suit Indian conditions.

     

    The all new, 2nd gen Mahindra Thar will now come with independent upfront and multi-link rear suspension replacing the rigid, non-independent leaf-spring rear unit from the outgoing model.

     

    Kia models which have been the top sellers since its introduction have Macpherson Strut suspension with coil spring in the front. Carnival model comes with multi-link at the rear and other 2 models Seltos & Sonet have Coupled Torsion Bar Axle (CTBA) with coil spring

     

    Macpherson Strut Suspension is common in MG models too in the country, except for latest Gloster model where the front suspension is of Dual Helix Independent type. At the rear, five link suspension is fitted in Gloster and semi-independent Helical spring type is common in other models 

     

    infographic: automotive suspension systems market, Automotive Suspension Market, Automotive Suspension Market Size, Automotive Suspension Market Trends, Automotive Suspension Market Forecast, Automotive Suspension Market Risks, Automotive Suspension Market Report, Automotive Suspension Market Share

     

    COMMERCIAL VEHICLE SUSPENSION MARKET

     

    BUS: In China, Leaf spring, bidirectional telescopic shock absorber is common on mass transit buses whereas the Intercity buses have air suspension.

     

    In Europe, electronically controlled Air suspension supplied by ZF is standard on many bus models.

     

    In India, Semi-elliptical or Parabolic Leaf Spring on both front and rear is very common. Even, the Daimler buses in India with Air suspension have just 2/4 bellows instead of 6 as found in other regions.

     

    Top 4 markets account for ~60% of M&HCV trucks sold globally. China alone accounted for ~38% of M&HCV trucks sold across the globe.

     

     

    Info Graphic: automotive suspension systems market, automotive suspension coil springs market, automotive shock absorber market growth, advanced suspension control system market trends, automotive active suspension system market , automotive shock absorber market growth, advanced suspension control system market trends, advanced suspension control system market size, automotive adaptive suspension system market, Automotive Suspension Market Size

     

    TRUCK: In Europe, DAF and IVECO have air suspension on various models.

     

    In India, light duty as well as Medium duty trucks have 4/6 leaf spring suspension setup at the rear with McPherson struts at the front.

     

    In China, Foton`s(brand owned by BAIC) Auman range of tractors has air suspension on the front and rear axles. Howo`s 6*4 tractors have 10 semi-elliptic leaf springs, hydraulic telescopic double-action shock absorbers and stabilizers.

     

    COVID IMPACT ON THE AUTOMOTIVE SUSPENSION MARKET

     

    Post H1-2020, the demand situation had improved particularly in China and the 2020 sales for passenger cars were 19.3M vehicles. Europe passenger vehicle sales declined by ~24% to 11.5M vehicles in 2020.

     

    Green shoots in the EV segment in Europe is a major encouraging factor for all auto suppliers but not in particular for the automotive suspension market.

     

    US sales in 2020 were ~14.6M vehicles, which is an excellent recovery from record lows of 10.4M in April 2020. The transaction prices per car have continued to grow in 2020, even as the pandemic rages throughout the US.

     

    The impact of the pandemic has already started to weigh in on the financials of suspension suppliers worldwide. ZF in its 2020 earnings showed a decline of 10% YOY with adjusted EBITDA dropping to 3.2%.

     

    Almost all suppliers have so far declined to give any guidance for full-year performance due to continued uncertainty in the global production environment.

     

    India was among the top 3 worst-affected countries. The country was already in the midst of an economic slowdown before COVID, but post-COVID the demand continues to recover at encouraging levels in rural markets. Annual sales for 2020 recovered in H2 and ended with 2.4M units drop by ~17%

     

    Due to the majority of nations’ lockdowns, the automobile adaptive suspension systems industry has been significantly impacted in recent months due to a drop in product demand. Since the outbreak in December 2019, these lockdowns have caused the production of autos to be temporarily halted. 

     

    Several countries have experienced curfew-like conditions in which non-authorized persons are not permitted to travel, affecting demand for autos. The demand for vehicle adaptive suspension systems is mostly driven by automobile production. 

     

    Because of their versatility and ease of usage, adaptive suspension systems are being utilised in newer vehicles. The COVID-19 epidemic has greatly impeded demand for autos; however, demand for automobiles is expected to recover in the next months as numerous countries prepare to gradually lift the lockdowns. 

     

    As a result, in the coming months, demand for vehicle adaptive suspension systems is expected to rise. The global market for automobile adaptive suspension systems is predicted to develop as new vehicle sales increase. 

     

    Over the next few years, increased demand for automobiles is expected to boost demand for automotive adaptive suspension systems.

     

    NEW PRODUCT LAUNCH IN AUTOMOTIVE SUSPENSION MARKET

     

    KONI Shocks and Eibach Springs have combined their engineering expertise to create a single, complete solution for improving ride, handling, and driver control, integrating KONI’s revolutionary FSD damper technology with Eibach’s Pro-Kit springs.

     

    The proprietary FSD system from KONI is the most recent advancement in shock absorber technology, with a new design that combines the advantages of taut body motion control and a smooth ride into one shock absorber.

     

    When the road surface is at its worst, FSD is at its best. Eibach’s Pro-Kit lowering springs decrease the ride height, reducing body roll in corners, accelerating squats, and braking nose dives.

     

    Pro-Kit also reduces tire-to-fender-well clearance, which improves the car’s cosmetic appeal. This system, when used together, gives drivers a sporty look and feel without the conventional ride harshness penalty, making it ideal for daily drivers.

     

    To produce the greatest engineering system for ride and handling quality, KONI’s FSD technology has been intended to work in tandem with Eibach’s Pro-Kit.

     

    Aftermarket performance shocks will improve a car’s overall performance, and when Eibach teams up with KONI’s FSD damper technology, we have the greatest spring and shock combination available.

     

    The driver is introduced to a designed suspension system of shocks and springs that complement each other with the KONI and Eibach combo.

     

    The major goal was the development of a new, clever suspension system for vehicles that would improve performance and stability at high speeds while reducing the impact of road disturbances on the driver.

     

    The main concept is to convert a passive suspension system that now functions normally into an active suspension system that is hydraulically controlled by a computer by simply adding a new element, such as a hydraulic cylinder.

     

    With its low cost, the new suspension system can be employed extensively in consumer cars. Analytically evaluated and modelled using various parameters were the newly added components. For the purpose of simulating a real quarter suspension system, a new test setup was put into place.

     

    The market demand is anticipated to be driven throughout the projection period by the medium-term desire for luxury vehicles and the uptake of active suspension systems.

     

    Market expansion for sensor- and electronic-based suspension systems is anticipated to be fueled by the increase in vehicle autonomy.

     

    One of the most significant changes in the business was the introduction of air suspension in cars. Automakers will need to include efficient performance components into vehicles as a result of the changing paradigm of automobile manufacturing and rising consumer expectations.

     

    OEMs are spending money on R&D to incorporate cutting-edge technologies into suspension systems, which will increase steering stability and create a more comfortable ride. The market for car suspension will advance as a result of such innovations.

     

    Modern car suspension systems have evolved into highly complicated mechatronic devices that allow the settings of viber insulation systems to be altered in order to satisfy ever-higher criteria.

     

    A range of values can be set for actuating elements to allow for the adjustment of factors related to stiffness, for example.

     

    An illustration of such a remedy is the addition of a second hydroactive suspension system zone that can be connected or uncoupled from the hydraulic suspension of the specific vehicle axle. Changes to damping parameters are, however, the most common approach.

     

    Semi-active, active, and adaptive suspension systems are always evolving, as is the case. All of the aforementioned types, as opposed to passive suspension systems, allow for the customization of suspension characteristics to match a driver’s preferences for handling and road conditions.

     

    Numerous important factors, including the system’s free vibration frequency, are impacted by the application of various suspension design techniques. As load increases, a system with a traditional passive mechanical suspension (spring) has a decrease in free vibration frequency. Frequency falls with increasing load in systems with constant gas volume springs used in pneumatic suspension, but not as dramatically as in systems without such a spring.

     

    In mechanical suspension systems, static compression of the elastic element grows with increasing load, whereas total loading reduces the range of permissible wheel travel on compression, which is one of the most significant drawbacks of such suspension systems.

     

    AUTOMOTIVE SUSPENSION MARKET SIZE AND FORECAST

     

    The global Automotive suspension market was estimated at $XX Billion in 2023, growing at –% CAGR till 2030.

     

    infographic: automotive suspension systems market, Automotive Suspension Market, Automotive Suspension Market Size, Automotive Suspension Market Trends, Automotive Suspension Market Forecast, Automotive Suspension Market Risks, Automotive Suspension Market Report, Automotive Suspension Market Share

     

     

    RECENT LAUNCH IN THE AUTOMOTIVE SUSPENSION MARKET

     

    Hendrickson launched a new suspension named HAULMAAX EX® . This suspension helps provide adaptability to the trucks and tractors when they run on highways and makes driving easy for the drivers. 

     

    The Hendrickson STEERTEK NXT Front Axle and Suspension System has now been launched by Sutphen Corporation, the nation’s biggest family-owned fire equipment manufacturer.

     

    Sutphen’s integration of the STEERTEK NXT Front Axle and Suspension System establishes the company as a market leader in mobility, ride quality, and suspension capability.

     

    When compared to conventional multi-leaf systems, it offers a progressive rate bump stop for managing high dynamic loads without harshness, spring/clamp group integration for reduced complexity and ease of serviceability, custom-tuned passive hydraulic damper, and up to 170 pounds lower weight.

     

    Enhanced wheel travel and spring steel materials result in improved ride quality and decreased spring rate, as well as an increased cramp angle that allows for maximum manoeuvrability.

     

    RECENT ADVANCEMENT IN AUTOMOTIVE SUSPENSION MARKET

     

    Active Suspension Systems: Active suspension systems continuously monitor the state of the road and instantly alter the suspension settings using sensors and electrical control units.

     

    Depending on the driving conditions, these systems can adjust the suspension’s damping rates and stiffness to maximize ride comfort and handling. Active suspension systems improve traction, decrease body roll, and increase stability.

     

    Adaptive Damping Systems: Also referred to as electronically controlled dampers, adaptive damping systems modify the damping force of the shock absorbers in response to sensor inputs.

     

    To deliver the best suspension performance, these systems can adapt to shifting road conditions, vehicle dynamics, and driver inputs. Adaptive damping systems enhance handling and ride quality by maximizing tire contact with the road and reducing body motions and vibrations.

     

    Technology developments in air suspension systems have led to better system integration with other automotive components. With the use of air springs and electronically controlled compressors, these systems can modify the ride height, improve comfort, and respond to various load scenarios.

     

    Recent research has concentrated on improving air suspension system components, control algorithm optimization, and air suspension integration with other vehicle systems including adaptive cruise control and advanced driver support systems.

     

    Aluminum, carbon fibre, and advanced composites are lightweight materials that are used in suspension components to help minimize unsprung mass, which enhances handling, ride quality, and fuel economy. Compared to conventional materials, lightweight materials have a higher strength-to-weight ratio, allowing for more design flexibility and better performance.

     

    Active Sway Bar Systems: Active sway bar systems, sometimes referred to as active roll control systems, use electronically controlled actuators to instantly change the stiffness of the anti-roll bars.

     

    These technologies improve stability vehicle handling while retaining ride comfort by actively decreasing body roll during corners. Active roll control systems offer precise control and increased agility by adjusting the stiffness of the anti-roll bars separately for each wheel.

     

    Electronic coils and sensors are used in electromagnetic suspension systems to actively manage the stiffness and damping of the suspension. These systems offer a wide range of adjustability and can react quickly to shifting road conditions.

     

    High levels of comfort, superior handling, and adaptability to diverse driving scenarios are all potential benefits of electromagnetic suspension.

     

    AUTOMOTIVE SUSPENSION MARKET COMPETITIVE LANDSCAPE

     

    SI No Timeline Company Developments
    1 Q4-2021 Tenneco Original equipment manufacturer and aftermarket products supplier Tenneco’s Advanced Suspension Technology (AST) CVSAe is used in Chinese automaker Geely’s ZEEKR 001 premium electric vehicle in China.
    2 Q2-2021 Tenneco BMW iX3 is an all electric SUV from BMW, that is featured with Tenneco’s Monroe Intelligent Suspension with CVSAe technology for the dynamic operating environment through four electronically controlled dampers. The EV will be launched by 2023.
    3 Q2-2021 Mando Corporation South Korean company Mando Corporation will supply 50 suspension units for Volkswagen. Mando will start to produce from June 2022, until 2033 with an annual capacity of 6 million units directly supplied to Europe.

    The competitive landscape of the global Automotive suspension market is regionalized as there are many regional market leaders. ZF is the market leader in the European market whereas the US market is dominated by TRW (now ZF) and Tenneco.

     

    In terms of profitability, both Tenneco and ZF have ~5-6% EBITDA margins from the suspensions/ride control market.

     

    Almost all suspension suppliers heavily rely on high-volume platforms to be profitable across all geographies.

     

    WABCO is a leading provider of air suspension for commercial vehicles and derives 54% of its revenue from truck and bus manufacturers in 2019. It supplies Electronically controlled air suspension to many Truck and Bus OEMs across the globe including Ashok Leyland, China National Heavy Truck Corporation (CNHTC), Fiat (Iveco), Hino, Paccar and TATA Motors.

     

    In April 2020, ZF completed its $7 billion acquisition of WABCO.

     

    In 2020, Tenneco suspension systems accounted for only 14% of the company’s overall revenue of $15.4B

     

    Tenneco has a diversified presence across various vehicle segments, OEMs and regions. Tenneco`s CVSAe adaptive suspension technology from its Monroe Intelligent Suspension portfolio has already been fitted on more than 50 models worldwide. The semi-active suspension technology is connected to a central ECU and it continuously senses and independently adjusts damping levels every 10 milliseconds.

     

    Tenneco also has a strong presence in the entry-level car segment, having supplied all generations of Suzuki Swift which is a top seller in Asian markets for more than a decade now. It has 7 manufacturing locations in a low-cost market like India.

     

    In January 2019, Tenneco completed the acquisition of a 90.5% ownership in “Öhlins Intressenter AB” a Swedish technology company that develops premium suspension systems and components for the automotive and motorsport industries

     

    The next generation Mercedes-AMG GT series cars will be fitted with the multi-stage adjustable damping, an advanced suspension technology from Monroe, from Tenneco’s DRiV division.

     

    The electronic suspension system comprises lightweight semi-active dampers equipped with two externally mounted electro-hydraulic valves that independently control rebound and compression.

     

    In the fast-growing EV market in Europe, Volkswagen’s new ID.3 electric is equipped with an advanced semi-active suspension from DRiV (Monroe). We believe the growth of the MEB platform based other derivatives from the VW group will further add to the top line and bottom line of Tenneco in coming years.

     

    infographic: automotive suspension systems market, Automotive Suspension Market, Automotive Suspension Market Size, Automotive Suspension Market Trends, Automotive Suspension Market Forecast, Automotive Suspension Market Risks, Automotive Suspension Market Report, Automotive Suspension Market Share

     

    In 2019, Japan’s Nissan Skyline featured Tenneco’s Intelligent Dynamic Suspension (IDS) featuring DRiV’s Continuously Variable Semi-Active (CVSAe) suspension technology.

     

    The CVSAe system automatically senses road and driving conditions and independently adjusts the four electronically controlled shock absorbers in real time for superior comfort and handling.

     

    Among other players in the market, Magneti Marelli was recently spun off by FCA and acquired by Calsonic Kansei and the new entity is now called Marelli. Marelli products can still be found on various FCA vehicles.

     

    Mando is a leading South Korean suspension manufacturer and a leading supplier to the Hyundai-KIA group.

     

    Its products include (Electronically Controlled Suspension, “ECS”), 3-stage damping force Variable Suspension System (3 Step ECS), Fuzzy Adaptive Control Suspension System, and Continuously Variable Electronic Control Suspension Time.

     

    Mando derived 17% of its annual revenue(~$0.8B) from suspension components in 2019. In recent years it has also diversified outside South Korea to supply local Chinese OEMs.

     

    POPULAR NEW PRODUCTS IN THE AUTOMOTIVE SUSPENSION MARKET

     

    Monroe (Owned by Tenneco) `s CVSAe– Continuously Variable Semi-Active Suspension (CVSA) with externally mounted electronic valve senses the road and driving conditions to independently adjust four dampers in real time for a more comfortable and controlled ride.

     

    DRiV also from Monroe is part of the Monroe Intelligent Suspension portfolio, which includes selective suspension solutions (Dual Mode) and semi-active solutions with an external valve (CVSAe), and two independent valves (CVSA2)

     

    ZF’s Optilevel Suspension System- The electronically controlled Optilevel air suspension automatically regulates the trailer’s ride height in order to reduce fuel consumption.

     

    Ford’s CCD (Continuously Controlled Damping) technology– Available as an option on 2019 Focus, monitors suspension, body, steering and braking inputs every 2ms, and adjusts comfort accordingly

     

    Audi`s Active suspension – Audi`s new generation of active suspension developed for the 2018 A8, offers a range of driving modes, made possible by a 48-volt (48V) electrical system. The fully active, electromechanical suspension system, drives each wheel individually to adapt to road conditions. Each wheel will have an electric motor, powered by the 48V main electrical system capable of generating up to 1,100Nm torque on the suspension via a coupling rod.

     

    Bilstein`s (Owned by Thyssenkrup) Dampmatic has mechanically controlled shock absorbers, from the company’s B6 portfolio of products, operating on the front axle, and working in conjunction with passive-type dampers on the rear axle. The new suspension technology was offered on a special edition 2017 Subaru Impreza

     

    infographic: automotive suspension systems market, Automotive Suspension Market, Automotive Suspension Market Size, Automotive Suspension Market Trends, Automotive Suspension Market Forecast, Automotive Suspension Market Risks, Automotive Suspension Market Report, Automotive Suspension Market Share

     

    RECENT TRENDS IN AUTOMOTIVE SUSPENSION MARKET

     

    SI No Timeline Company Developments
    1 Q4-2021 Marzocchi The Italian manufacturer of suspension components for motorcycles, Marzocchi revealed its first fully active suspension for motorcycles at the International Motorcycle and Accessories Exhibition 2021 in Italy.
    2 Q3-2021 KW Automotive Aftermarket suspension system technology supplier KW Automotive acquired the Damping Technology business unit from AL-KO Group, to expand its business. 
    3 Q3-2021 Toyota Toyota’s upcoming Tundra pickup is released in 2022 with new updates, the new model is provided with coil springs in the rear by replacing leaf springs from the old model. 

     

    THIS AUTOMOTIVE SUSPENSION MARKET REPORT WILL ANSWER THE FOLLOWING QUESTIONS

    1. Installation of Multi-link, Air suspension by OEM, 2024-2030
    2. Growth rate of Mult-link and Dynamic chassis control system, by region
    3. Average B-2-B price of Automotive Suspension Market, by geography and vehicle segment
    4. Suspension strategy by OEM (Top 5 OEMs per region)-2023
    5. COVID impact on the automotive suspension market
    6. EV market growth impact on the Automotive suspension market globally
    7. Automotive Suspension Market share of major vendors-2023, OE-supplier alignment
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
    0
      0
      Your Cart
      Your cart is emptyReturn to Shop