Global Electric Vehicle Suspension Market 2023-2030
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Global Electric Vehicle Suspension Market 2023-2030

Last Updated:  Apr 25, 2025 | Study Period: 2023-2030

GLOBAL ELECTRIC VEHICLE SUSPENSION MARKET

 

INTRODUCTION

The suspension system of a vehicle refers to the group of mechanical components that connect the wheels to the frame or body. A great deal of engineering effort has gone into the design of suspension systems because of an unending effort to improve vehicle ride and handling along with passenger safety and comfort. In the horse and buggy days, the suspension system consisted merely of a beam (axle) that extended across the width of the vehicle.

 

The one-piece axle design was utilised in early vehicles, but instead of being rotated at the centre, it was fixed to the vehicle through springs to offer shock load absorption from road imperfections. In later installations, leaf springs were replaced by coil springs. In front‐engine rear‐drive vehicles, the front beam axle was replaced by independently mounted steerable wheels

 

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EV based Suspension components are classified into three types: linkages, springs, and shock absorbers. The bars and brackets that support the wheels, springs, and shock absorbers are referred to as links. Springs cushion the vehicle by reducing shock loads caused by road bumps and potholes.

 

An EV suspension operates on the force dissipation concept, which includes turning force into heat and therefore reducing the impact that force would have had. This is accomplished by the use of springs, dampers, and struts. The energy will be stored in a spring, and it will be converted into heat via a damper.

 

GLOBAL ELECTRIC VEHICLE SUSPENSION MARKET DEVELOPMENTS AND INNOVATIONS

S NoOverview of DevelopmentDevelopment DetailingRegion of DevelopmentPossible Future Outcomes
1Levant Power Corporation patent for Active Vehicle Suspension.They have filed a patent on an energy-producing shock absorbing device. The abstract states that their invention detects: “a wheel event requiring control of the active suspension; and sourcing energy from the energy storage facility and delivering it to the electric motor in response to the wheel event.USAThis would enhance better EV Adoption and better suspension technologies harnessing.
2Intertonic Gresser Suspension Technology integrationIntertronic Gresser have taken the shock absorbing energy regeneration concept and improved it into a full suspension energy regeneration system. This increases the gains very significantly, even as much as double the range. In their system, the weight of the vehicle plays a big role in how much electricity is generated.GermanyThis would help in better presence and social responsibility on increased levels of requirements
3Israeli startup revealed a skateboard-like platform that houses all of EV systemsIt has integrated suspension, motors, braking, and even steering into a single system. Housing all of these technologies within the wheel itself is only possible with smaller electric motors and improved control and performance.IsraelThis would improve its presence and production capability of new generation housing platform system

 

GLOBAL ELECTRIC VEHICLE SUSPENSION MARKET DYNAMICS

Automotive suspension systems are dynamic systems that have a direct impact on the safety and comfort of the vehicle user as well as other road users. The technical state of this system influences the vehicle's behaviour under various driving circumstances and is especially important for characteristics such as braking distance, grip, acceleration, or following a curved track.

 

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To satisfy ever-increasing demands, modern vehicle suspension systems have evolved into extremely sophisticated mechatronic components that allow the settings of vibro insulation systems to be adjusted. Actuating components allow for the adjustment of characteristics such as stiffness within a defined range of values.

 

However, in order for EVs to reach an acceptable range, numerous energy-saving measures must be used. While regenerative braking is widely established, the relatively new regenerative active suspension technologies offer the potential to enhance energy efficiency and range. While this was achieved by pairing an electricity generator to a conventional suspension system with steel springs and hydraulic shock absorbers, Intertronic Gresser GmbH in Wýrzburg, Germany have recently applied to patent a unique "electricity-generating suspension system for hybrid and electric cars"

 

The suspension function is performed by an electronically controlled, double-action hydraulic cylinder, as there are no steel springs or shock absorbers. An electronically controlled mechanically linked linear generator dampens vibrations while also generating electricity via opposing induction forces (Lorentz force).

 

In the present environment, Asia-Pacific (APAC) is acquiring significant development opportunities in the automobile suspension industry. This development would be followed by Europe with an increase in the demand of commercial vehicles and improved automobile and cab services for locals, owing to the increasing population and developing economies of this area.

 

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GLOBAL ELECTRIC VEHICLE SUSPENSION MARKET SEGMENTATION

 

The Global Electric Vehicle Suspension Market can be segmented into following categories for further analysis.

 

By Component Type

  • Coil Spring
  • Air Spring
  • Shock Absorber
  • Strut
  • Link Stabilizer
  • Ball Joint

 

By EV Type

  • Passenger Based Vehicle
  • Commercial based Vehicle
  • LCV / HCV
  • Buses

 

By Internal Application System Type

  • Passive Suspension
  • Active Suspension
  • Semi Active Suspension

 

By Component Type

  • MacPherson Strut
  • Double Wishbone
  • Multi-Link
  • Twist Beam or Torsion Beam
  • Leaf Spring
  • Air Suspension

 

By Connectivity Material Type

  • Hydraulic Actuated
  • Electronic Actuated

 

By Regional Classification

  • Asia Pacific Region - APAC
  • Middle East and Gulf Region
  • Africa Region
  • North America Region
  • Europe Region
  • Latin America and Caribbean Region

 

RECENT MARKET TECHNOLOGICAL TRENDS IN GLOBAL ELECTRIC VEHICLE SUSPENSION

The rapid deployment of electric and hybrid cars has added a whole new dimension: To overcome EV customers’ range anxiety, engineers are turning to regeneration of energy. Initially, research concentrated on harvesting the thermal energy created during braking to increase the range between charges, but with regenerative suspension systems capable of recovering up to 400watts on ordinary roads, numerous firms have made major investments in this new technology.

 

When installed in hybrid cars, such a technology may result in a one to five percent increase in fuel economy. Furthermore, several firms are embracing the opportunity to integrate regeneration technology with active suspension adjustment to improve ride and handling even further. One of the very first suspension systems targeted only at EVs, Michelin’s Active Wheel technology.

 

Although not regenerative technology, the Activ Wheel included a pair of electric motors: a hub traction motor for driving and another to operate the active suspension system. The gearbox, clutch, transmission shaft, universal joint, and anti-roll bar were all eliminated in the system, which was developed particularly for battery or fuel-cell powered electric cars.

 

In another novel development, Israeli start-up SoftWheel, which already has the wheelchair and bicycle world talking about its ground-breaking suspension system, is now contemplating the electric vehicle market. The wheel which incorporates a selective suspension mechanism only acts when an impact above a pre-set threshold is encountered. This threshold is determined according to user requirements and is easily adjustable.

 

COMPETITIVE LANDSCAPE

The automobile vehicles frame and body are mounted on the front and rear axle not directly but through some form of springs and shock absorbers. This is done to damp to road shocks transmitted parts which perform this function. Thus, the suspension system includes springs, shock absorbers and their mountings. The suspension system of a motor vehicle is divided into the rear end suspension and front-end suspension.

 

In the most recent initiative, KYB and REE Group have collaborated to perform and integrate high-end suspension systems of EV Interferences and manufacturing capabilities. As a result, the suspension system consists of springs, shock absorbers, and their mountings. A vehicle's suspension system is separated into two parts: rear end suspension and front-end suspension.

 

The Tenneco Group manufactured and designed CVSAe semi-active dampers include many design and construction characteristics that increase load capacity and damping force tuning range for cars with lithium-ion battery packs. The increased weight of EV batteries can raise damping needs in a number of driving scenarios. In certain instances, CVSAe technology automatically adds additional damping force to minimise body pitch, or brake.

 

Mando has recently manufactured a global class suspension system for EVs . Mando will produce and supply these Suspension systems in 50 million units of automotive suspension systems from June 2022 to 2033 in Europe. Mando's suspension systems will be installed on Volkswagen's next-generation key models based on the modular electric drive matrix (MEB), a technology platform developed specifically for EVs.

 

COMPANIES PROFILED

Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
19Market Segmentation, Dynamics and Forecast by Application, 2023-2030
20Market Segmentation, Dynamics and Forecast by End use, 2023-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix