Global Electric Vehicle Suspension Market 2021-2026

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    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 No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Levant 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. USA This would enhance better EV Adoption and better suspension technologies harnessing.
    2 Intertonic Gresser Suspension Technology integration Intertronic 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. Germany This would help in better presence and social responsibility on increased levels of requirements
    3 Israeli startup revealed a skateboard-like platform that houses all of EV systems It 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. Israel This 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.

     

    To know more about Global Automotive Suspension Market, read our report

     

    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.

     

    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 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, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    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, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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