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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A car is fundamentally a very large mass of metal, plastic, rubber, glass, and fabric, regardless of the brand or model. Physics states that several various forces will be acting on you and your car while all of that weight is moving quickly.
Some of those pressures are to be countered by your suspension, while others are to be redirected or absorbed. For instance, if the road is a bit rough and you are rounding a curve, your car may have a tendency to lean over and bounce a little, which may cause your tires to lose traction on the road.
All of the components that move about (or remain in place) to maintain tire contact with the road and prevent your car from bouncing around erratically collectively are referred to as the suspension.
It is in charge of providing you with a comfortable ride, balancing the weight of your automobile, and enabling the proper angles, heights, and movements of your wheels during acceleration, deceleration, and turning.
All suspension systems, in general, are made up of a number of springs, dampers, and bars that are connected to one another and your car's body. While there are many variations among the different designs, the fundamental ideas are always the same. Ride and handling are the two key factors on which most manufacturers concentrate when developing suspension.
The Global EV Plastic Suspension Springs market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Before the year is out, Audi will add new, thinner Plastic Suspension Springs made of glass fiber-reinforced polymer (GFRP) to an upper mid-size vehicle.
The GFRP spring that Audi created in partnership with an Italian supplier even has a unique appearance. It is bright green, the fiber strand is thicker than a steel spring's wire, and it has fewer coils overall but a little greater overall diameter. It is, however, around 40% lighter.
A GFRP spring with the same qualities weighs just about 1.6 kilograms, compared to the nearly 2.7 kilos of a steel spring for an upper mid-size model.
Before the year is out, an upper mid-size vehicle from Audi will include new, thin suspension springs constructed of glass fiber-reinforced polymer (GFRP).
Even visually, the GFRP spring is distinct from a steel spring. Audi developed it in partnership with an Italian supplier. It features a lighter shade of green, a fiber strand that is thicker than the steel spring's wire, a slightly larger overall diameter, and fewer coils. It is about 40% lighter, though. A GFRP spring with the same qualities weighs just about 1.6 kilograms, compared to a steel spring for an upper mid-size model that is close to 2.7 kilos.
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 |