Global Truck suspension Market 2024-2030
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Global Truck suspension Market 2024-2030

Last Updated:  Apr 25, 2025 | Study Period: 2024-2030

TRUCK SUSPENSION MARKET

 

TRUCK SUSPENSIONMARKET SEGMENTATION

 

By Type

  • Leaf Spring
  • Elliptical
  • Pneumatic

 

By Position

  • Front
  • Rear

 

By Vehicle

  • Light Commercial Vehicles (LCV)
  • Medium Commercial Vehicles (MCV)
  • Heavy Commercial Vehicles (HCV)

 

By Geography

  • US
  • China
  • Europe
  • Japan
  • India
  • ROW

 

TRUCK SUSPENSION MARKET IN EUROPE

In Europe, Mercedes Benz uses Axle suspension using parabolic springs  

 

 Volvo has different suspension setup for different applications and are listed below.

  • Volvo air suspension 
  • Hendrickson axle suspension 
  • Hendrickson RT403/RT463 
  • Conventional progressive rate (double) springs are used only on vehicles with single rear axles. 
  • The VOLVO T-Ride tandem suspension is designed for use in both on- and off-highway applications. It offers maximum articulation for traction.

 

TRUCK SUSPENSION MARKET IN INDIA

Scania trucks have progressive parabolic rear springs and leaf or air suspension at front 

In India, TATA MOTORS has different  suspension setup for different applications and are listed below.

 

 Suspension Setup which are integrated to SCV are

  • Mc Pherson Strut in front and Coil Spring with Semi-trailing arm at rear
  • Semi-elliptical leaf spring with anti-roll bar in front and Semi-elliptical with shock absorber at rear
  • Double Wishbone type with Torsion bar in front and Parabolic leaf springs at rear
  • Parabolic leaf springs in front and rear 
  • Independent Strut type in front and Semi-elliptical leaf spring at rear

 

Suspension Setup which are integrated to LCVs are

  • Semi-elliptical Leaf Spring and Hydraulic Double Acting Telescopic Type Shock Absorber in front and Semi-elliptical Leaf Spring with Auxiliary Springs and Hydraulic Double Acting Telescopic Type Shock Absorber at rear
  •   Parabolic leaf springs in front and Semi-elliptical leaf spring with Semi-elliptical auxiliary springs at rear
  • Parabolic leaf Springs in front and Semi-elliptical with parabolic auxiliary springs at rear

 

Suspension Setup which are integrated to M&HCVs are

  • Semi-elliptical multi leaf springs at front and rear 
  • Parabolic leaf spring at front and Semi-elliptical leaf spring at rear
  •  Semi-elliptical/parabolic in front and inverted tandem bogie/bell crank suspension at rear 

 

Ashok Leyland  has different  suspension setup for different applications and are listed below.

  • DOST Series of vehicles is integrated with Rigid tubular axle with parabolic leaf spring in front and Semi-elliptical leaf spring with double acting shock absorber 

 

Suspension Setup which are integrated to LCV’s are

  • Parabolic Springs in front and Semi-elliptical multi leaf spring at rear 
  • Shackle Ended Multi leaf spring at front and rear 

 

Suspension Setup which are integrated to HCV’s are

  • Semi-elliptical multi leaf in front and non-reactive suspension or Slipper end suspension at rear 
  • Uprated Semi-elliptical multi leaf spring in front and rear 
  • 3.Semi-elliptical leaf spring in front and heavy-duty bogie suspension with V-rod 
  • Parabolic leaf spring in front and semi-elliptical leaf spring at rear 
  • Multi leaf spring at front and inverted Semi-elliptical multi leaf with v-rod 

Eicher has different suspension setup for different applications and are listed below.

 

Suspension Setup which are integrated to LCV’s are

  • Semi Elliptical Laminated leaves with Helper in front and rear 
  • Parabolic leaf springs in front and Semi-elliptical laminated with helper at rear 
  • Semi-elliptical leaf spring in both front and rear 

 

 Suspension Setup which are integrated to HCVs ’s are

  • Semi Elliptical Laminated leaves with Helper in front and rear
  • Parabolic spring in front and Bell crank Suspension at rear 
  • Parabolic spring in front and Bogie suspension at rear 

 

Mahindra has different suspension setup for different applications and are listed below.

 Suspension Setup which are integrated to SCV s ’s are

  • Leaf Spring with anti-Rollbar in front and rigid leaf spring Suspension 
  • Coil springs in front and rigid axle leaf spring in rear 
  • McPherson Strut in front and semi trailing arm at rear 

All LCVs vehicles get Semi-elliptical Leaf Spring on front and rear 

ICV suspension system provided is Parabolic leaf spring in front and Semi-elliptical leaf spring at rear.

HCV-with Semi-elliptical leaf Springs Suspension

 

TRUCK SUSPENSIONMARKE RECENT PRODUCT DEVELOPMENT

Ford adds a new towing and a hauling technology to the 2021 F-150 light-duty pickup truck. The new features include Onboard Scales, Smart Hitch, and a continuously controlled damping suspension. 

 

Hendrickson’s 2021 rear suspension model consists of rubber instead of steel springs at ULTIMAAX. It is 250 kg lighter, better comfort in unloading conditions and has a load stability in laden conditions.Tenneco to Supply Advanced Suspension Technology for 2021 Mercedes-AMG GT Black Series.

 

 

COVID-19 IMPACT ON TRUCK SUSPENSION MARKET

The truck suspension system market had witnessed a negative and an inferior impact during the widespread growth of the COVID-19 pandemic. With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses are now going through respond, recover and renew phases.  

 

Post-pandemic business planning research of the companies will involve strategic planning of the companies to move ahead and build resilience by making effective resource and investment choices for individual business units, products and service lines according to revised market norms. 

 

The companies are planning to conceptualize the scenario-based planning to mitigate future crisis situations and figure out further steps to deal with the impact of lockdowns, supply chain disruptions, demand destruction, and change in the customer behavior.

 

Taking this as a major challenge the companies mitigated the economic impact of the coronavirus pandemic by being extremely disciplined with its expenses and capital expenditure.

 

The year 2020-21 will be considered as the breakthrough year for electromobility at least in Europe. This would have an immediate consequence for ZF because after its partnership with WABCO it is now planning to accelerate its additional investments in e-mobility technologies, prioritize them even more and also change their structures.

 

 

TRUCK SUSPENSIONMARKETCOMPETITIVE LANDSCAPE

Amid a historically weak market environment, Continental demonstrated operational and financial resilience in fiscal 2020 and achieved its adjusted annual targets. In this extremely challenging market environment, Continental achieved an adjusted EBIT margin of 3.5 per cent (2019: 7.3 per cent). That corresponds to an adjusted operating result of €1.3 billion (2019: €3.2 billion). 

 

ZF, a leader in driveline and chassis technology as well as active and passive safety, is doubling down its focus in India through a significant investment of around 200-million-Euro and strategic consolidation of its business domains with renewed impetus to drive growth over the next decade.

 

In 2020, Meritor posted sales of $889 million, down $12 million, or approximately one percent, from the same period last year. Net income attributable to Meritor and net income from continuing operations attributable to Meritor were $32 million.

 

The decrease in sales was driven primarily by the impact from the termination of the WABCO distribution arrangement, which occurred in the second quarter of fiscal year 2020, largely offset by higher truck production.

 

 

 

TRUCK SUSPENSIONMARKETCOMPANY PROFILES 

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS OFTRUCK SUSPENSIONMARKET

  • Market Size and Forecast, by geography($M)
  • Opportunities and risks in Truck Suspension Market 
  • Important technology trends and regulatory changes
  • 5 key predictions for next 5 years inTruckSuspension Market
  • Competitive landscape and market share of leading vendors

 

 

 

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, 2022-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
19Market Segmentation, Dynamics and Forecast by Application, 2022-2030
20Market Segmentation, Dynamics and Forecast by End use, 2022-2030
21Product installation rate by OEM, 2022
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, 2022
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix