Bharat Book Bureau Provides the Trending Market Research Report on “Automotive Suspension Market Report 2023” under Industry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends, Key Manufacturers, global presence, and their future prospects.
The future of the Global Automotive Suspension Market looks promising with opportunities in the passenger car, light commercial vehicle and heavy commercial vehicle segments. The global automotive suspension market is expected to reach an estimated $79.0 billion by 2023 and it is forecast to grow at a CAGR of 5.3% from 2018 to 2023. The major drivers of growth for this market are increasing vehicle production, increasing need for improved ride quality, and the growing demand for advanced safety and convenience systems.
Emerging trends, which have a direct impact on the dynamics of the automotive suspension industry, include the development of lightweight suspensions, the introduction of electronic suspension technology, and the introduction of energy recovery suspension systems.
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Automotive Suspension Market Trends Automotive Suspension Market Forecast Growth Opportunities for the Global Automotive Suspension Market by Region
The study includes the automotive suspension market size and forecast for the global automotive suspension market through 2023, segmented by vehicle type, system type, damping type, end user, material type, and region, as follows:
Automotive Suspension Market by Vehicle Type ($ Billion from 2012 to 2023)
Passenger Car Small Car Compact Car Mid-Size Car Large Car Light Commercial Vehicle SUVs &Crossovers MPVs Pickups Heavy Commercial Vehicle
Automotive Suspension Market by System ($ Billion from 2012 to 2023)
Passive Suspension System Active Suspension System Semi-Active Suspension System
Automotive Suspension Market by Damping Type ($ Billion from 2012 to 2023)
Hydraulic Suspension Air Suspension Leaf Spring Suspension Others
Automotive Suspension Market by End User ($ Billion from 2012 to 2023)
Automotive Suspension Market by Material Type ($ Billion 2017)
Steel Composites Others
Automotive Suspension Market by Region ($ Billion and Million Units from 2011 to 2023)
North America Europe Asia Pacific The Rest of the World
Some of the automotive suspension companies profiled in this report include Benteler International, Tenneco Inc., ZF Friedrichshafen AG, KYB Corporation, and Magneti Marelli S.p.A and others.
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