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Global Automotive Suspension Market is expected to reach $284 billion by 2022, growing at a CAGR of 4.9% during the forecast period 2014 - 2022. Automotive suspension consists of a system of spring, shock absorbers, struts, control arms, and ball joints that connect the vehicle to the wheel and subsequently enable relative motion between the two.<br><br>Read more at : https://www.alliedmarketresearch.com/automotive-suspension-market
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Automotive Suspension Market Opportunities and Forecasts, 2014 – 2021 Pages : 190 Publish Date: Oct 2016
AUTOMOTIVE SUSPENSION MARKET Automotive Suspension holds a great potential in changing the global safety scenario, thus, making it more comfortable and safe vehicle. The Automotive Suspension System have witnessed a steep growth in passenger cars and commercial vehicles segment due to stringent vehicle safety norms and standards by various transport authorities globally. U.S. and European union has issued various standards, and automobile manufacturers are advised to make their vehicles in complaint with these vehicles. The passenger car market of automotive suspension is expected to increase rapidly in the coming years. Developing countries such as India and China hold a tremendous potential in automotive suspension market, moreover their governments have mandated the use of air suspension in heavy commercial vehicles. Various companies are trying to expand their market penetration in the APAC region for development of advanced automotive suspension system. - AnkitPundir, Research Associate, AMR
AUTOMOTIVE SUSPENSION MARKET OVERVIEW • Global Automotive Suspension Market is expected to reach $284 billion by 2022, growing at a CAGR of 4.9% during the forecast period 2014 - 2022. Automotive suspension consists of a system of spring, shock absorbers, struts, control arms, and ball joints that connect the vehicle to the wheel and subsequently enable relative motion between the two. • The type of geometry and system used to build suspension depends on the camber of the wheel, castor of the hub, toe of the vehicle, and king pin inclination of the control arms. Suspensions aid in keeping the vehicle tires in contact with the road during the ride to reduce the shocks during driving and protect the vehicle and its cargo from any damage or wear. In addition, it provides isolation to the vehicle from high-frequency vibrations from tire excitation. • Read more at : https://www.alliedmarketresearch.com/automotive-suspension-market
AUTOMOTIVE SUSPENSION MARKET KEY BENEFITS • The study provides an in-depth analysis of the current trends and future estimations of this market to elucidate the imminent investment pockets. • The report offers a quantitative analysis for the period 2014‐2022 to enable stakeholders to capitalize on the prevailing market opportunities. • It provides historical figures for 2014 and 2015, and year-on-year forecasts from 2016 to 2022, considering 2015 as base. • Competitive intelligence of the industry highlights the business practices followed by leading players across various regions.
AUTOMOTIVE SUSPENSION MARKET KEY FINDINGS • In 2015, passenger cars led the market revenue, and this segment is projected to grow at a CAGR of 4.9% during the forecast period. • Two wheeler segment is expected to grow at the highest CAGR of 7.4%, owing to the wider adoption of air suspension technologies around the globe. • The hydraulic suspension system is projected to generate the largest revenue by suspension type. • China is the major shareholder, accounting for about 60% of the Asia-Pacific automotive suspension market in 2015. • India is expected to be the fastest growing country and expected to exhibit a double-digit growth.
KEY PLAYERS IN INDUSTRY • KYB Corporation • Hendrickson USA, L.L.C • Gabriel India Limited • FOX Factory, Inc. • WABCO • Continental AG • ZF TRW • MagnetiMarelliS.p.A • Tenneco Inc. • SogefiSpA • Download free Sample Report : • https://www.alliedmarketresearch.com/request-free-sample/1709
AUTOMOTIVE SUSPENSION MARKETBY GEOGRAPHY • North America, Europe, Asia-Pacific, LAMEA
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