Learn about the global automotive suspension systems market through The Business Research Company, which provides information on automotive suspension systems market size, automotive suspension systems market drivers and restraints, automotive suspension systems market players, the COVID-19 impact on the automotive suspension systems market, and more.

The global automotive suspension systems market size is expected to grow from $56.87 billion in 2021 to $59.17 billion in 2022 at a compound annual growth rate (CAGR) of 4.05%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global automotive suspension system market size is expected to reach $69.78 billion in 2026 at a CAGR of 4.21%.

The increasing demand for motor vehicles is expected to drive the automotive suspension systems market during the forecast period.

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The automotive suspension systems market consists of sales of suspension systems by entities (organizations, sole traders and partnerships) for automotive, which are responsible for smoothening the vehicles ride and keeping them in control. The suspension system maximizes the friction between the tires and road for a softer movement of vehicles. The suspension systems consists of tires, tire air, springs, shock absorbers and linkages that connects a vehicle to its wheels supporting road handling and ride quality of the vehicle.

Global Automotive Suspension Systems Market Segments Include:
By Type: Passive Suspensions Systems, Semi-Active Suspensions Systems, Active Suspensions Systems

By Component: Coil Spring, Leaf Spring, Air Spring, Shock Absorbers, Others

By Application: Passenger Vehicles, Commercial Vehicles

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia- Pacific was the largest region in the automotive suspension systems market in 2021.

The new technological developments is a key trend gaining popularity in the automotive suspension systems market. The automotive industry is increasingly focusing on integrating smarter and safer suspension systems into vehicles for better experience in different terrains and conditions.

TBRC’s automotive suspension systems market report covers:

Major Market Players: Continental AG., ZF Friedrichshafen, Tenneco, Magneti Marelli S.p.A, ThyssenKrupp Automotive Systems, WABCO Vehicle Control Systems, Mando Corp., BWI Group, KYB, Hitachi Automotive Systems, TRW Automotive Holdings Inc., LORD Corporation, Porsche, Mercedes-Benz, Multimatic and SANLUIS Rassini

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Automotive Suspension Systems Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive suspension systems market overviews, analyzes and forecasts market size, share, automotive suspension systems market players, automotive suspension systems market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s automotive suspension systems market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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