Posts

Showing posts with the label Automotive Suspension Market

Automotive Suspension Market likely to Reach $50.7 billion by 2026

  The  Automotive Suspension Market  is projected to grow from USD 42.9 billion in 2021 to USD 50.7 billion by 2026, at a CAGR of 3.4% during the forecast period. Automotive OEMs are investing in R&D activities to introduce innovative suspension systems to enhance ride comfort. For example, in August 2020, ZF Friedrichshafen designed air suspension with ECAS technology to address issues such as higher fuel consumption, decreased rider comfort, and compromised passenger safety and vehicular instability. The market for suspension systems is mainly driven by the increasing demand for luxury vehicles, especially passenger cars, and the increasing preference of buyers for a comfortable ride and smooth operation of the vehicle. Automotive OEMs are focusing on lightweight materials to enhance fuel efficiency and reduce vehicle emissions. The increasing sales of electric and hybrid vehicles is expected to increase the adoption of active and semi-active suspension and thereby ...

Automotive Suspension Market – Analysis with Ongoing Trends & Market Revenue

  The Automotive Suspension Market is projected to grow from USD 42.9 billion in 2021 to USD 50.7 billion by 2026, at a CAGR of 3.4% during the forecast period. Automotive OEMs are investing in R&D activities to introduce innovative suspension systems to enhance ride comfort. For example, in August 2020, ZF Friedrichshafen designed air suspension with ECAS technology to address issues such as higher fuel consumption, decreased rider comfort, and compromised passenger safety and vehicular instability. The market for suspension systems is mainly driven by the increasing demand for luxury vehicles, especially passenger cars, and the increasing preference of buyers for a comfortable ride and smooth operation of the vehicle. Automotive OEMs are focusing on lightweight materials to enhance fuel efficiency and reduce vehicle emissions. The increasing sales of electric and hybrid vehicles is expected to increase the adoption of active and semi-active suspension and thereby drive the m...

Automotive Suspension Market to Register Substantial Expansion by 2025

  The report " Automotive Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multi-link, Twist Beam, Leaf Spring, Air Suspension), System Type, Actuation, Component OE & Aftermarket, Vehicle (ICE, BEV, HEV, PHEV), and Region - Global Forecast to 2025", is projected to grow at a CAGR of 3.88% from 2017 to 2025, and the market size is estimated to grow from USD 50.76 billion in 2017 to USD 68.84 billion by 2025. The market is anticipated to grow due to the growing vehicle production, rising concern toward safety & comfort, and demand for better ride performance. Also, the development of semi-active/active systems, which are light, small, and high on performance, is projected to drive the demand for advanced automotive suspension systems. Passenger car is estimated to be the largest market for automotive suspension Passenger car is estimated to be the largest segment of the automotive suspension market. Factors such as rising consumer disposable...