Global Automotive Suspension
Market Report
2025
Automotive Suspension Market size is USD 67.5 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 4.70% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Automotive Suspension Market size is USD 67.5 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Automotive Suspension Market Sales Revenue | $ 67.5 Billion | 121212 | 121212 | 121212 | 4.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Component |
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Market Split by Vehicle |
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Market Split by Geometry |
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Market Split by Suspension |
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Market Split by System |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Automotive Suspension industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Suspension Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Automotive suspension connects the car to the wheel and allows for relative movement between the two by using control arms, a system of springs, struts, ball joints, and shock absorbers. Suspensions help maintain the contact of tires with the road during the trip to minimize the reload shocks and protect the automobile and its cargo from wear and tear. Furthermore, it allows the car to be isolated from high-frequency vibrations caused by tire excitation. Hence, the rise in the need for high driving comfort is expected to drive the growth of the market. The need for luxury and comfort in cars, increased vehicle production, and technological developments pertaining to automotive components are some of the factors anticipated to propel the expansion of the global automotive suspension market. In addition, the development of sophisticated suspension systems such as electronic control active suspension systems and the growing demand for lightweight suspension systems in luxury cars are anticipated to present prosperous prospects for producers in the automotive suspension sector.
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In September 2023, ANAND Group formed a partnership with Korea's HL Group to increase the supply of several aftermarket components for international and domestic passenger vehicles. "HL Anand Automotive Parts Private Limited" is the name under which the partnership is going to operate.
Top Companies Market Share in Automotive Suspension Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
In recent years, the Asia Pacific region has become a center for the production of automobiles due to the rising per capita income, evolving preferences of consumers, and cost benefits for OEMs. Asia Pacific is expected to hold the major market share due to the presence of a huge number of market players with strong vehicle sales, extensive vehicle manufacturing capacities, and loyal customer bases. China is expected to continue to be the region's biggest market because of its substantial population and rising post-pandemic demand for passenger cars. .
Europe stands out as the fastest-growing region in the Automotive Suspension Market as it is the top producer of fuel-efficient automobiles across the globe. Furthermore, customers are becoming more and more interested in personalizing their products, including the handling and comfort of their cars. The demand for customizable suspension systems is increasing in Europe. Urban mobility choices such as e-bikes, electric scooters, and two-wheelers are becoming more and more popular in UK cities that are working to reduce pollution and traffic. These cars often require complex suspension systems, which fuels the market growth in the region.
The current report Scope analyzes Automotive Suspension Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Automotive Suspension Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Suspension Industry growth. Automotive Suspension market has been segmented with the help of its Component, Vehicle Geometry, and others. Automotive Suspension market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The report provides a detailed categorization and differentiation of competitors in the Automotive Suspension market based on their offerings and business models. It will include key information for each segment, such as definitions, benefits, applications, technological advancements, regional advantages, and other related factors. Additionally, the study will present market growth figures for each type within the specified timeframe, including numerical data like market share percentages, revenue figures for each segment, and growth rates (e.g., CAGR). (For more information, request a sample of the pages or contact the analyst/author directly)
Component of Automotive Suspension analyzed in this report are as follows:
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Passenger cars segment is expected to dominate and hold the major market share during the forecast period. The most popular form of vehicle to manufacture and sell is the passenger car. Hence, it holds the major market share in the overall production and sales of automobiles. Based on the OICA report, the amount of passenger cars produced increased by 7.9% in 2022 over 2021. The rise in manufacturing and sales of passenger cars is driving the demand for the automotive suspension market.
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Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Suspension Market is witnessing significant growth in the near future.
In 2023, the Spring segment accounted for noticeable share of global Automotive Suspension Market and is projected to experience significant growth in the near future.
The Two-wheeler segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ZF Friedrichshafen AG (Germany) , Continental AG (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Spring, Shock Dampener, Struts, Control Arms, Ball Joint, Air compressor, Leaf spring |
Vehicle | Two-wheeler, Passenger Cars, Commercial Vehicle |
Geometry | Dependent Geometry, Semi-Independent, Independent Geometry |
Suspension | Hydraulic Suspension, Air Suspension, Leaf Spring Suspension |
System | Passive, Semi-active/Active System |
List of Competitors | ZF Friedrichshafen AG (Germany), Tenneco Inc. (US), Continental AG (Germany), ThyssenKrupp AG (Germany), KYB Corporation (Japan), Benteler, NHK Spring, Meritor Inc., Mando Corporation, Marelli Holdings Co., Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Automotive Suspension. Further deep in this chapter, you will be able to review Global Automotive Suspension Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Automotive Suspension. Further deep in this chapter, you will be able to review North America Automotive Suspension Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Automotive Suspension. Further deep in this chapter, you will be able to review Europe Automotive Suspension Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Automotive Suspension. Further deep in this chapter, you will be able to review Asia Pacific Automotive Suspension Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Automotive Suspension. Further deep in this chapter, you will be able to review South America Automotive Suspension Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Automotive Suspension. Further deep in this chapter, you will be able to review Middle East Automotive Suspension Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Automotive Suspension. Further deep in this chapter, you will be able to review Middle East Automotive Suspension Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Automotive Suspension. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Vehicle Analysis 2021 - 2033
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Chapter 12 Market Split by Geometry Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Suspension Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by System Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Suspension market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why Spring have a significant impact on Automotive Suspension market? |
What are the key factors affecting the Spring and Shock Dampener of Automotive Suspension Market? |
What is the CAGR/Growth Rate of Two-wheeler during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Suspension Market? |
Which region is expected to dominate the global Automotive Suspension Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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