Trends and Forecast for the Global Automotive Suspension Market Trends, opportunities and forecast in automotive suspension market to 2025 by vehicle type (passenger car, light commercial vehicle, and heavy commercial vehicle), by system (passive suspension system, active suspension system, and semi- active suspension system), by damping type (hydraulic suspension, air suspension, leaf spring suspension, and others), end user (OEM and aftermarket), by material type (steel, composites, and others) and by region (North America, Europe, APAC, and ROW)
Lucintel's latest market report analyzed that automotive suspension provides attractive opportunities in the passenger car, light commercial vehicle and heavy commercial vehicle segments. The automotive suspension market is expected to reach $48.6 billion by 2025 with a CAGR of 1.2%. In this market, passenger car is the largest segment by vehicle type, whereas passive suspension system is largest by system. The development of lightweight suspensions, the introduction of electronic suspension technology, and the introduction of energy recovery suspension systems provides strategic growth path in this market.
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Based on vehicle type, the passenger car market is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment accounted for the largest share of the market in 2020.
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The automotive suspension market is marked by the presence of several big and small players. Some of the prominent players offering automotive suspension include Benteler International, Tenneco Inc., ZF Friedrichshafen AG, KYB Corporation, and Magneti Marelli S.p.A and others.
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