Automotive Suspension Market Growth and Forecast To 2027 Covid-19 Analysis
The report on Automotive Suspension Market is an in-depth study and presentation of drivers, restraints, opportunities, market trends, market size, forecasts, and challenges in the global Automotive Suspension Market. Moreover, the report is a collective demonstration of primary and secondary research findings. Various analysis models used to gather data for this report provide insights into the competitive rivalry, players’ positions in the market, identifies strength, weakness, threat, and opportunities for the existing as well as new entrants in the market. The presented data in the report can help the user to make profitable decisions for better business growth.
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Regional analysis
Regional analysis by Stratview Research includes analysis of the overall consumer market in a specific region. The given information in the report will work as a guide for the users working in that region or planning to venture a business there under any product or service segment.
Analysis of Automotive Suspension Market Key Manufacturers:
According to the report, the Automotive Suspension Market includes suppliers, product manufacturers, and OEMs. Following is a list of the Key Players in this market.
• ZF Friedrichshafen AG
• ThyssenKrupp AG
• Benteler International AG
• Magneti Marelli S.P.A.
• KYB Corporation
• Tenneco Inc
• Mubea Fahrwerksfedern GmbH
• NHK Springs Co., Ltd
• Mando Corp
• Rassini
Growth drivers and Market Value:
This report, from Stratview Research, studies the Automotive Suspension Market value and growth drivers over the trend period of 2022-26. According to the report -
The global suspension market in the automotive industry offers healthy growth prospects of >4% CAGR over the next five years to reach $68533.5 million in 2025. Increasing annual production of passenger cars, light commercial vehicles, and medium & heavy duty commercial vehicles, increasing gloal automotive fleet size, increasing need for lightweight suspension system to achieve stringent regulations, such as CAFÉ Standards, increasing customer expectation related to vehicle comfort, safety, stability, and control, and increasing need for suspension with reduced space are some of the major drivers of the market.
Segment Analysis:
Based on by Vehicle Type:
Passenger car is expected to remain the largest segment for automotive suspension over the next five years. The segment is also likely to witness the highest growth during the same period driven by high annual production of passenger cars, large passenger car fleet size, increasing demand of lightweight suspension components, and continuous advancement in suspension components.
Based on Regional:
In terms of region, Asia-Pacific dominated the global automotive suspension market in 2019 in terms of value, followed by Europe, North America, and RoW. The region is likely to remain the largest market during the forecast period; however, RoW is likely to be the fastest growing region, driven by expected recovery of Brazilian automotive industry after 2016 and upcoming assembly plants in Middle East and Africa regions.
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Research Methodology &Features -
This report offers in-depth insights and is the result of detailed research methodology through secondary research, extensive primary interviews with industry key players, and statistical tools. The report provides vital information related to the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
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