Automotive Suspension and Handling Market Insight: Market Trends, Growth, Forecasted from 2024 TO 2031

The "Automotive Suspension and Handling Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Automotive Suspension and Handling market is expected to grow annually by 8.9% (CAGR 2024 - 2031).

This entire report is of 164 pages.

Automotive Suspension and Handling Introduction and its Market Analysis

The Automotive Suspension and Handling market research report analyzes the market conditions of the industry. Automotive Suspension and Handling refers to the system that connects a vehicle to its wheels, allowing for a smooth and controlled ride. The target market for this industry includes automobile manufacturers, aftermarket suppliers, and consumers looking to enhance their vehicle's performance. Major factors driving revenue growth include the increasing demand for improved driving experience, safety, and comfort. Companies operating in the market include ThyssenKrupp, Ohlins, Eibach, TEIN, KYB, MOOG Parts, Kennedy-Wilson Holdings, KONI, GReddy, HKS, H&R, Air Lift, Monroe, A'PEXi, and Hotchkis. The report's main findings indicate a steady growth in the market, with recommendations for companies to focus on innovation and technology to stay competitive.

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The global Automotive Suspension and Handling market is experiencing significant growth, with a wide range of products including Control Arms, Solid/Live Axle, Multilink, and others catering to both OEM and Aftermarket segments. The market is driven by factors such as increasing demand for improved vehicle performance, comfort, and safety. Additionally, advancements in technology such as electronic control systems are further boosting market growth.

Regulatory and legal factors specific to market conditions play a crucial role in shaping the Automotive Suspension and Handling sector. Strict emissions norms, safety regulations, and quality standards imposed by governing bodies are influencing the design and manufacturing processes of suspension systems. Manufacturers are required to comply with these regulations to ensure the safety and reliability of their products. As a result, companies are investing in research and development to meet these stringent requirements while also focusing on innovation to stay competitive in the market. Overall, the Automotive Suspension and Handling market is expected to witness continued growth driven by advancements in technology and changing regulatory landscapes.

Top Featured Companies Dominating the Global Automotive Suspension and Handling Market

The automotive suspension and handling market is highly competitive and fragmented, with several key players vying for market share. Some of the prominent companies operating in this market include ThyssenKrupp, Ohlins, Eibach, TEIN, KYB, MOOG Parts, Kennedy-Wilson Holdings, KONI, GReddy, HKS, H&R, Air Lift, Monroe, A'PEXi, and Hotchkis.

These companies offer a wide range of suspension and handling products and solutions to improve the performance and ride comfort of vehicles. They cater to different segments of the market, including passenger cars, commercial vehicles, and high-performance vehicles.

ThyssenKrupp is a global leader in automotive suspension and handling technology, offering innovative solutions for enhanced durability and performance. Ohlins specializes in high-performance suspension systems for racing and sports cars. Eibach is known for its high-quality performance springs and suspension components. TEIN is a leading manufacturer of high-performance coilover suspension systems. KYB offers a comprehensive range of shock absorbers and suspension components for various vehicles.

These companies leverage advanced technologies and materials to develop cutting-edge suspension and handling solutions that meet the evolving demands of consumers and automakers. They invest in research and development to introduce new products and improve existing ones to stay competitive in the market.

In terms of sales revenue, ThyssenKrupp reported revenue of approximately $43 billion in the last fiscal year. MOOG Parts generated around $ billion in revenue, while Monroe reported revenue of over $900 million.

Overall, these companies play a crucial role in driving the growth of the automotive suspension and handling market by offering innovative products and solutions that enhance vehicle performance and ride quality. Their continuous innovation and commitment to quality help in expanding the market and meeting the diverse needs of customers.

• ThyssenKrupp
• Ohlins
• Eibach
• TEIN
• KYB
• MOOG Parts
• Kennedy-Wilson Holdings
• KONI
• GReddy
• HKS
• H&R
• Air Lift
• Monroe
• A'PEXi
• Hotchkis

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Automotive Suspension and Handling Market Analysis, by Type:

• ControlArms
• Solid/LiveAxle
• Multilink
• Others

Automotive Suspension and Handling systems play a crucial role in enhancing vehicle performance and improving overall driving experience. Control arms, solid/live axles, multilink suspension, and other types of suspension systems help provide stability, control, and comfort while driving. These systems absorb shocks, reduce body roll, and ensure optimal tire contact with the road surface, thereby boosting demand for advanced suspension technologies. With increasing consumer demand for comfortable and safe driving experiences, the automotive suspension and handling market continues to grow as automakers invest in innovative suspension technologies to meet these needs.

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Automotive Suspension and Handling Market Analysis, by Application:

• OEM
• Aftermarket

Automotive Suspension and Handling is essential for vehicle stability, control, and comfort. Original Equipment Manufacturers (OEM) integrate suspension systems into new vehicles to meet safety and performance standards. Aftermarket companies offer upgraded suspension components for customization and performance improvements. The aftermarket sector grows rapidly as enthusiasts seek better handling, ride comfort, and aesthetic appeal. The fastest growing application segment in terms of revenue is the aftermarket sector, driven by the demand for suspension upgrades in sports cars, off-road vehicles, and luxury cars to enhance driving dynamics and overall vehicle performance.

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Automotive Suspension and Handling Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The automotive suspension and handling market is projected to witness significant growth across all regions. North America, particularly the United States and Canada, is expected to dominate the market due to technological advancements and the presence of key players. Europe, led by Germany, France, and the UK, is also anticipated to have a substantial market share. In Asia-Pacific, countries like China, Japan, and India are expected to see strong growth, with China leading the market. Latin America, especially Mexico and Brazil, is forecasted to show rapid development. The Middle East & Africa region, including Turkey, Saudi Arabia, and the UAE, is also expected to contribute to market growth. Overall, the global market share of the Automotive Suspension and Handling market is estimated to be divided as follows: North America - 30%, Europe - 25%, Asia-Pacific - 30%, Latin America - 10%, and Middle East & Africa - 5%.

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