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Automotive Suspension Market

Publisher Evolve Business Intelligence
Published Apr 14, 2025
SKU # EVBI19932202

Description

The Automotive Suspension Market is projected to reach USD 59.88 billion by 2033, up from USD 45.87 billion in 2023, with a compound annual growth rate (CAGR) of 2.67% from 2023 to 2033. This market focuses on the design, manufacture, and sale of systems that enhance vehicle dynamics by absorbing shocks and ensuring stability. Key components include springs, shock absorbers, struts, and control arms. Market growth is driven by rising demand for passenger comfort, vehicle safety, and improved handling performance. Technological advancements such as adaptive and semi-active suspensions are also contributing to this growth. The market serves a variety of vehicles, from passenger cars to commercial trucks, and spans both the OEM (original equipment manufacturer) and aftermarket sectors.

The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.

Segments covered

By Vehicle Type (Two-wheeler, Passenger Cars, Commercial Vehicle)
By Suspension Type (Hydraulic Suspension, Air Suspension, Leaf Spring)
By Component (Spring, Shock Dampener, Struts, Control Arms, Ball Joint, Leaf Spring, Air Compressor, Component 8)
By System (Passive System, Semi Active/Active System)

Key players

Fox Factory, Inc.
Gabriel India Limited
Hendrickson
KYB Corporation
Mando Corporation
Sogefi
Tenneco INC.
ZF TRW
Wabco
Continental

Table of Contents

CHAPTER 1. Executive Summary
CHAPTER 2. Scope of the Study
2.1. Market Definition
2.2. Market Scope & Segmentation
2.2.1. Objective of Report
CHAPTER 3. Evolve BI Methodology
3.1. Data Collection & Validation Approach
3.2. Market Size Estimation and Forecast
CHAPTER 4. Exclusive Analysis
4.1. Market Opportunity Score
4.1.1. Vehicle Type Segement – Market Opportunity Score
4.1.2. Suspension Type Segment – Market Opportunity Score
4.1.3. Component Segment – Market Opportunity Score
4.1.4. System Segment – Market Opportunity Score
4.2. Key Market Influencing Indicators
CHAPTER 5. Market Insights and Trends
5.1. Value Chain Analysis
5.1.1. Vehicle Type
5.1.2. Manufacturing Process
5.1.3. Distribution Channel
5.1.4. End User
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining Power of Buyers
5.2.2. Bargaining Power of Suppliers
5.2.3. Threat of New Entrant
5.2.4. Threat of Substitute
5.2.5. Industry Rivalry
5.3. COVID-19 Impact and Post COVID Scenario on Automotive Suspension Market
5.3.1. Impact of COVID-19
5.3.2. Government Support and Industry Revival Policies
5.3.3. Measures Taken by Companies to Mitigate Negative Impact
5.3.4. Post COVID Trend
CHAPTER 6. MArket Dynamics
6.1. Introduction
6.2. Drivers
6.2.1. Driver 1
6.2.2. Driver 2
6.2.3. Driver 3
6.3. Restraints
6.3.1. Restraint 1
6.3.2. Restraint 2
6.4. Opportunity
6.4.1. Opportunity 1
CHAPTER 7. Global Automotive Suspension Market, By Vehicle Type
7.1. Introduction
7.1.1. Two-wheeler
7.1.2. Passenger Cars
7.1.3. Commercial Vehicle
CHAPTER 8. Global Automotive Suspension Market, By Suspension Type
8.1. Introduction
8.1.1. Hydraulic Suspension
8.1.2. Air Suspension
8.1.3. Leaf Spring
CHAPTER 9. Global Automotive Suspension Market, By Component
9.1. Introduction
9.1.1. Spring
9.1.2. Shock Dampener
9.1.3. Struts
9.1.4. Control Arms
9.1.5. Ball Joint
9.1.6. Leaf Spring
9.1.7. Air Compressor
CHAPTER 10. Global Automotive Suspension Market, By System
10.1. Introduction
10.1.1. Passive System
10.1.2. Semi Active/Active System
CHAPTER 11. Global Automotive Suspension Market, By Region
11.1. Introduction
11.2. NORTH AMERICA
11.2.1. North America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.2.2. North America: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.2.3. North America: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.2.4. North America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.2.5. North America: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.2.6. US
11.2.6.1. US: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.2.6.2. US: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.2.6.3. US: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.2.6.4. US: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.2.7. CANADA
11.2.7.1. Canada: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.2.7.2. Canada: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.2.7.3. Canada: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.2.7.4. Canada: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.2.8. MEXICO
11.2.8.1. Mexico: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.2.8.2. Mexico: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.2.8.3. Mexico: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.2.8.4. Mexico: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.3. Europe
11.3.1. Europe: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.3.2. Europe: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.3.3. Europe: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.3.4. Europe: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.5. Europe: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.3.6. U.K.
11.3.6.1. U.K.: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.3.6.2. U.K.: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.3.6.3. U.K.: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.6.4. U.K.: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.3.7. GERMANY
11.3.7.1. Germany: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.3.7.2. Germany: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.3.7.3. Germany: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.7.4. Germany: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.3.8. FRANCE
11.3.8.1. France: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.3.8.2. France: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.3.8.3. France: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.8.4. France: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.3.9. ITALY
11.3.9.1. Italy: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.3.9.2. Italy: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.3.9.3. Italy: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.9.4. Italy: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.3.10. SPAIN
11.3.10.1. Spain: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.3.10.2. Spain: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.3.10.3. Spain: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.10.4. Spain: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.3.11. BENELUX
11.3.11.1. BeNeLux: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.3.11.2. BeNeLux: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.3.11.3. BeNeLux: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.11.4. BeNeLux: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.3.12. RUSSIA
11.3.12.1. Russia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.3.12.2. Russia: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.3.12.3. Russia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.12.4. Russia: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.3.13. REST OF EUROPE
11.3.13.1. Rest of Europe: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.3.13.2. Rest of Europe: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.3.13.3. Rest of Europe: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.13.4. Rest of Europe: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.4. Asia Pacific
11.4.1. Asia Pacific: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.4.2. Asia Pacific: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.4.3. Asia Pacific: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.4.4. Asia Pacific: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.5. Asia Pacific: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.4.6. CHINA
11.4.6.1. China: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.4.6.2. China: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.4.6.3. China: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.6.4. China: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.4.7. JAPAN
11.4.7.1. Japan: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.4.7.2. Japan: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.4.7.3. Japan: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.7.4. Japan: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.4.8. INDIA
11.4.8.1. India: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.4.8.2. India: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.4.8.3. India: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.8.4. India: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.4.9. SOUTH KOREA
11.4.9.1. South Korea: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.4.9.2. South Korea: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.4.9.3. South Korea: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.9.4. South Korea: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.4.10. THAILAND
11.4.10.1. Thailand: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.4.10.2. Thailand: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.4.10.3. Thailand: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.10.4. Thailand: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.4.11. INDONESIA
11.4.11.1. Indonesia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.4.11.2. Indonesia: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.4.11.3. Indonesia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.11.4. Indonesia: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.4.12. MALAYSIA
11.4.12.1. Malaysia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.4.12.2. Malaysia: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.4.12.3. Malaysia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.12.4. Malaysia: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.4.13. AUSTRALIA
11.4.13.1. Australia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.4.13.2. Australia: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.4.13.3. Australia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.13.4. Australia: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.4.14. REST FO ASIA PACIFIC
11.4.14.1. Rest fo Asia Pacific: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.4.14.2. Rest fo Asia Pacific: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.4.14.3. Rest fo Asia Pacific: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.14.4. Rest fo Asia Pacific: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.5. South America
11.5.1. South America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.5.2. South America: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.5.3. South America: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.5.4. South America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.5.5. South America: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.5.6. BRAZIL
11.5.6.1. Brazil: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.5.6.2. Brazil: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.5.6.3. Brazil: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.5.6.4. Brazil: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.5.7. ARGENTINA
11.5.7.1. Argentina: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.5.7.2. Argentina: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.5.7.3. Argentina: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.5.7.4. Argentina: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.5.8. REST OF SOUTH AMERICA
11.5.8.1. Rest of South America: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.5.8.2. Rest of South America: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.5.8.3. Rest of South America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.5.8.4. Rest of South America: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.6. Middle East & Africa
11.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.6.2. Middle East & Africa: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.6.3. Middle East & Africa: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.6.4. Middle East & Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.5. Middle East & Africa: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.6.6. SAUDI ARABIA
11.6.6.1. Saudi Arabia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.6.6.2. Saudi Arabia: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.6.6.3. Saudi Arabia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.6.4. Saudi Arabia: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.6.7. UAE
11.6.7.1. UAE: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.6.7.2. UAE: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.6.7.3. UAE: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.7.4. UAE: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.6.8. EGYPT
11.6.8.1. Egypt: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.6.8.2. Egypt: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.6.8.3. Egypt: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.8.4. Egypt: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.6.9. SOUTH AFRICA
11.6.9.1. South Africa: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.6.9.2. South Africa: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.6.9.3. South Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.9.4. South Africa: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
11.6.10. REST OF MIDDLE EAST & AFRICA
11.6.10.1. Rest of Middle East & Africa: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
11.6.10.2. Rest of Middle East & Africa: Market Size and Forecast, By Suspension Type, 2023 – 2033 ($ Million)
11.6.10.3. Rest of Middle East & Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.10.4. Rest of Middle East & Africa: Market Size and Forecast, By System, 2023 – 2033 ($ Million)
CHAPTER 12. Competitive Landscape
12.1. Competitior Benchmarking 2023
12.2. Market Share Analysis
12.3. Key Developments Analysis By Top 5 Companies
12.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
CHAPTER 13. Company Profiles
13.1. Fox Factory, Inc.
13.1.1. Business Overview
13.1.2. Financial Analysis
13.1.2.1. Business Segment Revenue, 2018, 2019, 2020, $ Million
13.1.2.2. Geographic Revenue Mix, 2020 (% Share)
13.1.3. Product Portfolio
13.1.4. Recent Development and Strategies Adopted
13.1.5. SWOT Analysis
13.2. Gabriel India Limited
13.3. Hendrickson
13.4. KYB Corporation
13.5. Mando Corporation
13.6. Sogefi
13.7. Tenneco INC.
13.8. ZF TRW
13.9. Wabco
13.10. Continental

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