Global Heavy-duty Truck Suspension System Market 2020-2024

Global Heavy-duty Truck Suspension System Market 2020-2024

Technavio has been monitoring the heavy-duty truck suspension system market and it is poised to grow by 120.02 thousand units during 2020-2024, decelerating at a CAGR of 1% during the forecast period. Our reports on heavy-duty truck suspension system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing sales of heavy-duty trucks, rising need for smooth freight transportation and increasing demand for lightweight and durable suspension systems. In addition, growing sales of heavy-duty trucks is anticipated to boost the growth of the market as well.

The heavy-duty truck suspension system market analysis includes the weight rating segment and geographical landscapes.

Technavio's heavy-duty truck suspension system market is segmented as below:

By Weight Rating

  • Class 8
  • Class 7
By Geographical Landscape
  • APAC
  • North America
  • Europe
  • South America
  • MEA
This study identifies the development of standards for non-metallic air suspension system tubing with one or more layers as one of the prime reasons driving the heavy-duty truck suspension system market growth during the next few years. Also, liftable forward tandem axle and multi-linkage suspension system in heavy vehicles will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our heavy-duty truck suspension system market covers the following areas:
  • Heavy-duty truck suspension system market sizing
  • Heavy-duty truck suspension system market forecast
  • Heavy-duty truck suspension system market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heavy-duty truck suspension system market vendors that include Continental AG, Hendrickson Holdings LLC, JOST Werke AG, Meritor Inc., SAF-HOLLAND SE, Simard Suspensions Inc., thyssenkrupp AG, VDL Groep BV, WABCO Holdings Inc., and ZF Friedrichshafen AG. Also, the heavy-duty truck suspension system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
      • Value chain analysis- automotive components and accessories
      • Inputs:
      • Inbound logistics
      • Operations:
      • Distribution and logistics:
      • Marketing and sales:
      • Service:
      • Industry innovations:
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Market outlook
      • Impact of COVID-19 on Consumer Discretionary
        • Table Global - Market size and forecast 2019 - 2024 (thousand units)
        • Table Global Heavy-Duty Trucks Suspension System Market 2019-2024 (thousand units), exclusive of COVID-19 impact
        • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Gross vehicle weight rating by Volume
    • Market segments
      • Table Gross vehicle weight rating by volume - Market share 2019-2024 (%)
    • Comparison by Gross vehicle weight rating by volume
      • Table Comparison by Gross vehicle weight rating by volume
    • Class 8 - Market size and forecast 2019-2024 (thousand units)
      • Table Class 8 - Market size and forecast 2019-2024 (thousand units)
      • Table Class 8 Market 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table Class 8 - Year-over-year growth 2019-2024 (%)
    • Class 7 - Market size and forecast 2019-2024 (thousand units)
      • Table Class 7 - Market size and forecast 2019-2024 (thousand units)
      • Table Class 8 Market 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table Class 7 - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Gross vehicle weight rating by volume
      • Table Market opportunity by Gross vehicle weight rating by volume
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 (thousand units)
      • Table APAC Market 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 (thousand units)
      • Table North America Market 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (thousand units)
      • Table Europe Market 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 (thousand units)
      • Table South America Market 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (thousand units)
      • Table MEA Market 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography (thousand units)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing sales of heavy-duty trucks
      • Rising need for smooth freight transportation
      • Increasing demand for lightweight and durable suspension systems
    • Market challenges
      • Complexity of air suspension systems used in heavy-duty trucks
      • Overloading of heavy-duty trucks
      • GHG emission regulations
        • Table Impact of drivers and challenges
    • Market trends
      • Development of standards for non-metallic air suspension system tubing with one or more layers
      • Liftable forward tandem axle
      • Multi-linkage suspension system in heavy vehicles
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Continental AG
      • Table Continental AG - Overview
      • Table Continental AG - Business segments
      • Table Continental AG - Key news
      • Table Continental AG - Key offerings
      • Table Continental AG - Segment focus
    • Hendrickson Holdings LLC
      • Table Hendrickson Holdings LLC - Overview
      • Table Hendrickson Holdings LLC - Product and service
      • Table Hendrickson Holdings LLC - Key News
      • Table Hendrickson Holdings LLC - Key offerings
    • JOST Werke AG
      • Table JOST Werke AG - Overview
      • Table JOST Werke AG - Business segments
      • Table JOST Werke AG - Key News
      • Table JOST Werke AG - Key offerings
    • Meritor Inc.
      • Table Meritor Inc. - Overview
      • Table Meritor Inc. - Business segments
      • Table Meritor Inc. - Key News
      • Table Meritor Inc. - Key offerings
      • Table Meritor Inc. - Segment focus
    • SAF-HOLLAND SE
      • Table SAF-HOLLAND SE - Overview
      • Table SAF-HOLLAND SE - Business segments
      • Table SAF-HOLLAND SE - Key offerings
      • Table SAF-HOLLAND SE - Segment focus
    • Simard Suspensions Inc.
      • Table Simard Suspensions Inc. - Overview
      • Table Simard Suspensions Inc. - Product and service
      • Table Simard Suspensions Inc. - Key offerings
    • thyssenkrupp AG
      • Table thyssenkrupp AG - Overview
      • Table thyssenkrupp AG - Business segments
      • Table thyssenkrupp AG - Key offerings
      • Table thyssenkrupp AG - Segment focus
    • VDL Groep BV
      • Table VDL Groep BV - Overview
      • Table VDL Groep BV - Product and service
      • Table VDL Groep BV - Key News
      • Table VDL Groep BV - Key offerings
    • WABCO Holdings Inc.
      • Table WABCO Holdings Inc. - Overview
      • Table WABCO Holdings Inc. –Business segments
      • Table WABCO Holdings Inc. - Key offerings
      • Table WABCO Holdings Inc. –Segment focus
    • ZF Friedrichshafen AG
      • Table ZF Friedrichshafen AG - Overview
      • Table ZF Friedrichshafen AG - Business segments
      • Table ZF Friedrichshafen AG - Key offerings
      • Table ZF Friedrichshafen AG - Segment focus
  • Appendix
    • Scope of the report
      • Market Definition
      • Objective
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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