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Suspension System - Global Market Outlook (2017-2023)

Suspension System - Global Market Outlook (2017-2023)

According to Stratistics MRC, the Global Suspension System Market is accounted for $55.10 billion in 2016 and is expected to reach $91.68 billion by 2023 growing at a CAGR of 7.5% during the forecast period. Factors such as rising demand for luxury & comfort and regenerative suspension systems for electric & hybrid vehicles and rising vehicle fabrication are fueling the market growth. However, high expansion & implementation price of superior suspension systems affecting the growth of the market. One of the major opportunities in the market is advanced suspension systems for hybrid and electric vehicles.

Suspension is the system of tires, safeguards, springs, shock absorbers and linkages that connects a vehicle to its wheels and allows relative motion between the two. It should support roadholding /handling and ride quality. The suspension also protects the vehicle itself and any freight or gear from harm and wear. Suspension is growing mainly due to increase in demand for automobiles.

By Component, air compressor is a machine that transforms power into potential energy reserved in pressurized air. An air compressor must be separated from a pneumatic machine which only pumps air from one setting into another. Air pumps don't contain an air tank for storing pressurized air and are generally much slower, calmer, and more affordable to own and control than an air compressor.

By Geography, Asia Pacific is expected to grow at the highest CAGR during the forecast period attributed to the increasing demand for advanced suspension systems. There is growing demand for advanced automotive suspension systems in emerging countries of Asia pacific such as India and China.

Some of the key players in Suspension System market include Zf Friedrichshafen AG, Wabco Holdings Inc., Bose Corporation, Thyssenkrupp AG, Tenneco Inc., Schaeffler AG, Mando Corporation, Magneti Marelli S.P.A., KYB Corporation, Continental AG, BWI Group, Benteler International AG, Hitachi Automotive Systems, Ltd., LORD Corporation and Eaton Corporation Plc.

Components Covered:
• Air Compressor
• Air Spring
• Ball Joint
• Controller/Control Arms
• Leaf Spring
• Shock Dampener
• Struts

Damping Types Covered:
• Electromagnetically Damped Suspension System
• Hydraulically/Pneumatically Damped Suspension System

Architectures Covered:
• Semi-Independent/Independent Suspension System
• Double Wishbone
• Dependent Suspension System
• Macpherson Strut

Vehicle Types Covered:
• Commercial Vehicle
• Passenger Vehicle

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
France
Italy
UK
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Suspension System Market, By Component
5.1 Introduction
5.2 Air Compressor
5.3 Air Spring
5.4 Ball Joint
5.5 Controller/Control Arms
5.6 Leaf Spring
5.7 Shock Dampener
5.8 Struts
6 Global Suspension System Market, By Damping Type
6.1 Introduction
6.2 Electromagnetically Damped Suspension System
6.3 Hydraulically/Pneumatically Damped Suspension System
7 Global Suspension System Market, By Architecture
7.1 Introduction
7.2 Semi-Independent/Independent Suspension System
7.3 Double Wishbone
7.4 Dependent Suspension System
7.5 Macpherson Strut
8 Global Suspension System Market, By Vehicle Type
8.1 Introduction
8.2 Commercial Vehicle
8.3 Passenger Vehicle
9 Global Suspension System Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Zf Friedrichshafen AG
11.2 Wabco Holdings Inc.
11.3 Bose Corporation
11.4 Thyssenkrupp AG
11.5 Tenneco Inc.
11.6 Schaeffler AG
11.7 Mando Corporation
11.8 Magneti Marelli S.P.A.
11.9 KYB Corporation
11.10 Continental AG
11.11 BWI Group
11.12 Benteler International AG
11.13 Hitachi Automotive Systems, Ltd.
11.14 LORD Corporation
11.15 Eaton Corporation Plc
List of Tables
Table 1 Global Suspension System Market Outlook, By Region (2014-2023) ($MN)
Table 2 Global Suspension System Market Outlook, By Component (2014-2023) ($MN)
Table 3 Global Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
Table 4 Global Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
Table 5 Global Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
Table 6 Global Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
Table 7 Global Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
Table 8 Global Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
Table 9 Global Suspension System Market Outlook, By Struts (2014-2023) ($MN)
Table 10 Global Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
Table 11 Global Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
Table 12 Global Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
Table 13 Global Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
Table 14 Global Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
Table 15 Global Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
Table 16 Global Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
Table 17 Global Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
Table 18 Global Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
Table 19 Global Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
Table 20 Global Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)
Table 21 North America Suspension System Market Outlook, By Country (2014-2023) ($MN)
Table 22 North America Suspension System Market Outlook, By Component (2014-2023) ($MN)
Table 23 North America Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
Table 24 North America Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
Table 25 North America Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
Table 26 North America Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
Table 27 North America Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
Table 28 North America Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
Table 29 North America Suspension System Market Outlook, By Struts (2014-2023) ($MN)
Table 30 North America Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
Table 31 North America Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
Table 32 North America Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
Table 33 North America Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
Table 34 North America Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
Table 35 North America Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
Table 36 North America Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
Table 37 North America Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
Table 38 North America Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
Table 39 North America Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
Table 40 North America Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)
Table 41 Europe Suspension System Market Outlook, By Country (2014-2023) ($MN)
Table 42 Europe Suspension System Market Outlook, By Component (2014-2023) ($MN)
Table 43 Europe Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
Table 44 Europe Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
Table 45 Europe Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
Table 46 Europe Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
Table 47 Europe Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
Table 48 Europe Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
Table 49 Europe Suspension System Market Outlook, By Struts (2014-2023) ($MN)
Table 50 Europe Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
Table 51 Europe Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
Table 52 Europe Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
Table 53 Europe Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
Table 54 Europe Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
Table 55 Europe Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
Table 56 Europe Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
Table 57 Europe Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
Table 58 Europe Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
Table 59 Europe Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
Table 60 Europe Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)
Table 61 Asia Pacific Suspension System Market Outlook, By Country (2014-2023) ($MN)
Table 62 Asia Pacific Suspension System Market Outlook, By Component (2014-2023) ($MN)
Table 63 Asia Pacific Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
Table 64 Asia Pacific Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
Table 65 Asia Pacific Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
Table 66 Asia Pacific Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
Table 67 Asia Pacific Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
Table 68 Asia Pacific Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
Table 69 Asia Pacific Suspension System Market Outlook, By Struts (2014-2023) ($MN)
Table 70 Asia Pacific Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
Table 71 Asia Pacific Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
Table 72 Asia Pacific Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
Table 73 Asia Pacific Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
Table 74 Asia Pacific Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
Table 75 Asia Pacific Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
Table 76 Asia Pacific Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
Table 77 Asia Pacific Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
Table 78 Asia Pacific Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
Table 79 Asia Pacific Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
Table 80 Asia Pacific Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)
Table 81 South America Suspension System Market Outlook, By Country (2014-2023) ($MN)
Table 82 South America Suspension System Market Outlook, By Component (2014-2023) ($MN)
Table 83 South America Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
Table 84 South America Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
Table 85 South America Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
Table 86 South America Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
Table 87 South America Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
Table 88 South America Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
Table 89 South America Suspension System Market Outlook, By Struts (2014-2023) ($MN)
Table 90 South America Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
Table 91 South America Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
Table 92 South America Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
Table 93 South America Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
Table 94 South America Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
Table 95 South America Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
Table 96 South America Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
Table 97 South America Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
Table 98 South America Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
Table 99 South America Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
Table 100 South America Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)
Table 101 Middle East & Africa Suspension System Market Outlook, By Country (2014-2023) ($MN)
Table 102 Middle East & Africa Suspension System Market Outlook, By Component (2014-2023) ($MN)
Table 103 Middle East & Africa Suspension System Market Outlook, By Air Compressor (2014-2023) ($MN)
Table 104 Middle East & Africa Suspension System Market Outlook, By Air Spring (2014-2023) ($MN)
Table 105 Middle East & Africa Suspension System Market Outlook, By Ball Joint (2014-2023) ($MN)
Table 106 Middle East & Africa Suspension System Market Outlook, By Controller/Control Arms (2014-2023) ($MN)
Table 107 Middle East & Africa Suspension System Market Outlook, By Leaf Spring (2014-2023) ($MN)
Table 108 Middle East & Africa Suspension System Market Outlook, By Shock Dampener (2014-2023) ($MN)
Table 109 Middle East & Africa Suspension System Market Outlook, By Struts (2014-2023) ($MN)
Table 110 Middle East & Africa Suspension System Market Outlook, By Damping Type (2014-2023) ($MN)
Table 111 Middle East & Africa Suspension System Market Outlook, By Electromagnetically Damped Suspension System (2014-2023) ($MN)
Table 112 Middle East & Africa Suspension System Market Outlook, By Hydraulically/Pneumatically Damped Suspension System (2014-2023) ($MN)
Table 113 Middle East & Africa Suspension System Market Outlook, By Architecture (2014-2023) ($MN)
Table 114 Middle East & Africa Suspension System Market Outlook, By Semi-Independent/Independent Suspension System (2014-2023) ($MN)
Table 115 Middle East & Africa Suspension System Market Outlook, By Double Wishbone (2014-2023) ($MN)
Table 116 Middle East & Africa Suspension System Market Outlook, By Dependent Suspension System (2014-2023) ($MN)
Table 117 Middle East & Africa Suspension System Market Outlook, By Macpherson Strut (2014-2023) ($MN)
Table 118 Middle East & Africa Suspension System Market Outlook, By Vehicle Type (2014-2023) ($MN)
Table 119 Middle East & Africa Suspension System Market Outlook, By Commercial Vehicle (2014-2023) ($MN)
Table 120 Middle East & Africa Suspension System Market Outlook, By Passenger Vehicle (2014-2023) ($MN)

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