Automotive Suspension System Market 2019 Global Size, Competitive Strategies, Emerging Technology, Growth Parameters, Industry Analysis, Regional Outlook, Forecast To 2023

May 9, 2019

Global Automotive Suspension System Market to Surpass USD 72,700 Mn By 2023 during the forecast period of 2019 to 2023. Automotive Suspension System Market: By Suspension System (Active Suspension System, Semi-Active Suspension System and Passive Suspension System), By Damping Type, Vehicle Type, Sales Channel.

Pune, India - May 9, 2019 /MarketersMedia/ —

According to the latest report Automotive Suspension System Market: By Suspension System (Active Suspension System, Semi-Active Suspension System and Passive Suspension System), By Damping Type (Hydraulic and Electromagnetic), By Vehicle Type (Passenger Cars and Commercial Vehicle), By Sales Channel (OEM and Aftermarket) and by Regions with Forecast To 2023, published by Market Research Future, the Global Automotive Suspension System Market to Surpass USD 72,700 Mn By 2023 during forecast period of 2019 to 2023.

Automotive Suspension System Market Key Players:

Some of the leading companies operating in the market include ZF friedrichshafen AG, Continental AG, Tenneco Inc.¸ BENTELER international AG, ThyssenKrupp AG, KYB Corporation, Mondo Corp, Magneti Marelli SpA, Sogefi SpA and Schaeffler AG

Get Free Sample @ https://www.marketresearchfuture.com/sample_request/1853

Automotive Suspension System Market Drivers and Restraints:

The global automotive suspension system market is poised to surge at a compound annual growth rate (CAGR) of 5.40% during the forecast period (2018-2023). The market is expected to surpass a valuation of USD 72,700 Mn by the year 2023. All modern vehicles have a suspension system as a mechanism for smooth ride and to reduce bumps. Increased safety regulations, arrival of innovative suspension systems and rising demand for commercial and passenger vehicles are some of the key factors supporting the global automotive suspension system market. At the same time, increasing use of lightweight materials in suspension system and demand for regenerative suspension system for electric and hybrid vehicles is creating lucrative market opportunities. 

The global automotive suspension system market is characterized by a large number of vendors.  Some of the market players have an impressive offshore presence. Larger brands are collaborating with domestic vendors to further consolidate their market position. Joint ventures and collaborations are among the primary growth strategies adopted by market players. Also, investment in product innovation and R&D programs remains a key area of focus.

The report covers the development strategies adopted by the companies between 2015 to 2018. 

Key Development

In September 2018, Schaeffler India Ltd. announced the successful merger of INA Bearings India Private Limited (INA India) and LuK India Private Limited (LuK India).
In August 2018, Continental expanded its sales network through the acquisition of the Kmart Tyre and Auto Service chain (KTAS).
Tenneco Inc. recently acquired Öhlins Racing A.B., which is a Swedish technology company that develops premium suspension systems and components for automotive and motorsport industries.

Global Automotive Suspension System Market Segments Analysis:

By Suspension System - Active Suspension System, Semi-Active Suspension System and Passive Suspension System

By Damping Type - Hydraulic and Electromagnetic

By Vehicle Type - Passenger Cars and Commercial Vehicle

By Sales Channel - OEM and Aftermarket

Global Automotive Suspension System Market Regional Analysis:
In 2017, Asia Pacific (APAC) represented the largest market for automotive suspension system. The region accounted for 49.6% share of the market in terms of revenue. During the forecast period, the APAC automotive suspension system market is set to exhibit an impressive CAGR.. In recent years, there has been a tremendous growth in the auto component manufacturing sector in the region. China’s rise as a major automotive manufacturing hub has also provided scope for the market to grow rapidly. Moreover, availability of low-cost labor and raw material has been an attractive prospect for foreign manufacturers. The region will continue to present attractive opportunities to market players over the next couple of years.

Report Overview:

The report for Global Automotive Suspension System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARIES

2 MARKET INTRODUCTIONS

2.1 Definition

2.2 Scope Of The Study

2.3 List Of Assumptions

2.4 Market Structure

3 RESEARCH METHODOLOGY

3.1 Research Process  

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model  

4 MARKET DYNAMICS

4.1 Drivers 

4.1.1 Rise In Concerns Regarding Safety And Comfort In Vehicles

4.1.2 Demand For Advanced Suspension Technologies In Commercial Vehicles And Premium High-End Vehicles

4.1.3 Increase In Sale Of Automobiles

4.2 Restraints

4.2.1 High Cost Of Suspension System And Its Installation In The Aftermarket 29 

4.3 Opportunities

4.3.1 Use Of Lightweight Materials In Suspension System

4.3.2 Demand For Regenerative Suspension System For Electric And Hybrid Vehicles

Continued…

List Of Tables:

TABLE 1 MARKET SYNOPSIS 

TABLE 2 LIST OF ASSUMPTIONS 

TABLE 3 MAJOR PREMIUM HIGH-END PASSENGER VEHICLE MODELS EQUIPPED WITH AIR SUSPENSION:

TABLE 4 DRIVER IMPACT ANALYSIS: GLOBAL AUTOMOTIVE SUSPENSION SYSTEM MARKET

TABLE 5 RESTRAINT IMPACT ANALYSIS: GLOBAL AUTOMOTIVE SUSPENSION SYSTEM MARKET

TABLE 6 EV SALES IN 2030, PROJECTED BY VEHICLE MANUFACTURER

Continued…

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Market Research Future

+1 646 845 9312

[email protected] 

Contact Info:
Name: Abhishesk Sawant
Organization: Market Research Future
Address: Amanora, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/automotive-suspension-system-market-1853

Source URL: https://marketersmedia.com/automotive-suspension-system-market-2019-global-size-competitive-strategies-emerging-technology-growth-parameters-industry-analysis-regional-outlook-forecast-to-2023/510773

Source: MarketersMedia

Release ID: 510773

More News

Injured Kim Woo-min finishes last in 1,500m freestyle swimming
Sep 22, 2026

Injured Kim Woo-min finishes last in 1,500m freestyle swimming

TOKYO — The injured South Korean swimmer Kim Woo-min finished last among eight finalists in the men's 1,500-meter freestyle event at the Asian Games on Tuesday, a shocking result for the 2023 silver medalist. Kim touched the pad in 15:16.52 to finish in eighth place at Tokyo Aquatics Centre in the Japanese capital. He was more than 34 seconds slower than the champion, Zhang Zhanshuo of China. Kim was in third place through the first 600m but started falling behind at the next 50m split. He dropped to last place at the 800m mark and never recovered the rest of the way. Kim revealed after the race that he had been dealing with a partially torn labrum and rotator cuff in his left shoulder for the past couple of months. On Monday, Kim helped South Korea to bronze in the men's 4x200m freestyle relay. Kim was slated to compete in four more races -- 200m freestyle on Wednesday, 800m freestyle and 4x100m freestyle relay on Thursday, and 400m freestyle on Friday, the last day of swimming. However, moments after Kim's 1,500m race, national team officials said Kim will not enter the 200m freestyle

Gillingham’s EFL Trophy balancing act ahead of York trip
Sep 22, 2026

Gillingham’s EFL Trophy balancing act ahead of York trip

Gillingham’s Jersey Mike’s Trophy campaign starts tonight – but the manager won’t be taking any risks ahead of a big weekend clash.

Gillingham’s ‘under the radar’ days are over as promotion backing surges
Sep 22, 2026

Gillingham’s ‘under the radar’ days are over as promotion backing surges

Gareth Ainsworth wanted Gillingham to stay under the radar this season – but their impressive run of form has made sure that’s no longer an option.

JRU denies CSB to go 2-0
Sep 22, 2026

JRU denies CSB to go 2-0

MANILA, Philippines — Jose Rizal University denied the comeback bid of the De La Salle - College of Saint Benilde, 73-69, at the San Juan Arena on Tuesday to go 2-0 in the NCAA Season 102 men's basketball tournament. Squandering a 16-point lead, the Heavy Bombers stayed composed down the stretch with Lawrence Mangubat scoring three insurance free throws to secure the win with four seconds left. Ian Torres missed his trey on the other end as CSB fell to 2-1, just behind new Group A leader JRU. Mangubat finished with 20 points and nine rebounds while Chris Hubilla backstopped him with 12 markers, seven boards, and four blocks.

LOOK: JRU def. CSB (73-69)
Sep 22, 2026

LOOK: JRU def. CSB (73-69)

NCAA Season 102 Men’s Basketball Tournament JRU def. CSB, 73-69 Chris Hubilla Player of the Game #NCAASeason102

‘It’s a marker’ - Ainsworth’s message after Gillingham sweep aside Bristol Rovers
Sep 22, 2026

‘It’s a marker’ - Ainsworth’s message after Gillingham sweep aside Bristol Rovers

Gareth Ainsworth believes Gillingham have “got something special” after they sent out a statement with a 3-0 win over Bristol Rovers at Priestfield.

PH men's football team gets first Asian Games win in 68 years 
Sep 22, 2026

PH men's football team gets first Asian Games win in 68 years 

MANILA, Philippines — The Philippine men's U23 team gave the country its first Asian Games win in 68 years or since 1958 with a 2-1 victory over Kuwait at the Nagoya City Minato Soccer Field in Japan on Tuesday afternoon. Andres Aldeguer scored on a penalty kick in the first minute of the added time to deliver the clincher for the Philippines, which exited the tournament with 3 points on a 1-2 record. Losses to Uzbekistan (5-1) and Vietnam (2-0) denied the Philippines a quarterfinal berth.

Kayla Sanchez misses podium by hair in Asian Games women's 100m free
Sep 22, 2026

Kayla Sanchez misses podium by hair in Asian Games women's 100m free

MANILA, Philippines — Filipino tanker Kayla Sanchez missed the podium by a hair in the 20th Asian Games women's 100m freestyle at the Tokyo Aquatics Centre in Japan Tuesday afternoon. Sanchez clocked 53.65 seconds, just 0.18 seconds slower than bronze medalist Cheng Yukie of China who timed 53.17. Siobhan Haughey of Hong Kong seized the gold medal with 52.45 seconds as Yu Yiting of China took the silver with 53.21. Heather White, the other Philippine bet in the final, finished 10th and last with 56.01 seconds.

Raga reigns supreme in all-Filipino Japan Open finale
Sep 22, 2026

Raga reigns supreme in all-Filipino Japan Open finale

MANILA, Philippines — Filipino pool maestro Anton Raga put on a masterclass performance on the international stage, claiming the 2026 Japan Men’s Open title with an emphatic 8–3 triumph over compatriot Antonio Lining in a thriller of a championship match. Setting up a high-stakes, all-Filipino final, both cueists showcased the world-class caliber of Philippine billiards.  However, it was Raga who dictated the tempo from the opening rack, exhibiting ice-cold composure and relentless shotmaking to pull away from Lining and secure the decisive victory.

Thai badminton player first doping case at Asian Games
Sep 22, 2026

Thai badminton player first doping case at Asian Games

NAGOYA, Japan — Thai women's badminton player Pitchamon Opatniputh became the first known doping case at the Asian Games in Japan on Monday, testers said. The 19-year-old returned a positive sample for the banned substance furosemide and has been provisionally suspended, the International Testing Agency said. The teenager, who is ranked 18th in the world and regarded as a rising star back home, had been due to face China on Tuesday in the team event. The first full day of badminton action at Asia's biggest sporting spectacular was on Sunday. "The athlete is prevented from competing, training, coaching or participating in any activity during the Asian Games Aichi-Nagoya 2026," the ITA said. The agency noted that Pitchamon can challenge the provisional suspension at the Court of Arbitration for Sport (CAS). "The athlete also has the right to request the analysis of the B-sample," it added. Furosemide can be used by competitors to excrete water for rapid weight loss. The sample was collected by the ITA during out-of-competition testing on September 17. AFP

Saclag bags silver in Asian Games MMA
Sep 22, 2026

Saclag bags silver in Asian Games MMA

MANILA, Philippines — Filipino fighter Jean Claude Saclag bagged a silver medal in the 20th Asian Games after falling to Otabek Rajabov of Tajikistan, 3-0, in the mixed martial arts men's traditional -65kg final at the Nagoya City Inae Sports Center in Japan on Tuesday afternoon. Saclag scored an early knockdown but Rajabov bounced back and turned the fight into a ground game which he dominated. With his striking game negated, Saclag found no counter to Rajabov whose wrestling and ground game proved topnotch. Saclag nonetheless gave the Philippines its first silver medal in the ongoing continental meet, raising the country's medal haul to four following three bronzes.

SportsPlus gives MPBL All-Star royal treatment
Sep 22, 2026

SportsPlus gives MPBL All-Star royal treatment

MANILA, Philippines — Expect sports to be elevated when SportsPlus gets involved. That was evident at the 2026 SportsPlus MPBL (Maharlika Pilipinas Basketball League) All-Star Festivities held last Saturday at the Ynares Center Montalban in Rizal Province. As the official title partner of the country’s biggest regional basketball league, SportsPlus went all-out to deliver an All-Star experience worthy of the occasion. SportsPlus deployed a full production team to document, organize, and overall support the annual extravaganza, which featured an afternoon exhibition game between the North and South Division Executives, with the North and South All-Stars battling to an 89-89 draw. Hours before the festivities began, SportsPlus personnel were already at the venue, setting up activation booths, checking broadcast equipment, and rehearsing their various roles, including the energetic SportsPlus dancers who kept fans entertained throughout the event. By 1 p.m., the registration booth and fan zone were open, giving supporters the chance to mingle, take photos, and get up close with their favorite MPBL stars. The SP dancers added energy to the festivities during the intermissions, becoming part of the action in several events. Gilas Pilipinas legend Ranidel de Ocampo and stand-up comedian GB Labrador, both SportsPlus Balyahan hosts, scored and witnessed Joe Gomez de Liano’s highlight reel during the Slam Dunk Competition. Halftime brought even more excitement as fans had the chance to win SportsPlus T-shirts through Pop Up Shot/Bazooka and Molten basketballs tossed into the crowd by MPBL Commissioner Emmer Oreta, with help from Stepping Curry and Lebwrong James, the NBA impersonators portraying Stephen Curry and LeBron James, as well as SportsPlus mascot Kalaw D’Kalbaw. But among the biggest attractions was the SportsPlus Clutch Time Challenge. The challenge gave two contestants a chance to win P50,000  Neither contestant made it past the 3-pointer, settling for consolation prizes instead. Still, the Clutch Time Challenge has already handed out significant cash prizes in the past, with more up for grabs as the 2026 SportsPlus MPBL season continues. “SportsPlus is proud to be part of this year’s MPBL All-Star festivities. As the Official Title Partner of the MPBL, we are committed to creating a more engaging and memorable experience for fans through our activations, interactive games, and giveaways,” said SportsPlus Head of Brand Marketing Paul Macalindong. And SportsPlus is only getting started. The sportsbook is already preparing to bring the same level of energy and execution to the MPBL play-in tournament, playoffs, division finals, and National Finals. From the biggest moments on the court to the experiences surrounding them, SportsPlus continues to push for excellence, raising the bar every time it gets involved in Philippine sports. TMT

Recommended

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.