Market Overview:
The global advanced suspension system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced suspension systems in heavy vehicles and light vehicles. Additionally, the growing demand for luxury cars and SUVs is also propelling the growth of the global advanced suspension system market. The global advanced suspension system market can be segmented on the basis of type into semi-active suspension systems, active electromagnetic suspension systems, and others. Active electromagnetic suspensions systems are expected to witness high growth during the forecast period owing to their superior performance as compared to other types of suspensions systems. The global advanced suspension system market can also be segmented on the basis of application into heavy vehicles, light vehicles, and others.
Product Definition:
An advanced suspension system is a type of suspension that uses advanced technologies to improve the ride quality and handling of a vehicle. These systems can include features such as adaptive damping, active stabilisation, and wheel steering. They are often found on high-end vehicles or performance cars, and can provide a significant improvement in ride quality and handling over traditional suspension systems.
Semi-Active Suspension Systems:
Semi-active suspension systems are a group of advanced passive safety systems that use hydraulic fluid to provide active damping. The system works by controlling the motion of vehicles through the application of force, and is an effective way to reduce crash energy.
The semi-active suspension system market is expected to grow at a CAGR greater than 5% over the forecast period owing to increasing demand for safer cars with better comfort levels and fuel efficiency.
Active Electromagnetic Suspension Systems:
Active electromagnetic suspension systems are used in Advanced Suspension System to improve the stability and handling of vehicles. The key benefit of this technology is that it allows engineers to control the movement of mass, which results in improved ride quality and reduced vibrations.
The Active Electromagnetic Suspension (AES) system uses a combination of electric motors and superconducting magnets for improving vehicle performance by reducing body roll during driving along with controlling wheel vibration.
Application Insights:
The heavy vehicle application segment led the market and accounted for more than a 38% share of the global revenue in 2017. Advanced suspensions help improve ride quality, reduce noise and friction, as well as increase safety and comfort by reducing body lean angles. Moreover, they also have a significant impact on improving fuel efficiency by reducing aerodynamic drag. The aforementioned factors are likely to drive the demand for advanced suspension systems over the forecast period.
Light vehicles include passenger cars or sports cars with four-wheel drive (4WD) capable of handling lightweight tires that provide better grip in dry weather conditions at lower speeds compared to standard all-season tires used on conventional vehicles.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% from 2018 to 2030. The increasing number of heavy vehicle traffic in China, India, and other countries is anticipated to drive the market for advanced suspensions in Asia Pacific. Moreover, rising disposable income coupled with increased consumer preference for passenger vehicles is likely to boost sales volume of premium cars including luxury cars and sports cars in this region which will further propel product demand.
The North American regional market accounted for more than 25% share in 2017 owing to early adoption by manufacturers and extensive R&D activities undertaken by them pertaining Suspension System (SUS) components such as airbags, anti-lock braking system (ABS), electronic stability program (ESP), etcetera. In addition, stringent government regulations regarding safety performance standards are also driving industry growth across North America region.
Growth Factors:
- Increasing demand for luxury and comfort in vehicles
- Rising disposable income of consumers
- Technological advancements in suspension systems
- Stringent government regulations for safety and emission control
- Growing popularity of off-road sports and adventure tourism
Scope Of The Report
Report Attributes
Report Details
Report Title
Advanced Suspension System Market Research Report
By Type
Semi-Active Suspension Systems, Active Electromagnetic Suspension Systems, Others
By Application
Heavy Vehicle, Light Vehicle, Others
By Companies
Audi AG (Germany), Benteler Automobiltechnik GmbH (Germany), Benteler International AG (Austria), Delphi Automotive LLP (USA), Fiat SpA (Italy), Bridgestone Americas, Inc. (USA), Ford Motor Company (USA), Freudenberg Sealing Technologies GmbH & Co. KG (Germany), BMW North America LLC (USA), Bose Corporation (USA), Audi AG (Germany), Continental AG (Germany), Hendrickson USA LLC (USA), Hitachi Automotive Systems Ltd. (Japan), Daimler AG (Germany)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Advanced Suspension System Market Report Segments:
The global Advanced Suspension System market is segmented on the basis of:
Types
Semi-Active Suspension Systems, Active Electromagnetic Suspension Systems, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Heavy Vehicle, Light Vehicle, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Audi AG (Germany)
- Benteler Automobiltechnik GmbH (Germany)
- Benteler International AG (Austria)
- Delphi Automotive LLP (USA)
- Fiat SpA (Italy)
- Bridgestone Americas, Inc. (USA)
- Ford Motor Company (USA)
- Freudenberg Sealing Technologies GmbH & Co. KG (Germany)
- BMW North America LLC (USA)
- Bose Corporation (USA)
- Audi AG (Germany)
- Continental AG (Germany)
- Hendrickson USA LLC (USA)
- Hitachi Automotive Systems Ltd. (Japan)
- Daimler AG (Germany)
Highlights of The Advanced Suspension System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Semi-Active Suspension Systems
- Active Electromagnetic Suspension Systems
- Others
- By Application:
- Heavy Vehicle
- Light Vehicle
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Advanced Suspension System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Advanced Suspension System (ASS) is a suspension system found on some Ford vehicles. It uses an air spring and shock absorber to provide the vehicle with improved ride quality over traditional coil springs and shocks. ASS is available as an option on certain models, including the Ford F-150, Lincoln MKZ, and Mercury Milan.
Some of the major players in the advanced suspension system market are Audi AG (Germany), Benteler Automobiltechnik GmbH (Germany), Benteler International AG (Austria), Delphi Automotive LLP (USA), Fiat SpA (Italy), Bridgestone Americas, Inc. (USA), Ford Motor Company (USA), Freudenberg Sealing Technologies GmbH & Co. KG (Germany), BMW North America LLC (USA), Bose Corporation (USA), Audi AG (Germany), Continental AG (Germany), Hendrickson USA LLC (USA), Hitachi Automotive Systems Ltd. (Japan), Daimler AG (Germany).
The advanced suspension system market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Advanced Suspension System Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Advanced Suspension System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Advanced Suspension System Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Advanced Suspension System Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Advanced Suspension System Market Size & Forecast, 2020-2028 4.5.1 Advanced Suspension System Market Size and Y-o-Y Growth 4.5.2 Advanced Suspension System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Semi-Active Suspension Systems
5.2.2 Active Electromagnetic Suspension Systems
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Heavy Vehicle
6.2.2 Light Vehicle
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Advanced Suspension System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Advanced Suspension System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Semi-Active Suspension Systems
9.6.2 Active Electromagnetic Suspension Systems
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Heavy Vehicle
9.10.2 Light Vehicle
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Semi-Active Suspension Systems
10.6.2 Active Electromagnetic Suspension Systems
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Heavy Vehicle
10.10.2 Light Vehicle
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Semi-Active Suspension Systems
11.6.2 Active Electromagnetic Suspension Systems
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Heavy Vehicle
11.10.2 Light Vehicle
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Semi-Active Suspension Systems
12.6.2 Active Electromagnetic Suspension Systems
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Heavy Vehicle
12.10.2 Light Vehicle
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Semi-Active Suspension Systems
13.6.2 Active Electromagnetic Suspension Systems
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Heavy Vehicle
13.10.2 Light Vehicle
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Advanced Suspension System Market: Competitive Dashboard
14.2 Global Advanced Suspension System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Audi AG (Germany)
14.3.2 Benteler Automobiltechnik GmbH (Germany)
14.3.3 Benteler International AG (Austria)
14.3.4 Delphi Automotive LLP (USA)
14.3.5 Fiat SpA (Italy)
14.3.6 Bridgestone Americas, Inc. (USA)
14.3.7 Ford Motor Company (USA)
14.3.8 Freudenberg Sealing Technologies GmbH & Co. KG (Germany)
14.3.9 BMW North America LLC (USA)
14.3.10 Bose Corporation (USA)
14.3.11 Audi AG (Germany)
14.3.12 Continental AG (Germany)
14.3.13 Hendrickson USA LLC (USA)
14.3.14 Hitachi Automotive Systems Ltd. (Japan)
14.3.15 Daimler AG (Germany)