Market Overview:
The global automotive advanced suspension system market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for luxury and comfort-oriented vehicles. Additionally, the increasing adoption of advanced suspension systems in commercial vehicles is also expected to boost the growth of the global automotive advanced suspension system market during the forecast period. On basis of type, independent automotive suspensions are expected to account for a larger share than non-independent suspensions during the forecast period. On basis of application, light commercial vehicles are anticipated to hold a larger share than heavy commercial vehicles during 2018–2030.
Product Definition:
An automotive advanced suspension system is a type of vehicle suspension that uses electronic controls to manage the ride height and handling of the car. This allows for a much more comfortable and controlled driving experience, as well as improved performance on twisty roads or in bad weather.
Independent Automotive Suspension System:
The global Independent Automotive Suspension System (I-AS) market size was valued at USD 6.5 billion in 2016 and is expected to witness a growth of 5.9% over the forecast period. Increasing demand for comfort and luxury, rising disposable income, changing consumer preferences towards safety & security features are some of the key factors driving industry growth globally.
Non-independent Automotive Suspension System:
Non-Independent automotive suspension system is a type of vehicle suspension technology that uses one or more springs, shock absorbers or hydraulic units to control both front and rear wheel movement. The non- Independent automotive suspension systems are independent of the steering wheel position and road conditions.
Application Insights:
Based on application, the market is segmented into light commercial vehicle (LCV) and heavy commercial vehicle (HCV). The LCV-type vehicles are generally cheaper than their counterparts as they have a lower number of components. As a result, these types of vehicles are widely used for transporting goods from low to high shelves in warehouses. HCVs-type vehicles are generally longer than LCVs owing to the additional space required to transport goods safely and efficiently. These types of vehicles also have more suspension components as compared with their counterparts thus increasing the demand for advanced suspensions during manufacturing processes.
The Asia Pacific region is projected to exhibit significant growth over the forecast period due largely to rising investments by companies operating in this region such as Toyota Motor Corporation, Honda Motor Co., Ltd., Nissan Motors Ltd.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing sales of light commercial vehicles and heavy commercial vehicles in countries such as China, India, South Korea, and Japan. In addition, rising disposable income coupled with consumer preference for passenger cars is anticipated to fuel the demand for advanced automotive suspension systems in APAC region.
The European region accounted for a significant share of global revenue owing to high demand from LCV segment owners/ operators in this region are looking forward towards luxury car manufacturers such as BMW AG and Mercedes-Benz AG who have started offering their products through third parties’ showrooms rather than directly which will help them avoid hassles associated with service stations or workshops while traveling long distances across Europe thereby reducing maintenance costs over time ultimately benefitting consumers at large. This trend would also benefit companies by generating more revenue through aftermarket services thus creating an overall positive impact on industry growth across Europe.
Growth Factors:
- Increasing demand for luxury and comfort in vehicles
- Rising disposable income of consumers
- Technological advancements in automotive suspension systems
- Stringent government regulations for safety and emissions control
- Growing popularity of off-road recreational activities
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Advanced Suspension System Market Research Report
By Type
Independent Automotive Suspension System, Non-independent Automotive Suspension System
By Application
LCV-Light Commercial Vehicle, HCV-Heavy Commercial Vehicle
By Companies
Mando, ZF, ThyssenKrupp, Ten, Magneti Marelli, Benteler, Dongfeng Motor Suspension, Wanxiang Qianchao, Hendrickson, F-TECH, Mando, Fawer Automotive Parts, Fangzheng Machinery, Shanghai Komman, Hongyan Fangda
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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Advanced Suspension System Market Report Segments:
The global Automotive Advanced Suspension System market is segmented on the basis of:
Types
Independent Automotive Suspension System, Non-independent Automotive Suspension System
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
LCV-Light Commercial Vehicle, HCV-Heavy Commercial Vehicle
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:
- Mando
- ZF
- ThyssenKrupp
- Ten
- Magneti Marelli
- Benteler
- Dongfeng Motor Suspension
- Wanxiang Qianchao
- Hendrickson
- F-TECH
- Mando
- Fawer Automotive Parts
- Fangzheng Machinery
- Shanghai Komman
- Hongyan Fangda
Highlights of The Automotive 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:
- Independent Automotive Suspension System
- Non-independent Automotive Suspension System
- By Application:
- LCV-Light Commercial Vehicle
- HCV-Heavy Commercial Vehicle
- 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 Automotive 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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- Correctly Positioning New Products
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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 Automotive Advanced Suspension System (AASS) is a suspension system found in some high-end luxury cars. It uses air springs and shock absorbers to provide smooth, comfortable ride quality.
Some of the major companies in the automotive advanced suspension system market are Mando, ZF, ThyssenKrupp, Ten, Magneti Marelli, Benteler, Dongfeng Motor Suspension, Wanxiang Qianchao, Hendrickson, F-TECH, Mando, Fawer Automotive Parts, Fangzheng Machinery, Shanghai Komman, Hongyan Fangda.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive 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 Automotive Advanced Suspension System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive 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 Automotive 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 Automotive Advanced Suspension System Market Size & Forecast, 2018-2028
4.5.1 Automotive Advanced Suspension System Market Size and Y-o-Y Growth
4.5.2 Automotive Advanced Suspension System Market Absolute $ Opportunity
Chapter 5 Global Automotive Advanced Suspension System 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 Automotive Advanced Suspension System Market Size Forecast by Type
5.2.1 Independent Automotive Suspension System
5.2.2 Non-independent Automotive Suspension System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Advanced Suspension System 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 Automotive Advanced Suspension System Market Size Forecast by Applications
6.2.1 LCV-Light Commercial Vehicle
6.2.2 HCV-Heavy Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive 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 Automotive 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 Automotive Advanced Suspension System Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Advanced Suspension System 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 Automotive Advanced Suspension System Market Size Forecast by Type
9.6.1 Independent Automotive Suspension System
9.6.2 Non-independent Automotive Suspension System
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 Automotive Advanced Suspension System Market Size Forecast by Applications
9.10.1 LCV-Light Commercial Vehicle
9.10.2 HCV-Heavy Commercial Vehicle
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 Automotive Advanced Suspension System Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Advanced Suspension System 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 Automotive Advanced Suspension System Market Size Forecast by Type
10.6.1 Independent Automotive Suspension System
10.6.2 Non-independent Automotive Suspension System
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 Automotive Advanced Suspension System Market Size Forecast by Applications
10.10.1 LCV-Light Commercial Vehicle
10.10.2 HCV-Heavy Commercial Vehicle
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 Automotive Advanced Suspension System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Advanced Suspension System 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 Automotive Advanced Suspension System Market Size Forecast by Type
11.6.1 Independent Automotive Suspension System
11.6.2 Non-independent Automotive Suspension System
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 Automotive Advanced Suspension System Market Size Forecast by Applications
11.10.1 LCV-Light Commercial Vehicle
11.10.2 HCV-Heavy Commercial Vehicle
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 Automotive Advanced Suspension System Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Advanced Suspension System 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 Automotive Advanced Suspension System Market Size Forecast by Type
12.6.1 Independent Automotive Suspension System
12.6.2 Non-independent Automotive Suspension System
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 Automotive Advanced Suspension System Market Size Forecast by Applications
12.10.1 LCV-Light Commercial Vehicle
12.10.2 HCV-Heavy Commercial Vehicle
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) Automotive Advanced Suspension System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Advanced Suspension System 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) Automotive Advanced Suspension System Market Size Forecast by Type
13.6.1 Independent Automotive Suspension System
13.6.2 Non-independent Automotive Suspension System
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) Automotive Advanced Suspension System Market Size Forecast by Applications
13.10.1 LCV-Light Commercial Vehicle
13.10.2 HCV-Heavy Commercial Vehicle
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 Automotive Advanced Suspension System Market: Competitive Dashboard
14.2 Global Automotive Advanced Suspension System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mando
14.3.2 ZF
14.3.3 ThyssenKrupp
14.3.4 Ten
14.3.5 Magneti Marelli
14.3.6 Benteler
14.3.7 Dongfeng Motor Suspension
14.3.8 Wanxiang Qianchao
14.3.9 Hendrickson
14.3.10 F-TECH
14.3.11 Mando
14.3.12 Fawer Automotive Parts
14.3.13 Fangzheng Machinery
14.3.14 Shanghai Komman
14.3.15 Hongyan Fangda
