Research and Markets - Global Suspension Market, 2021 With ZF Friedrichshafen, Tenneco, KYB, Continental & Magneti Marelli Dominating the $67 Billion Industry
17 Jun, 2016, 13:10 BST
DUBLIN, June 17, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Suspension Market by System, Damping, Architecture, Leaf Spring & Air Suspension Markets, Component, Vehicle Type, & by Region - Forecast to 2021" report to their offering.
The suspension system market size is projected to grow at a CAGR of 5.11% during the forecast period, to reach USD 67.22 Billion by 2021
Increasing demand for riding comfort, stability, better cornering, safety, luxury, technological advancements, along with stringent emission regulations and fuel efficiency standards enforced by the different legislative bodies across the globe are driving the suspension system market. The increasing disposable income and improving standard of living of customers have raised the demand for luxury cars, which in turn, drives the demand for advanced suspension systems.
The semi-active/active suspension system market is the highest growing system type in the suspension system market. It is projected to grow at a promising CAGR from 2016 to 2021. Semi-active/active suspension systems achieve better ride comfort with superior vibration control. Unlike passive suspension systems, semi-active/active suspension system have the potential to provide both improved ride quality and handling performance with the help of better braking and cornering.
The suspension system market, by architecture is led by semi-independent/independent architecture type during the forecast period. Semi-independent/independent architecture damps the vibrations more effectively, providing better comfort and road handling. The major types of semi-independent/independent suspensions are MacPherson strut and double wishbone.
The suspension system market is dominated by major players such as ZF Friedrichshafen AG (Germany), Tenneco Inc. (U.S.), KYB Corporation (Japan), Continental AG (Germany), Magneti Marelli S.p.A (Italy) along with regional suppliers.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Suspension System Market, By System Type, Vehicle Type and Region
7 Automotive Suspension System Market, By Architecture
8 Automotive Suspension System Market, By Damping Type
9 Automotive Suspension System Market, By Component
10 Automotive Air Suspension System Market, By Region
11 Automotive Leaf Spring Suspension Market, By Region
12 Competitive Landscape
13 Company Profiles
- Benteler International AG
- Continental AG
- KYB Corporation
- Magneti Marelli S.P.A.
- Mando Corporation
- Schaeffler AG
- Tenneco Inc.
- Thyssenkrupp AG
- Wabco Holdings Inc.
- Zf Friedrichshafen AG
For more information visit http://www.researchandmarkets.com/research/kkx8f3/suspension_market
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SOURCE Research and Markets