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Suspension Market Worth 67.22 Billion USD by 2021


News provided by

MarketsandMarkets

03 Jun, 2016, 12:00 GMT

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PUNE, India, June 3, 2016 /PRNewswire/ --

The report "Suspension Market by System (Passive & Semi-Active/Active), Damping (Hydraulic/Pneumatic, Electromagnetic), Architecture (Dependent & Semi-Independent/Independent), Leaf Spring & Air Suspension Markets, Component, Vehicle Type, & by Region - Forecast to 2021", published by MarketsandMarkets, is projected to grow at a CAGR of 5.11% by value, and reach USD 67.22 Billion by 2021. Factors such as increasing vehicle production, demand for comfort, luxury and rising demand for commercial vehicles is driving the market for suspension systems.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 99 market data tables with 76 figures spread through 260 pages and in-depth TOC on "Suspension Market - Forecast to 2021"

http://www.marketsandmarkets.com/Market-Reports/automobile-suspension-systems-market-939.html

Early buyers will receive 10% customization on this report. 

Asia-Oceania: Highest Growing Market for Suspension System Market 

Asia-Oceania, comprising countries such as China, Japan, India, and South Korea, is witnessing huge population growth. The increasing per capita income of the middle class population and cost advantages for OEMs is driving the market for high priced cars which in turn drives the market for advanced suspension systems. The increasing concern about quality and safety has ensured that suspension system manufacturers have developed advanced suspension systems which would cater to the customers demand. Moreover, stringent emission norms in Japan compel suspension system manufacturers to develop technologically advanced lightweight systems. These systems increase the fuel efficiency of the vehicle, while reducing its emissions. South Korea's automotive industry is changing with technology, market, and competition. New players are entering the South Korean market to build on the existing potential and are replacing the traditional automobile companies.

There is a paradigm shift in South Korea's automotive industry with changing trends in technology, market, and competition. This change and growth is attributed to the collaborative measures of the government and OEMs to promote exports and global expansion.

Make an Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=939

Semi-active/active Suspension System: Promising system in Automotive Suspension 

The semi-active/active Suspension System Market is the highest growing system type in the Automotive 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 systems have the potential to provide both improved ride quality and handling performance, and helps improve braking and cornering performance.

Leaf Spring Market: One of the major markets for Automotive Suspension System 

The leaf spring suspension system is one of the oldest suspension technologies used in automobiles. Leaf spring suspension is considered the simplest and subsequently the most suitable suspension technology for commercial vehicles. The emergence of coil spring independent suspension has led to a decline in the demand for leaf spring suspension in the passenger car segment. Global commercial vehicles production has been increased by 0.66 % from 2013 to 2014 according to the OICA (Organisation Internationale des Constructers Automobiles) which lead to increased demand for leaf springs suspensions. The emission standards in Europe and North America are very stringent which forces OEMs as well as leaf spring manufacturers in these regions to conduct extensive R&D. Some leaf spring manufacturers have developed composite leaf springs that are lighter and offer structural strength equal to that of steel.

Leading players in the Automotive Suspension System Market are ZF Friedrichshafen AG (Germany), Tenneco Inc. (U.S.), KYB Corporation (Japan), Continental AG (Germany), Magneti Marelli S.p.A (Italy), and others.

Study Coverage: 

The report covers the Automotive Suspension System Market, in terms of volume ('000 units) and value (USD million). It explains the qualitative and quantitative aspects of the Automotive Suspension System Market on the basis of system type, damping, architecture, components, vehicle type, and region, air Suspension Market by region and leaf spring market by region from 2016 to 2021.

Browse related reports: 

Steering Market by System (EPS, EHPS & HPS), EPS Type (C-EPS, R-EPS & P-EPS), Component (Hydraulic Pump, Power Steering Column, Steering Wheel Speed Sensor, Electric Motor), Vehicle Type (PC, LCV, HCV & Agriculture Tractors), & by Region - Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/automobile-steering-systems-market-940.html

Brake System Market by Application (PC, LCV, HCV, Off-Highway, Wagon, Locomotive, and RTV), Type (Disc and Drum), Technology (ABS, TCS, ESC, and EBD), Rolling Stock and Locomotive (Air, EP, ECP, and others), and Region - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/automotive-brake-system-market-1070.html

About MarketsandMarkets 

MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Subscribe Reports from Automotive Domain @ http://www.marketsandmarkets.com/Subscription.html

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com


Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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