Automotive Suspension Market Future Challenges and Industry Growth Outlook by 2021-2026
The automotive suspension market has been put into different segments such as type, distribution channels, vehicle type, architecture and technology. OEMs have been widely deploying multi-link suspension, equipped with four or even five arms, that lets an independent sprung wheel combining both the handling and the ride quality.
These multi-link suspensions systems shall be experiencing significant growth in the coming years as the systems provide prominent flexibility and also maximizes the contact patch as well as the grip of the vehicle, keeping the vehicles more perpendicular on the roads.
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Rear monoshock suspensions are common systems that provide convenient maneuvering as they tend to keep more focus on single-point loads commonly used in two-wheelers. With the rising population and urbanization, there has been an increase in the disposable income at hand which has led to significant growth in the demand for two-wheelers across the developing countries.
Increasing traffic congestion due to overpopulation among several developing nations has also encouraged people to opt for bikes as compared to cars. Rear monoshock suspensions tend to enhance the maneuvering and handling of bikes when going over potholes or even bad roads as the entire focus is put on one point load. It entirely eliminates the chances of unstable riding experience.
There has been an increasing need for light vehicles to be able to transport goods which will have a positive effect on automotive suspension market in the coming years. The sales for light vehicles in the year 2018 had reached up to 17.2 million units while North America had owned about 14% of the share within the automotive suspension industry in the year 2019.
Growing concerns for the safety of drivers behind the vehicles amid rising road accidents will fuel automotive suspension market over the coming years. Automotive suspensions are a crucial and important part of the vehicle system.
The suspension systems are mainly used to maximize the contact between the surface of the road and the tires, which offers good handling as well as steering stability by supporting the vehicle’s weight evenly, including the engine, body and the frame. They also dampen the shock and further go on to make sure that the passengers are comfortable.
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Partial Chapter of the Table of Content
Chapter 6. Automotive Suspension Market, By Technology
6.1. Global market technology insights
6.2. Conventional
6.2.1. Market estimates and forecast, 2016 - 2026
6.2.2. Market estimates and forecast, by region, 2016 – 2026
6.3. Advanced
6.3.1. Market estimates and forecast, 2016 – 2026
6.3.2. Market estimates and forecast, by region, 2016 – 2026
Chapter 7. Automotive Suspension Market, By Distribution Channel
7.1. Global market distribution channel insights
7.2. OEM
7.2.1. Market estimates and forecast, 2016 - 2026
7.2.2. Market estimates and forecast, by region, 2016 – 2026
7.3. Aftermarket
7.3.1. Market estimates and forecast, 2016 – 2026
7.3.2. Market estimates and forecast, by region, 2016 – 2026
Chapter 8. Automotive Suspension Market, By Vehicle Type
8.1. Global market vehicle type insights
8.2. Passenger cars
8.2.1. Market estimates and forecast, 2016 - 2026
8.2.2. Market estimates and forecast, by region, 2016 – 2026
8.3. Light commercial vehicles
8.3.1. Market estimates and forecast, 2016 – 2026
8.3.2. Market estimates and forecast, by region, 2016 – 2026
8.4. Heavy commercial vehicles
8.4.1. Market estimates and forecast, 2016 - 2026
8.4.2. Automotive suspension market estimates and forecast, by region, 2016 – 2026
8.5. Two wheelers
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