Automotive Suspension Market Share 2021 Focuses on Top Companies, Global Industry Analysis, Recent Trends and Regional Growth Forecast 2026
The automotive suspension market is set to grow from its current market value of more than USD 549.6 billion to over USD 695 billion, Growing concerns for the safety of drivers behind the vehicles amid rising road accidents will fuel automotive suspension industry 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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In terms of two-wheeler suspension type, the automotive suspension market is segmented into rear dual shock suspension, rear monoshock suspension, and front telescopic suspension. Out of these, the rear monoshock suspension market is expected to amass substantial growth, registering almost 8.5% CAGR by 2026.
These suspensions provide appropriate maneuvering as they are mainly centered around single point load. The system offer remarkable damping characteristics which in turn aids in providing enhanced handling & stability. However, on the flip side, these suspensions have some disadvantages like high maintenance, less service life and inability to carry high loads.
Four-wheeler suspensions meanwhile are categorized into semi-independent, dependent, and independent. The semi-independent suspension segment is anticipated to observe steady growth. They are preferably used with the rear axle due to its simple design and are time durable and lightweight. They are also comparatively less expensive than independent suspension and delivers better ride handling than dependent suspensions.
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.
On the regional front, North America is considered to be a lucrative market for automobile suspension companies as the region is witnessing healthy growth in goods transportation and commercial vehicle sales. According to sales tracker Autodata, car and truck sales in the U.S. was recorded around 17.6 million in 2016. While in 2019, North America controlled nearly 14% of the global automotive suspension market share.
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Some Point from Table of Contents;
Chapter 4. Automotive Suspension Market, By Architecture
4.1. Global automotive suspension market architecture insights
4.2. Four-wheeler suspension
4.2.1. Market estimates and forecast, 2016 - 2026
4.2.2. Market estimates and forecast, by region, 2016 – 2026
4.2.3. MacPherson Strut
4.2.3.1. Market estimates and forecast, 2016 – 2026
4.2.3.2. Market estimates and forecast, by region, 2016 – 2026
4.2.4. Double Wishbone
4.2.4.1. Market estimates and forecast, 2016 – 2026
4.2.4.2. Market estimates and forecast, by region, 2016 – 2026
4.2.5. Rigid axle
4.2.5.1. Market estimates and forecast, 2016 – 2026
4.2.5.2. Market estimates and forecast, by region, 2016 – 2026
4.2.6. Multi-link
4.2.6.1. automotive suspension market estimates and forecast, 2016 – 2026
4.2.6.2. Market estimates and forecast, by region, 2016 – 2026
4.2.7. Twist beam
4.2.7.1. automotive suspension market estimates and forecast, 2016 – 2026
4.2.7.2. Market estimates and forecast, by region, 2016 – 2026
4.2.8. Others
4.2.8.1. Market estimates and forecast, 2016 – 2026
4.2.8.2. Market estimates and forecast, by region, 2016 – 2026
4.3. Two-wheeler suspension
4.3.1. Market estimates and forecast, 2016 - 2026
4.3.2. Market estimates and forecast, by region, 2016 - 2026
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