Automotive Suspension Market To Witnessed An Appreciable Growth By 2026
The size of automotive suspension market was registered at 549.6 billion in the year 2019 and is anticipated to cross 695 billion by 2026. Between the period 2020-2026, the automotive suspension industry is expected to register a CAGR of 7.8%. 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 industry share.
Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1917
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.
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.
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. When it comes to distribution channels, OEMs are reported to hold a major market share and are likely to maintain their dominance over the coming years. Automotive suspensions developed by OEMs normally have a long service life and provide high quality
Manufacturers are working with automakers to develop customer suspensions for vehicles. For instance, SsangYong, a Korean automaker, has joined forces with Australian OEM, Ironman 4x4 to integrate a new suspension system on its latest model, the Musso XLV. The testing reportedly included analyzing the suspension kit’s capability to improve overall ride quality of the vehicle.
Request for a Customization of this research report @ https://www.decresearch.com/roc/1917
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. Automotive suspension 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
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/automotive-suspension-market