HOME Top Market Reports Suspension System Market by System (Passive & Semi-Active/Active), Damping (Hydraulic/Pneumatic & Electromagnetic), Architecture (Dependent, Semi-Independent/Independent, MacPherson Strut & Double Wishbone), Vehicle Type, & by Region - Forecast to 2020

Suspension System Market by System (Passive & Semi-Active/Active), Damping (Hydraulic/Pneumatic & Electromagnetic), Architecture (Dependent, Semi-Independent/Independent, MacPherson Strut & Double Wishbone), Vehicle Type, & by Region - Forecast to 2020

By: marketsandmarkets.com
Publishing Date: July 2015
Report Code: AT 2511

 

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Technology is opening up advanced opportunities in suspension system market and companies are thriving hard to take the maximum advantage of the same. The suspension system manufacturers are working hard to develop and deliver suspension system, so that they can meet ever increasing demand of consumers and the increasing emission norms with the advanced technology. Thus the market for suspension system is estimated to grow at a CAGR of 5.32% by value from 2015 to 2020, growing from USD 52,667 Million in 2015 to USD 68,253 by 2020. Where Asia-Oceania is estimated to have the highest market share and countries such as India, China, and Japan are the key contributors to growth of automotive suspension system market in Asia-Oceania region. Additionally, the increase in demand for safety & ride comfort, increased production of vehicles, and investments by many key players in this region has led to growth of the suspension systems market in Asia-Oceania. However, the active suspension systems is not highly accepted over the conventional passive systems because of their complexity and high development costs. As the automobile suspension system technologies across the world have become more and more sophisticated, providing them at affordable costs has also become very critical for the OEMs. However, the market for semi-active/active suspension system is anticipated to grow rapidly at a CAGR of 7.85% by volume for the period under study.

North America is estimated to be the second largest market for automotive suspension system, owing to the increased demand for high end cars, Increasing emphasis on better ride control performance, smooth and safe ride with minimal or no vibrations to be felt by the driver have been changing the overall dynamics of the suspension systems industry.  The systems that meet such demand is, electromagnetic suspension system, it is anticipated to grow at a CAGR of 7.48% by volume for the period under study.

This report classifies and defines the automotive suspension system market size, in terms of volume and value. It provides a comprehensive analysis and insights (both, qualitative and quantitative) into automotive suspension system market. It highlights potential growth opportunities in the coming years and reviews the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to global automotive suspension system.

Scope of the Report

This research report categorizes the automotive oil and fuel filter market into the following segments and sub segments

  • By Vehicle Type
    • Passenger cars
    • LCVs
    • HCVs
  • By System Type
    • Semi- active/ active
    • Passive
  • By Damping Type
    • Hydraulically/ pneumatically
    • Electromagnetically
  • By Architecture
    • Dependent
    • Semi- independent/ independent
      • Macpherson Strut
      • Double Wishbone
  • By Geography
    • Asia-Oceania
    • Europe
    • North America
    • RoW

     (Note: The market for suspension system by geography is represented by vehicle type (Passenger car, LCV, and HCV) and further they are represented by system type (Passive suspension system and semi-active/active) for each vehicle type and country)

  • Available Customization
    • Automotive suspension systems market, by components
      • Spring
      • Damper
      • Strut
      • Control Arm
      • Ball Joint
    • Automotive suspension systems market, by two-wheeler
      • Asia-Oceania
      • Europe
      • North America
      • RoW
    • Automotive suspension systems market, by off-highway vehicles
      • Construction  equipment
      • Mining  equipment

Automotive Suspension System Market

Table of Content

1 Introduction
    1.1 Objectives of the Study
    1.2 Markets Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency & Pricing
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Factor Analysis
           2.4.1 Introduction
           2.4.2 Demand Side Analysis
                    2.4.2.1 Impact of GDP on Commercial Vehicle Sales
                    2.4.2.2 Urbanization vs Passenger CAR Per 1000 People
                    2.4.2.3 Infrastructure: Roadways
           2.4.3 Supply Side Analysis
                    2.4.3.1 Vehicle Production Increasing in Developing Countries
           2.4.4 Technological Advancement
           2.4.5 Influence of Other Factors
    2.5 Market Estimation
           2.5.1 Bottom-Up Approach
           2.5.2 Data Triangulation
           2.5.3 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Introduction
    4.2 Emerging Opportunities in the Suspension System Market
    4.3 Suspension System Market Growth, By Country (USD Million)
    4.4 Suspension System Market Growth, By System Type (USD Million)
    4.5 Macpherson Strut and Double Wishbone Suspension System Type, 2015 vs 2020, (USD Million)
    4.6 Suspension System Market Growth, By Damping Type (USD Million)
    4.7 Life Cycle Analysis
    4.8 Who Supplies to Whom

5 Market Overview
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Suspension System Market Segmentation : By System Type
           5.2.2 Suspension System Market Segmentation : By Region
           5.2.3 Suspension System Market Segmentation : By Architecture
           5.2.4 Suspension System Market Segmentation : By Damping Type
           5.2.5 Suspension System Market Segmentation : By Vehicle Type
    5.3 Technological Roadmap
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Vehicle Production
                    5.4.1.2 Significance of Ride Control Performance
           5.4.2 Restraints
                    5.4.2.1 High Development Cost of Advanced Suspension System
                    5.4.2.2 Fluctuating Raw Materials Price
           5.4.3 Opportunities
                    5.4.3.1 Increase in Demand for Adaptive / Semi-Active Suspension System
                    5.4.3.2 Growing Demand for Fuel Economy and Environment Concerns
           5.4.4 Challenges
                    5.4.4.1 Lack of Standardization in the Independent Suspension System
                    5.4.4.2 Overcoming Steer Torque for Better Vehicle Performance and Ride Comfort
    5.5 Burning Issue
           5.5.1 Control on Fuel Consumption & CARbon Emissions
    5.6 Porter’s Five Forces Analysis
           5.6.1 Threat of New Entrants
           5.6.2 Threat of Substitutes
           5.6.3 Bargaining Power of Suppliers
           5.6.4 Bargaining Power of Buyers
           5.6.5 Intensity of Rivalry
    5.7 Value Chain
    5.8 Further Suspension System Technologies
           5.8.1 Energy Recovery Suspension System
           5.8.2 Linear Electromagnetic Motor
           5.8.3 E-Corner Suspension Modules
           5.8.4 Active Curve Tilting
    5.9 Types of Suspension Systems
           5.9.1 Passive Suspension System
           5.9.2 Semi-Active Suspension System
           5.9.3 Active Suspension System
    5.10 Key Components of A Suspension System
           5.10.1 Springs
           5.10.2 Shock Absorbers
           5.10.3 Control Arm
           5.10.4 Struts
           5.10.5 Ball Joints

6 Automotive Suspension System Market, By Geography
    6.1 Introduction
           6.1.1 Asia-Oceania
                    6.1.1.1 China
                    6.1.1.2 India
                    6.1.1.3 Japan
                    6.1.1.4 South Korea
                    6.1.1.5 Rest of Asia-Oceania
                    6.1.1.6 Pest Analysis
                               6.1.1.6.1 Political Factors
                               6.1.1.6.2 Economic Factors
                               6.1.1.6.3 Social Factors
                               6.1.1.6.4 Technological Factors
           6.1.2 Europe
                    6.1.2.1 Germany
                    6.1.2.2 France
                    6.1.2.3 U.K
                    6.1.2.4 Spain
                    6.1.2.5 Rest of Europe
                    6.1.2.6 Pest Analysis
                               6.1.2.6.1 Political Factors
                               6.1.2.6.2 Economic Factors
                               6.1.2.6.3 Social Factors
                               6.1.2.6.4 Technological Factors
           6.1.3 North America
                    6.1.3.1 U.S.
                    6.1.3.2 Mexico
                    6.1.3.3 Canada
                    6.1.3.4 Pest Analysis
                               6.1.3.4.1 Political Factors
                               6.1.3.4.2 Economic Factors
                               6.1.3.4.3 Social Factors
                               6.1.3.4.4 Technological Factors
           6.1.4 RoW (Rest of World)
                    6.1.4.1 Brazil
                    6.1.4.2 Russia
                    6.1.4.3 South Africa
                    6.1.4.4 RoW Others
                    6.1.4.5 Pest Analysis
                               6.1.4.5.1 Political Factors
                               6.1.4.5.2 Economic Factors
                               6.1.4.5.3 Social Factors
                               6.1.4.5.4 Technological Factors
(Note: the Market for Suspension System By Geography is Represented By Vehicle Type (Passenger CAR, LCV, and HCV) and Further They are Represented By System Type (Passive Suspension System and Semi-Active/Active) for Each Vehicle Type and Country)

7 Automotive Suspension System Market, Damping Type
    7.1 Introduction
    7.2 Hydraulically/Pneumatically Damped Suspension System Market
    7.3 Electromagnetically Damped Suspension System Market

8 Automotive Suspension System Market, Architecture Type
    8.1 Introduction
           8.1.1 Dependent Suspension System
           8.1.2 Semi-Independent/Independent Suspension System
           8.1.3 Macpherson Strut
           8.1.4 Double Wishbone

9 Competitve Landscape
    9.1 Market Share Analysis, Suspension System Market
    9.2 Competitve Situation and Trends
    9.3 New Product Launches
    9.4 Expansions
    9.5 Mergers & Acquisitons and Other Developments
    9.6 Agreements/Joint Ventures/Supply Contracts/Partnerships

10 Company Profiles
     10.1 Introduction
     10.2 ZF Friedrichshafen AG
             10.2.1 Business Overview
             10.2.2 Products and Services
             10.2.3 Key Strategy
             10.2.4 Recent Developments
             10.2.5 SWOT Analysis
             10.2.6 MnM View
     10.3 Tenneco Inc.
             10.3.1 Business Overview
             10.3.2 Products and Services
             10.3.3 Key Strategy
             10.3.4 Recent Developments
             10.3.5 SWOT Analysis
             10.3.6 MnM View
     10.4 KYB Co.Ltd
             10.4.1 Business Overview
             10.4.2 Products and Services
             10.4.3 Key Startegy
             10.4.4 Recent Developments
             10.4.5 SWOT Analysis
             10.4.6 MnM View
     10.5 Continental AG
             10.5.1 Business Overview
             10.5.2 Products and Services
             10.5.3 Key Strategy
             10.5.4 Recent Developments
             10.5.5 SWOT Analysis
             10.5.6 MnM View
     10.6 Magneti Marelli S.P.A.
             10.6.1 Business Overview
             10.6.2 Products and Services
             10.6.3 Key Strategy
             10.6.4 Recent Developments
             10.6.5 SWOT Analysis
             10.6.6 MnM View
     10.7 Benteler International AG
             10.7.1 Business Overview
             10.7.2 Products and Services
             10.7.3 Key Strategy
             10.7.4 Recent Developments
             10.7.5 SWOT Analysis
             10.7.6 MnM View
     10.8 Schaeffler AG
             10.8.1 Business Overview
             10.8.2 Products and Services
             10.8.3 Key Strategy
             10.8.4 Recent Developments
     10.9 Wabco Holdings Inc.
             10.9.1 Business Overview
             10.9.2 Products and Services
             10.9.3 Key Strategy
             10.9.4 Recent Developments
     10.10 Mando Corp.
             10.10.1 Business Overview
             10.10.2 Products and Services
             10.10.3 Key Strategy
             10.10.4 Recent Developments
     10.11 Thyssenkrupp AG
             10.11.1 Business Overview
             10.11.2 Products and Services
             10.11.3 Key Strategy
             10.11.4 Recent Developments

11 Appendix
     11.1 Discussion Guide
     11.2 Introducing RT: Real Time Market Intelligence
     11.3 Available Customizations
             11.3.1 Automotive Suspension Systems Market, By Components
                        11.3.1.1 Spring
                        11.3.1.2 Damper
                        11.3.1.3 Strut
                        11.3.1.4 Control Arm
                        11.3.1.5 Ball Joint
             11.3.2 Automotive Suspension Systems Market, By Two-Wheeler
                        11.3.2.1 Asia-Oceania
                        11.3.2.2 Europe
                        11.3.2.3 North America
                        11.3.2.4 RoW
             11.3.3 Automotive Suspension Systems Market, By Off-Highway Vehicles
                        11.3.3.1 Construction Equipment
                        11.3.3.2 Mining Equipment


List of Tables (66 Tables)

Table 1 Automotive Suspension System Market Size, By Geography, 2013-2020 (‘000 Units)
Table 2 Automotive Suspension System Market Size, By Geography, 2013-2020 (USD Million)
Table 3 Automotive Suspension System Market Size, By Vehicle Type, 2013-2020 (‘000 Units)
Table 4 Automotive Suspension System Market Size, By Vehicle Type, 2013-2020 (USD Million)
Table 5 Automotive Suspension System Market Size, By System Type, 2013-2020 (‘000 Units)
Table 6 Automotive Suspension System Market Size, By System Type, 2013-2020 (USD Million)
Table 7 Asia-Oceania: Suspension System Market Size, By Country, 2013-2020 (‘000 Units)
Table 8 Asia-Oceania: Suspension System Market Size, By Country, 2013-2020 (USD Million)
Table 9 China: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 10 China: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 11 India: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 12 India: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 13 Japan: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 14 Japan: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 15 South Korea: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 16 South Korea: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 17 Rest of Asia-Oceania: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 18 Rest of Asia-Oceania: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 19 Europe: Automotive Suspension System Market Size , By Country , 2013-2020 (‘000 Units)
Table 20 Europe : Automotive Suspension System Market Size , By Country , 2013-2020 (USD Million)
Table 21 Germany: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 22 Germany: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 23 France: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 24 France: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 25 U.K: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 26 U.K: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 27 Spain: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 28 Spain: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 29 Rest of Europe: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 30 Rest of Europe: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 31 North America: Automotive Suspension System Market Size , By Country , 2013-2020 (‘000 Units)
Table 32 North America: Automotive Suspension System Market Size , By Country , 2013-2020 (USD Million)
Table 33 U.S.: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 34 U.S: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 35 Mexico: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 36 Mexico: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 37 Canada: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 38 Canada: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 39 RoW: Automotive Suspension System Market Size , By Country , 2013-2020 (‘000 Units)
Table 40 RoW: Automotive Suspension System Market Size , By Country , 2013-2020 (USD Million)
Table 41 Brazil: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 42 Brazil: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 43 Russia: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 44 Russia: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020(USD Million)
Table 45 South Africa: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 46 South Africa: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 47 Others: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (‘000 Units)
Table 48 Others: Automotive Suspension System Market Size, By Vehicle and System Type, 2013-2020 (USD Million)
Table 49 Automotive Suspension System Market Size, By Damping , 2013–2020 (‘000 Units)
Table 50 Automotive Suspension System Market Size , By Damping , 2013–2020 (USD Million)
Table 51 Hydraulically Damped Suspension System Market Size , By Region , 2013-2020 (‘000 Units)
Table 52 Hydraulically Damped Suspension System Market Size , By Region , 2013–2020 (USD Million)
Table 53 Electromagnetically Damped Suspension System Market Size , By Region , 2013-2020 (‘000 Units)
Table 54 Electromagnetically Suspension System Market Size , By Region , 2013-2020 (USD Million)
Table 55 Dependent Suspension System Market Size, By Region , 2013-2020 (‘000 Units)
Table 56 Dependent Suspension System Market Size , By Region , 2013-2020 (USD Million)
Table 57 Semi-Independent/Independent Suspension System Market Size , By Region , 2013-2020 (‘000 Units)
Table 58 Semi-Independent/Independent Suspension System Market Size , By Region , 2013-2020 (USD Million)
Table 59 Macpherson Strut Market Size , By Region , 2013-2020 (‘000 Units)
Table 60 Macpherson Strut Market Size , By Region , 2013-2020 (USD Million)
Table 61 Double Wishbone Market Size , By Region , 2013-2020 (‘000 Units)
Table 62 Double Wishbone Market Size , By Region , 2013-2020 (USD Million)
Table 63 New Product Launches, 2012–2015
Table 64 Expansions, 2010–2015
Table 65 Mergers & Acqusitions and Other Developments , 2010–2015
Table 66 Agreements/Joint Ventures/Supply Contracts/Partnerships , 2010–2015


List of Figures (67 Figures)

Figure 1 Research Design
Figure 2 Research Methodology Model
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Gross Domestic Product (GDP) vs Commercial Vehicle Production
Figure 5 Urbanization vs Passenger CARs Per 1000 People
Figure 6 Road Network vs Total Vehicle Sales
Figure 7 Vehicle Production, 2009-2013
Figure 8 Micro and Macro Factor Analysis
Figure 9 Market Size Estimation Methodology: Bottom-Up Approach
Figure 10 Data Triangulation
Figure 11 Asia-Oceania Suspension System Market Holds the Largest Market Share, By Volume (‘000 Units)
Figure 12 Asia-Oceania Suspension System Market, By Damping Type, 2015 vs 2020
Figure 13 Passive Suspension System Market in Asia-Oceania Holds the Largest Share, 2015
Figure 14 Semi-Independent/Independent Suspension System in Asia-Oceania Holds the Largest Market Share, 2015
Figure 15 Automotive Suspension System Market: Asia-Oceania Projected to Be the Fastest Growing Market Over the Forecast Period
Figure 16 Attractive Market Opportunities in Automotive Suspension System Market
Figure 17 China,Spain, and India to Be the Fastest Growing Markets for Automotive Suspension Systems, 2015–2020
Figure 18 Semi-Active/Active Suspensions to Dominate the Automotive Market
Figure 19 Macpherson Strut Type of Suspension System is Projected to Grow at A Highest CAGR From 2015 to 2020
Figure 20 Automotive Suspension System Marekt Size, By Damping Type, 2015 (USD Million)
Figure 21 Life Cycle Analysis, By System, 2015
Figure 22 Evolution of Suspension System, 1873-2013
Figure 23 Automotive Suspension System – Market Dynamics
Figure 24 Global Vehicle Production, 2013-2020  (‘000 Units)
Figure 25 Trend in Euro Emission Standards
Figure 26 Porter’s Five Forces Analysis : Suspension System Market
Figure 27 Porter’s Five Forces Analysis : Threat of New Entrants
Figure 28 Porter’s Five Forces Analysis : Threat of Substitutes
Figure 29 Porter’s Five Forces Analysis : Bargaining Power of Suppliers
Figure 30 Porter’s Five Forces Analysis : Bargaining Power of Buyers
Figure 31 Porter’s Five Forces Analysis : Intensity of Rivalry
Figure 32 Automotive Suspension System Market : Value Chain Analysis
Figure 33 Region-Wise Snapshot of Automotive Suspension System Market Size By Volume (2015)- Rapid Growth Markets are Emerging as New Hot Spots
Figure 34 Automotive Suspension System Market : China is Having Largest Market Globally, 2015
Figure 35 China is the Largest Market for Automotive Suspension System (2015)
Figure 36 Germany is the Largest Market for Automotive Suspension System Market (2015)
Figure 37 U.S. is the Fastest Growing Country for Automotive Suspension System Market
Figure 38 Brazil has the Largest Market Share for Automotive Suspension System Market in RoW
Figure 39 Hydraulically/Pneumatically Damped Suspension System Have the Largest Market, 2015 vs 2020
Figure 40 Asia-Oceania is the Largest Market for Hydraulically/Pneumatically Damped Suspension System
Figure 41 Asia-Oceania is the Largest Market for Electromagnetically  Damped System Globally , By Volume (‘000 Units)
Figure 42 Dependent Suspension System Market, 2015 vs 2020
Figure 43 Semi-Independent/Independent Suspension System Market Size, 2015 vs 2020
Figure 44 Macpherson Strut Market Size, 2013 – 2020,  (‘000 Units)
Figure 45 Companies Adopted Product Innovation as the Key Growth Strategy Over the Last Three Years
Figure 46 Tenneco  Inc. (USA) Registered the Highest Growth Rate From 2010-2013
Figure 47 Automotive Suspension System Market Share, 2014
Figure 48 Market Evaluation Framework: Expansions Have Fuelled the Demand for Suspension System From 2012–2015
Figure 49 Battle for Market Share: Mergers and Acqusitions Was the Key Strategy
Figure 50 Region-Wise Revenue Mix of Four Major Players
Figure 51 Competitive Benchmarking of Key Market Players
Figure 52 ZF Friedrichshafen AG.:  Business Overview
Figure 53 SWOT Analysis – ZF Friedrichshafen AG
Figure 54 Tenneco Inc.: Business Overview
Figure 55 SWOT Analysis- Tenneco Inc.
Figure 56 KYB Co.Ltd.: Business Overview
Figure 57 SWOT Analysis – KYB Co. Ltd
Figure 58 Continental AG.: Business Overview
Figure 59 SWOT Analysis – Continental AG
Figure 60 Magneti Marelli S.P.A.: Business Overview
Figure 61 SWOT Analysis – Magneti Marelli S.P.A
Figure 62 Benteler International AG.: Business Overview
Figure 63 SWOT Analysis – Benteler International AG
Figure 64 Schaeffler AG: Business Overview
Figure 65 Wabco Holdings Inc.: Business Overview
Figure 66 Mando Corp.: Business Overview
Figure 67 Thyssenkrupp AG.: Business Overview

Globally, the automotive suspension system market, by value, is projected to grow at a CAGR of 5.32% from 2015 to 2020. The key factors that drive the market for suspension systems are the increasing vehicle production levels of vehicles, growing demand for light weight technology, growing importance for ride control performance and increasing concern towards emissions and fuel economy standards. Additionally for years, the growing concern towards environment has been pushing the suspension system manufacturers to come up with more innovative and advanced products such as semi-active/active suspension system which are light in weight and helps to reduce fuel consumption of the vehicle. However, high development cost of advanced suspension systems and fluctuating raw material prices may limit the growth of the semi-active/active suspension system market.

Suspension system market in Asia-Oceania is projected to grow at a CAGR of 5.72% by volume from 2015 to 2020 mainly due to the presence of top suspension system manufacturers who has heavily invested in setting up the production facility in these countries and to meet increasing global demand for suspension systems. The region is expected to continue its control in the suspension systems market in the next five years. In this region, consumers are more concerned about the comfort levels and safety of the vehicle. Hence, the automobile manufacturers are emphasizing on development of high performance and high efficiency suspension systems to meet the customers’ expectations and meet the emission norms as well in this region.

The global automotive suspension system market is dominated by ZF Friedrichshafen AG (Germany), Tenneco Inc. (U.S), KYB Co. Ltd (Japan), Continental AG (Germany), Magneti Marelli S.p.A (Italy) along with other regional suppliers. These companies collectively account for a major share of the suspension systems market. The top players have been adopting every possible strategy to acquire new customers and at the same time, it increases the demand for their products. The key strategies adopted by the players are the new product development and expansion in terms of production capacity and geographical presence in order to capitalize on the available opportunities.

Automotive Suspension System Market

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