Automotive Suspension Market

Automotive Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multi-link, Twist Beam, Leaf Spring, Air Suspension), System Type, Actuation, Component OE & Aftermarket, Vehicle (ICE, BEV, HEV, PHEV), and Region - Global Forecast to 2026

Report Code: AT 2511 May, 2021, by marketsandmarkets.com

[290 Pages Report] The global automotive suspension market is expected to grow from USD 42.9 billion in 2021 and is projected to reach USD 50.7 billion in 2026, at a CAGR of 3.4% during the forecast period. The demand for automotive suspension is driven by the increase in demand for vehicle comfort and safety and the increasing adoption of air suspension systems in HCVs.

Automotive Suspension Market

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The outbreak of COVID-19 has severely impacted the overall supply chain of the automotive industry. The halt in production and logistics created due to the pandemic has affected raw material suppliers of the automotive industry. The pandemic has affected the overall growth of the sector in 2020, as major automotive players such as Fiat, Volkswagen, PSA Group, General Motors, and BMW had to suspend their production due to COVID-19 during the initial second quarters of 2020. This scenario impacted the automotive suspension market, especially in European & North American countries, as the growth of this market is directly related to the production of vehicles. However, the demand for suspension systems is expected to rise considering 2021 as the recovery period, where the automotive industry is expected to showcase growth, according to industry experts.

Automotive suspension Market Dynamics

Driver: Increase in demand for vehicle comfort and safety

The demand for SUVs has also witnessed growth in the past few years globally. The SUV & sub-compact SUV market has witnessed considerable growth in countries such as the US, China, India, and Mexico, owing to the low cost, compact size, advanced designs, and better maneuverability. This has increased the installation of multilink suspensions. The decreasing cost of multilink suspension and ease of adjustment has increased the installation of multilink suspension in mid to high-segment cars. Mahindra Scorpio, Volkswagen Tiguan, and Kia Sport are some of the common SUVs equipped with multilink suspension. Globally, the multilink suspension is expected to grow at a rate of 4.1% during the forecast period. SUVs generally employ independent suspension at the front and rear wheel. Hence, the demand for independent suspension systems is increasing. The leaf spring suspension, which is a dependent suspension, was traditionally used in all medium and heavy-duty trucks and buses. Currently, leaf spring is getting replaced with air suspension that provides maximum comfort and luxury to the passengers. Hence, the increasing demand for comfort and luxury is increasing the demand for independent suspension systems across the globe.

Restraint: Lack of standardization of independent suspension systems

The standardization of suspension systems with respect to vehicle type will help Tier 1 and component manufacturers produce suspension systems in large volumes as there would be specific suspension types for each model, which is expected to reduce the overall manufacturing cost. OEMs and suspension suppliers can establish standardization for independent suspension with respect to significant parameters while establishing supply contracts. This could offer a win-win situation to both OEMs and suspension suppliers. Thus, manufacturers have to observe changes in preferences in different countries due to a lack of standardization and remain competitive in the market. With any change in preference or implementation of new regulation, manufacturers have to change their investments, which makes the market volatile for them. This also in turn, directly impact component suppliers as they are dependent on demand from tier 1 suppliers. Hence, the lack of standardization makes it challenging for manufacturers of suspension systems to cater to diverse architecture demands with respect to vehicle type. This is expected to restrain the growth of the automotive suspension market in the near future.

Opportunities:  Increasing sale of electric vehicles

Leading EV manufacturer Tesla delivered more than 88,000 electric vehicles in the first quarter of 2020, surpassing Volkswagen sales. Despite the pandemic, in 2020, the global BEV sales in Asia Pacific increased by 11%, whereas the growth in North America was ~4%. Sales of BEV globally are expected to increase in the near future and reach around 42 million by 2026. Technological advancements in EV charging and substantial investments from automakers in EVs are some of the major factors fueling the growth of electric vehicles. The increased sale of electric vehicles is expected to drive.

Challenges: High initial and maintenance costs of advanced suspension systems

The maintenance cost of air suspension is also high. For example, the average active suspension air spring replacement can cost around USD 1,000-1,500. Due to such a high initial price, suspension suppliers have failed to commercialize their products. For example, Bose’s electromagnetic suspension system failed to reach the production stage due to the high cost of advanced systems. It could detect upcoming bumps on the road and prevent the car from being affected by those bumps. It enables a car to remain flat at all times and provides an excellent ride. Tier-1 manufacturers, such as Tenneco’s, Active ACOCAR, and Kinetic H2 CES are undergoing various developments related to advanced suspension systems. These advanced systems are currently installed in high-end and luxury passenger cars. The complex design of these systems increases the overall maintenance cost of vehicles. Therefore, the high initial and maintenance costs of advanced suspension systems are expected to be one of the major challenges in the growth of the automotive suspension market.

Passenger cars is expected to be the largest-growing segment of the automotive suspension market, by vehicle type, during the forecast period

The passenger cars segment is estimated to be the largest growing market in terms of value and volume. The suspension system is one of the essential systems in any type of vehicle. Hence, the growth of the suspension system is directly proportional to the production volume of passenger vehicles. The growing demand for comfort and safety features also has increased the installation of independent suspension systems in modern cars.

MacPherson strut architecture is the largest segment in the automotive suspension market, by volume

In terms of volume, the MacPherson strut architecture is expected to be a potential segment of the automotive suspension market during the forecast period. MacPherson strut eliminates the need for a separate upper control arm, which reduces the cost components and weight of the architecture. Countries such as China, India, and Japan opt for this cost-effective architecture, which is expected to drive the market during the forecast period.

Asia Pacific is expected to account for the largest market size during the forecast period.

Countries such as China, Japan, India, South Korea, and the Rest of Asia Pacific are considered under Asia Pacific for market analysis. The region is the leading producer of automotive suspension systems and is expected to retain its position in the coming years. It is the largest producer of economical cars in the world. However, due to the increasing demand for premium cars, OEMs have started investing and developing advanced technologies for the automotive industry. Although countries, such as Japan and South Korea, are the leaders in technology, India and China have the largest vehicle production in Asia Pacific.

Asia Pacific has emerged as a hub for automotive production in recent years, owing to changing consumer preferences, increasing per capita income of the middle-class population, and cost advantages for OEMs. Consumers in the region are inclined toward compact and cost-effective cars. The region has witnessed higher growth than the matured markets of Europe and North America due to the easy availability of labor, safety norms, and government initiatives for FDIs.  China, the world’s largest automotive market, remained the main driver of regional sales in Asia Pacific in 2020. The basic demand for new vehicles in China remains strong, given the country’s vehicle penetration rates (compared to that of developed markets) and its rapidly expanding replacement market. According to MarketsandMarkets Analysis, China is estimated to be the largest market for vehicles equipped with suspension systems, in terms of both, value and volume in Asia Pacific.

Asia Pacific: Automotive Suspension Market

Automotive Suspension Market  by Region

Key Market Players

The automotive suspension market is dominated by global players and comprises several regional players as well. The key players in the automotive suspension market are ZF Friedrichshafen AG (Germany) Tenneco Inc. (US) Continental AG (Germany) thyssenkrupp AG (Germany), and BENTELER (Austria).

Scope of the report

Report Metric

Details

Market Size Available for Years

2018–2026

Base Year Considered

2020

Forecast Period

2021–2026

Forecast Units

Value (USD million) and Volume (Thousand units)

Segments Covered

System, Actuation, Architecture, OE Market, by component, Aftermarket, by component, Vehicle Type, Electric & Hybrid Passenger Car Suspension, By Architecture, Electric & Hybrid Trucks and Buses Suspension, By Vehicle Type, and Region

Geographies Covered

Asia Pacific, Europe, North America, and RoW

Companies Covered

ZF Friedrichshafen AG (Germany), Tenneco Inc. (US), Continental AG (Germany), thyssenkrupp AG (Germany), and BENTELER (Austria)  Total 20 major players covered

Automotive Suspension Market, Ice Vehicle Type

(Country Level)
  • Passenger cars
    • Front Suspension
    • Rear Suspension
  • LCV
    • Front Suspension
    • Rear Suspension
  • HCV
    • Front Suspension
    • Rear Suspension

Automotive Suspension Market, Electric & Hybrid Vehicle (Country Level)

  • BEV
    • Front Suspension
    • Rear Suspension
  • HEV
    • Front Suspension
    • Rear Suspension
  • PHEV
    • Front Suspension
    • Rear Suspension

Passive, Semi-Active, And Active Suspension, By Architecture (Country Level)

  • MacPherson Strut
  • Double Wishbone
  • MultiLink
  • Twist Beam/Torsion Beam
  • Leaf Spring Suspension
  • Air Suspension

Recent Developments

  • In March 2021, thyssenkrupp planned to expand its presence in China. The new damper production line in China is being built at an existing thyssenkrupp automotive site in Changzhou. The plant will produce electronically adjustable damping systems. These semi-active dampers use sensors to measure vibrations throughout the journey and recognize the driving situation and condition of the vehicle
  • In August 2020, ZF Commercial Vehicle Control Systems division in India designed air suspension with Electronically Controlled Air Suspension (ECAS) technology to address issues including higher fuel consumption, decreased rider comfort, passenger safety, and vehicular instability.
  • In September 2020, Continental AG developed sensors for vehicles with air suspension, which uses ultrasound to measure the height and pressure of air springs in order to determine the axle’s load condition. A height sensor also has been developed for shock absorbers for vehicles without air suspension. The suspension travel of the shock absorber provides information on the load condition of the respective axle.
  • In January 2019, Tenneco Inc. completed its acquisition of Φhlins Racing A.B, a Swedish technology company that develops premium suspension systems and components for the automotive and motorsport industries.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 YEARS CONSIDERED IN THE STUDY
    1.4 SUMMARY OF CHANGES
    1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           FIGURE 1 RESEARCH DESIGN
           FIGURE 2 RESEARCH METHODOLOGY MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources to estimate vehicle production
                    2.1.1.2 List of key secondary sources to estimate automotive suspension market
                    2.1.1.3 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, & REGION
                    2.1.2.1 List of primary participants
    2.2 MARKET ESTIMATION METHODOLOGY
           FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 5 AUTOMOTIVE SUSPENSION MARKET SIZE: BOTTOM-UP APPROACH (ARCHITECTURE AND REGION)
                    FIGURE 6 AUTOMOTIVE SUSPENSION MARKET SIZE: BOTTOM-UP APPROACH (AFTERMARKET BY COMPONENT)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 7 ACTIVE SUSPENSION MARKET SIZE: TOP-DOWN APPROACH (ACTUATION TYPE)
           2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE
    2.3 DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION METHODOLOGY
    2.4 FACTOR ANALYSIS
    2.5 RESEARCH ASSUMPTIONS
           2.5.1 ASSUMPTIONS
           2.5.2 ASSUMPTIONS: ARCHITECTURE TYPE
           2.5.3 MARKET ASSUMPTIONS
    2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 49)
    3.1 INTRODUCTION
           3.1.1 PRE- VS POST-COVID-19 SCENARIO
                    FIGURE 9 PRE- & POST-COVID-19 SCENARIO: AUTOMOTIVE SUSPENSION MARKET, 2018–2026 (USD MILLION)
                    TABLE 1 AUTOMOTIVE SUSPENSION MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2018–2026 (USD MILLION)
    3.2 REPORT SUMMARY
           FIGURE 10 AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021 VS. 2026 (USD MILLION)

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES IN AIR SUSPENSION MARKET
           FIGURE 11 RISING AWARENESS ABOUT PASSENGER COMFORT EXPECTED TO DRIVE AUTOMOTIVE SUSPENSION MARKET
    4.2 AUTOMOTIVE SUSPENSION MARKET SIZE, BY SYSTEM
           FIGURE 12 PASSIVE SYSTEMS ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE MARKET IN 2021
    4.3 AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE
           FIGURE 13 AIR SUSPENSION PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.4 AUTOMOTIVE SUSPENSION MARKET, BY VEHICLE TYPE
           FIGURE 14 LCV PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.5 AUTOMOTIVE SUSPENSION OE MARKET, BY COMPONENT
           FIGURE 15 CONTROL ARM AND AIR SPRING PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.6 AUTOMOTIVE SUSPENSION AFTERMARKET, BY COMPONENT
           FIGURE 16 STRUTS SEGMENT PROJECTED TO LEAD THE AUTOMOTIVE SUSPENSION AFTERMARKET
    4.7 ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE
           FIGURE 17 ELECTRIC & HYBRID TRUCKS EXPECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD
    4.8 ACTIVE SUSPENSION MARKET, BY ACTUATION
           FIGURE 18 ELECTRONICALLY ACTUATED SEGMENT PROJECTED GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
    4.9 AUTOMOTIVE SUSPENSION MARKET, BY REGION
           FIGURE 19 ASIA PACIFIC ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE AUTOMOTIVE SUSPENSION MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 AUTOMOTIVE SUSPENSION MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increase in demand for vehicle comfort and safety
           5.2.2 CONVENTIONAL VS ADVANCED SUSPENSION TYPES OF GROWTH RATES, BY VOLUME, 2021-2026
                    5.2.2.1 Increasing adoption of air suspension systems in HCVs
                               FIGURE 21 GLOBAL AIR SUSPENSION MARKET YOY GROWTH RATE, 2021-2026
           5.2.3 RESTRAINTS
                    5.2.3.1 High cost of air suspension
                               FIGURE 22 PASSENGER CAR AIR SUSPENSION PENETRATIONS, 2018-2026 (BY VOLUME)
                    5.2.3.2 Lack of standardization of independent suspension systems
           5.2.4 OPPORTUNITY
                    5.2.4.1 Increasing sale of electric vehicles
                               FIGURE 23 GLOBAL EV CAR SALES, 2017-2020 (THOUSAND UNITS)
                    5.2.4.2 Development of regenerative suspension system
                               FIGURE 24 ENERGY POTENTIAL OF REGENERATIVE SUSPENSION, BY VEHICLE TYPE
           5.2.5 CHALLENGES
                    5.2.5.1 High initial and maintenance costs of advanced suspension systems
                    5.2.5.2 Counterfeit suspension products in the aftermarket
                    5.2.5.3 Overcoming steer torque
    5.3 AUTOMOTIVE SUSPENSION MARKET SCENARIO
           FIGURE 25 AUTOMOTIVE SUSPENSION MARKET SCENARIO, 2018–2026 (USD MILLION)
           5.3.1 MOST LIKELY SCENARIO
                    TABLE 2 AUTOMOTIVE SUSPENSION MARKET (REALISTIC SCENARIO), BY REGION, 2018–2026 (USD MILLION)
           5.3.2 LOW-IMPACT SCENARIO
                    TABLE 3 AUTOMOTIVE SUSPENSION MARKET (LOW-IMPACT SCENARIO), BY REGION, 2018–2026 (USD MILLION)
           5.3.3 HIGH-IMPACT SCENARIO
                    TABLE 4 AUTOMOTIVE SUSPENSION MARKET (HIGH-IMPACT SCENARIO), BY REGION, 2018–2026 (USD MILLION)
    5.4 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 26 PORTER’S FIVE FORCES ANALYSIS: PRESENCE OF ESTABLISHED GLOBAL PLAYERS INCREASES THE DEGREE OF COMPETITION
           5.4.1 PORTER’S FIVE FORCES ANALYSIS
           5.4.2 THREAT OF SUBSTITUTES
           5.4.3 THREAT OF NEW ENTRANTS
           5.4.4 BARGAINING POWER OF BUYERS
           5.4.5 BARGAINING POWER OF SUPPLIERS
           5.4.6 INTENSITY OF COMPETITIVE RIVALRY
    5.5 AUTOMOTIVE SUSPENSION MARKET ECOSYSTEM
           TABLE 5 AUTOMOTIVE SUSPENSION MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    5.6 SUPPLY CHAIN ANALYSIS
           FIGURE 27 SUPPLY CHAIN ANALYSIS: AUTOMOTIVE SUSPENSION MARKET
    5.7 AVERAGE SELLING PRICE TREND
           5.7.1 AVERAGE REGIONAL PRICE TREND: LIGHT-DUTY VEHICLES SUSPENSION SYSTEM (USD/UNIT), 2021
           5.7.2 AVERAGE REGIONAL PRICE TREND: TRUCK SUSPENSION SYSTEM (USD/UNIT), 2021
    5.8 PATENT ANALYSIS
           5.8.1 APPLICATIONS AND PATENTS GRANTED, 2018–2020
    5.9 REVENUE SHIFT FOR AUTOMOTIVE SUSPENSION MANUFACTURERS
           FIGURE 28 SHIFT OF FOCUS FROM PASSIVE TOWARD ACTIVE SUSPENSION SYSTEMS
    5.1 CASE STUDY ANALYSIS
           5.10.1 HENDRICKSON TRAILER COMMERCIAL VEHICLE SYSTEMS
           5.10.2 VEHICLE SUSPENSION HARNESS SYSTEM
    5.11 TRADE ANALYSIS
           5.11.1 IMPORT AND EXPORT DATA OF SUSPENSION SYSTEMS AND PARTS, BY COUNTRY, 2019 (USD)
                     TABLE 6 IMPORT TRADE DATA, BY COUNTRY, 2019
                     TABLE 7 EXPORT TRADE DATA, BY COUNTRY, 2019

6 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 77)
    6.1 ASIA PACIFIC EXPECTED TO LEAD THE GLOBAL MARKET FOR AUTOMOTIVE SUSPENSION
    6.2 GROWING DEMAND FOR ELECTRIC VEHICLES - KEY FOCUS AREAS
    6.3 CONCLUSION

7 AUTOMOTIVE SUSPENSION MARKET, BY VEHICLE TYPE (Page No. - 79)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    7.1 INTRODUCTION
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 ASSUMPTIONS
           7.1.3 INDUSTRY INSIGHTS
                    FIGURE 29 AUTOMOTIVE SUSPENSION MARKET, BY VEHICLE TYPE, 2021 VS. 2026 (USD MILLION)
                    TABLE 8 AUTOMOTIVE SUSPENSION MARKET, BY VEHICLE TYPE, 2018–2020 (THOUSAND UNITS)
                    TABLE 9 AUTOMOTIVE SUSPENSION MARKET, BY VEHICLE TYPE, 2021–2026 (THOUSAND UNITS)
                    TABLE 10 AUTOMOTIVE SUSPENSION MARKET, BY VEHICLE TYPE, 2018–2020 (USD MILLION)
                    TABLE 11 AUTOMOTIVE SUSPENSION MARKET, BY VEHICLE TYPE, 2021–2026 (USD MILLION)
    7.2 PASSENGER CARS
           TABLE 12 PASSENGER CARS SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 13 PASSENGER CARS SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 14 PASSENGER CARS SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 15 PASSENGER CARS SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.3 LIGHT COMMERCIAL VEHICLES (LCV)
           TABLE 16 LIGHT COMMERCIAL VEHICLES SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 17 LIGHT COMMERCIAL VEHICLES SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 18 LIGHT COMMERCIAL VEHICLES SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 19 LIGHT COMMERCIAL VEHICLES SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.4 TRUCKS
           TABLE 20 TRUCKS SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 21 TRUCKS SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 22 TRUCKS SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 23 TRUCKS SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.5 BUSES
           TABLE 24 BUSES SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 25 BUSES SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 26 BUSES SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 27 BUSES SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)

8 AUTOMOTIVE SUSPENSION MARKET, BY SYSTEM (Page No. - 89)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 ASSUMPTIONS
           8.1.3 INDUSTRY INSIGHTS
                     FIGURE 30 AUTOMOTIVE SUSPENSION MARKET, BY SYSTEM, 2021 VS. 2026 (USD MILLION)
                     TABLE 28 AUTOMOTIVE SUSPENSION MARKET, BY SYSTEM, 2018–2020 (THOUSAND UNITS)
                     TABLE 29 AUTOMOTIVE SUSPENSION MARKET, BY SYSTEM TYPE, 2021–2026 (THOUSAND UNITS)
                     TABLE 30 AUTOMOTIVE SUSPENSION MARKET, BY SYSTEM, 2018–2020 (USD MILLION)
                     TABLE 31 AUTOMOTIVE SUSPENSION MARKET, BY SYSTEM, 2021–2026 (USD MILLION)
    8.2 PASSIVE
           TABLE 32 PASSIVE SYSTEM MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 33 PASSIVE SYSTEM MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 34 PASSIVE SYSTEM MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 35 PASSIVE SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION)
    8.3 SEMI-ACTIVE
           TABLE 36 SEMI-ACTIVE SYSTEM MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 37 SEMI-ACTIVE SYSTEM MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 38 SEMI-ACTIVE SYSTEM MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 39 SEMI-ACTIVE SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION)
    8.4 ACTIVE SUSPENSION
           TABLE 40 ACTIVE SYSTEM MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 41 ACTIVE SYSTEM MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 42 ACTIVE SYSTEM MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 43 ACTIVE SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION)

9 AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE (Page No. - 99)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 ASSUMPTIONS
           9.1.3 INDUSTRY INSIGHTS
                    FIGURE 31 AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021 VS. 2026 (USD MILLION)
                    TABLE 44 AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                    TABLE 45 AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                    TABLE 46 AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                    TABLE 47 AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
    9.2 MACPHERSON STRUT
           TABLE 48 MACPHERSON STRUT: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 49 MACPHERSON STRUT: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 50 MACPHERSON STRUT: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 51 MACPHERSON STRUT: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.3 DOUBLE WISHBONE
           TABLE 52 DOUBLE WISHBONE: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 53 DOUBLE WISHBONE: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 54 DOUBLE WISHBONE: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 55 DOUBLE WISHBONE: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.4 MULTILINK
           TABLE 56 MULTILINK: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 57 MULTILINK SUSPENSION: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 58 MULTILINK: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 59 MULTILINK: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.5 TWIST BEAM/TORSION BEAM
           TABLE 60 TWIST BEAM/TORSION BEAM: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 61 TWIST BEAM/TORSION BEAM: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 62 TWIST BEAM/TORSION BEAM: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 63 TWIST BEAM/TORSION BEAM: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.6 LEAF SPRING
           TABLE 64 LEAF SPRING: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 65 LEAF SPRING: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 66 LEAF SPRING: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 67 LEAF SPRING: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.7 AIR SUSPENSION
           TABLE 68 AIR SUSPENSION: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 69 AIR SUSPENSION: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 70 AIR SUSPENSION: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 71 AIR SUSPENSION: AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)

10 ACTIVE SUSPENSION MARKET, BY ACTUATION (Page No. - 113)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
     10.1 INTRODUCTION
           TABLE 72 HYDRAULICALLY ACTUATED VS. ELECTRONICALLY ACTUATED SUSPENSION SYSTEMS
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 ASSUMPTIONS
             10.1.3 INDUSTRY INSIGHTS
                        FIGURE 32 ACTIVE SUSPENSION MARKET, BY ACTUATION, 2021 VS. 2026 (USD MILLION)
                        TABLE 73 ACTIVE SUSPENSION MARKET, BY ACTUATION, 2018–2020 (THOUSAND UNITS)
                        TABLE 74 ACTIVE SUSPENSION MARKET, BY ACTUATION, 2021–2026 (THOUSAND UNITS)
                        TABLE 75 ACTIVE SUSPENSION MARKET, BY ACTUATION, 2018–2020 (USD MILLION)
                        TABLE 76 ACTIVE SUSPENSION MARKET, BY ACTUATION, 2021–2026 (USD MILLION)
     10.2 HYDRAULICALLY ACTUATED ACTIVE SUSPENSION
             TABLE 77 HYDRAULICALLY ACTUATED ACTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
             TABLE 78 HYDRAULICALLY ACTUATED ACTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
             TABLE 79 HYDRAULICALLY ACTUATED ACTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 80 HYDRAULICALLY ACTUATED ACTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)
     10.3 ELECTRONICALLY ACTUATED ACTIVE SUSPENSION
             TABLE 81 ELECTRONICALLY ACTUATED ACTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
             TABLE 82 ELECTRONICALLY ACTUATED ACTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
             TABLE 83 ELECTRONICALLY ACTUATED ACTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 84 ELECTRONICALLY ACTUATED ACTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)

11 AUTOMOTIVE SUSPENSION OE MARKET, BY COMPONENT (Page No. - 121)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
     11.1 INTRODUCTION
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 ASSUMPTIONS
                        FIGURE 33 AUTOMOTIVE SUSPENSION OE MARKET, BY COMPONENT, 2021 VS. 2026 (USD MILLION)
                        TABLE 85 AUTOMOTIVE SUSPENSION OE MARKET, BY COMPONENT, 2018–2020 (MILLION UNITS)
                        TABLE 86 AUTOMOTIVE SUSPENSION OE MARKET, BY COMPONENT, 2021–2026 (MILLION UNITS)
                        TABLE 87 AUTOMOTIVE SUSPENSION OE MARKET, BY COMPONENT, 2018–2020 (USD MILLION)
                        TABLE 88 AUTOMOTIVE SUSPENSION OE MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
     11.2 COIL SPRING
             TABLE 89 COIL SPRING OE MARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 90 COIL SPRING OE MARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 91 COIL SPRING OE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 92 COIL SPRING OE MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.3 AIR SPRING
             TABLE 93 AIR SPRING OE MARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 94 AIR SPRING OE MARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 95 AIR SPRING OE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 96 AIR SPRING OE MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.4 SHOCK ABSORBER
             TABLE 97 SHOCK ABSORBER OE MARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 98 SHOCK ABSORBER OE MARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 99 SHOCK ABSORBER OE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 100 SHOCK ABSORBER OE MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.5 STRUT
             TABLE 101 STRUT OE MARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 102 STRUT OE MARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 103 STRUT OE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 104 STRUT OE MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.6 CONTROL ARM
             TABLE 105 CONTROL ARM OE MARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 106 CONTROL ARM OE MARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 107 CONTROL ARM OE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 108 CONTROL ARM OE MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.7 RUBBER BUSHING
             TABLE 109 RUBBER BUSHING OE MARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 110 RUBBER BUSHING OE MARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 111 RUBBER BUSHING OE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 112 RUBBER BUSHING OE MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.8 LEAF SPRING
             TABLE 113 LEAF SPRING OE MARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 114 LEAF SPRING OE MARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 115 LEAF SPRING OE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 116 LEAF SPRING OE MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.9 LINK STABILIZER/SWAY BAR
             TABLE 117 LINK STABILIZER/SWAY BAR OE MARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 118 LINK STABILIZER/SWAY BAR OE MARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 119 LINK STABILIZER/SWAY BAR OE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 120 LINK STABILIZER/SWAY BAR OE MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.10 BALL JOINT
             TABLE 121 BALL JOINT OE MARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 122 BALL JOINT OE MARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 123 BALL JOINT OE MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 124 BALL JOINT OE MARKET, BY REGION, 2021–2026 (USD MILLION)

12 AUTOMOTIVE SUSPENSION AFTERMARKET, BY COMPONENT (Page No. - 140)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
     12.1 INTRODUCTION
             TABLE 125 COMPONENT REPLACEMENT MILES, BY VEHICLE TYPE, 2020
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 ASSUMPTIONS
                        FIGURE 34 AUTOMOTIVE SUSPENSION AFTERMARKET, BY COMPONENT, 2021 VS. 2026 (USD MILLION)
                        TABLE 126 AUTOMOTIVE SUSPENSION AFTERMARKET, BY COMPONENT, 2018–2020 (MILLION UNITS)
                        TABLE 127 AUTOMOTIVE SUSPENSION AFTERMARKET, BY COMPONENT, 2021–2026 (MILLION UNITS)
                        TABLE 128 AUTOMOTIVE SUSPENSION AFTERMARKET, BY COMPONENT, 2018–2020 (USD MILLION)
                        TABLE 129 AUTOMOTIVE SUSPENSION AFTERMARKET, BY COMPONENT, 2021–2026 (USD MILLION)
     12.2 SHOCK ABSORBER
             TABLE 130 SHOCK ABSORBER AFTERMARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 131 SHOCK ABSORBER AFTERMARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 132 SHOCK ABSORBER AFTERMARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 133 SHOCK ABSORBER AFTERMARKET, BY REGION, 2021–2026 (USD MILLION)
     12.3 STRUT
             TABLE 134 STRUT AFTERMARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 135 STRUT AFTERMARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 136 STRUT AFTERMARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 137 STRUT AFTERMARKET, BY REGION, 2021–2026 (USD MILLION)
     12.4 BALL JOINT
             TABLE 138 BALL JOINTS AFTERMARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 139 BALL JOINTS AFTERMARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 140 BALL JOINTS AFTERMARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 141 BALL JOINTS AFTERMARKET, BY REGION, 2021–2026 (USD MILLION)
     12.5 LEAF SPRING
             TABLE 142 LEAF SPRING AFTERMARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 143 LEAF SPRING AFTERMARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 144 LEAF SPRING AFTERMARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 145 LEAF SPRING AFTERMARKET, BY REGION, 2021–2026 (USD MILLION)
     12.6 CONTROL ARM
             TABLE 146 CONTROL ARM AFTERMARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 147 CONTROL ARM AFTERMARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 148 CONTROL ARM AFTERMARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 149 CONTROL ARM AFTERMARKET, BY REGION, 2021–2026 (USD MILLION)
     12.7 COIL SPRING
             TABLE 150 COIL SPRING AFTERMARKET, BY REGION, 2018–2020 (MILLION UNITS)
             TABLE 151 COIL SPRING AFTERMARKET, BY REGION, 2021–2026 (MILLION UNITS)
             TABLE 152 COIL SPRING AFTERMARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 153 COIL SPRING AFTERMARKET, BY REGION, 2021–2026 (USD MILLION)

13 ELECTRIC & HYBRID PASSENGER CAR SUSPENSION MARKET, BY ARCHITECTURE (Page No. - 155)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
     13.1 INTRODUCTION
             13.1.1 RESEARCH METHODOLOGY
             13.1.2 ASSUMPTIONS
             13.1.3 INDUSTRY INSIGHTS
                        FIGURE 35 ELECTRIC & HYBRID PASSENGER CAR SUSPENSION MARKET, BY ARCHITECTURE, 2021 VS. 2026 (USD MILLION)
                        TABLE 154 ELECTRIC & HYBRID PASSENGER CAR SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                        TABLE 155 ELECTRIC & HYBRID PASSENGER CAR SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                        TABLE 156 ELECTRIC & HYBRID PASSENGER CAR SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                        TABLE 157 ELECTRIC & HYBRID PASSENGER CAR SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
     13.2 BATTERY ELECTRIC VEHICLES (BEVS)
             TABLE 158 BATTERY ELECTRIC VEHICLES SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
             TABLE 159 BATTERY ELECTRIC VEHICLES MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
             TABLE 160 BATTERY ELECTRIC VEHICLES SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
             TABLE 161 BATTERY ELECTRIC VEHICLES SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
     13.3 PLUG-IN HYBRID ELECTRIC VEHICLES (PHEV)
             TABLE 162 PLUG-IN HYBRID ELECTRIC VEHICLES SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
             TABLE 163 PLUG-IN HYBRID ELECTRIC VEHICLES SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
             TABLE 164 PLUG-IN HYBRID ELECTRIC VEHICLES SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
             TABLE 165 PLUG-IN HYBRID ELECTRIC VEHICLES SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
     13.4 FUEL CELL ELECTRIC VEHICLES (FCEV)
             TABLE 166 FUEL CELL ELECTRIC VEHICLES SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
             TABLE 167 FUEL CELL ELECTRIC VEHICLES SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
             TABLE 168 FUEL CELL ELECTRIC VEHICLES SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
             TABLE 169 FUEL CELL ELECTRIC VEHICLES SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)

14 ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE (Page No. - 165)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
     14.1 INTRODUCTION
             14.1.1 RESEARCH METHODOLOGY
             14.1.2 ASSUMPTIONS
                        FIGURE 36 ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, 2021 VS. 2026 (USD MILLION)
                        TABLE 170 ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2018–2020 (THOUSAND UNITS)
                        TABLE 171 ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2021–2026 (THOUSAND UNITS)
                        TABLE 172 ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2018–2020 (USD MILLION)
                        TABLE 173 ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2021–2026 (USD MILLION)
     14.2 BY REGION
             14.2.1 ASIA PACIFIC
                        TABLE 174 ASIA PACIFIC: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2018–2020 (THOUSAND UNITS)
                        TABLE 175 ASIA PACIFIC: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2021–2026 (THOUSAND UNITS)
                        TABLE 176 ASIA PACIFIC: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2018–2020 (USD MILLION)
                        TABLE 177 ASIA PACIFIC: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2021–2026 (USD MILLION)
             14.2.2 EUROPE
                        TABLE 178 EUROPE: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2018–2020 (THOUSAND UNITS)
                        TABLE 179 EUROPE: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2021–2026 (THOUSAND UNITS)
                        TABLE 180 EUROPE: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2018–2020 (USD MILLION)
                        TABLE 181 EUROPE: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2021–2026 (USD MILLION)
             14.2.3 NORTH AMERICA
                        TABLE 182 NORTH AMERICA: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2018–2020 (THOUSAND UNITS)
                        TABLE 183 NORTH AMERICA: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2021–2026 (THOUSAND UNITS)
                        TABLE 184 NORTH AMERICA: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2018–2020 (USD MILLION)
                        TABLE 185 NORTH AMERICA: ELECTRIC & HYBRID TRUCKS AND BUSES SUSPENSION MARKET, BY VEHICLE TYPE, 2021–2026 (USD MILLION)
     14.3 BY VEHICLE TYPE
             14.3.1 ELECTRIC & HYBRID TRUCKS
                        TABLE 186 ELECTRIC & HYBRID TRUCKS SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                        TABLE 187 ELECTRIC & HYBRID TRUCKS SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                        TABLE 188 ELECTRIC & HYBRID TRUCKS SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                        TABLE 189 ELECTRIC & HYBRID TRUCKS SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             14.3.2 ELECTRIC & HYBRID BUSES
                        TABLE 190 ELECTRIC & HYBRID BUSES SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                        TABLE 191 ELECTRIC & HYBRID BUSES SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                        TABLE 192 ELECTRIC & HYBRID BUSES SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                        TABLE 193 ELECTRIC & HYBRID BUSES SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)

15 AUTOMOTIVE SUSPENSION MARKET, BY REGION (Page No. - 176)
The Chapter is Further Segmented By architecture at Regional and Country Level
     15.1 INTRODUCTION
             15.1.1 RESEARCH METHODOLOGY
             15.1.2 ASSUMPTIONS
                        TABLE 194 LIST OF ASSUMPTIONS, BY ARCHITECTURE TYPE AND VEHICLE TYPE
             15.1.3 INDUSTRY INSIGHTS
                        FIGURE 37 AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021 VS. 2026 (USD MILLION)
                                     TABLE 195 AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                        TABLE 196 AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                        TABLE 197 AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2018–2020 (USD MILLION)
                        TABLE 198 AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2021–2026 (USD MILLION)
                        TABLE 199 AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                        TABLE 200 AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                        TABLE 201 AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                        TABLE 202 AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
     15.2 ASIA PACIFIC
             FIGURE 38 ASIA PACIFIC AUTOMOTIVE SUSPENSION MARKET SNAPSHOT
             TABLE 203 ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
             TABLE 204 ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2021–2026 (THOUSAND UNITS)
             TABLE 205 ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 206 ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 207 ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
             TABLE 208 ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
             TABLE 209 ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
             TABLE 210 ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.2.1 CHINA
                        TABLE 211 CHINA: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.2.1.1 MacPherson has the largest volume market share in the Chinese Automotive Suspension market
                                     TABLE 212 CHINA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 213 CHINA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 214 CHINA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 215 CHINA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.2.2 INDIA
                        TABLE 216 INDIA: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.2.2.1 Air Suspension is the fastest growing market in India Automotive Suspension market
                                     TABLE 217 INDIA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 218 INDIA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 219 INDIA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 220 INDIA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.2.3 JAPAN
                        TABLE 221 JAPAN: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.2.3.1 MacPherson architecture account for the largest share of the market in Japan in terms of volume
                                     TABLE 222 JAPAN: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 223 JAPAN: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 224 JAPAN: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 225 JAPAN: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.2.4 SOUTH KOREA
                        TABLE 226 SOUTH KOREA: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.2.4.1 Air suspension is the fastest-growing architecture segment of the market in South Korea
                                     TABLE 227 SOUTH KOREA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 228 SOUTH KOREA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 229 SOUTH KOREA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 230 SOUTH KOREA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.2.5 REST OF ASIA PACIFIC
                        15.2.5.1 Leaf spring accounts for the largest share of the market in the Rest of Asia Pacific
                                     TABLE 231 REST OF ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 232 REST OF ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 233 REST OF ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 234 REST OF ASIA PACIFIC: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
     15.3 EUROPE
           FIGURE 39 EUROPE: AUTOMOTIVE SUSPENSION MARKET SNAPSHOT
             TABLE 235 EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
             TABLE 236 EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2021–2026 (THOUSAND UNITS)
             TABLE 237 EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 238 EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 239 EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
             TABLE 240 EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
             TABLE 241 EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
             TABLE 242 EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.3.1 GERMANY
                        TABLE 243 GERMANY: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.3.1.1 Air suspension architecture account for the largest share of the market in Germany
                                     TABLE 244 GERMANY: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 245 GERMANY: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 246 GERMANY: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 247 GERMANY: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.3.2 UK
                        TABLE 248 UK: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.3.2.1 MacPherson architecture is the second-largest segment of the market in the UK
                                     TABLE 249 UK: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 250 UK: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 251 UK: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 252 UK: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.3.3 FRANCE
                        TABLE 253 FRANCE: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.3.3.1 MacPherson account for the largest share in the market in France in terms of volume
                                     TABLE 254 FRANCE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 255 FRANCE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 256 FRANCE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 257 FRANCE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.3.4 SPAIN
                        TABLE 258 SPAIN: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.3.4.1 Air suspension architecture expected to lead the market in Spain in terms of value
                                     TABLE 259 SPAIN: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 260 SPAIN: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 261 SPAIN: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 262 SPAIN: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.3.5 ITALY
                        TABLE 263 ITALY: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.3.5.1 Increased demand for air suspension architecture in special application trucks drive the market
                                     TABLE 264 ITALY: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 265 ITALY: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 266 ITALY: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 267 ITALY: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.3.6 RUSSIA
                        TABLE 268 RUSSIA: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.3.6.1 MultiLink is the fastest-growing architecture segment in Russia
                                     TABLE 269 RUSSIA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 270 RUSSIA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 271 RUSSIA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 272 RUSSIA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.3.7 REST OF EUROPE
                        15.3.7.1 Air suspension is the largest architecture segment in the Rest of Europe
                                     TABLE 273 REST OF EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 274 REST OF EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 275 REST OF EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 276 REST OF EUROPE: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
     15.4 NORTH AMERICA
             FIGURE 40 NORTH AMERICA: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2021 VS. 2026 (USD MILLION)
             TABLE 277 NORTH AMERICA: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
             TABLE 278 NORTH AMERICA: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2021–2026 (THOUSAND UNITS)
             TABLE 279 NORTH AMERICA: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 280 NORTH AMERICA: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 281 NORTH AMERICA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
             TABLE 282 NORTH AMERICA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
             TABLE 283 NORTH AMERICA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
             TABLE 284 NORTH AMERICA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.4.1 US
                        TABLE 285 US: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.4.1.1 Air Suspension is expected to grow at the highest CAGR in the automotive suspension market in the US
                                     TABLE 286 US: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 287 US: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 288 US: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 289 US: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.4.2 MEXICO
                        TABLE 290 MEXICO: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.4.2.1 MultiLink is the fastest-growing architecture segment of the market in Mexico
                                     TABLE 291 MEXICO: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 292 MEXICO: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 293 MEXICO: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 294 MEXICO: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.4.3 CANADA
                        TABLE 295 CANADA: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.4.3.1 Air suspension architecture expected to lead the automotive suspension market in Canada
                                     TABLE 296 CANADA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 297 CANADA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 298 CANADA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 299 CANADA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
     15.5 REST OF THE WORLD (ROW)
             FIGURE 41 ROW: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2021 VS. 2026 (USD MILLION)
             TABLE 300 ROW: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
             TABLE 301 ROW: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2021–2026 (THOUSAND UNITS)
             TABLE 302 ROW: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 303 ROW: AUTOMOTIVE SUSPENSION MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 304 ROW: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
             TABLE 305 ROW: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
             TABLE 306 ROW: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
             TABLE 307 ROW: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.5.1 BRAZIL
                        TABLE 308 BRAZIL: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.5.1.1 MacPherson architecture account for the largest share of the automotive suspension market in Brazil
                                     TABLE 309 BRAZIL: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 310 BRAZIL: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 311 BRAZIL: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 312 BRAZIL: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.5.2 SOUTH AFRICA
                        TABLE 313 SOUTH AFRICA: AUTOMOTIVE PRODUCTION, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                        15.5.2.1 Leaf spring suspension is the largest market in South Africa in terms of volume
                                     TABLE 314 SOUTH AFRICA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                                     TABLE 315 SOUTH AFRICA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                                     TABLE 316 SOUTH AFRICA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                                     TABLE 317 SOUTH AFRICA: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)
             15.5.3 OTHER COUNTRIES
                        TABLE 318 OTHER COUNTRIES: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (THOUSAND UNITS)
                        TABLE 319 OTHER COUNTRIES: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (THOUSAND UNITS)
                        TABLE 320 OTHER COUNTRIES: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2018–2020 (USD MILLION)
                        TABLE 321 OTHER COUNTRIES: AUTOMOTIVE SUSPENSION MARKET, BY ARCHITECTURE, 2021–2026 (USD MILLION)

16 COMPETITIVE LANDSCAPE (Page No. - 234)
     16.1 OVERVIEW
     16.2 AUTOMOTIVE SUSPENSION MARKET SHARE ANALYSIS, 2020
             TABLE 322 MARKET SHARE ANALYSIS FOR OE MARKET, 2020
             FIGURE 42 AUTOMOTIVE SUSPENSION MARKET SHARE, 2020
     16.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
     16.4 COMPANY EVALUATION QUADRANT
             16.4.1 STAR
             16.4.2 EMERGING LEADERS
             16.4.3 PERVASIVE
             16.4.4 PARTICIPANTS
                        TABLE 323 AUTOMOTIVE SUSPENSION MARKET: COMPANY PRODUCT FOOTPRINT, 2020
                        TABLE 324 AUTOMOTIVE SUSPENSION MARKET: COMPANY APPLICATION FOOTPRINT, 2020
                        TABLE 325 AUTOMOTIVE SUSPENSION MARKET: COMPANY REGION FOOTPRINT, 2020
                        FIGURE 43 COMPETITIVE EVALUATION MATRIX, 2020
                        FIGURE 44 DETAILS ON KEY DEVELOPMENTS BY LEADING PLAYERS
     16.5 COMPETITIVE SCENARIO
             16.5.1 NEW PRODUCT LAUNCHES
                        TABLE 326 PRODUCT LAUNCHES, 2017–2020
             16.5.2 DEALS
                        TABLE 327 DEALS, 2017–2020
             16.5.3 EXPANSIONS, 2017–2020
                        TABLE 328 EXPANSIONS, 2017–2020
     16.6 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2017–2020
             FIGURE 45 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND EXPANSION AS KEY GROWTH STRATEGIES, 2017–2020

17 COMPANY PROFILES (Page No. - 248)
     17.1 KEY PLAYERS
     (Business overview, Products Offered, Recent developments, MnM view)* 
             17.1.1 ZF FRIEDRICHSHAFEN AG
                       TABLE 329 ZF FRIEDRICHSHAFEN AG: BUSINESS OVERVIEW
                        FIGURE 46 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
                        TABLE 330 ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED
                        TABLE 331 ZF FRIEDRICHSHAFEN AG: NEW PRODUCT DEVELOPMENTS
                        TABLE 332 ZF FRIEDRICHSHAFEN AG: DEALS
             17.1.2 TENNECO INC.
                        TABLE 333 TENNECO INC.: BUSINESS OVERVIEW
                        FIGURE 47 TENNECO INC.: COMPANY SNAPSHOT
                        TABLE 334 TENNECO INC.: PRODUCTS OFFERED
                        TABLE 335 TENNECO INC.: NEW PRODUCT DEVELOPMENTS
                        TABLE 336 TENNECO INC: DEALS
                        TABLE 337 TENNECO INC.: OTHER DEVELOPMENTS
             17.1.3 CONTINENTAL AG
                        TABLE 338 CONTINENTAL AG: BUSINESS OVERVIEW
                        FIGURE 48 CONTINENTAL AG: COMPANY SNAPSHOT
                        TABLE 339 CONTINENTAL AG: PRODUCTS OFFERED
                        TABLE 340 CONTINENTAL AG: NEW PRODUCT DEVELOPMENTS
                        TABLE 341 CONTINENTAL AG: DEALS
                        TABLE 342 CONTINENTAL AG: OTHER DEVELOPMENT
             17.1.4 THYSSENKRUPP AG
                        TABLE 343 THYSSENKRUPP AG: BUSINESS OVERVIEW
                        FIGURE 49 THYSSENKRUPP AG: COMPANY SNAPSHOT
                        TABLE 344 THYSSENKRUPP AG: PRODUCTS OFFERED
                        TABLE 345 THYSSENKRUPP AG.: OTHER DEVELOPMENT
             17.1.5 KYB CORPORATION
                        TABLE 346 KYB CORPORATION: BUSINESS OVERVIEW
                        FIGURE 50 KYB CORPORATION: COMPANY SNAPSHOT
                        TABLE 347 KYB CORPORATION: PRODUCTS OFFERED
                        TABLE 348 KYB CORPORATION: NEW PRODUCT DEVELOPMENTS
                        TABLE 349 KYB CORPORATION: OTHER DEVELOPMENTS
             17.1.6 BENTELER
                        TABLE 350 BENTELER: BUSINESS OVERVIEW
                        FIGURE 51 BENTELER: COMPANY SNAPSHOT
                        TABLE 351 BENTELER: PRODUCTS OFFERED
                        TABLE 352 BENTELER: OTHER DEVELOPMENTS
             17.1.7 MARELLI
                        TABLE 353 MARELLI: BUSINESS OVERVIEW
                        TABLE 354 MARELLI: PRODUCTS OFFERED
                        TABLE 355 MARRELI: DEALS
             17.1.8 MANDO CORPORATION
                        TABLE 356 MANDO CORPORATION: BUSINESS OVERVIEW
                        FIGURE 52 MANDO CORPORATION: COMPANY SNAPSHOT
                        TABLE 357 MANDO CORPORATION: PRODUCTS OFFERED
             17.1.9 NHK SPRING
                        TABLE 358 NHK SPRING: BUSINESS OVERVIEW
                        FIGURE 53 NHK SPRING: COMPANY SNAPSHOT
                        TABLE 359 NHK SPRING: PRODUCTS OFFERED
             17.1.10 SOGEFI
                        TABLE 360 SOGEFI: BUSINESS OVERVIEW
                        FIGURE 54 SOGEFI: COMPANY SNAPSHOT
                        TABLE 361 SOGEFI: PRODUCTS OFFERED
     *Details on Business overview, Products Offered, Recent developments, MnM view might not be captured in case of unlisted companies. 
     17.2 OTHER PLAYERS
             17.2.1 HENDRICKSON
                        TABLE 362 HENDRICKSON: BUSINESS OVERVIEW
             17.2.2 RASSINI
                        TABLE 363 RASSINI: BUSINESS OVERVIEW
             17.2.3 INFINEON TECHNOLOGIES
                        TABLE 364 INFINEON TECHNOLOGIES: BUSINESS OVERVIEW
             17.2.4 BWI GROUP
                        TABLE 365 BWI GROUP: BUSINESS OVERVIEW
             17.2.5 HYUNDAI MOBIS
                        TABLE 366 HYUNDAI MOBIS: BUSINESS OVERVIEW
             17.2.6 JAMNA AUTO INDUSTRIES LTD.
                        TABLE 367 JAMNA AUTO INDUSTRIES LTD.: BUSINESS OVERVIEW
             17.2.7 MULTIMATIC INC.
                        TABLE 368 MULTIMATIC INC.: BUSINESS OVERVIEW
             17.2.8 HITACHI AUTOMOTIVE SYSTEMS
                        TABLE 369 HITACHI AUTOMOTIVE SYSTEMS: BUSINESS OVERVIEW

18 APPENDIX (Page No. - 280)
     18.1 INSIGHTS OF INDUSTRY EXPERTS
     18.2 DISCUSSION GUIDE
     18.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     18.4 AVAILABLE CUSTOMIZATIONS
             18.4.1 AUTOMOTIVE SUSPENSION MARKET, ICE VEHICLE TYPE (COUNTRY LEVEL)
                        18.4.1.1 Passenger cars
                        18.4.1.2 LCV
                        18.4.1.3 HCV
             18.4.2 AUTOMOTIVE SUSPENSION MARKET, ELECTRIC & HYBRID VEHICLE (COUNTRY LEVEL)
                        18.4.2.1 BEV
                        18.4.2.2 HEV
                        18.4.2.3 PHEV
             18.4.3 PASSIVE, SEMI-ACTIVE, AND ACTIVE SUSPENSION, BY ARCHITECTURE (COUNTRY LEVEL)
                        18.4.3.1 MacPherson Strut
                        18.4.3.2 Double Wishbone
                        18.4.3.3 MultiLink
                        18.4.3.4 Twist Beam/Torsion Beam
                        18.4.3.5 Leaf Spring Suspension
                        18.4.3.6 Air Suspension
     18.5 RELATED REPORTS
     18.6 AUTHOR DETAILS

The study involves four main activities to estimate the current size of the automotive suspension market. Exhaustive secondary research was done to collect information on the market, such as automotive suspension type and usage of suspension type in automotive applications. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Bottom-up and top-down approaches were employed to estimate the complete market size for different segments considered under this study. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to in this research study include Organisation Internationale des Constructeurs dAutomobiles (OICA); Consumer Specialty Products Association; SAE International; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. The secondary data was collected and analyzed to arrive at the overall market size, which is further validated by primary research. Trade websites and technical articles have been used to identify and collect information useful for an extensive commercial study of the automotive suspension market.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the automotive suspension market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand- (vehicle manufacturers) and supply-side (automotive suspension manufacturers, component manufacturers, and others) players across three major regions, namely, North America, Europe, and Asia Pacific. Approximately 70% and 30% of the primary interviews were conducted from the supply and demand sides, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. Various departments within organizations, including sales, operations, and administration strived, to provide a holistic viewpoint in reports while canvassing primaries.

After interacting with industry participants, some brief sessions were conducted with experienced independent consultants to reinforce the findings from the primaries. This, along with the opinions of in-house subject matter experts, has led to the findings delineated in the rest of this report:

Automotive Suspension Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the value and volume of the automotive suspension market and other dependent submarkets, as mentioned below:

  • Key players in the automotive suspension market were identified through secondary research, and their global market shares were determined through primary and secondary research.
  • The research methodology included the study of annual and quarterly financial reports and regulatory filings of major market players (public) as well as interviews with industry experts for detailed market insights.
  • All industry-level penetration rates, percentage shares, splits, and breakdowns for the automotive suspension market were determined using secondary sources and verified through primary sources.
  • All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative and qualitative data.
  • The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.

Automotive Suspension Market Size: Bottom-Up Approach (Architecture And Region)

Automotive Suspension Market  Size, and Bottom-Up Approach

Automotive Suspension Market Size: Bottom-Up Approach (Aftermarket By Component)

Automotive Suspension Market  Size, and Bottom-Up Approach

Active Suspension Market Size: Top-Down Approach (Actuation Type)

Automotive Suspension Market  Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size of the global market through the above-mentioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact data for the market by value for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.

Report Objectives

  • To define, describe, and forecast the size of the automotive suspension market in terms of value and volume:
    • By System (passive suspension, semi-active suspension, and active suspension)
    • Active Suspension Market, By Actuation (hydraulically actuated and electronically actuated)
    • By Architecture (MacPherson strut, double wishbone, MultiLink, twist beam/torsion beam, leaf spring suspension, air suspension)
    •  OE Market, By Component (coil spring, air spring, shock dampener, strut, control arm, ball joint, rubber bushing, leaf spring, and sway bar/link stabilizer)
    • Aftermarket, By Component (shock absorber, strut, ball joint, leaf spring, control arm, coil spring)
    • By Vehicle Type (passenger cars, light commercial vehicles, trucks, and buses)
    • Electric & Hybrid Passenger Car Suspension, By Architecture (leaf spring suspension, air suspension, double wishbone, MacPherson strut, MultiLink, Twist Beam/torsion beam)
    • Electric & Hybrid Trucks and Buses Suspension, By Vehicle Type (trucks and buses)
    • By Region (Asia Pacific, North America, Europe, and the Rest of the World)
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the market
  • To analyze the market share of leading players in the automotive suspension market and evaluate competitive leadership mapping
  • To analyze recent developments, including mergers & acquisitions, new product launches, expansions, and other activities, undertaken by key industry participants in the market

Available Customizations

  • Along with the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
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