Automotive Suspension Market

The automotive suspension market is projected to reach USD 42.43 billion by 2032 from USD 39.91 billion in 2025, at a CAGR of 0.9% during the forecast period.

The automotive suspension market is dominated by established players, including Continental AG (Germany), ZF Friedrichshafen AG (Germany), ThyssenKrupp AG (Germany), KYB Corporation (Japan), and Tenneco Inc. (US), among others. These companies adopt product launches, deals, and other strategies to gain traction in the global automotive suspension market. These players have expanded their regional presence through partnerships, joint ventures, and new establishments in high-growth regions. Their wide product portfolios, coupled with regional presence, have helped the market leaders to establish themselves in the global automotive suspension market.

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ZF Friedrichshafen AG operates through several key subsidiaries across the globe to support its diverse portfolio in driveline, chassis, active, and passive safety technologies. ZF supplies its automotive suspension and other components to major North American OEMs like Jeep, GM, Tesla, VW, Mercedes-Benz, Ford, BMW, Honda, Nissan, Audi, and Chrysler. Its latest generation axle system with independent front suspension, which includes air suspension, shock absorbers, and a brake system, is designed for trucks. The company has developed a strong R&D division over the years, which constantly focuses on developing new technologies. In 2024, the company invested 7.1% of overall sales in research and development activities compared to 6.2% in 2023. ZF Friedrichshafen AG has a strong foothold in Europe and North America, as more than 70% of its overall revenue is generated from these regions. With rising demand for advanced suspension systems in China and India, ZF has an opportunity to expand its suspension footprint beyond Europe and North America. EVs and software-defined vehicles require integrated chassis control, adaptive damping, and lightweight suspension systems. ZF’s Vehicle Motion Control (VMC) platform positions the company to capitalize on this trend.

Tenneco Inc. is a leading designer, manufacturer, and distributor of clean air and ride performance products & systems for automotive, commercial trucks, and off-highway segments. Tenneco operates through four business segments: DRiV, Performance Solutions, Clean Air, and Powertrain. The DRiV segment offers shocks and struts, steering & suspension, brake, sealing, engine, and emissions. Also, the company supplies aftermarket suspension products through several brands under its DRiV division, the names of the brands are Monroe, Rancho, Fric Rot, and Monroe Axious. Tenneco Inc. has established strong supply contracts for its innovative suspension system with leading OEMs, such as Volkswagen, Mercedes, Nissan, and Toyota. The company offers technologically advanced active suspension for both OE and aftermarket. Tenneco is a top supplier of ride performance, NVH, and suspension systems for light vehicles, commercial vehicles, and motorsports. The strong focus on technology innovation has been the greatest strength of the company. Its Monroe intelligent suspension (MIS) system provides the company with a competitive edge over other players as the MIS technology is expected to have high growth potential in the coming years, further strengthening the company’s automotive suspension business. Tenneco has pioneered Monroe Intelligent Suspension (CVSAe, CVSA2, CVSA2/Kinetic) and Öhlins’ premium racing technologies. In 2024, the McLaren 750S adopted Tenneco’s CVSA2/Kinetic system, showcasing its leadership in semi-active suspension for high-performance vehicles.

ThyssenKrupp AG comprises six business divisions: Automotive Technology, Industrial Components, Multi Track, Marine Systems, Steel Europe, and Materials Services. It offers various automotive suspension products such as steel springs, air suspension systems, spring plates, stabilizer brackets, head bearings, and overload springs under its Automotive Technology division. With competence for the entire chassis, the company has production facilities in Europe, the Americas, and China, supplying products for the complete spectrum of shock absorbers. The company caters to both OE and aftermarket demand for dampers. Thyssenkrupp Bilstein and Baolong Automotive have entered a strategic cooperation to deliver integrated suspension solutions for global OEMs. The partnership combines Bilstein’s expertise in shock absorbers with Baolong’s strength in air springs and ECAS components to offer bundled suspension systems, particularly targeting China and Europe. The joint offering focuses on semi-active and air suspension technologies, addressing growing demand for premium ride comfort, safety, and EV-ready suspension systems.

Related Reports:

Automotive Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multilink, Twist Beam, Leaf Spring, Air Suspension), System, Actuation, Component, Vehicle (ICE, Electric, Off-Highway, ATV), Aftermarket, & Region – Global Forecast to 2032

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