Global Advanced Automotive Suspensions Market Size to Reach USD 64.87 Billion in 2032 | Emergen Research

Vancouver, Aug. 30, 2023 (GLOBE NEWSWIRE) -- The global market for advanced automotive suspensions is projected to achieve a valuation of USD 64.87 billion by 2032, with a consistent annual revenue growth rate of 3.4% throughout the forecast period. This analysis, provided by Emergen Research, highlights the driving forces behind this expansion. A significant driver of this market's revenue surge is the increasing consumer preference for smoother and more comfortable journeys. In the transportation sector, heavy-duty vehicles (HDVs) such as heavy trucks, tractor trailers, trailer trucks, and military trucks are prevalent.
As traffic volume and vehicle loads continue to rise, there's a consequential rise in the risk of vehicle parts enduring damage. This amplification in traffic-related strain underscores the pronounced influence of vehicle vibrations on passenger comfort and safety. Irrespective of the condition of the road surface, the active suspension systems integrated into vehicles are primarily designed to elevate both the stability and the quality of the ride experience for these heavy-duty vehicles (HDVs). This escalating requirement for advanced automotive suspensions is a direct outcome of the aforementioned factors.

Ready to Learn More? Download the Sample Report Today @ https://www.emergenresearch.com/request-sample/2179

However, a notable obstacle that could impede the expansion of market revenues is the intricate process of integrating these advanced suspension systems into existing vehicle designs. The intricacy arises from the challenge of retrofitting cutting-edge suspensions into vehicles that were not originally engineered to accommodate them. This endeavor may entail considerable difficulties and expenses. Modifying core components such as the chassis and frame could be imperative, leading to heightened production expenses and protracted development timelines. Ensuring that the incorporation of sophisticated suspension systems does not compromise other essential aspects of the vehicle, including handling, safety, and weight distribution, presents another critical concern for automakers. The intricate technological demands and the associated cost considerations act as significant limitations, curtailing the widespread adoption of modern automotive suspensions and, consequently, constraining market growth.

Additionally, the evolution of advanced automotive suspensions is closely intertwined with the broader landscape of vehicle dynamics. Achieving an optimal balance between enhanced suspension capabilities and maintaining the vehicle's overall performance necessitates meticulous engineering. The integration of sophisticated suspension systems demands a comprehensive reassessment of the vehicle's structural attributes and mechanics.

Furthermore, the market's growth trajectory is influenced by regulatory frameworks and industry standards. As safety and environmental regulations become more stringent, automakers must ensure that advanced suspensions not only heighten comfort but also adhere to these evolving standards. This convergence of innovation and compliance poses a dual challenge that requires both technical prowess and regulatory acumen.

Uncover Hidden Knowledge with Our Discounted Report @ https://www.emergenresearch.com/request-discount/2179

Scope of Research

Major Companies and Competitive Landscape

The global advanced automotive suspensions market is consolidated, with few large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective advanced automotive suspensions services. Some major players included in the global advanced automotive suspensions market report are:

• Continental AG
• ZF Friedrichshafen AG
• Tenneco Inc.
• Marelli Holdings Co., Ltd.
• KYB Corporation
• HL Mando Corp.
• BWI Group
• Hitachi Astemo, Ltd.
• WABCO
• ThyssenKrupp AG

Strategic Development

• On 30 January 2023, RENK Group acquired General Kinetics through its suspension expert Horstman and combined with its current advanced mobility center of excellence to become Horstman Canada. The new firm continues to offer top-notch mobility solutions and now collaborates with RENK's robust U.S., European, and global presence to supply a broad spectrum of suspension and vibration reduction solutions.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2179

Some Key Highlights From the Report

• The active suspension segment is expected to account for largest revenue share in the global advanced automotive suspensions market during the forecast period. This is because these technologies allow automakers to achieve higher levels of ride quality and car handling by maintaining the tires’ perpendicular alignment to the road during turns. Active suspension systems are common in high-end luxury vehicles. In addition, this will prevent unintended contact between the vehicle frame and ground (especially when driving over a depression), enabling more effective traction and steering control.
• The shock absorbers segment is expected to register steadily fast revenue growth rate in the global advanced automotive suspensions market during the forecast period. This is due to rapid advancements in automobiles and rising demand for bespoke vehicle shock absorbers. Different standards for shock absorbers apply to various automobile models since need for these absorbers has increased, which in turn, rises demand for custom automobile shock absorber components. The twin-tube and mono-tube shocks, in contrast to adjustable and nonadjustable shocks, are fundamentally two different designs. Furthermore, industry focus has also switched to product customization dependent on delivery vehicles, which is expected to drive market revenue growth during the forecast period.
• The Asia Pacific market is expected to account for largest revenue share in the global advanced automotive suspensions market during the forecast period. This is attributed to rising automobile ownership and increasing middle-class population in economies such as China and India. This has encouraged the use of sophisticated suspension systems. The development and manufacture of modern suspension technologies have been made easier by region's robust manufacturing sector and presence of significant automotive organizations.
• On 11 July 2023, ClearMotion, the industry-leading software-defined chassis company revolutionizing the in-cabin experience, collaborated with BWI Group, an international innovator in automotive braking and suspension system technology, with the goal to provide vital full-active suspension components and subsystems to a leading EV manufacturer.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/advanced-automotive-suspensions-market

Emergen Research has segmented the global advanced automotive suspensions market on the basis of suspension type, vehicle type, sales channel, suspension components, application, and region:

• Suspension Type Outlook (Revenue, USD Billion; 2019–2032)                                            

• • Active Suspension
  • Semi-Active Suspension
  • Passive Suspension

• Vehicle Type Outlook (Revenue, USD Billion; 2019–2032)                                           

• • Passenger Car
  • Light Commercial Vehicle (LCV)
  •  Heavy Commercial Vehicle (HCV)

• Sales Channel Outlook (Revenue, USD Billion; 2019–2032)                                           

• • Original Equipment Manufacturers (OEMs)
  • Aftermarket

• Suspension Components Outlook (Revenue, USD Billion; 2019–2032)                                           

• • Shock Absorbers
  • Springs
  • Control Arms
  • Stabilizer Bars
  • Others

• Application Outlook (Revenue, USD Billion; 2019–2032)                                           

• • Luxury and Premium Vehicles
  • Sports Cars and Performance Vehicles
  • Off-Road and Sports Utility Vehicles (SUVs)
  • Others

• Regional Outlook (Revenue, USD Billion; 2019–2032)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. UK
    3. France
    4. Italy
    5. Spain
    6. Sweden
    7. BENELUX
    8. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Israel
    5. Rest of Middle East & Africa

Curated Reports You Shouldn't Miss: Dive In Now!

Electric Vehicle Fluids and Lubricants Market By Product Type (Grease, Brake Fluids, Heat Transfer Fluids, Drive System Fluids), By Distribution Channel (OEMs, Aftermarket), By Propulsion Type, and By Region, Forecast to 2028

Unmanned Aerial Vehicle Market By Product (Small UAV, Tactical and Strategic UAV), By Point of Sale (Aftermarket, OEM), By Technology, By System, By Wing Type, By Application, By End-Use, and By Region Forecast to 2030

Automotive LiDAR Market By Image Type (2D Image Type, 3D Image Type) By Technology (Solid-State LiDAR, Mechanical/Scanning LiDAR), By Vehicle Type (ICE, HEV, PHEV), By Application, By Location, and By Region, Forecasts to 2027

Intelligent Transportation System Market By Mode of Transport (Roadways, Airways, Railways), By System (Advanced Traveler Information System, Advanced Public Transportation System), By Application (Intelligent Traffic Control, Parking Management), and By Region, Forecasts to 2027

Automotive Actuators Market By Vehicle Type (Passenger Cars, Commercial Vehicles), By Applications (Throttle, Seat Adjustment, Brake, Closer and Other Actuators) and By Regions Forecasts to 2027

Remote Vehicle Shutdown Market By Type (Automatic, Manual), By Propulsion (Electric, Diesel, Petrol), By Vehicle (Commercial, Passenger), By Region Forecasts to 2027

Autonomous Emergency Brakes Market By Technology, By Component, By Automation Level, By Application, Forecasts to 2027

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: https://www.emergenresearch.com/

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Explore Our Japanese Version: Advanced Automotive Suspensions Market

Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights

Read our Press Release @ https://www.emergenresearch.com/press-release/global-advanced-automotive-suspensions-market