Better ride control performance and a focus on providing drivers with a smooth, safe ride without any vibrations are two major factors that have altered the market for automobile suspension systems as a whole. Since the suspension carries the vehicle body and transfers all forces between the body and the road, it is crucial for both comfortable driving and safety.
The market for Automotive suspension systems is anticipated to reach US$ 95 billion by 2032, expanding at a CAGR of 4.36 percent from US$ 62 billion in 2022.
Wishbones, springs, and shock absorbers make up the vehicle suspension system, which transmits and filters all forces between the body and the road. It guarantees that the vehicle responds favorably to control forces generated by the tires during braking and acceleration forces in addition to offering good ride and handling characteristics. The market for automobile suspension systems is experiencing growth due to the introduction of suspension systems that virtually eliminate vehicle vibration and provide the best possible ride and control. Automotive suspension systems also aid in reducing unnecessary deterioration of the vehicle and its parts.
Key Players:
- The Benteler Group
- Continental AG
- KYB Co., Ltd.
- Magneti Marelli S.p.A.
- Mando Corporation
- Schaeffler AG
- Tenneco Inc.
- TRW Automobile Holdings Corporation
- WABCO Holdings Inc.
- ZF Friedrichshafen AG
