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The Global Automotive Suspension Market is projected from USD 47.6 billion in 2023 to be USD 74.8 billion by 2030 with a CAGR of 2.9 % during the forecast period 2025 - 2030.

The system that consists of shock absorbers, control arms, ball joints and spring is known as automotive suspension which connects the wheel and vehicle to enable relative motion between the two. Due to these system vehicles tires remain in contact with the road during the ride and provide a shocks free ride to the passengers. This system also protects the vehicle and its cargo from any damage. Vehicle is protected from high frequency vibrations from tire excitation. Suspension plays an important role in the quality of rides and car control during car handling. Vehicles like ambulances need special type of suspension as it carries already ill passengers. All these factors are encouraging to boost the demand for growing comfort in driving, which has a positive impact on the growth of the global automotive suspension market. Also the usage of advanced technology and materials has made it possible to provide a personalized and safe driving experience. High cost of installation of new suspension systems is limiting the market from growing. Also consumers need to pay additional expenses like hardware, telecom service charges and applications which is hampering the growth of automotive suspension. Overall, all these factors hinder the growth of automotive suspension market.

Browse 80 market data Tables and 44 Figures spread through 194 Pages and in-depth TOC on "Automotive Suspension Market by Engine Type (Turbofan, Turboprop, Turboshaft and Piston), by Component (Compressor, Turbine, Gear Box, Exhaust, Nozzle and Fuel System), by Platform Type (Fixed Wing, Rotary Wing and Unmanned Aerial Vehicle - UAV), by Technology Type (Conventional and Hybrid), by End-User (Commercial, Military and General Aviation), and by Region (North America, Asia-Pacific, Europe and Rest of the World) - Global Forecast to 2030

Global Automotive Suspension Market Segmentation and Key Players

By suspension, hydraulic dominate the global automotive suspension market.

Based on suspension type, the Automotive Suspension Market is segmented into air, hydraulic and electromagnetic suspension.  The hydraulic segment is to dominate the market as these systems are widely used in this industry.

“The Asia-Pacific (APAC) is expected to register the fastest CAGR during the forecast period, i.e., 2025-2030 in the automative suspension market.”

Asia Pacific segment shall dominate the Global Automotive Suspension Market as it covers the expectations of the huge individual base in the region.

The major key players of the global Automotive Suspension market are Tenneco Inc., KYB Corporation,  Continental AG,  LORD Corporation, Daimler AG, Hendrickson USA LLC, WABCO Holdings Inc., Hyundai Mobis Co. Ltd., NHK Spring Co, Ltd. (Japan), Parker Hannifin Corporation (US), ThyssenKrupp AG, Sogefi SpA, Gabriel India Ltd (ANAND Group), Marelli Holdings Co. Ltd., HL Mando Corp., FOX Factory, Inc., Infineon Technologies AG, Hitachi Ltd., Benteler International AG (Austria), Rassini (Mexico), Parker Hannifin Corp.

Recent Development by Key Players

Fox Factory acquired Marucci Sports to drive synergistic growth without compromising the core identity and values. This collaboration is to add a business meet the growth criteria. Also it shall help to drive leading positions in each of the key markets.

Korea’s HL Group and India's Anand Group have formed a joint venture that shall broaden both enterprises’ aftermarket portfolios. This JV shall add new products basically passenger vehicles, enter new markets and double Anand’s aftermarket sales in five years.

Global Automotive Suspension Market Coverage (By Value)

• Engine Type Insight and Forecast 2025-2030
• Vehicle type
  • Two wheelers
  • Passeger cars
  • Commercial vehicles
• Suspension Insight and Forecast 2025-2030
  • Air
  • Hydraulic
  • Electromagnetic
• System Insight and Forecast 2025-2030
  • Active
  • Semi active
  • Passive
• OEM Component Insight and Forecast 2025-2030
  • Shock
  • Spring
  • Struts
  • Control arms
  • Air compressor
  • Leaf spring
  • Dampener
  • Ball joint.
• Distribution Channel Insight and Forecast 2025-2030
  • OEM
  • Aftermarket

Geographical Segmentation

Global Automotive Suspension Market by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
• Rest of the World
  • Brazil
  • SaudiArabia
  • South Africa
  •  U.A.E
  • Other Countries