Chicago, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Automotive Suspension Market is expected to grow from USD 45.3 billion in 2022 and is projected to reach USD 51.6 billion in 2027, at a CAGR of 2.6% during the forecast period, according to a new report by MarketsandMarkets™. Growing sales of SUVs, EVs, and luxury vehicles globally fuel the demand for advanced suspension systems. Increasing adoption of air suspension systems in buses and trucks to drive advanced suspension systems in commercial vehicles.
Browse in-depth TOC on “Automotive Suspension Market” 415 – Tables 64 – Figures 348 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=939
Active suspension - the fastest growing suspension system type
The growing demand to improve ride quality and occupant comfort is a significant factor driving the market for active suspension systems. The high-end luxury & sports cars and some medium-range cars with few commercial vehicles mainly use active suspension systems. The active system incurs a high cost but is the most advanced and comfortable suspension system. The active systems are available under various brand names, such as Magic Body Control by Mercedes-Benz, MagneRide by Delphi, and PASM Porsche Active Suspension Management by Porsche. The SUV demand is estimated to increase year on year by 3.3 % from 2020 to 2022. The Asia-Pacific market has shown a larger growth in SUVs, where the region has 58.5% of SUVs in 2021. Considering the increase in demand for SUVs, the demand for active suspension is expected to grow globally, and Asia would be the leading market.
MacPherson strut holds the largest market share for front wheel suspension
MacPherson strut eliminates the need for a separate upper control arm, which reduces the cost of components and the weight of the architecture. This advantage offered by the architecture has made the adoption of this architecture widely accepted by OEMs globally. In terms of value, Asia Pacific will be the largest and fastest-growing market for MacPherson strut over the forecast period. The market growth in this region is attributed to the high penetration of the MacPherson strut in the front suspension, which is ~70-75%. The low cost and limited space required for the installation of this architecture make it a preferred choice for compact passenger cars, which have a high demand in the Asia Pacific. Models such as Toyota Camry, Honda Accord, BMW X5, and Subaru XV, among others, are equipped with front axle Macpherson strut.
Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=939
Asia Pacific region to dominate the global Automotive Suspension Market
The 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. The Asia Pacific is estimated to account for the largest share of the Automotive Suspension Market, by value, in 2022, due to the presence of automotive OEMs with large vehicle production capacity, higher vehicle sales, and a large customer base. Increasing demand for better comfort in passenger cars has led to the adoption of multilink and air suspension systems in western countries. However, due to their high cost, these systems are still in their introductory phase in the Asia Pacific region.
China is estimated to remain the largest market within the region, owing to its large population and increased demand for passenger vehicles post-pandemic. The country has resumed production close to pre-pandemic levels. By value, India is expected to be the fasted-growing market due to the increased demand for passenger vehicles as the country’s economy recovers from the effects of the pandemic.
The Automotive Suspension Market is dominated by global players and comprises several regional players. The key players in the Automotive Suspension Market are ZF Friedrichshafen AG (Germany), Tenneco Inc. (US), Continental AG (Germany), ThyssenKrupp AG (Germany), and KYB Corporation (Japan).
Make an Inquiry on this Report: https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=939
Browse Adjacent Market: Fluid Transfer System Market Research Reports & Consulting
Connected Motorcycle Market by Hardware (Embedded, Tethered), Calling Service, Communication Type (V2V, V2I), Network Type (C-V2X, DSRC), End-User (Private, Commercial), Service, Motorcycle Type, Application, Propulsion & Region - Global Forecast to 2027
https://www.marketsandmarkets.com/requestsampleNew.asp?id=939
The entrepreneur Mark Cuban just took a stand in a debate that's hotly controversial in business circles and Congress.
The super investor sees softness. But is sticking to her guns.
Inflation is still near multi-decade highs. Mr. Wonderful is using these stocks to fight back.
Three state-owned Chinese corporate giants announced plans Friday to remove their shares from the New York Stock Exchange, adding to a growing financial separation between the biggest global economies in the midst of a dispute over scrutiny of company audits.
Inflation has been making headlines all year, and rightly so; it’s at 40-year high levels, driven by sharp increases in the prices of gasoline and diesel fuels. But oil and its various refined products have come down in recent weeks, and so – the July inflation numbers weren’t as bad as had been feared. The overall year-over-year price increase for the month came to 8.5%, still awful, but less than the 8.7% economists had been predicting. Markets these days are rallying in response. Whether this
Johnson & Johnson stock is hitting its lowest level since March. Here's where it's a steal of a deal.
Tesla has given investors something to look forward to this coming week: a three-for-one stock split. As of the close of trading on Aug. 24, Tesla shareholders will get a “dividend” of two extra shares. The next day, Tesla stock will start trading at the new price—a third of what it used to be.
(Bloomberg) -- Principal Global Investors’ Seema Shah is no stock market bull but says the rally that erupted Wednesday may continue until the head of the Federal Reserve steps up and stops it.Most Read from BloombergStriking Drop in Stress Hormone Predicts Long Covid in StudyThe Fed’s Damage to the Housing Market May Last YearsGarland Seeks to Unseal Trump Warrant, Says He Approved SearchChina Has Painted Itself Into a Semiconductor CornerRuto, Odinga Shy of Victory in Latest Vote Counts: Kenya
Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in Lucid Group Inc. and Nio Inc., according to a filing late Friday.
These are the top trending tickers on Yahoo Finance after-hours on Aug. 12.
In this article, we talk about 11 best falling stocks to buy now. If you wish to skip our detailed analysis of the latest market situation, go directly to 5 Best Falling Stocks To Buy Now. After a brutal 2022 which saw the S&P500 shed more than 21% in the first half of the year, Q2 […]
In this article, we discuss 10 Chinese stocks investors are shorting. If you want to skip our discussion about the turmoil in the Chinese economy, go directly to Investors are Shorting These 5 Chinese Stocks. NIO Inc. (NYSE:NIO), KE Holdings Inc. (NYSE:BEKE), and TAL Education Group (NYSE:TAL) are some of the stocks that investors are […]
After a 3.3% weekly gain, the S&P 500 is down just 10% for the year. Stocks could keep rising if the Fed shows restraint from here.
Guggenheim Partners analyst John DiFucci launched coverage of the group late Thursday, with some thoughts on where to place bets in the sector. DiFucci is new to Guggenheim, but a familiar name on the Street—at various times, he’s covered the software sector for Jefferies, J.P Morgan, Oppenheimer, and a couple of place that have since disappeared—Bear Stearns and Donaldson, Lufkin & Jenrette. DiFucci has Buy ratings on Oracle (ORCL), Palo Alto Networks (PANW), CrowdStrike (CRWD), Splunk (SPLK), Zscaler (ZS), and Progress Software (PRGS).
The board of Devon Energy Corporation ( NYSE:DVN ) has announced that it will be paying its dividend of $1.55 on the...
In this article, we discuss 10 best blue chip dividend stocks to buy in August. You can skip our detailed analysis of dividend stocks and their importance in the current market environment, and go directly to read 5 Best Blue Chip Dividend Stocks to Buy in August. The current market environment has forced investors to […]
Five Chinese state-owned companies said they intend to delist their American depositary shares from the New York Stock Exchange, as financial regulators in Beijing and Washington remain at loggerheads over U.S. audit requirements. In separate filings to Hong Kong’s stock exchange Friday, PetroChina , China Petroleum & Chemical , Aluminum Corp. of China , China Life Insurance Co , and Sinopec Shanghai Petrochemical Co said they have notified the NYSE that they plan to voluntarily delist their American depositary shares.
In this article, we discuss 10 cheap oil stocks to buy today. If you want to skip our detailed analysis of these stocks, go directly to 5 Cheap Oil Stocks to Buy Today. With WTI crude oil prices topping $120 per barrel as recently as mid-June, concerns over rising interest rates and a potential U.S. […]
In this article, we will discuss 10 EV stocks that will benefit from the Climate Change Bill 2022. If you want to skip reading about the details of the bill, go directly to 5 EV Stocks that Will Benefit from Climate Change Bill 2022. On August 7, the U.S. Senate approved a comprehensive $430 billion […]
In this article, we talk about 10 penny stocks for long-term profits. If you wish to read about our top penny stock picks, go directly to 5 Penny Stocks for Long-Term Profits. The US economy is in a bad place right now. The gross domestic product (GDP) fell 0.9% on an annualized pace during the […]