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(Transportation-News.com, May 21, 2018 ) Automotive suspension system are important part of a vehicle which help in preventing damage to the vehicle components, for comfort driving and enables safety. Automotive suspension consist of spring, shock absorber and wishbones that help to filter all the forces between the body and the road. It also offers isolation to the vehicle from high-frequency vibration from tire excitation. Automotive suspension provides good ride and handling performance and also helps in ensuring that the vehicle responds positively to control forces produced by the tire at the time of braking and acceleration force.
Rise in the production of vehicle, increasing demand for comfort & luxury, demand for good suspension system and increasing urbanization are some of the factors fueling the growth of automotive suspension. However, the factor hindering the growth of the market is high maintenance cost. Development of advanced suspension system for two wheeler and rise in demand for lightweight suspension is expected to boost the market over the forecasted period.
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The report aims to provide an overview of global automotive suspension market with detailed market segmentation by vehicle type, component, suspension type, system type, distributed channel and geography. The global automotive suspension market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive suspension market based on vehicle type, component, suspension type, system type and distributed channel. It also provides market size and forecast till 2025 for overall automotive suspension market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM).
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The objective of this report is as follows:
- To provide overview of the global Automotive Suspension Market
- To analyze and forecast the global Automotive Suspension Market on the basis of type, and application
- To provide market size and forecast till 2025 for overall Automotive Suspension Market with respect to five major regions
- To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend
- To provide exhaustive PEST analysis for all five regions
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