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(Transportation-News.com, December 12, 2018 )
Stratview Research announces the launch of a new research report on Automotive Suspension Market. This 386-page extensive report from Stratview Research, studies Automotive Suspension Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This Automotive Suspension Market analysis has been segmented in five ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)- Passenger car is expected to remain the largest segment.
• By System Type (Passive Suspension System, Semi-Active Suspension System, Active Suspension System, Air Suspension System)- Active suspension system is expected to possess the highest growth during the forecast period.
• By Architecture Type (Dependent, Semi-Independent / Independent)- Air suspension and double wishbone & multi-link (both part of semi-independent) are expected to witness the highest growth over the next five years.
• By Component Type (Coil Spring, Leaf Spring, Air Spring, Shock Absorber, Strut, Control Arm, Ball Joint, Other Components)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is expected to remain the largest market during the forecast period.
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Automotive Suspension Market Insights
The global suspension market in the automotive industry offers healthy growth prospects of 4.3% CAGR over the next five years to reach $64,050 million in 2021. Increasing annual production of passenger cars, light commercial vehicles, and medium & heavy duty commercial vehicles, increasing gloal automotive fleet size, increasing need for lightweight suspension system to achieve stringent regulations, such as CAFÉ Standards, increasing customer expectation related to vehicle comfort, safety, stability, and control, and increasing need for suspension with reduced space are some of the major drivers of the market.
The global automotive suspension market is moderately consolidated with the presence of more than 200 global as well as regional players. Top 10 players are ZF Friedrichshafen AG, ThyssenKrupp AG, Benteler International AG, Magneti Marelli S.P.A., KYB Corporation, Tenneco Inc, Mubea Fahrwerksfedern GmbH, NHK Springs Co., Ltd, Mando Corp, and Rassini.
About Stratview Research
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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