Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Suspension Systems Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Automotive Suspension Systems Industry in 2024 and 2025?
The market size of the automotive suspension systems has been experiencing steady growth over the years. The market value will rise from $65.04 billion in 2024 to $66.83 billion in 2025, with a compound annual growth rate (CAGR) of 2.8%.
What Is the Projected Market Size of the Automotive Suspension Systems Market in 2029?
The Automotive Suspension Systems Global Market is anticipated to grow to a size of $79.3 billion in 2029, with a compound annual growth rate (CAGR) of 4.4%.
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What Are the Key Drivers of Automotive Suspension Systems Market Growth?
The key drivers in the automotive suspension systems market are:
• Increased demand for electric and autonomous vehicles
• Growing focus on sustainability and reducing emissions
• Changes in consumer preferences towards more versatile and adaptable vehicles
• Impact of government regulations and safety standards related to autonomous vehicles
What Are the Primary Segmentation Categories in the Automotive Suspension Systems Market?
The automotive suspension systems market covered in this report is segmented –
1) By Type: Passive Suspensions Systems, Semi-Active Suspensions Systems, Active Suspensions Systems
2) By Component: Coil Spring, Leaf Spring, Air Spring, Shock Absorbers, Other Components
3) By Application: Passenger Vehicles, Commercial Vehicles
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What Are the Major Trends Shaping the Automotive Suspension Systems Market in 2025 and Beyond?
The key trends in the automotive suspension systems market are:
• Electrification of suspension systems is an emerging trend within the market.
• Development of adaptive and semi-active suspension systems is on the rise.
• Integration of smart sensors for predictive maintenance is a growing trend.
• There is a trend towards using lightweight materials for improved efficiency and customization of suspension systems for different driving modes.
Who Are the Emerging Players in the Automotive Suspension Systems Market?
Major players in the automotive suspension systems market are:
• Continental AG
• ZF Friedrichshafen AG
• Tenneco Inc.
• Magneti Marelli SpA
• ThyssenKrupp Automotive Systems
• WABCO Vehicle Control Systems
• Mando Corporation
• BeijingWest Industries International Limited
• KYB Corporation
• Hitachi Astemo Americas Inc.
• TRW Automotive Holdings Inc.
• LORD Corporation
• Porsche AG
• Mercedes-Benz AG
• Multimatic Inc.
• Sanluis Corporacion S. A. B. de C. V.
• Hyundai Mobis Co. Ltd.
• Sogefi SpA
• Skyjacker Suspensions
• HSD Co. Ltd.
• Eibach GmbH
• KW automotive GmbH
• GReddy Performance Products Inc.
• Fabtech Motorsports
• Koni BV
• Dorman Products Inc.
• Öhlins Racing AB
• TEIN Inc.
• Yellow Speed Racing Inc.
• Gabriel India Limited
Which Regions Are Leading the Growth in the Global Automotive Suspension Systems Market?
Asia-Pacific was the largest region in the automotive suspension systems market in 2024
