Global Automotive Suspension Member Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Application;

Passenger Cars, Commercial Vehicles and MCVs and HCVs.

By Suspension;

Conventional Suspension Systems, Adaptive Suspension Systems, Air Suspension Systems, and Electromagnetic Suspension.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn729317878 Published Date: May, 2024 Updated Date: June, 2024


Global Automotive Suspension Member Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Suspension Member Market was valued at USD 385.60 million. The size of this market is expected to increase to USD 413.41 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 1.0%.

The global automotive suspension member market is a vital segment within the broader automotive industry, playing a pivotal role in ensuring vehicle stability, comfort, and safety. Suspension members are integral components that connect various parts of a vehicle's suspension system, facilitating smooth motion and absorbing shocks from road irregularities. With the automotive sector witnessing dynamic shifts in consumer preferences, technological advancements, and regulatory landscapes, the demand for high-performance suspension members has surged.

One of the key driving factors behind the growth of the automotive suspension member market is the escalating focus on vehicle safety and comfort among consumers worldwide. As automotive manufacturers strive to enhance the driving experience and comply with stringent safety standards, the demand for advanced suspension technologies continues to rise. Moreover, the increasing adoption of electric vehicles (EVs) and autonomous driving systems has necessitated the development of innovative suspension solutions capable of meeting the unique requirements of these emerging vehicle types.

The automotive suspension member market is witnessing significant innovation and investment aimed at improving product efficiency and performance. Manufacturers are leveraging advanced materials, such as lightweight alloys and composites, to design suspension members that offer superior strength-to-weight ratios and reduce overall vehicle weight. Additionally, the integration of smart technologies, such as active suspension systems and adaptive damping, is further enhancing the capabilities of modern suspension setups, catering to evolving customer preferences for a smoother and more controlled ride.

The global automotive suspension member market is poised for robust growth, driven by increasing emphasis on vehicle safety, comfort, and technological innovation. With ongoing developments in materials science, manufacturing processes, and automotive engineering, stakeholders across the industry are poised to capitalize on emerging opportunities and deliver innovative suspension solutions that address the evolving needs of the modern automotive landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Suspension Type
    3. Market Snapshot, By Region
  4. Global Automotive Suspension Member Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements Enhance Performance
        2. Increasing Demand for Comfort
        3. Emphasis on Vehicle Safety
        4. Growing Automotive Industry
        5. Shift Towards Electric Vehicles
      2. Restraints
        1. High Cost of Advanced Systems
        2. Complexity in Integration
        3. Regulatory Compliance Challenges
        4. Economic Uncertainties
        5. Limited Aftermarket Penetration
      3. Opportunities
        1. Rising Demand in Emerging Markets
        2. Development of Autonomous Vehicles
        3. Adoption of Lightweight Materials
        4. Expansion of Electric Vehicle Market
        5. Customization and Personalization Trends
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Suspension Member Market, By Application, 2020 - 2030 (USD Million)
      1. Passenger Cars
      2. Commercial Vehicles
      3. MCVs and HCVs
    2. Global Automotive Suspension Member Market, By Suspension, 2020 - 2030 (USD Million)
      1. Conventional Suspension Systems
      2. Adaptive Suspension Systems
      3. Air Suspension Systems
      4. Electromagnetic Suspension
    3. Global Automotive Suspension Member Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
    4. Middle East & Africa
      1. GCC
      2. Israel
      3. South Africa
      4. Rest of Middle East & Africa
    5. Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Benteler International AG
      2. Continental AG
      3. DURA Automotive Systems
      4. Futaba Industrial Co. Ltd.
      6. Hyundai Mobis Co. Ltd.
      7. Magna International Inc.
      8. Multimatic Inc.
      9. Yorozu Corp.
      10. ZF Friedrichshafen AG
  7. Analyst Views
  8. Future Outlook of the Market?