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(I-AutoNewsWire.com, October 16, 2018 )
Stratview Research announces the launch of a new market research report on Global Automotive Suspension Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial Vehicle), by System Type (Passive, Semi-Active, Active, and Air Suspension), by Architecture Type (Dependent and Semi-Independent / Independent), by Damping Type (Hydraulic / Pneumatic and Electromagnetic), by Component Type (Coil Spring, Leaf Spring, Air Spring, Shock Absorber, Strut, Control Arm, Ball Joint, and Others), and by Region (NA, Europe, APAC, ROW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021.
The Global Automotive Suspension Market: Highlights
Stratview Research foresees a healthy growth of CAGR 4.3% in the automotive suspension market over the next five years (2016 – 2021) to reach $64 billion in 2021, which offers an opportunity to the automotive industry players to align themselves with the market growth.
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There are several factors bolstering the growth of suspension market in the global automotive industry. The author of the report cited increasing annual production of passenger cars, light commercial vehicles, and medium & heavy duty commercial vehicles, increasing global 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 as some of the major drivers of the market.
Hydraulic / pneumatic based suspension is likely to remain the largest damping type during the forecast period. Electromagnetic damping is relative new technology and is rapidly gaining market acceptance mainly in the luxury and premium cars.
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
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences and Oil & Gas.
Stratview Research
Ritesh Gandecha
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Source: EmailWire.Com
Source: EmailWire.com
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