Automotive Suspension Market .pdf
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Automotive Suspension Market share research by
applications and regions for 2017-2024: Global
Market Insights Inc.
A new report covers Automotive Suspension Market outlook providing historical
facts, current status and future development trends information along with data on
leading players and regions. The product is a system of springs, tires, shock
absorber and linkages that connects a vehicle to the wheel for relative motion
between the two. It is an essential component for car manufacturing, it gives
direction and coordination between all the wheels present in the vehicles.
Increasing traffic congestion, population, high fuel mileage, lower emission are the
major factors driving two-wheeler industry thus, driving the automotive suspension
market. Continued sales in global car industry has boosted automotive suspension
market. Being an essential component of the vehicle, product has gained
prominence in the industry. Economic backdrop around the world and positive sales
outlook solidifies demand of the component. 2016 was record breaking year for
global car sales.
The product helps in providing synchronization and direction to the wheels. It is a
linkage between various system of vehicles and supports both handling and ride
quality. It protects vehicle, cargo or luggage from damages. Up surging automobile
industry is boosting product demand and usage.
Automotive suspension market is segmented based on system including, active,
passive and semi active. Various components are used in the product including
spring, ball point, struts, leaf string and air compressor. Dependent, semi dependent
and independent are its geometry classification. Some of the categories of products
include hydraulic, air leaf spring.
The U.S. is one of the largest car manufacturer in the world. Economy of the region
is powered by combination of cheap gas, easy credit and pent up demand,
unemployment rate of the country is below 5% that creates plenty of opportunity for
vehicle sales and demand. With increasing demand for cars in the region automotive
suspension market will foresee growth.
Germany is major region for vehicle production, it accounts for over 25% of the total
European automobile sector. Additionally, France provides employment to around
300,000 employees in automobile sector with major companies including Renault
and Venturi, that are amongst top leaders in the sector.
The automotive suspension market is consolidated with the presence of few top
industry players occupying the major share. Some of the prominent players are
Multimatic, Kumpulan Belton Berhad, BWI Group, Magnetic Marelli, ZF TRW,
Wabco, Fox Factory Tenneco, Gabriel India Limited, Sogefi SpA and Tinsley Bridge
Browse Related Report:
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Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China,
Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi
Arabia, UAE, South Africa), Application Development Potential, Price Trends,
Competitive Market Share & Forecast, 2017 – 2024
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