Automotive Suspension Systems Market by Vehicle Type (Passenger Car, LCV & HCV), System Type (Passive & Semi-Active/Active), Damping Type (Hydraulic & Electromagnetic) & Geography - Industry Trends & Forecast to 2018
LONDON, Oct. 27, 2014 /PRNewswire/ -- The suspension system in a vehicle mainly consists of springs, shock absorbers and various linkages. The key functions of the system are to increase the vehicle's road holding capacity and also, to provide complete comfort to the occupants inside the vehicle from bumps in the road and other vibrations. These systems are broadly classified as dependant and independent, depending upon the ability of the wheels on the opposite of the vehicle to move independently of each other. The suspension system of a vehicle, acts as a major differentiator between the low or mid-segment vehicles and luxury vehicles. It also helps in preventing excessive wear and tear of vehicle and its components. The major factor responsible for the increasing number of advancements and demand for good suspension systems are the increasing demand for cheap, lesser in weight, better fuel economy, and comfort. In the coming years, also the increasing demand for luxury vehicles in the regions of Europe and Asia-Pacific, mainly in China, India and Japan, is expected to drive the market for more advanced suspension systems in vehicles.
The report covers the market for automotive suspension systems in terms of volume and value. The market volume is provided in terms of thousand units; whereas the value for the market is provided in terms of $million from 2011 to 2018. The automotive suspension systems market is broadly segmented by types (Passive and Semi-active/Active suspension systems). The market is further segmented by—vehicle type (Passenger cars, Light commercial vehicles & Heavy commercial vehicles), damping type (Hydraulic/Pneumatic and Electromagnetic), and geography (Asia-Pacific, Europe, North America & ROW) focusing on key countries in each region.
This report classifies and defines the automobile suspension systems market volume and value. It also provides qualitative insights about the types of suspension systems and its major components. The report also gives a comprehensive review of the market drivers, restraints, opportunities, challenges, and key issues in the automotive suspension systems market. The key players in the market for automobile suspension systems have also been identified and profiled.
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