Automotive Double Wishbone Suspension System Market - to grow by USD 187.48 Mn; Growing Demand for SUVs and Pick-up Trucks to Boost Market Growth - Technavio

NEW YORK, Nov. 14, 2022 /PRNewswire/ -- The "Automotive Double Wishbone Suspension System Market by Application (SUVs, MPVs and pickup trucks, High performance vehicles, and ATVs) and Geography (North America, APAC, Europe, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the automotive double wishbone suspension system market between 2021 and 2026 is USD 187.48 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Download Free Sample Report.

Key Market Dynamics:

• Market Driver: The growing demand for SUVs and pick-up trucks is identified as the key driver in the market. The demand for SUVs and pick-up trucks is increasing substantially across the world. This can be attributed to their off-roading capabilities and features such as all-wheel drive, high ground clearance, and different driving modes. Countries in Europe and APAC are experiencing a rise in demand for SUVs as compared to other types of passenger cars. Full-size pickup trucks are very popular in the US. The US is the major country for the adoption of pickup trucks across the world. China is also witnessing growth in the demand for pickup trucks. According to China Passenger Car Association, pickup truck sales in China grew by 14% in 2021, reaching approximately 550,000 units. Thus, the rising demand for SUVs and pick-up trucks is expected to drive the growth of the market during the forecast period.
• Market Challenge: Fluctuating costs of raw materials is identified as the key challenge in the market. Alloys of steel and aluminum are the major raw materials that are used to manufacture double wishbone suspension systems. The raw materials for such systems comprise various metals like copper, magnesium, zinc, and silica. The outbreak of COVID-19 in 2020 and the ongoing Russia-Ukraine war crisis in 2022 have drastically increased the prices of raw materials, such as steel and aluminum. In developing countries like India, the price of steel has been increasing since the war began in February 2022 and is expected to increase further if the war continues. All these factors will have a negative impact on the growth of the market. Learn about additional key drivers, trends, and challenges available with Technavio. Download Free Sample Report Now

Segmentation Analysis

By application, the global automotive double wishbone suspension system market is analyzed across segments such as SUVs, MPVs and pickup trucks, high-performance vehicles, and ATVs. The market growth in the SUVs segment will be significant during the forecast period. The demand for SUVs has increased rapidly in the global automotive market. The introduction of multiple subsegments in the SUV segment has ensured the availability of multiple types of SUVs at various price points. The demand for SUVs is high in Europe and several emerging markets in APAC, apart from North America. The increasing inclination of customers toward SUVs has been a key driver facilitating innovation in the segment.

View Our Free Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report.

Key Vendors Covered

• American Star Manufacturing LLC
• ANAND Group
• Benteler International AG
• BorgWarner Inc.
• CCYS Hi Tech International Ltd
• Cheng Ching Yong Sheng
• DRiV Automotive Inc.
• GESTAMP AUTOMOCION SA
• Hendrickson Holdings LLC
• Mando Corp.
• Marelli Holdings Co. Ltd.
• Mobex Global
• Musashi Seimitsu Industry Co. Ltd.
• Schaeffler AG
• Sogefi Spa
• TAHIKO Co. Ltd.
• Tenneco Inc.
• Yorozu Corp.
• ZF Friedrichshafen AG
• thyssenkrupp AG
• Gain access to more vendor profiles with their key offerings available with Technavio. Buy Now!

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 SUVs - Market size and forecast 2021-2026
• Exhibit 28: Chart on SUVs - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on SUVs - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on SUVs - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on SUVs - Year-over-year growth 2021-2026 (%)

• 5.4 MPVs and pickup trucks - Market size and forecast 2021-2026 
• Exhibit 32: Chart on MPVs and pickup trucks - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on MPVs and pickup trucks - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on MPVs and pickup trucks - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on MPVs and pickup trucks - Year-over-year growth 2021-2026 (%)

• 5.5 High performance vehicles - Market size and forecast 2021-2026 
• Exhibit 36: Chart on High performance vehicles - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on High performance vehicles - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on High performance vehicles - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on High performance vehicles - Year-over-year growth 2021-2026 (%)

• 5.6 ATVs - Market size and forecast 2021-2026
• Exhibit 40: Chart on ATVs - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on ATVs - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on ATVs - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on ATVs - Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by Application 
• Exhibit 44: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 46: Chart on Market share by geography 2021-2026 (%)
• Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 48: Chart on Geographic comparison
• Exhibit 49: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026
• Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 India - Market size and forecast 2021-2026
• Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 91: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 93: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 94: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 95: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 96: Matrix on vendor position and classification

• 10.3 BorgWarner Inc. 
• Exhibit 97: BorgWarner Inc. - Overview
• Exhibit 98: BorgWarner Inc. - Business segments
• Exhibit 99: BorgWarner Inc. - Key news
• Exhibit 100: BorgWarner Inc. - Key offerings
• Exhibit 101: BorgWarner Inc. - Segment focus

• 10.4 GESTAMP AUTOMOCION SA 
• Exhibit 102: GESTAMP AUTOMOCION SA - Overview
• Exhibit 103: GESTAMP AUTOMOCION SA - Business segments
• Exhibit 104: GESTAMP AUTOMOCION SA - Key offerings
• Exhibit 105: GESTAMP AUTOMOCION SA - Segment focus

• 10.5 Marelli Holdings Co. Ltd. 
• Exhibit 106: Marelli Holdings Co. Ltd. - Overview
• Exhibit 107: Marelli Holdings Co. Ltd. - Product / Service
• Exhibit 108: Marelli Holdings Co. Ltd. - Key news
• Exhibit 109: Marelli Holdings Co. Ltd. - Key offerings

• 10.6 Mobex Global 
• Exhibit 110: Mobex Global - Overview
• Exhibit 111: Mobex Global - Product / Service
• Exhibit 112: Mobex Global - Key offerings

• 10.7 Musashi Seimitsu Industry Co. Ltd. 
• Exhibit 113: Musashi Seimitsu Industry Co. Ltd. - Overview
• Exhibit 114: Musashi Seimitsu Industry Co. Ltd. - Product / Service
• Exhibit 115: Musashi Seimitsu Industry Co. Ltd. - Key offerings

• 10.8 Schaeffler AG 
• Exhibit 116: Schaeffler AG - Overview
• Exhibit 117: Schaeffler AG - Business segments
• Exhibit 118: Schaeffler AG - Key offerings
• Exhibit 119: Schaeffler AG - Segment focus

• 10.9 Tenneco Inc. 
• Exhibit 120: Tenneco Inc. - Overview
• Exhibit 121: Tenneco Inc. - Business segments
• Exhibit 122: Tenneco Inc. - Key news
• Exhibit 123: Tenneco Inc. - Key offerings
• Exhibit 124: Tenneco Inc. - Segment focus

• 10.10 thyssenkrupp AG 
• Exhibit 125: thyssenkrupp AG - Overview
• Exhibit 126: thyssenkrupp AG - Business segments
• Exhibit 127: thyssenkrupp AG - Key news
• Exhibit 128: thyssenkrupp AG - Key offerings
• Exhibit 129: thyssenkrupp AG - Segment focus

• 10.11 Yorozu Corp. 
• Exhibit 130: Yorozu Corp. - Overview
• Exhibit 131: Yorozu Corp. - Product / Service
• Exhibit 132: Yorozu Corp. - Key offerings

• 10.12 ZF Friedrichshafen AG 
• Exhibit 133: ZF Friedrichshafen AG - Overview
• Exhibit 134: ZF Friedrichshafen AG - Business segments
• Exhibit 135: ZF Friedrichshafen AG - Key news
• Exhibit 136: ZF Friedrichshafen AG - Key offerings
• Exhibit 137: ZF Friedrichshafen AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 138: Inclusions checklist
• Exhibit 139: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 140: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 141: Research methodology
• Exhibit 142: Validation techniques employed for market sizing
• Exhibit 143: Information sources

• 11.5 List of abbreviations 
• Exhibit 144: List of abbreviations

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