DALLAS, July 28, 2015 /PRNewswire/ --
The report "Suspension System Market by System (Passive & Semi-Active/Active), Damping (Hydraulic/Pneumatic & Electromagnetic), Architecture (Dependent, Semi-Independent/Independent, MacPherson Strut & Double Wishbone), Vehicle Type, & by Region - Forecast to 2020", published by MarketsandMarkets. The market for Suspension System is estimated to grow at a CAGR of 5.32% by value from 2015 to 2020, growing from USD 52,667 Million in 2015 to USD 68,253 by 2020.
Browse 66 market data Tables and 67 Figures spread through 200 Pages and in-depth TOC on "Suspension System Market - Forecast to 2020"
Early buyers will receive 10% customization on this report.
The market report defines and segments the Automotive Suspension Systems Market with analysis and projection of the market size in terms of volume and value.
Ask of Brief Illustration of this Report@ http://www.marketsandmarkets.com/pdfdownload.asp?id=939
Asia-Oceania: Biggest market for Automotive Suspension System
Asia-Oceania comprises countries such as China, Japan, India, and South Korea and they are witnessing huge population growth and this region is the largest producer of suspension systems, globally. Key automotive manufacturers have shifted their focus to this region due to various benefits such as, easy availability of economic labor, lenient regulations for environment & safety, and increased FDI for automotive industry in countries like India, and growing demand for vehicles. With the increased per capita income and growing preference towards premium cars, the key premium/luxury passenger car manufacturers, such as BMW (Germany), Volkswagen Group (Germany), and Mercedes Benz (Germany) have already set up their manufacturing units in the South-East Asian countries. The used-car market in China is also increasing the demand for lower price segment cars. The increasing concern about quality and safety is making the manufacturers to develop advanced suspension systems which would cater customer's demand.
Semi-Active/Active Suspension System: Adoption Expected to Increase in Developed Regions
Due to increase in stringent emissions and fuel efficiency regulations in the developed regions, the entry of comparatively lightweight semi-active/active suspension systems is estimated to be higher in North America and Europe. The market is further estimated to increase with the rising production levels after the economic downturn. As per the customer's preferences, regional adoption is varied in these regions. Europe is projected to witness moderate growth for semi-active/active system rather than passive suspension. High rate of technological adoption in these regions is also a driving factor for the growth of these systems.
The report covers the global Automotive Suspension System Market in terms of volume ('000 units) and value (USD Million) across the regions of Asia-Oceania, Europe, North America, and Rest of the World (RoW). It explains the qualitative and quantitative aspects of Automotive Suspension System Market on the basis of vehicle type, region, system type, damping type, and architecture from 2015 to 2020.
It also provides an overview of technical factors and other important aspects of the Automotive Suspension System Market. It includes a value chain analysis, Porter's five forces analysis, the competitive landscape, product life cycle- by suspension system, statistics on who supplies to whom, and company profiles of 10 key players of the Automotive Suspension System Market.
Browse related reports:
Automotive Brake System Market by Vehicle Type (Passenger Car, LCV, & HCV), Brake Type (Disc & Drum), EBS Market by Technology (ABS, TCS & ESC), Region and Two Wheeler Brakes - Global Industry Trends & Forecast to 2019 http://www.marketsandmarkets.com/Market-Reports/automotive-brake-system-market-1070.html
Automotive Steering Systems Market by Vehicle Type (Passenger Car, LCV, & HCV), System Type (Manual, HPS, EHPS & EPS), Safety Features (With ABS/ESP & Without ABS/ESP), & Geography - Industry Trends & Forecast to 2018 http://www.marketsandmarkets.com/Market-Reports/automobile-steering-systems-market-940.html
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets