Global Automotive Suspension Market by System, by Suspension, by Vehicle, by Region, Segment and Forecasts 2020–2026

The Global Automotive Suspension Market is valued to reach USD 65.82 billion by 2025, growing at CAGR of 3.54% over the forecast period 2020–2026. Key factors driving the market include rise in production of vehicles, increase in demand for luxury & comfort in vehicles, increasing traffic congestion and high maintenance cost of advanced suspension systems.

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Market Overview

The automotive suspension market is anticipated to register a CAGR of over 3.54% during the forecast period.

The demand for the automotive suspension system is directly related to the production of new vehicles as the suspension system connects the wheel to the vehicle frame and is one of the essential parts of vehicles.
Increasing urbanization, technological advancements, and buying behaviors are contributing to the automotive industry’s growth. In order to enhance ride quality and better road holding capacity for the vehicle, significant investments are being done to evolve the existing automotive suspension systems.
Although the automotive suspension system is experiencing steady growth, lack of standardization and high prices of independent suspension systems may act as a barrier for the growth of the market.

Scope of the Report

The report on global automotive suspension market includes an assessment of the market size, share, trends, segments, regional markets and competitive scenario. Overview and dynamics have been included in the report.