The automotive suspension systems market is expected to witness substantial growth over the forecast period due to increased automotive sales, particularly in developing regions.
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Automotive Suspension Systems Market Research Report To 2020: Grand View Research, Inc.
1. Automotive Suspension Systems Market Analysis, Market
Size, Application Analysis, Regional Outlook, Competitive
Strategies And Forecasts, 2014 To 2020
The automotive suspension systems market is expected to witness substantial
growth over the forecast period due to increased automotive sales, particularly in
developing regions. The automotive industry is poised for growth owing to
changing buying behavior, increasing urbanization and technological proliferation.
Automotive suspension systems are constantly evolving, thereby enabling
improving performance enabling enhanced road holding capacity of the vehicle.
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analysis/automotive-suspension-systems-market
2. Surging demand for performance along with comfort in vehicles is also expected to
favorably impact the automotive suspensions systems market growth over the next
few years. Increasing use of active suspensions systems against passive systems
owing to their improved performance and efficiency may also foster market
growth. Presently, these systems are widely used across LCS, HCV and passenger
cars. Stringent regulations pertaining to fuel economy and emission standards are
also expected to fuel automotive suspension systems market growth over the next
few years.
3. Issues such as lack of standardization and high-cost of independent automotive
suspension systems may pose a challenge to automotive suspension systems
market growth over the forecast period. However, increased demand for
independent suspension systems and personal cars may provide avenues for market
growth.Increasing demand for personal cars and independent suspension systems
may provide growth opportunities. Asia Pacific is expected to emerge as the most
dominant regional market, which can be attributed to increasing vehicle
manufacturing in countries such India, China and Japan.
A few major industry players include TRW Automotive Holdings Corp,
MagnetiMarelli S.P.A., Schaeffler AG and Continental Corp. Several industry
participants focus on expanding their production capacity as well as product
portfolio as a part of their growth strategy.
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