Automotive Suspension Systems Market Worth $66.2 Billion by 2018 - Report by MarketsandMarkets

The report covers automotive suspension systems market based on vehicle type, suspension systems type, damping type, and geography - http://www.marketsandmarkets.com/Market-Reports/automobile-suspension-systems-market-939.html.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend
MarketsandMarkets

MarketsandMarkets

Key Players in the market are KYB Co. Ltd. (Japan), ZF Group (Germany), Tenneco Inc. (U.S.), WABCO (Belgium), and Continental Corp. (Germany).

(PRWEB) July 21, 2014

The report "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" defines and segments the global automotive suspension systems market with analysis and projection of the market size in terms of volume and value.

Browse more than 108 market data tables and 38 figures spread through 241 slides and in-depth TOC on "Automotive Suspension Systems Market - Industry Trends & Forecast to 2018" - http://www.marketsandmarkets.com/Market-Reports/automobile-suspension-systems-market-939.html.

Early buyers will receive 10% customization on reports.

Inquire before buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=939.

Asia-Pacific - Potential market for suspension systems

In the last few years, Asia-Pacific has been the top market for investments and expansions for the automotive industry, as both the leading automobile manufacturer and the largest automobile market in the world are situated in this region. With the vast population and increasing disposable income of consumers in the countries of China, Japan, and India, important premium/luxury passenger car manufacturers such as BMW (Germany), Volkswagen Group (Germany), and Mercedes Benz (Germany) have already set up their manufacturing units and started producing vehicles on a large scale in these countries. As most of the premium/luxury passenger cars are equipped with semi-active/active suspension systems, the Asia-Pacific region acts as a potential market for these suspension systems in the coming years. The region is expected to witness fast growth in its vehicle production levels alongside the growth in the automotive manufacturing industry. These factors together are expected to uphold the Asia-Pacific region’s position as the largest market for suspension systems from 2013 to 2018. The region’s suspension systems market is projected to grow at a CAGR of 7.06% over the forecasted period.

Air Suspension Systems - A Growing Phenomena

Air suspension systems, a type of semi-active/active suspension, are gradually gaining preference from the automotive manufacturers as well as the consumers on account of the performance advantages they hold over the passive suspension systems. Since the disposable income of the consumers has increased and their attitude towards spending for comfort has become more liberal, the demand for air suspension systems is increasing gradually. The air suspension systems are known for the superior ride quality, control, comfort, and performance they provide to the driver. But with the high cost of the air suspension systems as well as the associated high maintenance costs, the growth in the adoption of air suspensions has been slow. Continuous advancements in suspension system technology are slowly bridging the gap between their performance and cost related to the air suspension systems. This has led to semi-active/active suspension systems slowly acquiring the share of passive systems in the market. This would give rise to increase in the installation of more number of semi-active/active suspension systems in vehicles. Presently, air suspension systems are widely used in HCVs, premium passenger cars, and LCVs segments only.

The report encompasses the suspension systems market size in terms of volume (‘000 units) and value ($million) across regions such as Asia-Pacific, Europe, North America, and the Rest of the World (ROW). It explains the qualitative and quantitative aspects of suspension systems with respect to technology and advancements over the course of time. The report also covers the suspension systems market segmented by suspension system, damping, and vehicle types, apart from the geographic segmentation.

The report provides an overview of the technical as well as other important aspects of the automotive suspension systems industry. It includes the value chain, Porter’s five forces analysis, competitive landscape, and company profiles of the key players in the market for suspension systems.

Purchase report @ http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=939.

Browse related reports

Automotive Brake System Market by Geography, Technology [Electronically Assisted (ABS, EBS) & Non-Electronically Assisted], Brake Type (Disc, Drum), & Vehicle Type (Passenger Cars, Light & Heavy Commercial, Two Wheelers) - Global Trends & Forecast to 2018
http://www.marketsandmarkets.com/Market-Reports/automotive-brake-system-market-1070.html

Driver Assistance Systems Market by Types [Adaptive Cruise Control (ACC), Lane Departure Warning (LDWS), Park Assist, Drowsiness Monitor, Blind Spot Detection (BSD), Night Vision, Tire Pressure Monitoring (TPMS), Adaptive Front Lighting], by Technology [Ultrasonic, Image, RADAR, LIDAR, Infrared (IR)] & Geography - Global Trends and Forecast to 2018
http://www.marketsandmarkets.com/Market-Reports/driver-assistance-systems-market-1201.html

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation.
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets.


Contact