Ozone Market Reports projects that the Suspension market size will grow from USD 54.82 Billion in 2017 to USD 74.43 Billion by 2023, at an estimated CAGR of 5.23%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Increasing demand for riding comfort, stability, better cornering, safety, luxury, technological advancements, along with stringent emission regulations and fuel efficiency standards enforced by the different legislative bodies across the globe are driving the suspension system market. The increasing disposable income and improving standard of living of customers have raised the demand for luxury cars, which in turn, drives the demand for advanced suspension systems.
By Market Players:
Zf Friedrichshafen AG , Tenneco Inc. , KYB Corporation , Continental AG , Magneti Marelli S.P.A. , Thyssenkrupp AG , Benteler International AG , Schaeffler AG , Wabco Holdings Inc. , Mando Corporation , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Dependent Suspension , Semi-Independent/Independent Suspension, Macpherson Strut, Double Wishbone , , , , ,
By Damping Type
Hydraulically/Pneumatically Damped Suspension , Electromagnetically Damped Suspension , , , , , , ,
Coil Spring Market, Shock Absorber Market, Strut Market, Control Arm Market, Ball Joint Market, , , ,
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
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The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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