The global automotive suspension systems market is anticipated to grow at a considerable CAGR of 4.0% during the forecast period (2024-2031). The advancements in the suspension systems is a key factor driving the growth of this market. Proper suspension system is the key need for the proper working of an automobile. Therefore, key automobile manufacturers such as BYD, Mahindra, Porsche, and Tata among others are actively focusing on the introduction of new advancements in their vehicle suspension system. For instance, in November 2023, Porsche presented the new Panamera: the third generation of the sporty luxury sedan which is characterized by an even broader digital offering, fresh and expressive design, and a greater bandwidth between comfort and sportiness with active suspension system.
Browse the full report description of “Automotive Suspension Systems Market Size, Share & Trends Analysis Report by Component (Coil Spring, Leaf Spring, Air Spring, and Shock Absorber), by Type (Passive Suspension, Semi-Active Suspension, and Active Suspension), and by Vehicle Type (Passenger Car, and Commercial Vehicle) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/automotive-suspension-system-market
Additionally, in April 2023, the Chinese electric vehicle (EV) maker BYD introduced a new technology called the DiSus Intelligent Body Control System, or DiSus. It’s a suspension and body control software for EVs that promises to improve the driving experience of BYD’s electric cars.
In October 2023, McLaren Automotive recently partnered with Tenneco to name Monroe the Official Intelligent Suspension Supplier for its road car lineup. Tenneco, through its Monroe Intelligent Suspension brand, will supply McLaren with top-of-the-line electronic suspension systems. These systems are far from run-of-the-mill—they’re designed to offer McLaren’s discerning clientele the sort of precise, exhilarating driving experience they’ve come to expect. Such developments are driving the global market growth.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Component
o By Type
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Continental AG, thyssenkrupp AG, Marelli Holdings Co., Ltd., Mando Corp., and ZF Friedrichshafen AG among others.
Key questions addressed by the report
Global Automotive Suspension System Market Report Segment
By Component
By Type
By Vehicle Type
Global Automotive Suspension Systems Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/automotive-suspension-system-market