Global Automotive Independent Front Suspension System Industry Overview
The growing preference for driver safety and optimum ride handling is one of the critical reasons that will drive automotive independent front suspension system market. To enhance the driving experience, automotive manufacturers are focusing on integrating independent suspension systems in pickup trucks, crossovers, and SUVs. These systems effectively soak the shocks from road bumps without affecting the vertical motion of the other front wheel by offering a softer suspension setup. Companies are also introducing SUVs and pickup trucks equipped with lightweight and advanced independent suspension systems to reduce the upsurge mass.
The emergence of modular independent suspension systems will gain traction in the automotive independent front suspension system market. Modular systems can be equipped within multiple types of drivetrain designs and facilitate the accommodation of larger engines and its components. It allows manufacturers to obtain an entire suspension solution from a single vendor, which minimizes the manufacturing costs and production time of a vehicle. The advent of these modular suspension systems coupled with the preference for driver safety and optimum ride handling will drive market growth at a CAGR of almost 6% during the forecast period.
Top automotive independent front suspension system companies covered in this market research report
The automotive independent front suspension system market is moderately concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by companies, this automotive independent front suspension system industry analysis report will help clients identify new growth opportunities and design innovative strategies to improve their market share.
The report offers a complete analysis of various companies including:
Hendrickson USA, L.L.C.
ZF Friedrichshafen AG
Automotive independent front suspension system market segmentation based on geographic regions
APAC will account for the highest automotive independent front suspension system market share throughout the forecast period. The low production cost and low labor cost for manufacturing automotive components is a major reason for the high growth of the automotive independent front suspension system market in this region.
Automotive independent front suspension system market segmentation based on application
The passenger cars segment will account for the highest automotive independent front suspension system market share because of the growing need for independent front suspension in 2WD vehicles. This reduces the frontal weight and maximizes space to accommodate an engine block in the front.
Key highlights of the global automotive independent front suspension system market for the forecast years 2019-2023:
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the automotive independent front suspension system market during the next five years
Precise estimation of the global automotive independent front suspension system market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the automotive independent front suspension system industry across various geographies such as APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on factors that will challenge the growth of automotive independent front suspension system companies
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