Below are some of the key findings from the automotive performance suspension system market research report:
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Global automotive performance suspension system industry overview
The increasing adoption of air suspension systems is one of the key drivers that will trigger the market’s growth in the forthcoming years. These systems are being deployed in modern vehicles as they reduce vibration and engine noise. Vehicle manufacturers are increasingly replacing conventional systems with air suspension systems to increase the handling comfort of the vehicles. This will lead the automotive performance suspension system market to register a CAGR of close to 8% during the forecast period.
The integration of active steering controls within performance suspension systems is one of the key trends that will gain traction over the forecast period. Vehicle manufacturers are increasingly upgrading their existing vehicular systems with digital systems to increase operational efficiency and safety. In addition, vehicle makers have been integrating multiple electronic features in modern performance suspension systems to complement the handling capabilities of the vehicle. This will drive the adoption of automotive performance suspension systems during the forecast period.
Top automotive performance suspension system companies covered in this market research report
The automotive performance suspension system market is moderately concentrated with companies launching innovative products to strengthen their position in the market. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this automotive performance suspension system industry analysis report will help clients to form effective business strategies and make informed business decisions.
The report offers a complete analysis of various companies including:
- BWI Group
- Continental
- Tenneco
- thyssenkrupp
- ZF Friedrichshafen
Automotive performance suspension system market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies, the Americas will account for the highest revenue contribution to the automotive performance suspension system market throughout the forecast period. However, the APAC region will witness the highest market growth owing to the increasing adoption of high-performance vehicles in emerging economies including India, China, and Indonesia.
Automotive performance suspension system market segmentation based on application
- Electric vehicles
- Non-electric vehicles
The non-electric vehicles application segment will account for the highest market share in the forthcoming years. Additionally, the report also provides an accurate prediction of the contribution of all the application segments to the growth of the automotive performance suspension system market size.
Key highlights of the global automotive performance 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 performance suspension system market during the next five years
- Precise estimation of the global automotive performance 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 performance suspension system industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of automotive performance suspension system companies
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