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PUBLISHER: Grand View Research | PRODUCT CODE: 1654183
PUBLISHER: Grand View Research | PRODUCT CODE: 1654183
Asia Pacific Automotive Suspension Systems Market Size, Share & Trends Analysis Report By Vehicle (Passenger Vehicles, Commercial Vehicles), By Component, By System, By Application, By Country, And Segment Forecasts, 2025 - 2030
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Asia Pacific Automotive Suspension Systems Market Growth & Trends:
The Asia Pacific automotive suspension system market size is estimated to reach USD 33.47 billion by 2030, expanding at a CAGR of 3.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. Automotive suspension systems are witnessing tremendous upsurge in the demand in the region owing to growing consciousness regarding vehicle safety and increasing sales of luxury vehicles. These systems play a vital role in keeping vehicle tires in contact with the road.
Failure or poor functioning of suspension systems can pose a threat to passengers and drivers, even well-trained ones. Such failures occur due to negligence of driver, equipment failure, inadequate road maintenance, or poor road construction. Suspension systems are used in passenger vehicles, light commercial vehicles, and heavy-duty commercial vehicles. They promote even and balanced tire and brake wear, maintain wheel alignment, and absorb sudden road shocks. These factors are estimated to drive the growth of the automotive suspension systems market in the region.
Continuous strengthening of global vehicle standards is the major constraint hampering the growth of the market. Frequent updates in vehicle safety standards and increasing need for passenger safety may affect the production of vehicles. Prominent automakers are implementing lightweight suspension solutions to meet requirements of buyers and abide by environmental standards. Moreover, implementation of lightweight solutions is easy for established market players whereas, new entrants may find it difficult to implement as lightweight suspension solutions are high in cost. Prominent vendors in the market include Continental AG; Tenneco Inc.; F-TECH INC.; WABCO Holdings.; and Multimatic Inc.
Asia Pacific Automotive Suspension Systems Market Report Highlights:
- Increasing demand for passenger vehicles and luxury vehicles will drive the market in the region over the forecast period
- The passenger vehicles segment dominated the Asia Pacific automotive suspension system industry with a revenue share of 86.3% in 2024.
- The independent suspension segment held the largest revenue share of the Asia Pacific automotive suspension system industry in 2024.
- The electromagnetic damping type segment is projected to post the highest CAGR over the forecast period, followed by air suspension damping type
- On the basis of components, the ball joint segment is estimated to progress at the highest CAGR over the forecast period
- Prominent players in the market include ContiTech Deutschland GmbH; Tenneco Inc.; F-TECH INC.; KYB Corporation; and ZF Friedrichshafen AG.
Product Code: GVR-2-68038-153-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Automotive Suspension Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Drivers Analysis
- 3.2.2. Market Restraints Analysis
- 3.2.3. Industry Challenge
- 3.3. Automotive Suspension Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining Power of The Suppliers
- 3.3.1.2. Bargaining Power of The Buyers
- 3.3.1.3. Threats Of Substitution
- 3.3.1.4. Threats From New Entrants
- 3.3.1.5. Competitive Rivalry
- 3.3.2. PESTEL Analysis
- 3.3.1. Industry Analysis - Porter's
Chapter 4. Automotive Suspension Systems Market: Vehicle Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Automotive suspension system market: Vehicle Movement Analysis, USD Million, 2024 & 2030
- 4.3. Passenger Vehicles
- 4.3.1. Passenger Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Commercial Vehicles
- 4.4.1. Commercial Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Light Commercial Vehicles
- 4.4.2.1. Light Commercial Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Heavy Commercial Vehicles
- 4.4.3.1. Heavy Commercial Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Automotive Suspension Systems Market: System Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Automotive Suspension Systems Market: System Movement Analysis, USD Million, 2024 & 2030
- 5.2.1. Independent Suspension
- 5.2.1.1. Independent Suspension Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.2. Dependent (Rigid) Suspension
- 5.2.2.1. Dependent (Rigid) Suspension Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.1. Independent Suspension
Chapter 6. Automotive Suspension Systems Market: Damping Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Automotive suspension system market: Damping Movement Analysis, USD Million, 2024 & 2030
- 6.3. Hydraulic Damping
- 6.3.1. Hydraulic Damping Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Air Suspension
- 6.4.1. Air Suspension Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Electromagnetic Damping
- 6.5.1. Electromagnetic Damping Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Others
- 6.6.1. Other Damping Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Automotive Suspension Systems Market: Component Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Automotive Suspension Systems Market: Component Movement Analysis, USD Million, 2024 & 2030
- 7.3. Springs
- 7.3.1. Springs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Control Arms
- 7.4.1. Control Arms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Shock Absorber/Dampener
- 7.5.1. Shock Absorber/Dampener Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Ball Joints
- 7.6.1. Ball Joints Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Automotive Suspension Systems Market Country Estimates & Trend Analysis
- 8.1. Automotive Suspension Systems Market Share, By Region, 2024 & 2030, USD Million
- 8.1.1. China
- 8.1.1.1. China Automotive Suspension Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.2. India
- 8.1.2.1. India Automotive Suspension Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.3. Japan
- 8.1.3.1. Japan Automotive Suspension Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.4. South Korea
- 8.1.4.1. South Korea Automotive Suspension Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.5. Malaysia
- 8.1.5.1. Malaysia Automotive Suspension Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.1. China
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. ContiTech Deutschland GmbH
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.4. Strategic Initiative
- 9.4.2. KYB Corporation
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Application Benchmarking
- 9.4.2.4. Strategic Initiative
- 9.4.3. Tenneco Inc.
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Application Benchmarking
- 9.4.3.4. Strategic Initiative
- 9.4.4. HL Mando Corp.
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Application Benchmarking
- 9.4.4.4. Strategic Initiative
- 9.4.5. F-TECH INC.
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Application Benchmarking
- 9.4.5.4. Strategic Initiative
- 9.4.6. ZF Friedrichshafen AG
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Application Benchmarking
- 9.4.6.4. Strategic Initiative
- 9.4.7. Marelli Holdings Co., Ltd.
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Application Benchmarking
- 9.4.7.4. Strategic Initiative
- 9.4.8. thyssenkrupp AG
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Application Benchmarking
- 9.4.8.4. Strategic Initiative
- 9.4.9. Rassini
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Application Benchmarking
- 9.4.9.4. Strategic Initiative
- 9.4.10. Sogefi SpA
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Application Benchmarking
- 9.4.10.4. Strategic Initiative
- 9.4.11. NHK SPRING Co., Ltd.
- 9.4.11.1. Participant's Overview
- 9.4.11.2. Financial Performance
- 9.4.11.3. Application Benchmarking
- 9.4.11.4. Strategic Initiative
- 9.4.12. Multimatic Inc.
- 9.4.12.1. Participant's Overview
- 9.4.12.2. Financial Performance
- 9.4.12.3. Application Benchmarking
- 9.4.12.4. Strategic Initiative
- 9.4.1. ContiTech Deutschland GmbH
Product Code: GVR-2-68038-153-5
List of Tables
- Table 1 Asia Pacific Automotive suspension system market, by country, 2018 - 2030 (USD Million)
- Table 2 Asia Pacific automotive suspension system market, by vehicle, 2018 - 2030 (USD Million)
- Table 3 Asia Pacific automotive suspension system market, by system, 2018 - 2030 (USD Million)
- Table 4 Asia Pacific automotive suspension system market, by damping, 2018 - 2030 (USD Million)
- Table 5 Asia Pacific automotive suspension system market, by component, 2018 - 2030 (USD Million)
- Table 6 China automotive suspension system market, by vehicle, 2018 - 2030 (USD Million)
- Table 7 China automotive suspension system market, by system, 2018 - 2030 (USD Million)
- Table 8 China automotive suspension system market, by damping, 2018 - 2030 (USD Million)
- Table 9 China automotive suspension system market, by component, 2018 - 2030 (USD Million)
- Table 10 India automotive suspension system market, by vehicle, 2018 - 2030 (USD Million)
- Table 11 India automotive suspension system market, by system, 2018 - 2030 (USD Million)
- Table 12 India automotive suspension system market, by damping, 2018 - 2030 (USD Million)
- Table 13 India automotive suspension system market, by component, 2018 - 2030 (USD Million)
- Table 14 Japan automotive suspension system market, by vehicle, 2018 - 2030 (USD Million)
- Table 15 Japan automotive suspension system market, by system, 2018 - 2030 (USD Million)
- Table 16 Japan automotive suspension system market, by damping, 2018 - 2030 (USD Million)
- Table 17 Japan automotive suspension system market, by component, 2018 - 2030 (USD Million)
- Table 18 South Korea automotive suspension system market, by vehicle, 2018 - 2030 (USD Million)
- Table 19 South Korea automotive suspension system market, by system, 2018 - 2030 (USD Million)
- Table 20 South Korea automotive suspension system market, by damping, 2018 - 2030 (USD Million)
- Table 21 South Korea automotive suspension system market, by component, 2018 - 2030 (USD Million)
- Table 22 Malaysia automotive suspension system market, by vehicle, 2018 - 2030 (USD Million)
- Table 23 Malaysia automotive suspension system market, by system, 2018 - 2030 (USD Million)
- Table 24 Malaysia automotive suspension system market, by damping, 2018 - 2030 (USD Million)
- Table 25 Malaysia automotive suspension system market, by component, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Automotive suspension system market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain-based sizing & forecasting
- Fig. 7 Parent market analysis
- Fig. 8 Market formulation & validation
- Fig. 9 Automotive suspension system market snapshot
- Fig. 10 Automotive suspension system market segment snapshot
- Fig. 11 Automotive suspension system market competitive landscape snapshot
- Fig. 12 Market research process
- Fig. 13 Market driver relevance analysis (Current & future impact)
- Fig. 14 Market restraint relevance analysis (Current & future impact)
- Fig. 15 Automotive suspension system market: Vehicle outlook key takeaways (USD million)
- Fig. 16 Automotive suspension system market: Vehicle movement analysis (USD million), 2024 & 2030
- Fig. 17 Passenger vehicles market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 18 Commercial vehicles market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 19 Light commercial vehicles market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 20 Heavy commercial vehicles market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 21 Automotive suspension system market: System outlook key takeaways (USD million)
- Fig. 22 Automotive suspension system market: System movement analysis (USD million), 2024 & 2030
- Fig. 23 Independent suspension market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 24 Dependent (rigid) suspension market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 25 Automotive suspension system market: Damping outlook key takeaways (USD million)
- Fig. 26 Automotive suspension system market: Damping movement analysis (USD million), 2024 & 2030
- Fig. 27 Hydraulic damping market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 28 Air suspension market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 29 Electromagnetic damping market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 30 Others market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 31 Automotive suspension system market: Component outlook key takeaways (USD million)
- Fig. 32 Automotive suspension system market: Component movement analysis (USD million), 2024 & 2030
- Fig. 33 Springs market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 34 Control arms market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 35 Shock absorber/dampener market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 36 Ball joints market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 37 Others market revenue estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 38 Regional marketplace: Key takeaways
- Fig. 39 Automotive suspension system market: Country outlook, 2024 & 2030, USD Million
- Fig. 40 China automotive suspension system market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 41 India automotive suspension system market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 42 Japan automotive suspension system market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 43 South Kora automotive suspension system market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 44 Malaysia automotive suspension system market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 45 Strategy framework
- Fig. 46 Company categorization
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