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PUBLISHER: IMARC | PRODUCT CODE: 1467767
PUBLISHER: IMARC | PRODUCT CODE: 1467767
Advanced Suspension Control System Market Report by System Type, Component, Vehicle, Vehicle Type, Sales Channel, and Region 2024-2032
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PAGES: 135 Pages
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The global advanced suspension control system market size reached US$ 16.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.3 Billion by 2032, exhibiting a growth rate (CAGR) of 7.8% during 2024-2032.
An advanced suspension control system refers to an automobile component that is designed to provide enhanced support to the vehicle body. It provides suspension to tires, through springs, shock absorbers and linkages, which connect the vehicle to the wheels and facilitates relative motion between the two. The system can decelerate the speed of the vehicle and minimize suspension deflection, which improves vehicle maneuverability by managing road-holding and ride quality. In comparison to the traditionally used suspension control systems, these advanced variants are more robust and can be used for compact and mid-size cars, along with light and heavy commercial vehicles.
Significant growth in the automotive industry and the increasing demand for lightweight and energy-efficient components, represent as the key factors creating a positive outlook for the market. Furthermore, the rising demand for semi-utility vehicles (SUVs) and luxurious sports cars is also augmenting the market growth. Advanced suspension control systems can adapt to the vehicle's leveling and damping properties, which aid in improving the performance and overall safety and comfort for the driver. Additionally, various technological advancements, such as the development of suspension control systems with minimal tailpipe emissions, are acting as other growth-inducing factors. Product manufacturers are creating electronically controlled air suspension systems that are integrated with hydraulic and mechanical components for superior oil flow and control of spring and damping forces. Other factors, including improvements in the design and manufacturing techniques of suspension systems, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global advanced suspension control system market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on system type, component, vehicle, vehicle type and sales channel.
Breakup by System Type:
Semi-Active Suspension System
Active Suspension System
Breakup by Component:
Springs
Shock Dampeners
Struts
Control Arms
Ball Joints
Others
Breakup by Vehicle:
Passenger Cars
Commercial Vehicles
Others
Breakup by Vehicle Type:
Conventional
Gasoline-Based
Diesel-Based
Hybrid
Electric
Breakup by Sales Channel:
OEMs
Aftermarket
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being BWI Group, Continental AG, Hitachi Automotive Systems Ltd., Infineon Technologies AG, Lord Corporation, Marelli Europe S.P.A., Schaeffler AG, The Mando Corporation, ThyssenKrupp AG and ZF Friedrichshafen AG.
Key Questions Answered in This Report
- 1. What was the size of the global advanced suspension control system market in 2023?
- 2. What is the expected growth rate of the global advanced suspension control system market during 2024-2032?
- 3. What has been the impact of COVID-19 on the global advanced suspension control system market?
- 4. What are the key factors driving the global advanced suspension control system market?
- 5. What is the breakup of the global advanced suspension control system market based on the system type?
- 6. What is the breakup of the global advanced suspension control system market based on the component?
- 7. What is the breakup of the global advanced suspension control system market based on the vehicle?
- 8. What is the breakup of the global advanced suspension control system market based on the vehicle type?
- 9. What is the breakup of the global advanced suspension control system market based on the sales channel?
- 10. What are the key regions in the global advanced suspension control system market?
- 11. Who are the key players/companies in the global advanced suspension control system market?
Product Code: SR112024A2616
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Advanced Suspension Control System Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by System Type
- 6.1 Semi-Active Suspension System
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Active Suspension System
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Component
- 7.1 Springs
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Shock Dampeners
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Struts
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Control Arms
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Ball Joints
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Vehicle
- 8.1 Passenger Cars
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Vehicles
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Vehicle Type
- 9.1 Conventional
- 9.1.1 Market Trends
- 9.1.2 Major Types
- 9.1.2.1 Gasoline-Based
- 9.1.2.2 Diesel-Based
- 9.1.3 Market Forecast
- 9.2 Electric
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Hybrid
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Sales Channel
- 10.1 OEMs
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Aftermarket
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 BWI Group
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Continental AG
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Hitachi Automotive Systems Ltd.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Infineon Technologies AG
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Lord Corporation
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 MARELLI EUROPE S.P.A.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Schaeffler AG
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.8 The Mando Corporation
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9 ThyssenKrupp AG
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 ZF Friedrichshafen AG
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.1 BWI Group
Product Code: SR112024A2616
List of Figures
- Figure 1: Global: Advanced Suspension Control System Market: Major Drivers and Challenges
- Figure 2: Global: Advanced Suspension Control System Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Advanced Suspension Control System Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Advanced Suspension Control System Market: Breakup by System Type (in %), 2023
- Figure 5: Global: Advanced Suspension Control System Market: Breakup by Component (in %), 2023
- Figure 6: Global: Advanced Suspension Control System Market: Breakup by Vehicle (in %), 2023
- Figure 7: Global: Advanced Suspension Control System Market: Breakup by Vehicle Type (in %), 2023
- Figure 8: Global: Advanced Suspension Control System Market: Breakup by Sales Channel (in %), 2023
- Figure 9: Global: Advanced Suspension Control System Market: Breakup by Region (in %), 2023
- Figure 10: Global: Advanced Suspension Control System (Semi-Active Suspension System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Advanced Suspension Control System (Semi-Active Suspension System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Advanced Suspension Control System (Active Suspension System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Advanced Suspension Control System (Active Suspension System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Advanced Suspension Control System (Springs) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Advanced Suspension Control System (Springs) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Advanced Suspension Control System (Shock Dampeners) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Advanced Suspension Control System (Shock Dampeners) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Advanced Suspension Control System (Struts) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Advanced Suspension Control System (Struts) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Advanced Suspension Control System (Control Arms) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Advanced Suspension Control System (Control Arms) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Advanced Suspension Control System (Ball Joints) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Advanced Suspension Control System (Ball Joints) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Advanced Suspension Control System (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Advanced Suspension Control System (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Advanced Suspension Control System (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Advanced Suspension Control System (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Advanced Suspension Control System (Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Advanced Suspension Control System (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Advanced Suspension Control System (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Advanced Suspension Control System (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Advanced Suspension Control System (Conventional Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Advanced Suspension Control System (Conventional Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Advanced Suspension Control System (Electric Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Advanced Suspension Control System (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Global: Advanced Suspension Control System (Hybrid Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Global: Advanced Suspension Control System (Hybrid Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Global: Advanced Suspension Control System (OEMs) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Global: Advanced Suspension Control System (OEMs) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Global: Advanced Suspension Control System (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Global: Advanced Suspension Control System (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: North America: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: North America: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: United States: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: United States: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Canada: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Canada: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Asia Pacific: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Asia Pacific: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: China: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: China: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Japan: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Japan: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: India: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: India: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: South Korea: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: South Korea: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Australia: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Australia: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Indonesia: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Indonesia: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Others: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Others: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Europe: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Europe: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Germany: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Germany: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: France: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: France: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: United Kingdom: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: United Kingdom: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Italy: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Italy: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Spain: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Spain: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Russia: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Russia: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Others: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Others: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Latin America: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Latin America: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Brazil: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Brazil: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 84: Mexico: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 85: Mexico: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 86: Others: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 87: Others: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 88: Middle East and Africa: Advanced Suspension Control System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 89: Middle East and Africa: Advanced Suspension Control System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 90: Global: Advanced Suspension Control System Industry: SWOT Analysis
- Figure 91: Global: Advanced Suspension Control System Industry: Value Chain Analysis
- Figure 92: Global: Advanced Suspension Control System Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Advanced Suspension Control System Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Advanced Suspension Control System Market Forecast: Breakup by System Type (in Million US$), 2024-2032
- Table 3: Global: Advanced Suspension Control System Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 4: Global: Advanced Suspension Control System Market Forecast: Breakup by Vehicle (in Million US$), 2024-2032
- Table 5: Global: Advanced Suspension Control System Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
- Table 6: Global: Advanced Suspension Control System Market Forecast: Breakup by Sales Channel (in Million US$), 2024-2032
- Table 7: Global: Advanced Suspension Control System Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 8: Global: Advanced Suspension Control System Market: Competitive Structure
- Table 9: Global: Advanced Suspension Control System Market: Key Players
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