Automotive Suspension Systems Market Report 2025: Key Trends Include Electrification, Adaptive Systems, Smart Sensors, Lightweight Materials and Driving Mode Customization - ResearchAndMarkets.com

The "Automotive Suspension Systems Market Report 2025" has been added to ResearchAndMarkets.com's offering.

This Automotive Suspension Systems market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The automotive suspension systems market size has grown steadily in recent years. It will grow from $65.04 billion in 2024 to $67.78 billion in 2025 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to increased demand for comfort and safety, government regulations, economic conditions, environmental regulations promoting fuel efficiency.

The automotive suspension systems market size is expected to see strong growth in the next few years. It will grow to $82.4 billion in 2029 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to increased demand for electric and autonomous vehicles, growing focus on sustainability and reducing emissions, changes in consumer preferences towards more versatile and adaptable vehicles, government regulations and safety standards related to autonomous vehicles.

Major trends in the forecast period include electrification of suspension systems, development of adaptive and semi-active suspension systems, integration of smart sensors for predictive maintenance, use of lightweight materials for improved efficiency, customization of suspension systems for different driving modes.

The rising demand for motor vehicles is anticipated to propel the growth of the automotive suspension systems market during the forecast period. Automotive suspension systems are designed to optimize friction between tires and the road, ensuring steering stability, effective handling, and protection against damage. For example, in August 2024, the European Automobile Manufacturers' Association, a Belgium-based organization, reported that seven months into 2024, new car registrations increased by 3.9%, surpassing 6.5 million units. The largest markets within the bloc showed positive but modest growth, with Spain (+5.6%), Italy (+5.2%), Germany (+4.3%), and France (+2.2%) all experiencing increases. Thus, the growing global demand for vehicles is expected to drive the automotive suspension systems market.

The increasing market demand for luxury and high-performance vehicles serves as a significant catalyst driving the need for advanced suspension systems. These vehicles, characterized by their amalgamation of cutting-edge engineering, premium materials, advanced technology, and superior performance capabilities, aim to deliver elevated driving experiences. They often encompass premium features, superior comfort, and top-tier amenities, necessitating suspension systems that offer a smooth ride while ensuring exceptional handling and stability. Notably, the luxury vehicle market in the US witnessed a rise to 18% of total new vehicle sales in the second quarter of 2023, up from 14% in 2020. Similarly, in India, industry estimates revealed a 38% surge in luxury vehicle sales, reaching approximately 20,000 units between January and June 2023 compared to 14,500 units during the same period in 2022. Consequently, the heightened sales of luxury and high-performance vehicles are anticipated to drive the growth trajectory of the advanced suspension systems market in the foreseeable future.

Key companies in the automotive suspension systems market are concentrating on creating technologically advanced products, such as mechanical suspensions, to enhance ride comfort and improve vehicle stability. Mechanical suspensions are systems within vehicles that utilize mechanical components like springs and shock absorbers to bear the vehicle's weight, absorb shocks from the road, and enhance both comfort and stability. For example, in July 2023, Hendrickson, a US-based suspension manufacturer, introduced the TA 14 heavy-duty air suspension and the MS 16 heavy-duty mechanical suspension. The TA 14 heavy-duty air suspension is specifically designed for Indian conditions, offering Top and Low Mount variants to provide customers with various options tailored to their application needs. On the other hand, the MS 16 heavy-duty mechanical suspension, which has a 16T capacity rating, is suitable for both on-road and off-road applications, delivering improved load-carrying capabilities and performance. It is available in tandem and tridem configurations and features a robust leaf spring assembly that uses locally manufactured, high-quality components, including thicker side plates for equalisers and durable polyurethane bushes in the torque arm, ensuring lower maintenance costs, minimized downtime, and enhanced operational efficiency.

Prominent entities within the automotive suspension systems market are directing their focus towards the development of innovative products, particularly active suspension systems, in response to the escalating demand for advanced suspension technologies. These new active suspension systems leverage cameras and sensors to dynamically adjust the vehicle's suspension in real-time, promising a smoother ride and superior handling. An illustrative instance occurred in December 2022 when Mercedes-Benz, a renowned German luxury and commercial vehicle automotive brand, introduced the E-ACTIVE BODY CONTROL - an electrohydraulic suspension system featuring variable damping aimed at enhancing driving comfort. This sophisticated system dynamically adjusts suspension settings based on road conditions, vehicle load, and the selected driving program. Notably, the system automatically lowers the vehicle at higher speeds to bolster driving safety and decrease energy consumption, showcasing Mercedes-Benz's commitment to cutting-edge suspension technologies.

In January 2023, RENK Group, a Germany-based provider of drive solutions, acquired General Kinetics for an undisclosed sum. This acquisition enables the newly formed entity to enhance its mobility solutions and capitalize on RENK's extensive presence in the US, Europe, and worldwide, thereby offering a comprehensive range of suspension and vibration mitigation products. General Kinetics is a USA-based manufacturer specializing in automotive suspension systems.

Key Attributes:

Scope

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Markets Covered:

• By Type: Passive Suspensions Systems; Semi-Active Suspensions Systems; Active Suspensions Systems
• By Component: Coil Spring; Leaf Spring; Air Spring; Shock Absorbers; Other Components
• By Application: Passenger Vehicles; Commercial Vehicles

Subsegments:

• By Passive Suspension Systems: Leaf Spring Suspension; Coil Spring Suspension; Torsion Bar Suspension; Shock Absorber Systems
• By Semi-Active Suspension Systems: Magnetorheological (MR) Suspension; Electronically Controlled Damping Systems; Variable Damping Systems
• By Active Suspension Systems: Fully Active Suspension Systems; Pneumatic Suspension Systems; Hydraulic Suspension Systems

Companies Featured

• Continental AG
• ZF Friedrichshafen AG
• Tenneco Inc.
• Magneti Marelli SpA
• ThyssenKrupp Automotive Systems
• WABCO Vehicle Control Systems
• Mando Corporation
• BeijingWest Industries International Limited
• KYB Corporation
• Hitachi Astemo Americas Inc.
• TRW Automotive Holdings Inc.
• LORD Corporation
• Porsche AG
• Mercedes-Benz AG
• Multimatic Inc.
• Sanluis Corporacion S. A. B. de C. V.
• Hyundai Mobis Co. Ltd.
• Sogefi SpA
• Skyjacker Suspensions
• HSD Co. Ltd.
• Eibach GmbH
• KW automotive GmbH
• GReddy Performance Products Inc.
• Fabtech Motorsports
• Koni BV
• Dorman Products Inc.
• Ohlins Racing AB
• TEIN Inc.
• Yellow Speed Racing Inc.
• Gabriel India Limited

For more information about this report visit https://www.researchandmarkets.com/r/54u88m

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