Based on type, the automotive suspension market landscape is again bifurcated into two-wheeler suspension, and four-wheeler suspension. The four-wheeler suspension segment is further divided into dependent, semi-independent, and independent. Likewise, the two-wheeler suspension segment is divided into front telescopic suspension, rear dual shock suspension, other front suspension, and rear monoshock suspension. Among these, Front telescopic suspension segment is likely to register considerable gains as they are widely preferred due to their low cost and less maintenance requirements. This segment will witness around 8.5% CAGR over the span of the forecast period.
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Based upon architecture, the automotive suspension industry is divided into four-wheeler suspension, and two-wheeler suspension. The four-wheeler suspension segment is further divided into MacPherson strut, rigid axle, double wishbone, twist beam, multi-link, and others. Among these, Rigid axle segment will grow at a steady rate due to its low operational efficiency and flexibility. These are generally preferred by heavy commercial vehicles.
With regards to vehicle type, the automotive suspension market is classified into light commercial vehicles, passenger cars, heavy commercial vehicles, and two-wheelers. Among these, Increasing population and high disposable income levels will catapult the sales of passenger cars by 2026. This will trigger the sales of suspension systems for passenger cars in future.
Heavy commercial vehicles segment will grow at a CAGR over 8.0% over the projected timeframe. Increasing demand of heavy commercial vehicles for goods transportation will spur the growth of automotive suspensions within this segment.
From a regional perspective, Europe automotive suspension market will witness around 7% CAGR through the forecast time period. The regional growth will be driven by technological developments associated with automotive suspension systems. Latin America automotive suspension industry will account for around 7% share over the study timeframe. Favorable trends associated with two-wheeler industry will propel the region's growth in future.
Some Point from Table of Contents:
Chapter 6. Automotive Suspension Market, By Technology
6.1. Global automotive suspension industry technology insights
6.2.1. Market estimates and forecast, 2016 - 2026
6.2.2. Market estimates and forecast, by region, 2016 – 2026
6.3.1. Market estimates and forecast, 2016 – 2026
6.3.2. Market estimates and forecast, by region, 2016 – 2026
Chapter 7. Automotive Suspension Market, By Distribution Channel
7.1. Global automotive suspension industry distribution channel insights
7.2.1. Market estimates and forecast, 2016 - 2026
7.2.2. Market estimates and forecast, by region, 2016 – 2026
7.3.1. Market estimates and forecast, 2016 – 2026
7.3.2. Market estimates and forecast, by region, 2016 – 2026
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