Global Asia Pacific Automotive Suspension Systems Market is valued USD billion 30.5in 2016 is anticipated to grow USD 45.1 billion with the compounded annual growth of 4.44% over the forecast period 2017-2025.
New York 25 June 2018, as per the new research study conducted by Bizwit Research & Consulting, Global Asia Pacific Automotive Suspension Systems industry is poised to raise USD 45.1 billion by 2025. Burgeoning sales of luxury vehicles, advancements in vehicle technologies, increasing global vehicle production, and flourishing automotive industry are the key trends escalating market growth.
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Global Asia Pacific Automotive Suspension Systems Market Size study, By System Type (Dependent, Independent), By Component Type (Spring, control arms, Ball joints), By Vehicle Type (Passenger, Commercial), By Damping Type (Electromagnetic, Hydraulic, air suspension) and by Regional Forecasts 2017-2025.
The industry seems to be fairly competitive. Some of the leading market players include continental AG, Tenneco Inc., F-TECH Inc., WABCO Holdings Inc., Multimatic Inc., and so on. Other market players discussed in the report include NHK Spring Co. Ltd., Rassini, Sogefi group.New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The market is driven by heightened awareness and demand for features such as enhanced comfort levels, and better control over the vehicle.
- Technological advancements in the market such as the introduction of steel springs, and advanced intelligent damping systems (CDC & PDC) will further stoke the growth of the market.
Bizwit Research & Consulting LLP has considered following segments for the study:
By Systems Type:
By Component type:
- Control arms
- Ball Joints
By Vehicle type:
By Damping type:
- Air suspension
- North America
- Asia Pacific
- Latin America
- Rest of the World