Global automotive adaptive suspension system Market Research Report – Forecast till 2026

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According to statistics, Global Automotive Adaptive Suspension System Market is anticipated to reach USD 52,509.9 Million by 2026, registering a 12.93% CAGR during the forecast period.

Description

Global automotive adaptive suspension system Market Research Report – Forecast till 2026

Market Overview
According to statistics, Global Automotive Adaptive Suspension System Market is anticipated to reach USD 52,509.9 Million by 2026, registering a 12.93% CAGR during the forecast period. The automotive adaptive suspension system is a framework that effectively controls the vertical development of the wheels comparing to the vehicle undercarriage through a PC-controlled framework that offers a superior refined and smooth riding experience.
The automotive adaptive suspension system market is evaluated to register a notable market growth owing to the driven by factors such as a rise in concerns regarding safety and comfort in vehicles and demand for advanced suspension technologies in commercial vehicles & premium high-end vehicles. Besides, the high initial cost of the suspension system & its installation in the aftermarket is evaluated to hinder the market growth during the study time. The increasing requirement for adaptive suspension systems for electric & hybrid vehicles and the use of economical & lightweight materials are set to create opportunities for the major market players in the future.

Market Segmentation
Global Market for Automotive Adaptive Suspension Systems has been categorized by Technology, Actuation Type, and Vehicle Type.
In terms of the technology segment, the global market has been bifurcated into semi-active suspension systems and active suspension systems. The active suspension system is expected to register a 13.98% CAGR during the forecast period owing to the largest market share of 62.07% with a market value of USD 27,084.2 million in 2019.
By actuation type, the global market has been classified into hydraulic systems, electromagnetic systems, solenoid valve systems, and others. The hydraulic systems segment is projected to register a 12.40% CAGR during the review period having the largest market share of 44.46%, with a market value of USD 19,397.5 million in 2019.
By vehicle type segment, the global automotive adaptive suspension system market has been categorized into passenger vehicles and commercial vehicles.
Regional Analysis
The region-specific analysis of the report on the automotive adaptive suspension system market has been studied across four major regions namely North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to lead the market owing to the rising automobile manufacturing industry, especially in countries such as China, India, and Malaysia. However, the aftermarket sector for wear and tear components and other related products has occupied approximately half of the total automotive aftermarket component market in the region.
Europe comprises Germany, France, the UK, Italy, and Spain. The region is the automotive hub of the world.
Major Players
The growth of the major competitors is driven by market conditions, government support, and industrial development. Thus, the manufacturers should envision expanding their presence and enhancing their services. The key players operating in the automotive adaptive suspension system market include Continental AG, ZF Friedrichshafen AG, Mando Corp., Thyssenkrupp AG, Infineon Technologies AG, and Schaeffler AG are a few of the key players operating in the global market.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT 1 EXECUTIVE SUMMARY 1.1 MARKET ATTRACTIVENESS ANALYSIS 15 1.1.1 GLOBAL AUTOMOTIVE ADAPTIVE SUSPENSION SYSTEM MARKET, BY TECHNOLOGY 15 1.1.2 GLOBAL AUTOMOTIVE ADAPTIVE SUSPENSION SYSTEM MARKET, BY VEHICLE TYPE 16 1.1.3 GLOBAL AUTOMOTIVE ADAPTIVE SUSPENSION SYSTEM MARKET, BY ACTUATION TYPE 17 1.1.4 GLOBAL AUTOMOTIVE ADAPTIVE SUSPENSION SYSTEM MARKET, BY REGION 18 2 MARKET INTRODUCTION 2.1 DEFINITION 19 2.2 SCOPE OF THE STUDY 19 2.3 MARKET STRUCTURE 19 2.4 KEY BUYING CRITERIA 20 3 RESEARCH METHODOLOGY 3.1 RESEARCH PROCESS 21 3.2 PRIMARY RESEARCH 22 3.3 SECONDARY RESEARCH 23 3.4 MARKET SIZE ESTIMATION 23 3.5 TOP-DOWN AND BOTTOM-UP APPROACH 24 3.6 FORECAST MODEL 25 3.7 LIST OF ASSUMPTIONS 26 4 MARKET DYNAMICS 4.1 INTRODUCTION 27 4.2 DRIVERS 28 4.2.1 RISE IN CONCERNS REGARDING SAFETY AND COMFORT IN VEHICLES 28 4.2.2 DEMAND FOR ADVANCED SUSPENSION TECHNOLOGIES IN COMMERCIAL VEHICLES AND PREMIUM HIGH-END VEHICLES 28 4.2.3 DRIVERS IMPACT ANALYSIS 30 4.3 RESTRAINT 30 4.3.1 HIGH COST OF SUSPENSION SYSTEM AND ITS INSTALLATION IN THE AFTERMARKET 30 4.3.2 RESTRAINT IMPACT ANALYSIS 31 4.4 OPPORTUNITIES 31 4.4.1 DEMAND OF ADAPTIVE SUSPENSION SYSTEM FOR ELECTRIC AND HYBRID VEHICLES 31 4.4.2 USE OF COST-EFFECTIVE AND LIGHTWEIGHT MATERIALS 32 4.5 CHALLENGE 33 4.5.1 OIL LEAKAGE AND NOISE 33 4.6 COVID-19 IMPACT ANALYSIS 33 4.6.1 ECONOMIC IMPACT ON AUTOMOTIVE INDUSTRY 33 4.6.2 IMPACT ON AUTOMOTIVE PRODUCTION 34 4.6.2.1 FORD 34 4.6.2.2 AMERICAN HONDA 34 4.6.2.3 FCA 34 4.6.2.4 KIA 34 4.6.2.5 VOLKSWAGEN 35 4.6.3 IMPACT ON SUSPENSION SYSTEMS INDUSTRY 35 4.6.3.1 IMPACT ON SUPPLY CHAIN 35 4.6.3.2 IMPACT ON RAW MATERIALS 35 4.6.3.3 CASH FLOW CONSTRAINTS 35 4.6.4 IMPACT ON WORLD TRADE 35 5 MARKET FACTOR ANALYSIS 5.1 PORTER’S FIVE FORCES MODEL 37 5.1.1 THREAT OF NEW ENTRANTS 38 5.1.2 BARGAINING POWER OF SUPPLIERS 38 5.1.3 THREAT OF SUBSTITUTES 38 5.1.4 BARGAINING POWER OF BUYERS 38 5.1.5 INTENSITY OF RIVALRY 38 5.2 SUPPLY CHAIN ANALYSIS 39 5.2.1 DESIGN & DEVELOPMENT 39 5.2.2 RAW MATERIAL SUPPLY 39 5.2.3 MANUFACTURE/ASSEMBLY 39 5.2.4 DISTRIBUTION 40 5.2.5 END USE 40 6 GLOBAL AUTOMOTIVE ADAPTIVE SUSPENSION SYSTEM MARKET, BY TECHNOLOGY 6.1 OVERVIEW 41 6.1.1 SEMI-ACTIVE SUSPENSION SYSTEMS 42 6.1.2 ACTIVE SUSPENSION SYSTEMS 42 7 GLOBAL AUTOMOTIVE ADAPTIVE SUSPENSION SYSTEM MARKET, BY VEHICLE TYPE 7.1 OVERVIEW 43 7.1.1 PASSENGER VEHICLES 44 7.1.2 COMMERCIAL VEHICLES 44 8 GLOBAL AUTOMOTIVE ADAPTIVE SUSPENSION SYSTEM MARKET, BY ACTUATION TYPE 8.1 OVERVIEW 45 8.1.1 HYDRAULIC SYSTEMS 46 8.1.2 ELECTROMAGNETIC SYSTEM 46 8.1.3 SOLENOID VALVE SYSTEM 46 8.1.4 OTHERS 46 9 GLOBAL AUTOMOTIVE ADAPTIVE SUSPENSION SYSTEM MARKET, BY REGION 9.1 OVERVIEW 48 9.1.1 GLOBAL AUTOMOTIVE ADAPTIVE SUSPENSION SYSTEM MARKET, BY REGION, 2017–2026 49 9.2 NORTH AMERICA 50 9.2.1 US 51 9.2.2 CANADA 52 9.2.3 MEXICO 53 9.3 EUROPE 55 9.3.1 GERMANY 57 9.3.2 UK 58 9.3.3 FRANCE 59 9.3.4 ITALY 60 9.3.5 SPAIN 61 9.3.6 REST OF EUROPE 62 9.4 ASIA PACIFIC 63 9.4.1 CHINA 65 9.4.2 JAPAN 66 9.4.3 INDIA 67 9.4.4 SOUTH KOREA 68 9.4.5 REST OF ASIA-PACIFIC 69 9.5 REST OF THE WORLD (ROW) 70 9.5.1 MIDDLE EAST & AFRICA (MEA) 71 9.5.2 SOUTH AMERICA 72 10 COMPETITIVE LANDSCAPE 10.1 COMPETITIVE OVERVIEW 74 10.2 COMPETITIVE BENCHMARKING 75 10.3 MARKET SHARE ANALYSIS 76 10.4 KEY DEVELOPMENTS IN THE GLOBAL AUTOMOTIVE ADAPTIVE SUSPENSION SYSTEM MARKET 76 10.4.1 KEY DEVELOPMENTS: MERGERS & ACQUISITIONS 76 10.4.2 KEY DEVELOPMENTS: CONTRACTS & AGREEMENTS 77 10.4.3 KEY DEVELOPMENTS: EXPANSION 77 10.4.4 KEY DEVELOPMENTS: PRODUCT DEVELOPMENTS 78 11 COMPANY PROFILES 11.1 CONTINENTAL AG 79 11.1.1 COMPANY OVERVIEW 79 11.1.2 FINANCIAL OVERVIEW 80 11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 81 11.1.4 KEY DEVELOPMENTS 81 11.1.5 SWOT ANALYSIS 82 11.1.6 KEY STRATEGIES 82 11.2 ZF FRIEDRICHSHAFEN AG 83 11.2.1 COMPANY OVERVIEW 83 11.2.2 FINANCIAL OVERVIEW 84 11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 85 11.2.4 KEY DEVELOPMENTS 85 11.2.5 SWOT ANALYSIS 86 11.2.6 KEY STRATEGIES 86 11.3 MANDO CORP. 87 11.3.1 COMPANY OVERVIEW 87 11.3.2 FINANCIAL OVERVIEW 88 11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 88 11.3.4 KEY DEVELOPMENTS 89 11.3.5 SWOT ANALYSIS 89 11.3.6 KEY STRATEGIES 89 11.4 THYSSENKRUPP AG 90 11.4.1 COMPANY OVERVIEW 90 11.4.2 FINANCIAL OVERVIEW 91 11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 92 11.4.4 KEY DEVELOPMENTS 92 11.4.5 SWOT ANALYSIS 93 11.4.6 KEY STRATEGIES 93 11.5 INFINEON TECHNOLOGIES AG 94 11.5.1 COMPANY OVERVIEW 94 11.5.2 FINANCIAL OVERVIEW 95 11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 95 11.5.4 KEY DEVELOPMENTS 96 11.5.5 SWOT ANALYSIS 96 11.5.6 KEY STRATEGIES 96 11.6 SCHAEFFLER AG 97 11.6.1 COMPANY OVERVIEW 97 11.6.2 FINANCIAL OVERVIEW 98 11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 99 11.6.4 KEY DEVELOPMENTS 99 11.6.5 SWOT ANALYSIS 100 11.6.6 KEY STRATEGIES 100 11.7 HITACHI, LTD. 101 11.7.1 COMPANY OVERVIEW 101 11.7.2 FINANCIAL OVERVIEW 102 11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 102 11.7.4 KEY DEVELOPMENTS 103 11.8 MAGNETI MARELLI SPA 104 11.8.1 COMPANY OVERVIEW 104 11.8.2 FINANCIAL OVERVIEW 104 11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 105 11.8.4 KEY DEVELOPMENTS 105 11.9 BWI GROUP 106 11.9.1 COMPANY OVERVIEW 106 11.9.2 FINANCIAL OVERVIEW 106 11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 106 11.9.4 KEY DEVELOPMENTS 107 11.10 LORD CORPORATION 108 11.10.1 COMPANY OVERVIEW 108 11.10.2 FINANCIAL OVERVIEW 108 11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 108 11.10.4 KEY DEVELOPMENTS 109