Automotive Suspension Market By System Type (Dependent (Rigid) Suspension System And Independent Suspension System), By Component Type (Springs, Control Arms, Dampers Or Shock Absorbers, Ball Joints, and Others), By Vehicle Type (Passenger Vehicles and Commercial Vehicles), By Damping Type (Hydraulic and Electromagnetic), and By Region- Trends, Analysis and Forecast till 2034

Report Code: PMI22819 | Publish Date: March 2024 | No. of Pages: 168

Global Automotive Suspension Market Market Companies

  • Hendrickson USA
  • L.L.C.
  • Gabriel India Limited
  • FOX Factory, Inc.
  • WABCO Holdings Inc.
  • Continental AG
  • ZF TRW Automotive Holdings Corp.
  • Magneti Marelli S.p.A
  • Tenneco Inc.
  • Sogefi SpA
  • Benteler International
  • ZF Friedrichshafen AG.

Recent News:

  • In December 2023, Clearmotion, a leading suspension technology provider, partnered with NIO, China's pioneering electric vehicle manufacturer. As part of this collaboration, Clear motion will provide advanced suspension technology for NIO's upcoming electric vehicle (EV) model, the ET9. This strategic alliance aims to improve the driving experience of NIO customers by delivering a smoother and more comfortable ride, strengthening Clear motion’s presence in the rapidly growing electric vehicle market.
  •  In April 2023, Chinese automaker BYD introduced its self-developed chassis and suspension system. This strategic move highlights BYD's commitment to vertical integration and independence of key auto components. The new chassis and suspension system is expected to bring an enhanced driving experience, improved safety and greater efficiency to BYD's electric vehicle line, strengthening the company's position in the vehicle market global electricity.
  • In May 2022, Tenneco Inc. announced that the 2022 Mercedes-AMG SL-Class luxury sedan will be equipped with two of the latest smart suspension technologies from the Monroe Smart Suspension line. The new models will be offered with Tenneco's integrated or semi-active CVSA2/Kinetic suspension system.
  • In May 2022, ThyssenKrupp inaugurated a new technology center for the global development of heavy vehicle suspension products in Sao Paulo, Brazil, operated by the Springs & Stabilizers business unit. ThyssenKrupp has spring and stabilizer plants in Sao Paulo and Ibirité, producing springs and stabilizer bars for vehicles of various sizes, including cars, buses and trucks.