Automotive Suspension Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2020 – 2030
                     Automotiv
e 
Suspensio
n Market
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The Global 
Automotive 
Suspension Market
The Global Automotive Suspension Market was valued at 
US$ 43.03 billion in 2021 and is predictable to reach US$ 
57.56 billion by 2030 which is projected to attain a CAGR 
of 3.3% during the forecast period from 2021- 2030.
•Automotive suspension comprises a system of springs, shock absorbers, struts, 
control arms, and ball joints that connect the vehicle to the wheel and allow 
relative motion between the two. The camber of the wheel, castor of the hub, the 
toe of the vehicle, and kingpin inclination of the control arms all influence the 
geometry and system utilized to design suspension.
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Suspension System 
Assist
The growing need for vehicle comfort and safety, as well 
as the increasing adoption of air suspension systems in 
heavy commercial vehicles, are driving demand for 
automotive suspension.
•Suspension systems assist in maintaining the vehicle tires in contact with the 
road during the trip, reducing shocks, and protecting the vehicle and its cargo 
from damage or wear. Furthermore, it protects the car from high-frequency 
vibrations caused by tire excitation.
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Growing Sales of Electric vehicles
Growing Sales of Electric vehicles are anticipated to boost the market growth 
during the forecast period.
• Some of the primary factors fueling the adoption of electric vehicles are technological 
breakthroughs in EV charging and significant expenditures from automakers in EVs. 
Increased electric car sales are predicted to drive the market expansion for the 
automotive suspension market.
• However, the market growth is expected to be hampered by factors such as improved 
global vehicle regulations and the high maintenance costs of modern suspension 
systems.
• The passenger vehicle segment is expected to be the fastest expanding. Hence, the 
increase of the suspension system is proportional to the volume of passenger vehicles 
produced. Independent suspension systems have become more common in modern 
cars as the need for comfort and safety features has grown.
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Suspension is Crucial for 
Automotive Elegance and Comfort
• Suspension is crucial for automotive elegance and comfort, as well as reducing cabin 
vibrations. Traditional suspension components are made of steel or steel alloys, such as 
stainless steel and carbon steel. On the other hand, these materials are heavier and have 
a lower strength than other materials. Automotive lightweight materials such as 
aluminuim, carbon fibre, and titanium alloys have been produced for use in the 
manufacturing of suspension system components as a result of technological 
developments in the automotive industry. Furthermore, due to a surge in demand for 
fuel-efficient vehicles and the implementation of stringent vehicular emission regulations, 
automotive lightweight materials are expected to see widespread adoption in the 
automotive industry, providing a lucrative growth opportunity for the automotive 
suspension market in the upcoming years.
• The Asia Pacific has developed as a center for automobile production in recent years, 
owing to shifting customer preferences, increased per capita income of the middle-class 
population, and cost advantages for OEMs. Compact and cost-effective cars are popular 
among consumers in the region.
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Segmentation and Scope of the 
Global Automotive 
Suspension Market
By Components By Geometry
•Shock Dampener •Independent geometry
•Control Arms •Semi Independent
•Dependent geometry
•Air compressor
•Spring By Suspension Type
•Struts •Air Suspension
•Ball Joint •Hydraulic Suspension
•Leaf spring •Leaf Spring Suspension
By System
By Vehicle Type •Semi Active/Active System
•Passenger Cars •Passive System
•Two-wheeler
•Commercial Vehicle
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Key Market Players
Prominent players in the Global Automotive Suspension Market among other 
includes.
• Fox Factory Inc.
• Hendrickson Usa L.L.C.
• Mando Corporation
• Tenneco Inc.
• Zf Trw (Subsidiary of Zf Friedrichshafen Ag)
• Continental AG
• Gabriel India Limited
• Kyb Corporation
• Sogefi Spa
• Wabco
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