Automotive Suspension Market Trends and Projections for $51.6 Billion Revenue by 2027
The global automotive suspension market size was valued at USD 45.3 billion in 2022 and is expected to reach USD 51.6 billion by 2027, at a CAGR of 2.6% during the forecast period 2022-2027. The demand for automotive suspension is driven by the increase in demand for vehicle comfort and safety and the increasing adoption of air suspension systems in HCVs.
Active suspension – the fastest growing...
Automotive Suspension Market Estimated to Hit $51.6 Billion by 2027
The global automotive suspension market is expected to grow from $45.3 billion in 2022 and is projected to reach $51.6 billion in 2027, at a CAGR of 2.6% during the forecast period. The demand for automotive suspension is driven by the increase in demand for vehicle comfort and safety and the increasing adoption of air suspension systems in HCVs.
Active suspension – the fastest growing suspension...
Automotive Suspension Market Boosting the Growth, Dynamics Trends, Efficiencies Forecast to 2026
The Automotive Suspension Market is projected to grow from USD 42.9 billion in 2021 to USD 50.7 billion by 2026, at a CAGR of 3.4% during the forecast period. Automotive OEMs are investing in R&D activities to introduce innovative suspension systems to enhance ride comfort. For example, in August 2020, ZF Friedrichshafen designed air suspension with ECAS technology to address issues...
Automotive Suspension Market worth $50.7 billion in 2026
The Automotive Suspension Market is projected to grow from USD 42.9 billion in 2021 to USD 50.7 billion by 2026, at a CAGR of 3.4% during the forecast period. Automotive OEMs are investing in R&D activities to introduce innovative suspension systems to enhance ride comfort. For example, in August 2020, ZF Friedrichshafen designed air suspension with ECAS technology to address issues such as...
Automotive Suspension Market Projected To Witness Vigorous Expansion By 2026
The Automotive Suspension Market is
projected to grow from USD 42.9 billion in 2021 to USD 50.7 billion by 2026, at
a CAGR of 3.4% during the forecast period. Automotive OEMs are investing in
R&D activities to introduce innovative suspension systems to enhance ride
comfort. For example, in August 2020, ZF Friedrichshafen designed air
suspension with ECAS technology to address issues such as higher...