Automotive Adaptive Suspension System Market Driven by Growing Demand for Passenger Comfort
The global automotive
adaptive suspension system market is expected to exhibit a strong 6.12%
CAGR over the forecast period, according to the latest research report from
Market Research Future (MRFR). The global automotive adaptive suspension system
market is studied in great detail in the latest report from Market Research
Future (MRFR), which includes a detailed analysis of the market’s historical
growth trajectory and present condition. Major trends operating in the global
automotive adaptive suspension system market are examined in the report.
Based on this
information, accurate and reliable projections for the market’s likely growth
trajectory over the forecast period till 2022 are presented in the report.
Leading drivers and restraints operating on the global automotive adaptive
suspension system market are examined in the report. The impact of these major
drivers and restraints on the global automotive adaptive suspension system
market is examined in detail in the report.
Thus, the major
factors enabling the market’s growth are enlisted and profiled in the report.
Leading players operating in the global automotive adaptive suspension system
market are also profiled in the research report. The competitive landscape of
the global automotive adaptive suspension system market is thus examined in
detail in the report. The report also examines the impact of the COVID-19
pandemic on the global automotive adaptive suspension system market.
Get
A Free Sample Report of Automotive Adaptive Suspension System Market
The growth of
the automotive industry in recent years has been a massive driver for the
global automotive adaptive suspension system market. Growing demand for
passenger as well as commercial vehicles has driven the demand for automotive
adaptive suspension systems in recent years. The growing passenger car
industry, in particular, has been a major driver for the automotive adaptive
suspension system market, as passenger cars need to be more refined than
commercial vehicles in terms of passenger comfort. The growing demand for
consumer safety and comfort in passenger vehicles is likely to remain a major
driver for the automotive adaptive suspension system market over the forecast
period.
Adaptive
suspension systems adjust the suspension systems in accordance with an onboard
computer to make the ride smoother. This results in considerably better
performance in terms of passenger comfort in comparison to passive suspension
systems. This has led to a growing demand for automotive adaptive suspension
systems.
The growing
automotive industry is likely to remain a major driver for the global
automotive adaptive suspension system market over the forecast period. The
increasing disposable income of consumers in emerging regions such as Asia
Pacific, the Middle East, and Latin America has led to a growing demand for
passenger cars in these regions. This has been a major driver for the demand
for various automotive components, including suspension systems. Growing
automotive manufacturing in Asia Pacific is likely to be a major driver for the
global automotive adaptive suspension system market over the forecast period.
Competitive Leaderboard:
Leading players
in the global automotive adaptive suspension system market include Eaton
Corporation plc, BWI Group, LORD Corporation, Porsche Cars North America Inc.,
Hitachi Automotive Systems Ltd., Magneti Mirelli SpA, Daimler AG, ZF Sachs AG,
Quanser Inc., and Bose Corporation.
Segmentation:
The global
automotive adaptive suspension system market is segmented on the basis of type,
actuation type, vehicle type, and region.
·
By type, the global automotive
adaptive suspension system market is segmented into semi-active suspension
system and active suspension system.
·
By actuation type, the global
automotive adaptive suspension system market is segmented into hydraulic
system, electromagnetic systems, solenoid valve systems, and others.
·
By vehicle type, the global
automotive adaptive suspension system market is segmented into passenger cars
and commercial vehicles.
Regional Analysis:
North America is
expected to be the largest regional market for automotive adaptive suspension
systems over the forecast period, followed by Europe. The growing demand for
luxury vehicles in North America is likely to be a major driver for the
regional market for automotive adaptive suspension systems, while the strong
presence of several automotive giants in Europe is the major driver for the
automotive adaptive suspension system market there.
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