The suspension system market is estimated to grow at a CAGR of 5.32% by value from 2015 to 2020, growing from $52,667 Million in 2015 to $68,253 Million by 2020. North America is estimated to grow at a highest CAGR of 6.03% by volume over the projected period from 2015 to 2020. The market is anticipated to grow due to various reasons such as, the growing vehicle production specifically passenger cars, gradual narrowing of vehicle emission levels and increasing use of personal vehicles for daily activities in emerging economies is expected to grow the demand for these suspension systems in foreseeable future. Complete report on suspension system market spread across 176 pages, profiling 10 companies and supported with 68 tables and 60 figures is now available at http://www.rnrmarketresearch.com/suspension-system-market-by-system-passive-semi-active-active-damping-hydraulic-pneumatic-electromagnetic-architecture-dependent-semi-independent-independent-macpherson-strut-double-wishbone-vehicle-type-by-region-forecast-to-market-report.html .
The suspension system market research report classifies and defines the market size, in terms of volume and value. Market size, in terms of volume, is provided in thousand units from 2013 to 2020 while the market size by value is provided in terms of USD Million. The report also provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global automotive suspension system market. Apart from analyzing the quantitative aspects of these markets, the report also covers qualitative aspects, such as value chain analysis, and Porter’s five force analysis for the global automotive suspension system market.
The market is anticipated to grow due to various reasons such as, the growing vehicle production specifically passenger cars, gradual narrowing of vehicle emission levels and increasing use of personal vehicles for daily activities in emerging economies is expected to grow the demand for these suspension systems in foreseeable future.
The automotive suspension system market is anticipated to see a considerable growth in countries such as China, India, Mexico, and Spain. Due to the stringent emission regulations and fuel efficiency standards enforced by the different legislative bodies across the globe, therefore it has forced all the OEMS to look for altered solutions to achieve the same. Thus, the semi-active/active systems were developed, which are lighter in weight, smaller in size, and high on performance, and driving the demand for advanced automotive suspension systems.
The automotive suspension system market is dominated by a few major players such as, ZF Friedrichshafen AG (Germany), Tenecco Inc. (U.S), KYB Co. Ltd (Japan), Continental AG (Germany) and MagnetiMarelli S.p.A (Italy). The key strategies adopted by these key market players are geographic expansion, mergers & acquisitions, and new product development. Priced at $4650 for a single user PDF, Inquire Before Buying on “Suspension System Market by System (Passive & Semi-Active/Active), Damping (Hydraulic/Pneumatic & Electromagnetic), Architecture (Dependent & Semi-Independent/Independent, Macpherson Strut & Double Wishbone), Vehicle Type, & by Region - Forecast to 2020” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=409188 .
On a related note, another research titled Electric Vehicle Charging Stations Market Global Trend and Forecast to 2022 says, the electric vehicle charging stations market is expected to grow at a CAGR of 29.8% between 2016 and 2022 and estimated to reach USD 12.61 billion by 2022. Americas to be the fastest growing market for electric vehicle charging stations during the forecast period. Companies like ABB Ltd. (Switzerland), Aero Vironment Inc. (U.S.), ChargePoint Inc. (U.S.), Delphi Automotive Plc.(U.K.), Eaton Corp. Plc. (Republic of Ireland),Elektromotive Limited (U.K.),GE Company (U.S.), Pod Point Ltd. (U.K.), Schneider Electric SE (France), SemaConnect Inc. (U.S.), Siemens AG (Germany), and Tesla Motors Inc. (U.S.) have been profiled in this 146 pages research report available at http://www.rnrmarketresearch.com/electric-vehicle-charging-stations-market-by-charging-station-ac-charging-station-dc-charging-station-inductive-charging-station-connector-type-chademo-ccs-others-location-public-private-and-geography-st-to-2022-market-report.html .
Explore more reports on Automotive & Transportation market at http://www.rnrmarketresearch.com/reports/automotive-transportation .
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