Research and Markets: Global Automotive Suspension Systems Market 2014-2018: Vehicle Type (Passenger Car, LCV HCV), System Type (Passive Semi-Active/Active) Damping Type (Hydraulic Electromagnetic)

Research and Markets: Global Automotive Suspension Systems Market 2014-2018: Vehicle Type (Passenger Car, LCV HCV), System Type (Passive Semi-Active/Active) Damping Type (Hydraulic Electromagnetic)

Australian Business

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/95r2tc/automotive) has announced the addition of the "Global Automotive Suspension Systems Market 2014-2018: Vehicle Type (Passenger Car, LCV & HCV), System Type (Passive & Semi-Active/Active) & Damping Type (Hydraulic & Electromagnetic)" report to their offering.

The automotive suspension systems market is estimated to reach $66.2 billion by 2018, with a projected CAGR of 5.72%, indicating the potential growth in the automotive industry

The key factors responsible for driving the demand for suspension systems are the increasing vehicle production levels and their growing demand mainly in the BRICS nations, growing importance for ride control performance in vehicles, and increasing concern towards emissions and fuel economy standards. The fuel efficiency of a vehicle depends on the weight of the systems equipped in the vehicle. Also, depending upon the vehicle class and the type of systems employed, the size of these suspension systems also change. Suspension systems, which are high in performance and at the same time are lightweight with smaller packaging, are the future of the industry.

The automotive suspension systems market is estimated to be led by Asia-Pacific, mainly due to the growing vehicle production levels in the countries of China and India. The top industry manufacturers have set up their plants in these countries in order to meet the growing demand. The region is expected to continue its reign in the global market in the next five years as well. The present day consumers are concerned about the comfort levels and safety of the vehicle. The suspension systems form a very essential component in the vehicle, which help in protecting the vehicle chassis, provide comfort and safety to the passengers, and at the same time also help in reducing vehicle emissions. Hence, the automobile manufacturers are relying on high performance and high efficiency systems to meet the customer expectations.

Scope

Vehicle Type

System Type