Global Automotive Suspension Systems Market 2022 | Business Overview And Forecasts
Automotive Suspension Systems Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the automotive suspension systems industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected automotive suspension systems market growth numbers from 2022-2031.
The global automotive suspension systems market size is expected to grow from $56.87 billion in 2021 to $59.17 billion in 2022 at a compound annual growth rate (CAGR) of 4.05%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global automotive suspension system market share is expected to reach $69.78 billion in 2026 at a CAGR of 4.21%.
The Automotive Suspension Systems Global Market Report 2022-31 by The Business Research Company evaluates automotive suspension systems market size, growth rate, drivers, automotive suspension systems industry trends, and major companies.
The automotive
suspension systems market segments in the report are:
1) By Type:
Passive Suspensions Systems, Semi-Active Suspensions Systems, Active
Suspensions Systems
2) By Component:
Coil Spring, Leaf Spring, Air Spring, Shock Absorbers, Others
3) By Application: Passenger Vehicles, Commercial Vehicles
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