How big is the Automotive Suspension System Market?

The Automotive Suspension System Market size is expected to reach USD 38.97 billion in 2024 and grow at a CAGR of 6.15% to reach USD 45.67 billion by 2029. Read More

What is the current Automotive Suspension System Market size?

In 2024, the Automotive Suspension System Market size is expected to reach USD 38.97 billion. Read More

Who are the key players in Automotive Suspension System Market?

Continental AG, thyssenkrupp AG, Marelli Holdings Co., Ltd., Mando Corporation and ZF Friedrichshafen AG are the major companies operating in the Automotive Suspension System Market. Read More

Which is the fastest growing region in Automotive Suspension System Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Suspension System Market?

In 2024, the Asia-Pacific accounts for the largest market share in Automotive Suspension System Market. Read More

What years does this Automotive Suspension System Market cover, and what was the market size in 2023?

In 2023, the Automotive Suspension System Market size was estimated at USD 36.57 billion. The report covers the Automotive Suspension System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Suspension System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Suspension System Market Share

Statistics for the 2023 & 2024 Automotive Suspension System market share, created by Mordor Intelligence™ Industry Reports. Automotive Suspension System share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Suspension System Industry

The automotive suspension system market is moderately consolidated, with leading players, such as Continental AG, Mando Corporation, ZF, Magneti Marelli, ThyssenKrupp AG, and Mando Corporation, accounting for a major market share. Product innovation and geographic expansion to new markets will play a major role in the success of any player in the automotive suspension market.

In October 2023, McLaren Automotive appointed Monroe as its exclusive suspension supplier. This partnership aims to enhance McLaren's high-end vehicles' performance and driving experience. Monroe, a leading suspension technology company, will provide McLaren with custom-engineered suspension components and systems that cater to the unique requirements of McLaren's sports cars. This collaboration is expected to strengthen both companies' presence in the premium automotive market and contribute to the ongoing development of innovative suspension technologies.
In August 2023, BWI Group and Clearmotion formed a strategic partnership to develop and grow their active suspension business. This collaboration aims to combine BWI Group's expertise in chassis systems and Clearmotion's advanced active suspension technology, resulting in innovative solutions for improved vehicle ride and handling. This joint effort showcases both companies' commitment to innovation and shared vision for the future of active suspension systems.
In January 2022, ZF Friedrichshafen AG launched a commercial vehicle division named Commercial Vehicle Solutions, which makes the company the largest commercial vehicle supplier in the automotive industry.