Home Automotive and Transportation Automotive Suspension Market Size, Share & Analysis Report [2031]

Automotive Suspension Market Size & Outlook, 2023-2031

Automotive Suspension Market Size, Share & Trends Analysis Report By System (Passive System, Semi-Active/Active System), By Component (Spring, Shock Dampener, Struts, Control Arms, Ball Joint, Air Compressor, Leaf Spring), By Geometry (Dependent, Semi-Dependent, Independent), By Suspension type (Hydraulic Suspension, Air Suspension, Leaf Spring Suspension), By Vehicle Type (Two-Wheeler, Passenger Cars, Commercial Vehicles) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRAT55712DR
Last Updated : Dec, 2023
Pages : 110
Author : Abhijeet Patil
Format : PDF, Excel

Research Methodology – Automotive Suspension Market

At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Automotive Suspension Market comprises the following key stages:


Market Indicator & Macro-Factor Analysis

Our baseline thesis for the Automotive Suspension Market is developed by integrating key market indicators and macroeconomic variables. These include:

Factors considered while calculating market size and share

  • Volume of sales from automotive suspension manufacturers
  • Market penetration rate of different types of suspension systems like passive, semi-active, active
  • Growth rate of vehicle production globally and regionally
  • Overall growth rate of the automotive industry
  • Number of vehicles in use that uses different types of suspension systems
  • Rate of replacements of suspensions in both new and used cars
  • Pricing patterns of different suspension types
  • Consumer preferences regarding vehicle comfort and performance
  • Government regulations and norms impacting vehicle designs and safety

Key Market Indicators

  • Automotive production levels
  • Suspension replacement rates
  • Research and development investment in new suspension technologies
  • Growth rate of luxury and high-performance vehicle sales
  • Prevalence of off-road and sports vehicles
  • Rate of electrification in the automotive industry
  • Penetration of advanced materials for lightweight, high strength suspensions

Growth Trends

  • Increase in consumer demand for comfortable and high-performance vehicles
  • Implementation of advanced materials for lightweight suspensions
  • Growth in electrification and autonomous driving
  • High demand for replacements and upgrades in the aftermarket
  • Increasing investment in R&D for advanced suspension systems
  • Impact of changing government regulations on emissions and safety

Secondary Research

Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Automotive Suspension Market. Key inputs include:

Company-Level Information
  • Annual reports, investor presentations, SEC filings
  • Company press releases and product launch announcements
  • Public executive interviews and earnings calls
  • Strategy briefings and M&A updates
Industry and Government Sources
  • Country-level industry associations and trade bodies
  • Government dossiers, policy frameworks, and official releases
  • Whitepapers, working papers, and public R&D initiatives
  • Relevant Associations for the Automotive Suspension Market
Market Intelligence Sources
  • Broker reports and financial analyst coverage
  • Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
  • Import/export trade data and tariff databases
  • Sector-specific journals, magazines, and news portals
Macro & Consumer Insights
  • Global macroeconomic indicators and their cascading effect on the industry
  • Demand–supply outlook and value chain analysis
  • Consumer behaviour, adoption rates, and commercialization trends

Primary Research

To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:

Expert Insights & KOL Engagements
  • Key Opinion Leader (KOL) Engagements
  • Structured interviews with executives, product managers, and domain experts
  • Paid and barter-based interviews across manufacturers, distributors, and end-users
Focused Discussions & Panels
  • Discussions with stakeholders to validate demand-supply gaps
  • Group discussions on emerging technologies, regulatory shifts, and adoption barriers
Data Validation & Business POV
  • Cross-verification of market sizing and forecasts with industry insiders
  • Capturing business perspectives on growth opportunities and restraints

Data Triangulation & Forecasting

The final step of our research involves data triangulation ensuring accuracy through cross-verification of:

  • Demand-side analysis (consumption patterns, adoption trends, customer spending)
  • Supply-side analysis (production, capacity, distribution, and market availability)
  • Macroeconomic & microeconomic impact factors
Forecasting is carried out using proprietary models that combine:
  • Time-series analysis
  • Regression and correlation studies
  • Baseline modeling
  • Expert validation at each stage

Outcome

The outcome is a comprehensive and validated market model that captures:

  • Market sizing (historical, current, forecast)
  • Growth drivers and restraints
  • Opportunity mapping and investment hotspots
  • Competitive positioning and strategic insights

Available for purchase with detailed segment data, forecasts, and regional insights.

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