Global Suspension Tuning Market Forecast to 2030

Global Suspension Tuning Market, the most recent market research study from Emergen Research, offers an estimated market size and share, recent industry trends, global market growth rates, key drivers and opportunities, challenges, product segmentation, and major market players. Price structure, market size, level of competition, product line and specifications, and company biographies.

According to the most recent analysis by Emergen Research, the global suspension tuning market had a value of USD 42.90 billion in 2021 and is anticipated to grow at a 3.1% revenue CAGR over the projected period. Substantial improvements in already-existing vehicle technology and sizable expenditures made by well-known market players are the main factors fueling industry revenue growth.

Suspension tuning is a demanding process that entails altering numerous internal suspension system parts to boost a car's performance. In order to travel more smoothly over obstacles, off-road vehicles, for instance, are often tuned to have longer suspension and wider tyres. On the other hand, low-riders typically have hydraulic suspensions installed, which enable fast adjustments to the height of each wheel. Another approach to adjust a vehicle's suspension to create better balance is by installing stiffer and sway bars, which operate like stiffer springs to improve cornering and handling. Furthermore, strut bars can be included to increase body rigidity and help maintain proper suspension when cornering. Further modifying the suspension can be accomplished by independently changing the front and rear axles.

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Suspension Tuning market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

Continental AG, FOX Factory, Inc., ANAND Group India, Hendrickson USA, L.L.C., KYB Corporation, Mando Corporation, Sogefi SpA, Tenneco Inc., ZF Friedrichshafen, Duroshox, Hitachi Astemo Americas, Inc., and Marelli Holdings Co., Ltd

Research Report on the Suspension Tuning Market Addresses the Following Key Questions:

• Who are the dominant players of the Suspension Tuning market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Suspension Tuning market?
• What are the key growth drivers and restraining factors of the Suspension Tuning market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Suspension Tuning market and its key segments?

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Some Key Highlights From the Report

• The air suspension segment accounted for a significant revenue share in 2021. Increasing demand for suspension systems that aid in providing added stability, particularly during heavy-duty driving, is a key factor driving growth in this segment. In addition, increasing demand for air suspension can be attributed to its ability to reduce harshness and vibration. Furthermore, air suspension systems compensate for road potholes, uneven surfaces, and speed bumps by allowing vehicles to glide easily over the road surface.
• The shock absorber segment accounted for a significant revenue share in 2021. Increasing consumer demand for electric and self-driving vehicles in various regions is a key factor driving this segment's growth. Electric vehicles are powered and accelerated by renewable energy sources. As a result, Original Equipment Manufacturers (OEMs) are investing heavily in shock absorbing technologies that aid in converting kinetic energy and heat generated by conventional shock absorbers and effectively converting it into electricity. This improves vehicle's performance while also increasing its mileage. Furthermore, rising demand for shock absorbers can be attributed to various cost-effective products offered by aftermarket providers. Factory shock absorbers are typically set up for stock ride height, which can be an issue when taking vehicles off-road. However, aftermarket shock absorbers give users more wiggle room when cruising over rocks and trees.
• The commercial vehicles segment accounted for a moderate revenue share in 2021. Rising partnerships and greater emphasis on optimizing vehicle performance are important factors driving this segment's revenue growth. Commercial vehicles are an essential part of today's transportation network, accounting for vast majority of freight transport worldwide. As a result, demand for improved ride comfort and safety in these vehicles is critical. In addition, major automotive manufacturers are making significant investments to improve vehicle stability. Moreover, OEMs are focusing on developing suspension parts that are more reliable and last longer.
• The aftermarket segment accounted for a moderate revenue share in 2021. Increasing demand for low-cost suspension system components is a major factor driving this segment's revenue growth. For example, suspension components, such as shock absorbers, are in high demand. In any driving situation, aftermarket shock absorbers improve handling at high speeds. In addition, majority of shock absorbers in the market are adjustable. As a result, user can tune according to their preferences. Moreover, high-quality aftermarket shocks may be more durable than stock shocks.
• The Europe market accounted for second-largest revenue share in 2021. Stringent vehicle safety regulations enacted by governments in various countries is a crucial factor driving market growth in this region. Suspension tuning excels in improving vehicle safety and enables drivers as well as passengers to enjoy the ride more comfortably. Germany accounted for largest regional share due to increasing prevalence of prominent automotive manufacturers such as Audi, BMW, Mercedes, and others. These manufacturers are increasingly incorporating high-performance and advanced suspension systems to improve their vehicle performance and also offer their prospective consumers various customization options.

Market Overview:

The report bifurcates the Suspension Tuning market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Architecture Outlook (Revenue, USD Billion; 2019-2030)
• Double Wishbone Suspension
• Multi-Link Suspension
• Rigid Axle Suspension
• Macpherson Suspension
• Air Suspension
• Others

• Component Outlook (Revenue, USD Billion; 2019-2030)
• Spring
• Shock Absorber
• Strut
• Control Arm
• Rubber Bushing
• Leaf Spring
• Sway Bar
• Ball Joint

• Vehicle Type Outlook (Revenue, USD Billion; 2019-2030)
• Luxury Cars
• Commercial Vehicles
• Sports Cars
• Passenger Vehicles

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Regional Landscape section of the Suspension Tuning report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

How will this Report Benefit you?

A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Suspension Tuning market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Suspension Tuning with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.

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