MRC Announces the Publication of its Research Report – Global Automotive Active Suspension System Market 2017-2021
MRC recognizes the following companies as the key players in the global automotive active suspension system market: BWI Group, Continental, Infineon Technologies, and ThyssenKrupp
Other Prominent Vendors in the market are: Magneti Marelli, Mando, and Lord.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is OEMs incorporating body control function with active suspension. The global automotive industry is witnessing integration of multiple systems that work in sync with vehicle's suspension system. Conventional suspension systems were primarily designed to eliminate the jerks caused by uneven roads and potholes. However, with improvements in the suspension system technology, OEMs have integrated multiple advanced settings that enhance the quality of ride and handling characteristics.”
MRC recognizes the following companies as the key players in the global automotive active suspension system market: BWI Group, Continental, Infineon Technologies, and ThyssenKrupp
Other Prominent Vendors in the market are: Magneti Marelli, Mando, and Lord.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is OEMs incorporating body control function with active suspension. The global automotive industry is witnessing integration of multiple systems that work in sync with vehicle's suspension system. Conventional suspension systems were primarily designed to eliminate the jerks caused by uneven roads and potholes. However, with improvements in the suspension system technology, OEMs have integrated multiple advanced settings that enhance the quality of ride and handling characteristics.”
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According to the report, one of the major drivers for this market is Superior riding quality, improved comfort, and smoother driving experience. The automotive suspension system industry is continuously witnessing advances in technologies and systems that improve the riding experience. Over the past decade, it has been discovered that customers are focusing more on a vehicle's comfort, convenience, and safety features. Players operating in the automotive suspension system industry invested heavily in the development of new technologies using their competitive abilities in ride-related technologies. As a result, the suspension system industry witnessed developments in the form of lightweight, continuously adjustable suspension technologies.
Further, the report states that one of the major factors hindering the growth of this market is Cost-intensive for manufacturers and expensive for end-users. The active suspension system involves advanced materials, parts, and components. The basic setup involves struts and control arms made of lightweight aluminum which adds to the rigidity and toughness of the vehicle. Other important components, such as springs and shocks, also involve advanced sheet metal work, which offers a balanced combination of ride and handling.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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