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Suspension Systems 2017-2023: World Market Driven by Rising Demand for Luxury & Comfort and Regenerative Suspension Systems for Electric & Hybrid Vehicles – ResearchAndMarkets.com

The “Suspension
System – Global Market Outlook (2017-2023)” report has been
added to ResearchAndMarkets.com’s offering.

The Global Suspension System Market is accounted for $55.1 billion in
2016 and is expected to reach $91.68 billion by 2023 growing at a CAGR
of 7.5% during the forecast period.

Factors such as rising demand for luxury & comfort and regenerative
suspension systems for electric & hybrid vehicles and rising vehicle
fabrication are fueling the market growth. However, high expansion &
implementation price of superior suspension systems affecting the growth
of the market. One of the major opportunities in the market is advanced
suspension systems for hybrid and electric vehicles.

By Component, air compressor is a machine that transforms power into
potential energy reserved in pressurized air. By Geography, Asia Pacific
is expected to grow at the highest CAGR during the forecast period
attributed to the increasing demand for advanced suspension systems.
There is growing demand for advanced automotive suspension systems in
emerging countries of Asia pacific such as India and China.

What the report offers:

Segments Covered

Components

Damping Types

Architectures

Vehicle Types

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Suspension System Market, By Component

6 Global Suspension System Market, By Damping Type

7 Global Suspension System Market, By Architecture

8 Global Suspension System Market, By Vehicle Type

9 Global Suspension System Market, By Geography

10 Key Developments

11 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/research/l64s7t/suspension?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005487/en/