London, 01 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Automotive Suspension Systems Market 2014-2018, which is expected to grow at a CAGR of 5.97 percent from 2013-2018.
An automotive suspension system is an assembly of springs, shock absorbers, and linkages that connects a vehicle to its wheels. The Global Automotive industry is constantly evolving because of advances in technology, increasing urbanization, and changing consumer preferences. Automobiles are now designed to use electromagnetic suspension systems instead of leaf springs suspension systems. These systems ensure proper automobile handling and braking for the safety of passengers, and a comfortable driving experience.
Key Market Drivers
- Strong Automobile Production
- Ride Comfort
- Fuel Economy
Key Market Trends
- Innovative Technology
- Increase in Demand from Emerging Markets
- Long Life and Low Maintenance
- Strategic Partnerships
“The latest development in the suspension system field is electronically controlled advanced suspension systems,” says Faisal Ghaus, Vice President of TechNavio.
“They enhance vehicle stability, ride quality, and road handling. The materials used in these systems are lightweight and facilitate the reduction of carbon dioxide emissions.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
