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The global automotive suspension systems market is skyrocketing and is to be valued at US$ 62 Billion in 2022, forecast to grow at a stable CAGR of 4.36% to be valued at US$ 95 Billion from 2022 to 2032.

Key Takeaways

Suspensions are vital for good ride quality and automobile handling control. A comfortable ride promotes convenience for passengers, prevents cargo damage, and decreases driver fatigue on extended voyages. Attributing to such crucial factors are resulting in surging sales of automotive suspension systems in the global market.
Since cars with firm suspension may result in better control of body motions and faster reflexes, it is increasingly becoming a crucial part of an automobile. Ambulances require improved vehicle suspension to minimize further damage to already unwell passengers. Such factors have increased the desire for greater driving comfort, which has benefited the worldwide automotive suspension systems market's development.
The SUV market has seen reasonable growth in recent years. Due to the cheap cost, small size, modern designs, and superior agility, the SUV & sub-compact SUV industry has seen significant expansion in nations such as the United States, China, India, and Mexico. The excessive use of multilink suspensions is witnessed in the market. The lower cost of multilink suspension and the simplicity of modification has expanded the use of multilink suspension in mid- to high-segment vehicles.
There is a multilink suspension seen in SUVs including Kia Sport, Volkswagen Tiguan, and Mahindra Scorpio. Throughout the projection period, the global automotive suspension systems market is predicted to increase at a pace of 4.36%. SUVs often have independent suspension at both the front and back wheels. As a result, the urge for independent suspension systems is growing.
At present, air suspensions are preferred more than leaf springs as it delivers optimum comfort and elegance to passengers. As a result, the growing demand for comfort and luxury is driving up demand for automotive suspension systems throughout the world.
Increasing urbanization, technical advances, and shift in purchasing habits are all contributing to the expansion of the automotive sector. Meticulous research and developments are assisting in updating the present automotive suspension systems in order to improve the ride quality and road holding capabilities of the vehicle.

The suspension system of an automobile consists of springs, structs, ball joints, shock absorbers, and control arms that help connect the vehicle to the wheel and allow relative motion between the two. The geometry and method used to design suspension are determined by the camber of the wheel, the castor of the hub, the toe of the vehicle, and the kingpin inclination of the control arms.

Suspensions are considered an important part of an automobile because it helps to keep the vehicle's tires in touch with the road during the trip, protecting the vehicle and reducing shocks along with protecting its cargo from damage or wear. In addition to that, it isolates the car from high-frequency vibrations caused by tire excitation.

Competitive Landscape

The Benteler Group, Continental AG, KYB Co., Ltd., Magneti Marelli S.p.A., Mando Corporation, Schaeffler AG, Tenneco Inc., TRW Automobile Holdings Corporation, WABCO Holdings Inc., ZF Friedrichshafen AG are some of the key companies profiled in the full version of the report.

There are various players in the market for automotive suspension systems. The automotive suspension systems industry is extremely competitive, with competitors vying to increase their market share. Product innovation and regional growth into new markets will be critical to the success of any automotive suspension systems industry participant.

For more information: https://www.futuremarketinsigh....ts.com/reports/autom
More Insights into the Automotive Suspension Systems Market

The Asia Pacific region is the largest manufacturer of automotive suspension systems. As per FMI reports, China is anticipated to maintain the dominant position in the automotive systems market during the projection period.

Owing to the surging demand for luxury vehicles, Asia Pacific becomes one of the leading manufacturers of fuel-efficient automobiles in the world. OEMs have begun to invest in and develop innovative automotive technology. Even though Japan and South Korea are technological leaders, India and China produce the most vehicles in the Asia Pacific.

Owing to the changing customer tastes, in recent years, have led to the rise in the per capita income of the middle-class population, and cost benefits for OEMs. Due to these factors, Asia Pacific has emerged as a center for automobile production in recent years.

Consumers in the region choose small and low-cost vehicles. Because of the simple availability of labor, safety standards, and government incentives for FDIs, the area has seen faster expansion than the developed markets of Europe and North America.

China was estimated to be the world's largest automobile market in 2020 and will continue to be the primary driver of regional sales in the Asia Pacific. Attributing to the country's impeccable vehicle penetration rates and its rapidly developing replacement market, China is leading the global market as its basic demand for new automobiles remains high.

As per FMI, the European market is showcasing lucrative growth opportunities as Germany and the U.K. have all seen rapid expansion in the automobile sector during the previous decade.

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The automotive sensor market demand will continue rising through 2021 with worldwide demand projected to increase by 5.5% year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of 7.2%, as the automotive production recovers after bucking skepticism about how the market would perform post pandemic.

NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH are identified as leading players in automotive sensor market. They will collectively account for nearly 30% of global market share in 2021.

Auto theft has emerged as a serious problem across the globe. According to a report by the National Insurance Crime Bureau, auto theft grew by 9.2% year-on-year in U.S. reaching 873,080 cases in 2020. To tackle this issue, automakers are installing modern anti-theft sensors in economic and budget cars. This development will fuel the demand for automotive sensors in upcoming years.

Advancement in the field of transport management system and incorporation of smart sensors in advanced driver-assistance systems will create attractive prospects for the expansion of the market.

Truck platooning is an emerging area of application for automotive sensors. In truck platooning, automated driving support and connectivity technology work in sync and are controlled by central operating system. All trucks are connected to leader trucks and rest of platoon adapts their movement according to leader truck. This will increase ADAS penetration in trucks.

Governments in developed economies are mandating the installation of safety sensors in passenger and commercial vehicles to curb the rise in number of road accidents and related fatalities. This will significantly contribute to the overall growth of the automotive sensors market.

Manufacturers are working towards avoiding overheads by reducing the number of product recalls and satisfy consumer demand of modern warning alert system and safety feature in compact cars.

Advancement in the crash prevention technologies like vehicle-to-vehicle communication, traction control system, active kinematics control with integrated brake control, and automated braking system will boost demand for automotive sensor in upcoming years.

For more information: https://www.futuremarketinsigh....ts.com/reports/autom
Key Takeaways from FMI’s Automotive Sensor Market Study

Driven by increasing sales of electric vehicles and presence of leading original equipment manufacturers in U.S., North America market will expand at 4.7% CAGR over the forecast period.
European automotive sensor market will grow at a healthy CAGR of 6.5% backed by increasing demand of European luxury cars across the globe and rising production of electric cars in the region.
Japan and South Korea will collectively account for around 9.1% of global market share in 2021. Surge in research and development activities in these countries towards miniaturization of automotive sensors will drive the market growth in these countries.
India will offer lucrative opportunities for market growth, as it is the fastest growing economy in the world. Increasing demand for passenger cars and rise in consumer spending on enhanced safety features will boost the sales of automotive sensors in India.
Safety sensor is the fastest growing sensor type segment owing to imposition of stringent vehicle and driver safety regulation and increasing demand for luxury and convenience in automobiles.
“Increasing investment in automating vehicles and installing smart technologies in critical safety systems to improve safety standards will boost the demand of automotive sensors in the forthcoming years,” says the FMI analyst.

For instance, in July 2021, Samsung launched its first ISOCELL image sensor specifically designed for automotive applications. Samsung aims at becoming global leader in image sensor sector and capture maximum market share in upcoming years.

In 2020, AMS introduced two new position sensors the AMS AS5147U and the AS5247U for high-speed electric motors to promote car electrification initiative. These new position sensors are expected to reduce the system cost and boost the electrification of critical vehicle functions like as power steering, active damper control, and braking.

Bridgestone recently developed new “Smart Strain Sensor” technology for autonomous vehicles integrated with next-gen internet of things (IoT) capabilities.

Prominent players operating in the automotive sensor market are:-

NXP Semiconductors N.V.
TE Connectivity
Continental AG
Denso Corporation
Robert Bosch GmbH.

The global marine lubricants market size is anticipated to reach USD 9.47 billion by 2026 owing to the increasing need to protect engines from corrosion. This information is provided by a published report by Fortune Business Insights™. The title of the report is, “Marine Lubricants Market Size, Share & Industry Analysis, By Product (Marine Cylinder Oil, Piston Engine Oil, System Oil, and Others; By Ship Type (Bulk Carrier, Oil Tankers, General Cargo, Container Ships, Others), and Regional Forecast, 2019-2026.” As per this report, the market value was USD 8.01 billion in 2018 and will rise at a CAGR of 2.13% during the forecast period, 2019 to 2026.

The report provides a 360-degree overview of the market, focusing on major growth parameters such as drivers, restraints, challenges, trends, and opportunities. It also offers the competitive landscape of the market and list of leading players. Segmentation of the market based on factors such as product, ship type, and regions is discussed in the report. Apart from this, key industry developments and other interesting insights are provided in the marine lube market report. The report is available for sale on the company website.

Information Source

https://www.fortunebusinessins....ights.com/industry-r

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During the projection period, a strong 4.5% CAGR is predicted for demand in the automotive window regulator market. According to Future Market Insights (FMI), the market will be worth more than $21.2 billion in 2031.

Increasing shifts of global automobile manufacturers toward imparting a number of automated features into vehicles has led to many developments automation of vehicles. Manual window regulators being replaced by automated ones has become a common sight in current automotive world.

An automotive window regulator is a mechanism that controls the movement of a car's windows, allowing them to be raised or lowered. It typically consists of a motor, gears, cables, and a track or rail system that guides the window up and down.

In most modern vehicles, the window regulator is powered by an electric motor, which is controlled by a switch on the door panel. When the switch is pressed, it sends a signal to the motor, which then engages the gears and cables to move the window up or down.

Window regulators can fail over time due to wear and tear or damage. Common symptoms of a failing window regulator include slow or erratic movement of the window, unusual noises when the window is being raised or lowered, or the window getting stuck in the up or down position.

APEJ will Remain Largest Market for Automotive Window Regulators

In terms of volume, Asia Pacific Excluding Japan (APEJ) is projected to remain the largest market for automotive window regulator, expanding at 4.4% CAGR during the forecast period. Sales of automotive window regulator in APEJ will reach 211,633 thousand units in 2017; by 2027 this number is estimated to surpass 300,000 thousand units.

In addition, Middle East & Africa (MEA) is expected to be second-most lucrative region in the market by 2027-end. MEA market for automotive window regulator is projected to exhibit 4.3% CAGR through 2027.

OEM will remain the preferred sales channel in the market, in terms of volume. Global sales of automotive window regulator through OEM is estimated to reach nearly 500,000 units by 2027-end. In terms of volume, OEM and Aftermarket sales channels are projected to witness parallel expansion at 3.3% CAGR during the forecast period.

Aftermarket sales channel is expected to hold low market share by 2027. This is primarily attributed to low breakdown rate, replacement rate and consumer preference to stick to default automotive window regulator present in the vehicle.

Passenger Cars to Exhibit Highest Demand for Automotive Window Regulators by 2027-end

Adoption of automotive window regulator is expected to remain highest in passenger cars, based on vehicle type. Demand for automotive window regulator in passenger cars is expected to reach 530,539 thousand units by 2027-end. In contrast, HCVs are estimated to exhibit lowest demand for automated window regulator during the forecast period.

By construction, cable type automated window regulators will remain preferred in the market. In terms of volume, demand for double rail cable is projected to grow at 3.9% CAGR through 2027.

On the basis of product type, automated window regulators will remain dominant in the market, with their sales projected to exceed 500,000 thousand units by 2027-end. This is attributed to functionality and lightweight characteristics offered by automated window regulators.

For more information: https://www.futuremarketinsigh....ts.com/reports/autom

In contrast, manual window regulators will witness a sluggish growth in sales during the forecast period. Frequent wear & tear off and complex structure of manual window regulators will impede their demand growth.

Increasing Demand for Personal Vehicles to Sustain Market Growth in APEJ

India and China are prominent markets for car manufacturers owing to growing population and increasing need for personal vehicles. In addition, many banks and financial institutes are offering various loan schemes, making it easy for people to own a car. These factors are expected to sustain market growth in APEJ. In contrast, people in this region are shifting toward power window regulator, owing to their better functionality. This is estimated to restrain growth of the market in APEJ.

Demand for aftermarket is witnessing a surge in MEA, owing to absence of manufacturing plants in this region. GCC countries import cars form other regions for sale. Increasing consumer dependence on aftermarket is projected to fuel market growth in MEA. In contrast, factors such as political unrest and sluggish demand for automotive industry are expected to impede market growth in MEA during the forecast period.

Key market players identified in FMI’s report include:

Brose Fahrzeugteile GmbH & Co.KG, Grupo Antolin Irausa S.A., Hi-Lex Corporation, Imasen Electric Industrial Co. Ltd., Valeo SA, Magna International Inc., Shiroki Corporation, Robert Bosch GmbH, Kongsberg Automotive, Castellon Automotive SA, Johnan Manufacturing Inc., KÜSTER Holding GmbH, IFB Automotive Pvt. Ltd., Aditya Auto and Engineering Pvt. Ltd., Kwangjin Sang Gong Co. Ltd., Futuris Group of Companies.

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