Germany Automotive Suspension Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 2.28% from 2023 to 2033
• The Germany Automotive Suspension Market Size is Expected to Hold a Significant Share by 2033

The Germany Automotive Suspension Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 2.28% from 2023 to 2033.

Market Overview

A vehicle's suspension system comprises a mechanical arrangement of either springs or shock absorbers that connect the wheels and axles to the chassis of the car. This system enables the wheels and axles to operate separately, minimizing the impact of different road conditions. The suspension system of the car consists of springs, shock absorbers, struts, control arms, and ball joints that link the wheel to the vehicle, allowing for mobility. The geometry and suspension system's construction varies based on the wheel's camber, hub's castor, vehicle's toe, and control arms' kingpin inclination. Suspensions help maintain tire contact with the road while driving, minimizing shocks and protecting the vehicle and its load from damage or wear. Furthermore, it offers isolation to the vehicle from high-frequency vibrations caused by tire excitation. A high-quality journey ensures passengers' comfort, reduces cargo damage and decreases driver fatigue on long trips. Suspension plays a crucial role in the ride quality and handling of a car, as vehicles with stiff suspension can improve control over body movements and increase response time. Ambulances require improved vehicle suspension to avoid causing additional harm to sick passengers. These factors have increased the need for increased driving comfort, leading to a positive effect on the expansion of the worldwide automotive suspension market.

Report Coverage

This research report categorizes the market for the Germany automotive suspension market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany automotive suspension market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany automotive suspension market.

Driving Factors

Electric cars usually have an abridged center of gravity compared to cars powered by internal combustion engines. This results in better control and steadiness, leading to a higher need for advanced suspension systems that can increase the handling and performance of EVs even more. Moreover, the custom of electric motors and battery packs in electric cars generates more room in the front of the vehicle, empowering the development of more creative suspension systems. SUVs generally have more ground clearance compared to sedans or hatchback cars. This specifies that SUVs need stronger suspension systems to accomplish rough terrains and off-road situations. This encouraged manufacturers to invest in new suspension technologies and components to meet the demands of the expanding SUV market.

Restraining Factors

Market growth is hindered by high capital investment, suspension component costs, and a shortage of raw materials.

Market Segmentation

The Germany automotive suspension market share is classified into suspension type and vehicle type.

• The leaf spring segment is expected to hold the largest market share through the forecast period.   

The Germany automotive suspension market is segmented by suspension type into hydraulic suspension, air suspension, and leaf spring. Among these, the leaf spring segment is expected to hold the largest market share through the forecast period. Leaf spring section had a significant level of incorporation in both commercial and off-road vehicles, showcasing their individual market participation. Nonetheless, the increasing need for innovative suspension systems in a range of upcoming electric and gas-powered vehicles significantly propels the growth of the air suspension sector in the projected timeframe.

• The passenger cars segment dominates the market with the largest market share over the predicted period.

The Germany automotive suspension market is segmented by vehicle type into passenger cars and others. Among these, the passenger cars segment dominates the market with the largest market share over the predicted period. Passenger cars are the most commonly manufactured and purchased type of vehicle. Therefore, it represents the majority of automotive manufacturing and sales worldwide. The rise in market demand is a result of the growth in production and sales of passenger cars.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany Automotive Suspension market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ZF Friedrichshafen AG
• Tenneco Inc.
• Continental AG
• ThyssenKrupp AG
• KYB Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-added resellers (VARs)

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Automotive Suspension Market based on the below-mentioned segments:

Germany Automotive Suspension Market, By Suspension Type

• Hydraulic Suspension
• Air Suspension
• Leaf Spring

Germany Automotive Suspension Market, By Vehicle Type

• Passenger Cars
• Others