Published on : Mar 07, 2017
Albany, New York, March 7, 2017: Due to the constant technological advancement in the automotive industry, the demand for vehicles with various distinctive features is increasing worldwide. Accordingly, in recent years innovation in the automotive equipment’s has boosted the global market of the suspension system, observed by the latest study added to the broad database of Market Research Hub (MRH). This study, titled “Global Automotive Active Suspension System Market 2017” report delivers a thorough analysis of the market current status and future growth prospects for the forecast period of 2017-2022. Also, major dynamics such as drivers, restraints and opportunities for the growth in the global market have been included.
Geographically, the report focuses on several key regions including North America, China, India, Europe, Southeast Asia and Japan. The report has offered share, size, production, consumption and future statistics of each segment in the global automotive active suspension system market. The global analysis of the market also reveals extensive growth in the recent years due to technological improvements and some key factors such as the rise in production of vehicles and rising demand for comfort and performance in vehicles is also expected to fuel market growth.
Initially, the report describes that, as extreme cornering may be required in order to avoid an obstacle, then implementing the active suspension system improves safety. An active suspension is a type of automotive suspension that controls the vertical movement of the wheels relative to the chassis or vehicle body with an onboard system; they help in preventing damage to vehicle components and enable safe & comfortable driving for the rider. Also, one of the major drawbacks of active suspension systems include high costs and regular maintenance requirements.
Also, the active suspension system market today is an important part of suspension system market and finds its major application in high-end luxury & sports cars and some medium range cars & commercial vehicles. Moreover, the market can be further segmented into:
- Electromagnetic Systems
- Magneto-Rheological Systems
- Hydraulic Systems
- Solenoid Valve Systems
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Among these, electromagnetic suspension systems are growing at a fast pace due to growing number of high-end vehicles which offer better ride value and superior control. Moving further, a detailed analysis of the key challenges the players in the market face has been also covered in the report. Currently, the high cost of the system and high maintenance cost acts as a restraint to the automotive active suspension system market.
Some of the key players operating in the global market are:
- Eaton Corporation
- Magneti Marelli
- Hitachi Automotive Systems
- ZF Sachs
- Porsche Cars North America
- Tanabe USA
The research report intends to help the new and existing companies in articulating effective business strategies by providing recommendations given by professionals and industry experts.
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