$ 737 Million Growth Expected in Automotive Active Suspension System Market | COVID-19 Impact Analysis in Q1 2021| North America to Notice Maximum Growth | Technavio - PRNewswire

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The rapid spread of the COVID-19 pandemic in 2020 led to the temporary closure of automobile manufacturing facilities across the world. This had affected the production and demand of vehicles as well as the components such as automotive active suspension systems. With the resumption of manufacturing activities in the automotive sector coupled with stimulus packages given by governments to businesses, Technavio predicts healthy growth in the automotive active suspension market over the forecast period.

The market is expected to be driven by factors such as increasing demand for comfort with a smoother driving experience, growing use of advanced body control as a product differentiator, and increasing electrification in vehicles.

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Automotive Active Suspension System Market: Opportunities

The global automotive industry is witnessing an increased demand for electric and luxury vehicles with enhanced comfort and safety. This can be attributed to the increased purchasing power of consumers, which is increasing the importance of various aspects such as vehicle safety, ease of driving, comfort, and convenience. These factors are necessitating the need for better handling technologies, such as active suspension systems in vehicles.

Automotive Active Suspension System Market: Segmentation by Application

Based on the segmentation by type, the market generated maximum revenue in the hydraulic actuator segment in 2020. Hydraulic actuators are widely used by many prominent automakers. This is due to the benefits offered by hydraulic actuators such as more ruggedness, less power loss, high-pressure generation suitable for high force applications, and overall better power-to-weight ratio. These factors are expected to foster the growth of the segment over the forecast period.

Automotive Active Suspension System Market: Segmentation by Geography

North America held the largest market share in 2020 and the market growth in the region is expected to be slower compared to the growth of the market in MEA. The growth of the market in North America can be attributed to the high penetration of premium and luxury segment vehicles in the US and Canada. In addition, the increasing consumer demand for luxury SUVs is expected to drive the growth of the automotive active suspension system market in North America during the forecast period.

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Automotive Active Suspension System Market: Major Vendors

Continental AG
The company develops, produces, and integrates active and passive safety technologies and controls vehicle dynamics. The company offers electronic suspension systems.

Daimler AG
The company develops and produces vehicles in a global network under the Mercedes Benz, Freightliner, Western Star, FUSO, and BharatBenz brands. The company offers AIRMATIC active suspension system.

Infineon Technologies AG
The company offers automotive active suspension systems for two highly specific niche markets: luxury and sports cars.

Marelli Holdings Co. Ltd.
The company offers products under categories such as automotive lighting, cabin comfort, electric powertrain, thermal solutions, ride dynamics, and electronics. The company offers Automotive Active Suspension System.

Parker Hannifin Corp.
The company manufactures hydraulic, fuel, pneumatic, and electromechanical systems and components for all domestic, commercial, military, and general aviation aircraft. It also performs a vital role in naval vessels and land-based weapons systems. The company offers MR semi-active suspension systems.

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Executive Summary

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Application

Market segments
Comparison by Application
Hydraulic actuator - Market size and forecast 2020-2025
Pneumatic actuator - Market size and forecast 2020-2025
Electromagnetic actuator - Market size and forecast 2020-2025
Market opportunity by Application

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
Europe - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Overview
Landscape disruption
Competitive landscape

Vendor Analysis

Vendors covered
Market positioning of vendors
Continental AG
Daimler AG
Hitachi Ltd.
Hyundai Mobis Co. Ltd.
Infineon Technologies AG
Marelli Holdings Co. Ltd.
Parker Hannifin Corp.
Tenneco Inc.
thyssenkrupp AG
ZF Friedrichshafen AG

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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