Home > Automotive > Automotive Parts > Tires and Wheels > Automotive Active Suspension System Market

Automotive Active Suspension System Market Share

  • Report ID: GMI12039
  • Published Date: Oct 2024
  • Report Format: PDF

Automotive Active Suspension System Market Share

Mercedes, Continental, Magna, BWI, Tenneco, and Marelli collectively held a significant market share of 38% in the automotive active suspension system industry in 2023. Continental is competing in the active suspension market by focusing on innovative technologies that improve vehicle safety, comfort, and performance.
 

The company has invested in advanced suspension control systems that utilize electronic components to adjust in real time, responding to road conditions and driver input. Continental's efforts in developing connected and intelligent suspension solutions cater to the evolving needs of electric and autonomous vehicles. By collaborating with automakers and leveraging its expertise in automotive technology, Continental aims to deliver premium suspension solutions that enhance the driving experience and strengthen its position in the market.
 

Marelli has strengthened its competitive position in the active suspension market by developing solutions that integrate seamlessly with modern vehicle architectures. The company offers advanced electronic and hydraulic suspension systems designed to provide high levels of comfort, stability, and handling. Marelli is also focused on the electric and luxury vehicle segments, where demand for high-performance suspensions is robust. Through collaborations with leading automakers and continuous R&D investments, Marelli ensures that its active suspension systems align with market trends, catering to the growing preference for adaptive and responsive automotive technologies.
 

Automotive Active Suspension System Market Companies

Major players operating in the automotive active suspension system industry are:

  • Bosch
  • BWI
  • Continental
  • JTEKT
  • Magna
  • Marelli
  • Mercedes
  • Schaeffler
  • Tenneco
  • ZF
Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive active suspension system reached USD 4.2 billion in 2023 and is projected to grow at a 4.6% CAGR from 2024 to 2032, driven by the integration of advanced suspension technologies that enhance performance and comfort.

The OEM segment accounted for USD 3 billion in 2023 and is anticipated to grow significantly, as OEMs can integrate the technology during vehicle production, ensuring compatibility and performance.

China accounted for 35% of the market share in 2023, led by strong demand for luxury and electric vehicles, as consumers prioritize comfort and advanced technologies.

The key players in the industry include Bosch, BWI, Continental, JTEKT, Magna, Marelli, Mercedes, Schaeffler, Tenneco, and ZF.

Automotive Active Suspension System Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 170
 Download Free Sample