Automotive Double Wishbone Suspension System Market Size

Automotive Double Wishbone Suspension System Market Size

Automotive Double Wishbone Suspension System Market size was valued at USD 18.7 billion in 2023 and expected to grow at over 4% CAGR between 2024 and 2032, owing to the increasing demand for high-performance vehicles including sports cars and luxury vehicles. According to the India Brand Equity Foundation (IBEF), luxury car sales in India reached 42,731 units in 2023, a 20% increase from 2022. BMW AG held more than 50% of the Indian luxury car market. The growth in India's luxury car market is due to higher disposable incomes and the growing interest of younger professionals in high-end cars.

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The double wishbone suspension system is popular in performance vehicles, such as sports cars and luxury sedans, for its superior handling, cornering stability, and ride comfort. This design improves wheel alignment, traction, and handling during high-speed maneuvers. Furthermore, markets in Asia-Pacific, including China, as well as North America and Europe, are witnessing increased sales of luxury cars, which is driving the demand for high-performance suspension systems.

The presence of stringent government regulations and growing focus of automakers on enhancing the vehicle safety is further expected to drive the growth of automotive double wishbone suspension system market. Double wishbone suspensions contribute to vehicle safety by maintaining optimal tire contact with the road surface, optimizing braking performance, and lowering the risk of skidding. As safety becomes a key selling point for vehicles, manufacturers are increasingly incorporating advanced suspension systems to enhance overall vehicle safety.
 

Also, modern consumers are emphasizing on comfort and ride quality, particularly in mid-to-high-end vehicles. The double wishbone suspension system’s ability to absorb shocks and reduce vibrations makes it a preferred choice for manufacturers aiming to meet these consumer expectations.
 

Double wishbone suspension systems are complex in design compared to simpler suspension types like MacPherson struts. This complexity leads to higher manufacturing costs, which is a barrier to widespread adoption, especially in cost-sensitive markets. The use of lightweight materials like aluminium and composites, which are increasingly used owing to their weight-saving benefits, can significantly increases the cost of production. These materials are more expensive than traditional steel, making the double wishbone suspension system less attractive for manufacturers focused on cost-efficiency.