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Automotive Double Wishbone Suspension System Market Trends

  • Report ID: GMI10936
  • Published Date: Aug 2024
  • Report Format: PDF

Automotive Double Wishbone Suspension System Market Trends

The integration of double wishbone suspension systems with adaptive or active suspension technologies is becoming a growing trend. These systems adjust the suspension settings in real-time based on driving conditions, improving ride comfort and vehicle performance. This trend is especially common in high-end vehicles, where manufacturers aim to offer better driving dynamics. Additionally, the automotive industry is witnessing a push towards lightweighting for better fuel efficiency and reduced emissions has led to the development of double wishbone suspension systems made from lightweight materials like aluminum and composites. This helps improve fuel efficiency and reduce emissions without sacrificing performance.
 

Vehicle component manufacturers are launching innovative suspension systems for various vehicle types. For instance, in July 2023, Hendrickson, a manufacturer and supplier of medium and heavy-duty mechanical, elastomeric and air suspensions launched an innovative air and mechanical suspensions and axles for trailer applications in India. Through this launch, the company shows its commitment continues towards providing customized components and suspension systems for the global commercial transportation industry with focus on supporting the industry’s evolving needs. 

fort and vehicle performance. This trend is especially common in high-end vehicles, where manufacturers aim to offer better driving dynamics. Additionally, the automotive industry is witnessing a push towards lightweighting for better fuel efficiency and reduced emissions has led to the development of double wishbone suspension systems made from lightweight materials like aluminum and composites. This helps improve fuel efficiency and reduce emissions without sacrificing performance.

Vehicle component manufacturers are launching innovative suspension systems for various vehicle types. For instance, in July 2023, Hendrickson, a manufacturer and supplier of medium and heavy-duty mechanical, elastomeric and air suspensions launched an innovative air and mechanical suspensions and axles for trailer applications in India. Through this launch, the company shows its commitment continues towards providing customized components and suspension systems for the global commercial transportation industry with focus on supporting the industry’s evolving needs. 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive double wishbone suspension system reached USD 18.7 billion in 2023 and is set to record over 4% CAGR between 2024 to 2032, owing to the increasing demand for high-performance vehicles including sports cars and luxury vehicles.

The OEM segment held over 75% of the market share in 2023 and is expected to cross USD 20 billion by 2032, as OEMs are seeking suspension systems that can handle the unique weight distribution and dynamics of EVs and hybrid vehicles.

Asia Pacific held around 43% of the market share in 2023, driven by the rapid growth in automotive production and sales, due to rapid economic growth, increasing disposable incomes, and a growing middle class.

Benteler Automotive, Hendrickson International, Hitachi Automotive Systems Ltd., Hyundai Mobis, KYB Corporation, Magneti Marelli S.p.A., Schaeffler AG, ThyssenKrupp AG, Yoruzu Corporation, and ZF Friedrichshafen AG.

Automotive Double Wishbone Suspension System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 139
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