Latest News- Automotive Suspension Member Market: OEM is expected to lead the Distribution Channel segment during 2025-2029

The Automotive Suspension Member Market is being driven by Rising penetration of high-performance vehicles

The Automotive Suspension Member Market is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6184.5 million. In the automotive industry, there is a growing focus on producing lightweight vehicles with reduced emissions and improved fuel efficiency. To achieve this, manufacturers are replacing heavier systems and components with lighter alternatives, such as electronic systems and components made of lightweight materials like composite plastics, carbon fiber, and glass-reinforced plastics. This trend, known as lightweighting, is particularly relevant to the suspension system, which significantly contributes to a vehicle's curb weight. Consequently, suspension components, including suspension members, are being redesigned using these advanced materials to minimize weight and enhance overall vehicle performance. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • OEM
  • Aftermarket
• Application
  • PC
  • LCV
  • M and HCVs
• Product Type
  • Front suspension member
  • Rear suspension member
  • Cross members
  • Subframes
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising penetration of high-performance vehicles
• Increasing focus on improving vehicle handling
• Development of electric vehicles

However, the market also witnesses some limitations, which are as follows:

• Increased incidence of suspension-related recalls
• Lack of related government standards and regulations in manufacturing automotive suspension member
• Sharp decline in automobile production and sales

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Market Scope in Automotive Suspension Member Market Research Report

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Research Analysis Overview

The Automotive Suspension Member Market focuses on enhancing lateral stability and vertical load distribution, increasing dynamic load capacity through resonance frequency analysis and damping coefficient variation. Spring preload adjustment, cornering stiffness improvement, and brake dive reduction are key elements for optimal body roll minimization and pitch control strategies. Electronic stability control, traction control system, and anti-lock braking system ensure safety and control. Off-road suspension tuning addresses high-speed stability, low-speed maneuverability, and road surface adaptability. Vibration isolation techniques and noise reduction methods improve ride comfort. Structural stiffness enhancement, lightweight material selection, and cost-effective design solutions contribute to manufacturing process optimization and assembly process efficiency. Quality control measures, reliability improvement, maintenance requirements, and service life prediction ensure customer satisfaction and long-term performance.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, market size is determined by the consolidated revenue generated by automotive component and equipment manufacturers. Key growth drivers for this market include the surge in electronic components in automobiles, such as electronic control units (ECUs) and other electrical components, fueled by the rising sales of EVs, motorcycles, and PCs over the past decade. Additionally, optimization of suspension geometry, calculation of spring rates, tuning of damper parameters, and determination of anti-roll bar stiffness are essential aspects of automotive suspension system design, contributing significantly to the market's growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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