DUBLIN--(BUSINESS WIRE)--The "Global Automotive Suspension Member Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The automotive suspension member market will register a CAGR of almost 4% by 2023.

Vehicle makers specifically design high-performance vehicles with advanced features and composite materials to withstand the increased pressure of high-speed driving and offer superior handling. The systems and components used on a high-performance vehicle, especially suspension systems, are designed to offer improved vehicle handling.

Hence, the rising demand for high-performance vehicles will drive the global automotive suspension member market in terms of materials and additional features used in the suspension system. The rising sales of high-performance vehicles will be a major driving force for the global automotive suspension members market.

Development of electric vehicles

The progressing global electric vehicle market is having a major impact on the automotive manufacturing sector, driving the market of automotive suspension member in terms of technology. The development of electric vehicle generates the need for different systems and components that drive suspension manufacturers to develop newer types of automotive suspension members compatible with the electric vehicle chassis.

Lack of related government standards and regulations

The lack of proper government-implemented standards and regulations is causing the technological development in automotive suspension member market to be slow during the forecast period.

The growing competition in different vehicle segments is pushing automotive manufacturers to offer differentiating systems or features to increase the value proposition, especially in top-end vehicles. However, a lack of systemized regulations or standards for vehicle suspension will prove to be a significant challenge for the global automotive suspension member market.

Competitive Landscape

The market appears to be moderately concentrated with the presence of limited vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

  • Benteler International AG
  • F&P America Mfg. Inc.
  • Futaba Industrial Co. Ltd.
  • Hanil Precision Mfg. Co. Ltd.
  • Magna International Inc.

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Comparison by application
  • Passenger car - Market size and forecast 2018-2023
  • LCV - Market size and forecast 2018-2023
  • MHCV - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

  • Development of lightweight vehicle suspension systems
  • Development of active chassis systems
  • Development of carbon fiber suspension members

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Benteler International AG
  • F&P America Mfg. Inc.
  • Futaba Industrial Co. Ltd.
  • Hanil Precision Mfg. Co. Ltd.
  • Magna International Inc.

For more information about this report visit https://www.researchandmarkets.com/research/jgpgvw/global_automotive?w=4

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Related Topics: Suspension Systems and Components