The global suspension tuning market size was USD 42.90 Billion in 2021 and is expected to register a revenue CAGR of 3.1% during the forecast period, according to latest analysis by Emergen Research. Rapid advancements in existing vehicle technologies, as well as significant investments by prominent market participants are key factor driving market revenue growth.

The report, Global Suspension Tuning Market Research Report and Forecast to 2030, provides a detailed analysis of the global Suspension Tuning market, including market size, market share, current and future trends, and the most recent technological breakthroughs. The research provides information on the regional and global competitive landscape of the Suspension Tuning market, along with a complete prognosis through 2030. The impact of the COVID-19 epidemic on the market for Suspension Tuning has been updated in the most recent research. It examines the impact of the epidemic on each region's political and economic systems. It presents a present and projected view of the pandemic's effects on supply chain disruptions and economic volatility.

The suspension tuning market refers to the industry involved in the modification and customization of vehicle suspensions to improve performance and handling characteristics. Suspension tuning involves adjusting various components of a vehicle's suspension system, such as springs, shocks, sway bars, and control arms, to optimize ride comfort, stability, and responsiveness.

This market caters to car enthusiasts, racing teams, and individuals looking to enhance their vehicle's performance on the road or track. Suspension tuning can involve a range of modifications, from simple adjustments to existing components to the installation of aftermarket suspension kits designed to provide specific performance benefits.

There are several reasons why people invest in suspension tuning. Some aim to improve the overall ride quality and comfort of their vehicles, while others focus on enhancing cornering and handling capabilities for improved stability and control. In racing and motorsports, suspension tuning plays a crucial role in optimizing a vehicle's performance to gain a competitive edge.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Continental AG, FOX Factory, Inc., ANAND Group India, Hendrickson USA, L.L.C., KYB Corporation, Mando Corporation, Sogefi SpA, Tenneco Inc., ZF Friedrichshafen, Duroshox, Hitachi Astemo Americas, Inc., and Marelli Holdings Co., Ltd

Target Audience of the Global Suspension Tuning Market Report:

  • Key Market Players
  • Investors
  • Venture capitalists
  • Small- and medium-sized and large enterprises
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)
  • Global market producers, distributors, traders, and suppliers
  • Research organizations, consulting companies, and various alliances interested in this sector
  • Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Suspension Tuning Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Suspension Tuning market on the basis of product, application, and region:

Segments Covered in this report are:

  • Architecture Outlook (Revenue, USD Billion; 2019-2030)
    • Double Wishbone Suspension
    • Multi-Link Suspension
    • Rigid Axle Suspension
    • Macpherson Suspension
    • Air Suspension
    • Others
  • Component Outlook (Revenue, USD Billion; 2019-2030)
    • Spring
    • Shock Absorber
    • Strut
    • Control Arm
    • Rubber Bushing
    • Leaf Spring
    • Sway Bar
    • Ball Joint
  • Vehicle Type Outlook (Revenue, USD Billion; 2019-2030)
    • Luxury Cars
    • Commercial Vehicles
    • Sports Cars
    • Passenger Vehicles

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Some Key Highlights From the Report

  • The air suspension segment accounted for a significant revenue share in 2021. Increasing demand for suspension systems that aid in providing added stability, particularly during heavy-duty driving, is a key factor driving growth in this segment. In addition, increasing demand for air suspension can be attributed to its ability to reduce harshness and vibration. Furthermore, air suspension systems compensate for road potholes, uneven surfaces, and speed bumps by allowing vehicles to glide easily over the road surface.
  • The shock absorber segment accounted for a significant revenue share in 2021. Increasing consumer demand for electric and self-driving vehicles in various regions is a key factor driving this segment's growth. Electric vehicles are powered and accelerated by renewable energy sources. As a result, Original Equipment Manufacturers (OEMs) are investing heavily in shock absorbing technologies that aid in converting kinetic energy and heat generated by conventional shock absorbers and effectively converting it into electricity. This improves vehicle's performance while also increasing its mileage. Furthermore, rising demand for shock absorbers can be attributed to various cost-effective products offered by aftermarket providers. Factory shock absorbers are typically set up for stock ride height, which can be an issue when taking vehicles off-road. However, aftermarket shock absorbers give users more wiggle room when cruising over rocks and trees.
  • The commercial vehicles segment accounted for a moderate revenue share in 2021. Rising partnerships and greater emphasis on optimizing vehicle performance are important factors driving this segment's revenue growth. Commercial vehicles are an essential part of today's transportation network, accounting for vast majority of freight transport worldwide. As a result, demand for improved ride comfort and safety in these vehicles is critical. In addition, major automotive manufacturers are making significant investments to improve vehicle stability. Moreover, OEMs are focusing on developing suspension parts that are more reliable and last longer.
  • The aftermarket segment accounted for a moderate revenue share in 2021. Increasing demand for low-cost suspension system components is a major factor driving this segment's revenue growth. For example, suspension components, such as shock absorbers, are in high demand. In any driving situation, aftermarket shock absorbers improve handling at high speeds. In addition, majority of shock absorbers in the market are adjustable. As a result, user can tune according to their preferences. Moreover, high-quality aftermarket shocks may be more durable than stock shocks.
  • The Europe market accounted for second-largest revenue share in 2021. Stringent vehicle safety regulations enacted by governments in various countries is a crucial factor driving market growth in this region. Suspension tuning excels in improving vehicle safety and enables drivers as well as passengers to enjoy the ride more comfortably. Germany accounted for largest regional share due to increasing prevalence of prominent automotive manufacturers such as Audi, BMW, Mercedes, and others. These manufacturers are increasingly incorporating high-performance and advanced suspension systems to improve their vehicle performance and also offer their prospective consumers various customization options.

Additional information offered by the report:

  • Along with a complete overview of the global Suspension Tuning market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
  • The report elaborates on the global Suspension Tuning market size and share governed by the major geographies.
  • It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
  • It further presents a detailed description of the company profiles of the key market contenders.

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