Automotive Suspension Market Size, Share, and Trends 2025 to 2034

Automotive Suspension Market Size and Forecast 2025 to 2034

The global automotive suspension market size was estimated at USD 53.10 billion in 2024 and is anticipated to reach around USD 73.80 billion by 2034, expanding at a CAGR of 3.34% from 2025 to 2034. The rising demand for safety and comfort standards in vehicles is the key driver of the global automotive suspension market. The rising demand for premium and luxury vehicles is playing a crucial role in market growth.

Automotive Suspension Market Key Takeaways

• Asia-Pacific segment dominated the global automotive suspension market in 2024.
• Europe is expected to expand at a solid CAGR during the forecast period. 
• By system type, the semi-active suspension segment accounted for the largest market share in 2024.
• By system type, the active suspension segment is projected to grow at a notable CAGR during the forecast period.
• By vehicle type, the passenger vehicle segment generated the largest share of the market in 2024.
• By vehicle type, the light commercial vehicle segment is expected to witness significant growth in the forecast period.

Impact of adoption of AI in the manufacturing industry

AI is becoming a lifesaver for the automotive suspension market. The need for predictive maintenance to improve the overall quality, safety, and efficiency of automotive suspension is significantly encouraging the adoption of AI in manufacturing sectors. The rising demand for advanced vehicles requires cutting-edge technologies to support productivity and maintain quality and safety standards, which is becoming easier thanks to AI integration. AI algorithms provide real-time monitoring, operation optimization, and quick decision-making abilities. For the development of luxury and advanced vehicle models, AI technology is becoming essential in automotive suspension systems.

Market Overview

The mechanism of two adjoining parts or gears in a vehicle or locomotive, regardless of proportions and size, is known as automotive suspension. The automotive suspension systems come in a variety of shapes and sizes, including tire air and springs. It is a shock absorption process that includes the relative motion of both wheels and shock absorbers between the locative and the surface on which the machine is functioning. The main objective of an automotive suspension is to minimize discomfort and exertion in the face of adversity.

The passengers will be more comfortable, the cargo will be less damaged, and driver tiredness will be reduced on lengthy trips if the rise is of high quality. The suspension is in charge of ride quality and automobile handling control since vehicles with firm suspension may have better body control and quicker reactions. As a result of these aforementioned factors, the demand for enhanced driving comfort has increased, favorably impacting the global automotive suspension market’s growth during the forecast period. As the suspension system connects the wheel to the vehicle chassis and is one of the most important sections of a vehicle, demand for it is directly tied to new vehicle production.

Automotive Suspension Market Growth Factors

• The automotive business is growing as a result of rising urbanization, technological improvements, and changing consumer preferences.
• Significant expenditures are being made to update existing vehicle suspension systems in order to improve ride quality and road-holding capabilities.
• In the near future, greater customer affordability combined with increased competitiveness would raise two-wheeler output, resulting in the automotive suspension market growth.
• The rising demand for lightweight suspension systems and the development of innovative suspension systems are playing for the growth of the automotive suspension market.
• The growing population, rising disposable incomes, and shifting consumer dynamics are resulting in a massive demand for two-wheelers. In order to increase their bottom line, many prominent two-wheeler companies are using targeted product launch strategies. The rising development of affordable and more efficient tow-wheelers is further driving the automotive suspension market.
• The global automotive suspension market is predicted to develop because of some factors, such as technological developments in vehicle components, increased vehicle production, and increased demand for luxury passenger vehicles.

Market Scope

Market Dynamics

Driver

Demand for luxury passenger vehicles

Passenger vehicles are widely productive vehicle types. The demand for advanced, safer, more secure, and superiorly experienced passenger vehicles has demonstrated the market. The rising demand for ride quality and handling is contributing to the market expansion. Additionally, the ability of luxury vehicle manufacturers to provide modern suspension systems is fueling the market growth. The demand for luxury passenger vehicles, including S-class and E-class, is playing a crucial role in the market.

Restraint

Issues such as improved global vehicle regulations, high maintenance costs, and modern suspension systems are expected to slow the automotive suspension market’s growth. Additionally, the lack of standardization and high prices of independent suspension systems may function as a major hurdle to the market’s expansion. Consumers often prefer original equipment manufacturer (OEM) components because of their high quality and lengthy service life. However, the original equipment manufacturer (OEM)-supplied vehicle suspension parts and components are more expensive than aftermarket-supplied parts and components.

Opportunity

Technology developments

The adoption of cutting-edge technologies like 3D printing, active and semi-active suspension systems, air suspension systems, electronic stability control systems, and advanced sensor systems is playing a favorable role in the automotive suspension industry. Additionally, the rising adoption of predictive and adaptive suspension systems is emerging in the market. The growing adoption of automobiles due to rising population and urbanization is continually seeking better safety and quality standards. The ongoing innovation of cutting-edge technologies is supporting the market in witnessing growth opportunities. The development of sensor technologies to provide real-time monitoring and adjustments of suspension systems is expected to be a game changer for the market in the forecast period.

System Type Insights

Based on the system type, the active suspension segment accounted largest revenue share in 2024. A control device that receives input from sensors control the vertical movement of the wheels in active suspension systems. During the projected period, the active suspension is predicted to be the market leader in suspension systems. With the help of the onboard system, it can control the vertical movement of the wheel in relation to the vehicle.

On the other hand, the semi active suspension segment is estimated to be the most opportunistic segment during the forecast period. The semi active suspensions vary the strength of the shock absorber based on dynamic driving conditions, whereas inactive suspension actuators raise and lower the vehicle independently at each wheel. The onboard computer system aids in the operation of semi active and active suspensions by sensing vehicle movement via sensors throughout the vehicle.

Vehicle type insights

By vehicle, the passenger vehicle segment dominated the global automotive suspension market due to the large production value of the passenger cars. The vast demands for passenger cars are required to comply with safety and comfort standards. Passenger cars are widely produced and sold worldwide. The rising innovation and development of customized suspension systems are fueling the segment's growth.

On the other hand, the light commercial vehicle segment is expected to witness spectacular growth in the forecast period due to rising demands for commercial vehicles, including trucks, vans, and pickups. The demand for high payload capacity is the major factor driving segment growth.

Region Insights

Asia Pacific is Dominant

Countries like China, India, and Japan are leading the regional market. India and China are dominating the market due to their rich and well-established automotive manufacturing industries and government initiatives and investments in the expansion of the industry. The rising population has surged for luxury vehicles in Asia. The adoption of cutting-edge technologies is playing a favorable role in market expansion in India, China, and Japan.

• In March 2024, Nidec Corporation announced the development of a new air suspension motor for automobiles by Nidec Motor (Dalian) Limited, a corporation that the company owns in China.

Europe is Fastest Growing

Germany stands out in the European automotive suspension market due to its well-established automotive sectors. Presently, leading car manufacturing companies like the Volkswagen Group and BMW are also contributing to the country's market expansion. The superior focus of the competitive landscape in Germany is to develop high safety standards, ride quality, and innovative technologies, which are the major highlights of the market.

• In April 2024, Porsche, a German luxury automaker, collaborated with ClearMotion to validate the U.S. startup's active suspension technology and road-reading software and signed a licensing agreement for its technology with ClearMotion

Key Companies & Market Share Insights

To build a firm presence in the automotive suspension market, the key market players are employing several methods such as increasing production capacity, diversifying sales and distribution networks, product differentiation and new product development, and strategic partnerships and collaborations.

Automotive Suspension Market Companies

• Tenneco Inc.
• Continental AG
• ZF Friedrichschafen AG
• Schaeffler AG
• Sogefi SpA
• Magneti Marelli SpA
• KYB Corporation
• ThyssenKrupp AG
• Mondo Corporation
• BENTELER International AG

Leaders’ Announcements

• In August 2024, Mr. Veejay Nakra, President—Automotive Division, Mahindra & Mahindra Ltd, talked about the launch of the Thar Roxx SUV: “With the launching of Thar ROXX, the company is not just improving the SUV experience but also setting sights on creating the Thar brand as the No. 1 SUV by volume within the next 3-5 years.”
• In April 2024, Ingo Albers, Porsche's vice president for drive systems, said in a statement that the launch of Vehicle-motion: “The Vehicle-motion is the next novel fortunate to provide a superior experience for drivers and passengers.”

Recent Developments

• In August 2024, Mahindra introduced its Thar Roxx SUV with WATT's link suspension, modern shock absorbers, and a hydraulic rebound stopper. The Thar Roxx promises to provide a smooth ride and a premium experience.
• In April 2024, Tesla launched its Track Mode V3, which now integrates motor controls, suspension controls, powertrain cooling, and Tesla’s Vehicle Dynamics Controller (VDC) under a single, unified system. This model has a custom-tuned suspension, Track Mode V3, and ludicrous acceleration.
• In September 2023, the C round of financing of 300 million yuan was completed by KH Automotive Technologies, which is projected to be used for a range of capital expenditures, including a plant and equipment in the new production capacity and supporting working capital support.

Segments Covered in the Report

By System Type

• Passive Suspension
• Semi Active Suspension
• Active Suspension

By Vehicle Type

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy commercial vehicles (HCV)

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
• MEA
• Rest of the World