Automotive Suspension Market Key Findings by 2031
The automotive suspension market is expected to register a CAGR of 7.4% during 2023–2031. The growing demand for both commercial and passenger cars, new suspension systems, and stricter safety standards is likely to remain a key trend in the market.
Automotive Suspension Market Analysis
- The Global Automotive Suspension Market Analysis to 2031 is a specialized and in-depth study by the type of vehicle, component, suspension type, system type and geography.
- Advanced suspension systems play a crucial role in optimizing vehicle fuel efficiency by reducing air resistance and improving overall performance.
- The growing preference for comfortable and smooth rides has led to a surge in demand for advanced suspension systems across various vehicle segments.
Automotive Suspension Market Overview
- Automotive Suspension Market Overview
- The increasing use of automotive suspension systems has aided the Growth in the industry, because of the variables that drive the need for automobile suspension systems, including comfort, luxury, air resistance, and fuel economy.
- Automotive suspension systems include springs, wishbones and shock absorbers, which help to filter all the forces between the body and the road. These suspensions also offer isolation to the vehicle from high frequency vibration. In order to enhance the comfort and luxury of vehicles, automotive suspension manufacturers have focused on developing new and advanced suspension products.
- In order to enhance the comfort and luxury of vehicles, automotive suspension manufacturers have focused on developing new products. Newer, more inventive suspension system models that are lightweight and reasonably priced are currently available in the market.
- Active curve tilting, magnetic dampers, and hydraulic roll control have entered the industry. Thus, demand for the automotive suspension system market is growing.
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Automotive Suspension Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Suspension Market: Strategic Insights
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Automotive Suspension Market Drivers and Opportunities
Technological Advancement in the Automotive Sector to Favor the Market
- In order to increase the comfort and luxury of their vehicles, automobile companies have concentrated on developing cutting-edge products.
- Currently, the market is filled with more recent suspension system models that are affordable and lightweight. The market has recently seen the introduction of hydraulic roll control, active curve tilting, and magnetic dampers.
- To increase the range of products they offer, many businesses have also introduced cutting-edge suspension systems. Thus, significant technological advancement in automotive suspension systems helps to improve global market growth.
Increasing Application of Automotive Suspension Systems
- Compared to cars with internal combustion engines, electric vehicles usually have a lower center of gravity. Better handling and stability follow, which raises the demand for sophisticated suspension systems and, ultimately, for the performance and handling of electric vehicles.
- Additionally, the utilization of electric motors and battery packs in electric vehicles yields additional space beneath the hood, thereby allowing for a more inventive suspension design.
- For instance, In October 2023, BWI Group, a global leader in automotive braking and suspension system technology, partnered with ClearMotion Inc., a global transportation technology company, to supply essential full-active suspension components and subsystems to a leading Chinese New Energy Vehicle (NEV) manufacturer. Following the two firms’ successful research and development collaboration on the ClearMotion1 (CM1) high-bandwidth active suspension system, this milestone marks a break-through, giving BWI and ClearMotion a clear advantage in an important emerging market focused on increased vehicle passenger comfort, productivity, and experience.
Automotive Suspension Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive suspension market analysis are vehicle type, component, suspension type, and system type.
- Based on vehicle type, the automotive suspension market is divided into passenger cars, light commercial vehicle, and heavy commercial vehicle.
- Based on components, the automotive suspension market is divided into springs, shock dampeners, struts, control arms, ball joints, leaf springs and air compressors.
- Based on suspension type, the automotive suspension market is divided into hydraulic suspension, air suspension, and leaf spring suspension.
- Based on system Type, the automotive suspension market is divided into passive suspension, semi active suspension, and active suspension.
Automotive Suspension Market Share Analysis by Geography
- The automotive suspension market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive suspension market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive suspension market in these regions.
Automotive Suspension Market Report Scope
Automotive Suspension Market News and Recent Developments
The automotive suspension market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive suspension market are listed below:
- Hendrickson Truck Commercial Vehicle Systems, a global leader in lightweight axle and suspension technology, announced a suite of new products specifically catering to the rapidly growing electric vehicle market. SOFTEK, the front steer axle and suspension system featuring Hendrickson’s fabricated STEERTEK front steer axle, integrated with the front mechanical spring suspension and lightweight clamp group, has been scaled to accommodate the medium-duty last mile delivery market and still provides its trademark weight savings and ride quality. In addition to SOFTEK, Hendrickson’s exclusive Snake Spring technology has been incorporated into the rear suspension system for this platform and delivers additional weight savings and optimized ride and stability characteristics. (Source: Hendrickson USA, L.L.C., Company Website, May 2022)
Automotive Suspension Market Report Coverage and Deliverables
The “Automotive Suspension Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive suspension market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive suspension market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive suspension market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the automotive suspension market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global automotive suspension market is expected to grow at a CAGR of 7.4% during the forecast period 2023 - 2031.
The rapid technological advancement in the automotive sector is one of the major factors driving the automotive suspension market.
An increase in sales of high-end vehicles is anticipated to play a significant role in the global automotive suspension market in the coming years.
The leading players operating in the automotive suspension market are ANAND Group, Continental AG, Hendrickson USA, L.L.C., KYB Corporation, Magneti Marelli Parts & Services, NHK SPRING Co., Ltd., Parker Hannifin Corp, Rassini, and Sogefi SpA.
The report can be delivered in PDF/PPT format; we can also share an excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Suspension Market - By Vehicle Type
1.3.2 Automotive Suspension Market - By Component
1.3.3 Automotive Suspension Market - By Suspension Type
1.3.4 Automotive Suspension Market - By System Type
1.3.5 Automotive Suspension Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE SUSPENSION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE SUSPENSION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTOMOTIVE SUSPENSION MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE SUSPENSION - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE SUSPENSION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE SUSPENSION MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
7.1. OVERVIEW
7.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3. PASSENGER CAR
7.3.1. Overview
7.3.2. Passenger Car Market Forecast and Analysis
7.4. LIGHT COMMERCIAL VEHICLE
7.4.1. Overview
7.4.2. Light Commercial Vehicle Market Forecast and Analysis
7.5. HEAVY COMMERCIAL VEHICLE
7.5.1. Overview
7.5.2. Heavy Commercial Vehicle Market Forecast and Analysis
8. AUTOMOTIVE SUSPENSION MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
8.1. OVERVIEW
8.2. COMPONENT MARKET FORECASTS AND ANALYSIS
8.3. SPRING
8.3.1. Overview
8.3.2. Spring Market Forecast and Analysis
8.4. SHOCK DAMPENER
8.4.1. Overview
8.4.2. Shock Dampener Market Forecast and Analysis
8.5. STRUTS
8.5.1. Overview
8.5.2. Struts Market Forecast and Analysis
8.6. CONTROL ARMS
8.6.1. Overview
8.6.2. Control Arms Market Forecast and Analysis
8.7. BALL JOINT
8.7.1. Overview
8.7.2. Ball Joint Market Forecast and Analysis
8.8. LEAF SPRING AND AIR COMPRESSOR
8.8.1. Overview
8.8.2. Leaf Spring and Air Compressor Market Forecast and Analysis
9. AUTOMOTIVE SUSPENSION MARKET - REVENUE AND FORECASTS TO 2028 - SUSPENSION TYPE
9.1. OVERVIEW
9.2. SUSPENSION TYPE MARKET FORECASTS AND ANALYSIS
9.3. HYDRAULIC SUSPENSION
9.3.1. Overview
9.3.2. Hydraulic Suspension Market Forecast and Analysis
9.4. AIR SUSPENSION
9.4.1. Overview
9.4.2. Air Suspension Market Forecast and Analysis
9.5. LEAF SPRING SUSPENSION
9.5.1. Overview
9.5.2. Leaf Spring Suspension Market Forecast and Analysis
10. AUTOMOTIVE SUSPENSION MARKET - REVENUE AND FORECASTS TO 2028 - SYSTEM TYPE
10.1. OVERVIEW
10.2. SYSTEM TYPE MARKET FORECASTS AND ANALYSIS
10.3. PASSIVE SUSPENSION
10.3.1. Overview
10.3.2. Passive Suspension Market Forecast and Analysis
10.4. SEMI ACTIVE SUSPENSION
10.4.1. Overview
10.4.2. Semi Active Suspension Market Forecast and Analysis
10.5. ACTIVE SUSPENSION
10.5.1. Overview
10.5.2. Active Suspension Market Forecast and Analysis
11. AUTOMOTIVE SUSPENSION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Automotive Suspension Market Overview
11.1.2 North America Automotive Suspension Market Forecasts and Analysis
11.1.3 North America Automotive Suspension Market Forecasts and Analysis - By Vehicle Type
11.1.4 North America Automotive Suspension Market Forecasts and Analysis - By Component
11.1.5 North America Automotive Suspension Market Forecasts and Analysis - By Suspension Type
11.1.6 North America Automotive Suspension Market Forecasts and Analysis - By System Type
11.1.7 North America Automotive Suspension Market Forecasts and Analysis - By Countries
11.1.7.1 United States Automotive Suspension Market
11.1.7.1.1 United States Automotive Suspension Market by Vehicle Type
11.1.7.1.2 United States Automotive Suspension Market by Component
11.1.7.1.3 United States Automotive Suspension Market by Suspension Type
11.1.7.1.4 United States Automotive Suspension Market by System Type
11.1.7.2 Canada Automotive Suspension Market
11.1.7.2.1 Canada Automotive Suspension Market by Vehicle Type
11.1.7.2.2 Canada Automotive Suspension Market by Component
11.1.7.2.3 Canada Automotive Suspension Market by Suspension Type
11.1.7.2.4 Canada Automotive Suspension Market by System Type
11.1.7.3 Mexico Automotive Suspension Market
11.1.7.3.1 Mexico Automotive Suspension Market by Vehicle Type
11.1.7.3.2 Mexico Automotive Suspension Market by Component
11.1.7.3.3 Mexico Automotive Suspension Market by Suspension Type
11.1.7.3.4 Mexico Automotive Suspension Market by System Type
11.2. EUROPE
11.2.1 Europe Automotive Suspension Market Overview
11.2.2 Europe Automotive Suspension Market Forecasts and Analysis
11.2.3 Europe Automotive Suspension Market Forecasts and Analysis - By Vehicle Type
11.2.4 Europe Automotive Suspension Market Forecasts and Analysis - By Component
11.2.5 Europe Automotive Suspension Market Forecasts and Analysis - By Suspension Type
11.2.6 Europe Automotive Suspension Market Forecasts and Analysis - By System Type
11.2.7 Europe Automotive Suspension Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Automotive Suspension Market
11.2.7.1.1 Germany Automotive Suspension Market by Vehicle Type
11.2.7.1.2 Germany Automotive Suspension Market by Component
11.2.7.1.3 Germany Automotive Suspension Market by Suspension Type
11.2.7.1.4 Germany Automotive Suspension Market by System Type
11.2.7.2 France Automotive Suspension Market
11.2.7.2.1 France Automotive Suspension Market by Vehicle Type
11.2.7.2.2 France Automotive Suspension Market by Component
11.2.7.2.3 France Automotive Suspension Market by Suspension Type
11.2.7.2.4 France Automotive Suspension Market by System Type
11.2.7.3 Italy Automotive Suspension Market
11.2.7.3.1 Italy Automotive Suspension Market by Vehicle Type
11.2.7.3.2 Italy Automotive Suspension Market by Component
11.2.7.3.3 Italy Automotive Suspension Market by Suspension Type
11.2.7.3.4 Italy Automotive Suspension Market by System Type
11.2.7.4 United Kingdom Automotive Suspension Market
11.2.7.4.1 United Kingdom Automotive Suspension Market by Vehicle Type
11.2.7.4.2 United Kingdom Automotive Suspension Market by Component
11.2.7.4.3 United Kingdom Automotive Suspension Market by Suspension Type
11.2.7.4.4 United Kingdom Automotive Suspension Market by System Type
11.2.7.5 Russia Automotive Suspension Market
11.2.7.5.1 Russia Automotive Suspension Market by Vehicle Type
11.2.7.5.2 Russia Automotive Suspension Market by Component
11.2.7.5.3 Russia Automotive Suspension Market by Suspension Type
11.2.7.5.4 Russia Automotive Suspension Market by System Type
11.2.7.6 Rest of Europe Automotive Suspension Market
11.2.7.6.1 Rest of Europe Automotive Suspension Market by Vehicle Type
11.2.7.6.2 Rest of Europe Automotive Suspension Market by Component
11.2.7.6.3 Rest of Europe Automotive Suspension Market by Suspension Type
11.2.7.6.4 Rest of Europe Automotive Suspension Market by System Type
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Automotive Suspension Market Overview
11.3.2 Asia-Pacific Automotive Suspension Market Forecasts and Analysis
11.3.3 Asia-Pacific Automotive Suspension Market Forecasts and Analysis - By Vehicle Type
11.3.4 Asia-Pacific Automotive Suspension Market Forecasts and Analysis - By Component
11.3.5 Asia-Pacific Automotive Suspension Market Forecasts and Analysis - By Suspension Type
11.3.6 Asia-Pacific Automotive Suspension Market Forecasts and Analysis - By System Type
11.3.7 Asia-Pacific Automotive Suspension Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Automotive Suspension Market
11.3.7.1.1 Australia Automotive Suspension Market by Vehicle Type
11.3.7.1.2 Australia Automotive Suspension Market by Component
11.3.7.1.3 Australia Automotive Suspension Market by Suspension Type
11.3.7.1.4 Australia Automotive Suspension Market by System Type
11.3.7.2 China Automotive Suspension Market
11.3.7.2.1 China Automotive Suspension Market by Vehicle Type
11.3.7.2.2 China Automotive Suspension Market by Component
11.3.7.2.3 China Automotive Suspension Market by Suspension Type
11.3.7.2.4 China Automotive Suspension Market by System Type
11.3.7.3 India Automotive Suspension Market
11.3.7.3.1 India Automotive Suspension Market by Vehicle Type
11.3.7.3.2 India Automotive Suspension Market by Component
11.3.7.3.3 India Automotive Suspension Market by Suspension Type
11.3.7.3.4 India Automotive Suspension Market by System Type
11.3.7.4 Japan Automotive Suspension Market
11.3.7.4.1 Japan Automotive Suspension Market by Vehicle Type
11.3.7.4.2 Japan Automotive Suspension Market by Component
11.3.7.4.3 Japan Automotive Suspension Market by Suspension Type
11.3.7.4.4 Japan Automotive Suspension Market by System Type
11.3.7.5 South Korea Automotive Suspension Market
11.3.7.5.1 South Korea Automotive Suspension Market by Vehicle Type
11.3.7.5.2 South Korea Automotive Suspension Market by Component
11.3.7.5.3 South Korea Automotive Suspension Market by Suspension Type
11.3.7.5.4 South Korea Automotive Suspension Market by System Type
11.3.7.6 Rest of Asia-Pacific Automotive Suspension Market
11.3.7.6.1 Rest of Asia-Pacific Automotive Suspension Market by Vehicle Type
11.3.7.6.2 Rest of Asia-Pacific Automotive Suspension Market by Component
11.3.7.6.3 Rest of Asia-Pacific Automotive Suspension Market by Suspension Type
11.3.7.6.4 Rest of Asia-Pacific Automotive Suspension Market by System Type
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Automotive Suspension Market Overview
11.4.2 Middle East and Africa Automotive Suspension Market Forecasts and Analysis
11.4.3 Middle East and Africa Automotive Suspension Market Forecasts and Analysis - By Vehicle Type
11.4.4 Middle East and Africa Automotive Suspension Market Forecasts and Analysis - By Component
11.4.5 Middle East and Africa Automotive Suspension Market Forecasts and Analysis - By Suspension Type
11.4.6 Middle East and Africa Automotive Suspension Market Forecasts and Analysis - By System Type
11.4.7 Middle East and Africa Automotive Suspension Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Automotive Suspension Market
11.4.7.1.1 South Africa Automotive Suspension Market by Vehicle Type
11.4.7.1.2 South Africa Automotive Suspension Market by Component
11.4.7.1.3 South Africa Automotive Suspension Market by Suspension Type
11.4.7.1.4 South Africa Automotive Suspension Market by System Type
11.4.7.2 Saudi Arabia Automotive Suspension Market
11.4.7.2.1 Saudi Arabia Automotive Suspension Market by Vehicle Type
11.4.7.2.2 Saudi Arabia Automotive Suspension Market by Component
11.4.7.2.3 Saudi Arabia Automotive Suspension Market by Suspension Type
11.4.7.2.4 Saudi Arabia Automotive Suspension Market by System Type
11.4.7.3 U.A.E Automotive Suspension Market
11.4.7.3.1 U.A.E Automotive Suspension Market by Vehicle Type
11.4.7.3.2 U.A.E Automotive Suspension Market by Component
11.4.7.3.3 U.A.E Automotive Suspension Market by Suspension Type
11.4.7.3.4 U.A.E Automotive Suspension Market by System Type
11.4.7.4 Rest of Middle East and Africa Automotive Suspension Market
11.4.7.4.1 Rest of Middle East and Africa Automotive Suspension Market by Vehicle Type
11.4.7.4.2 Rest of Middle East and Africa Automotive Suspension Market by Component
11.4.7.4.3 Rest of Middle East and Africa Automotive Suspension Market by Suspension Type
11.4.7.4.4 Rest of Middle East and Africa Automotive Suspension Market by System Type
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Automotive Suspension Market Overview
11.5.2 South and Central America Automotive Suspension Market Forecasts and Analysis
11.5.3 South and Central America Automotive Suspension Market Forecasts and Analysis - By Vehicle Type
11.5.4 South and Central America Automotive Suspension Market Forecasts and Analysis - By Component
11.5.5 South and Central America Automotive Suspension Market Forecasts and Analysis - By Suspension Type
11.5.6 South and Central America Automotive Suspension Market Forecasts and Analysis - By System Type
11.5.7 South and Central America Automotive Suspension Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Automotive Suspension Market
11.5.7.1.1 Brazil Automotive Suspension Market by Vehicle Type
11.5.7.1.2 Brazil Automotive Suspension Market by Component
11.5.7.1.3 Brazil Automotive Suspension Market by Suspension Type
11.5.7.1.4 Brazil Automotive Suspension Market by System Type
11.5.7.2 Argentina Automotive Suspension Market
11.5.7.2.1 Argentina Automotive Suspension Market by Vehicle Type
11.5.7.2.2 Argentina Automotive Suspension Market by Component
11.5.7.2.3 Argentina Automotive Suspension Market by Suspension Type
11.5.7.2.4 Argentina Automotive Suspension Market by System Type
11.5.7.3 Rest of South and Central America Automotive Suspension Market
11.5.7.3.1 Rest of South and Central America Automotive Suspension Market by Vehicle Type
11.5.7.3.2 Rest of South and Central America Automotive Suspension Market by Component
11.5.7.3.3 Rest of South and Central America Automotive Suspension Market by Suspension Type
11.5.7.3.4 Rest of South and Central America Automotive Suspension Market by System Type
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. AUTOMOTIVE SUSPENSION MARKET, KEY COMPANY PROFILES
13.1. ANAND GROUP
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. CONTINENTAL AG
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. HENDRICKSON USA, L.L.C.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. KYB CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MAGNETI MARELLI PARTS AND SERVICES
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. NHK SPRING CO.,LTD.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. PARKER HANNIFIN CORP
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. RASSINI
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SOGEFI SPA
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WABCO
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. ANAND Group
2. Continental AG
3. Hendrickson USA, L.L.C.
4. KYB Corporation
5. MAGNETI MARELLI PARTS and SERVICES
6. NHK SPRING Co.,Ltd.
7. Parker Hannifin Corp
8. Rassini
9. Sogefi SpA
10. WABCO
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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