Automotive Suspension System includes spring, shock absorbers, struts, control arms, and ball joints, which is used to join the vehicle to the wheel and simultaneously enables relative motion among the two. To build suspension geometry type and system will be used which is based on the camber of the wheel, castor of the hub, tor of the vehicle, and king pin inclination of the control arms. The net market of the Chinese automotive suspension systems estimated to $XX billion in 2017 and forecasts to $XX billion in 2023 with a CAGR of $XX% between 2017 and 2023.
Growing innovation of new directions of motions in “suspension systems” is increasing the demand for Chinese Automotive Suspension Systems globally. The raising in the demand for safety journey of passengers is one of the key factors driving the Chinese Automotive Suspension Systems. Chinese Automotive Suspension Systems can be categorized into directions of motions, shoe stress, channel, vehicle type, and geography. The market for advanced cruise control systems in various regions through its sensors such as, infrared sensors, laser sensors and others had been mentioned in the report.
The market for “Chinese Automotive Suspension Systems” is segmented on regions into Asia-China. Competitive landscape for industry and market players are profiled with attributes of company overview, business strategies and product portfolio.
Sample Companies profiled in the report are:
- ZF Friedrichshafen AG
- Mando Corp.
- Beijing West Industries (BWI) Group
These companies hold the substantial share owing to the fragmented and grey nature of the industry whereas rest of the market shares are original chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust image, geographical reach and strong customer base.