Global Automotive Suspension Market is expected to reach $284 billion by 2022, growing at a CAGR of 4.9% during the forecast period, according to new research published by Allied Market Research. The passenger vehicle segment is estimated to dominate the market from 2016 to 2022. Asia-Pacific dominated the global market accounting for a market share of around 37% in 2015.

Technological advancements, rise in production of vehicles, and increase in demand for luxury & comfort drive this market. Moreover, rise in demand for lightweight suspension system and development of advanced suspension system for two wheelers are expected to boost the market growth. However, continuous strength of global vehicle standards and high maintenance cost of advanced suspension systems could hamper the market growth.

A suspension system is a mechanism that physically separates the car body from its wheels. It includes spring, dampener, and various links, in which the spring stores potential, and kinetic energy while dampener dissipates the energy. The sale of electric, hybrid, and conventional vehicles has witnessed a global upsurge. The market share of automotive suspension technologies is expected to increase. In addition, the adoption of air suspension and electro-magnetic suspension has significantly increased in the automotive industry. Technological advancement of this system is expected to boost the market growth in untapped markets of LAMEA and Asia-Pacific.

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