The passenger vehicles industry segment is projected to maintain its lead due to increase in sales of vehicles and advent of new technology. Moreover, the sale of advance suspension systems in the two-wheeler industry has increased, owing to stringent safety laws, lightweight components, low costs, and increase in disposable income. Likewise, increase in demand for safe and light weight suspension technologies in commercial vehicles in the developed economies of North America have boosted the market growth.

Asia-Pacific generated the maximum revenue in 2015, and is expected to maintain its dominance till 2022. This is attributed to the increase in public demand for more luxury & comfort in the vehicles, rise in sales, and enforcement of laws & regulations by government authorities. Moreover, rise in disposable income of public propelled the growth of the Asia-Pacific automobile suspension market.

Asia-Pacific is projected to be the fastest growing region throughout the analysis period. China is expected to dominate this region in terms of sales of passenger cars. This is attributed to the implementation of stringent vehicular safety norms, rise in awareness of safe and comfortable vehicles, and growth in buying power of consumers in the emerging markets such as India, Malaysia, and China to adopt advance automotive suspension technologies. Rise in demand for lightweight suspension system and development of advanced suspension systems for two wheelers offer lucrative opportunities to the players in the automotive suspension market.

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