Report Feature
In this market, various manufacturing technologies such as high performance process, inductive quenching, tempering, cold-forming, shot peening, compression molding, HP-RTM, and prepreg layup are used. Increasing vehicle production, growing need for improved ride quality, and the rising demand for advanced safety & convenience systems are creating new opportunities for various automotive suspension technologies.
Some of the latest technological developments by various countries in the automotive suspension market are as follows:
- United States: Targeting the heavy-duty truck market, Tenneco, a US-based automotive components company, announced the successful testing of its electronically adjustable air suspension system using advanced sensor technology. This semi-active system allows for real-time adjustments to optimize ride height and handling for better fuel efficiency and driver control. This development aligns with growing US government regulations for improved fuel economy in commercial vehicles.
- Germany: Continental AG, a major automotive parts supplier, announced plans to invest €50 million in a new facility for mass production of composite leaf springs using HP-RTM (High-Pressure Resin Transfer Molding). This technology offers lighter weight and improved ride comfort compared to traditional steel leaf springs, targeting the growing demand for fuel efficiency and comfort in SUVs and light trucks.
- Japan: KYB Corporation partnered with a local startup focusing on advanced materials. The collaboration aims to develop new prepreg materials (pre-impregnated composites) for MacPherson struts used in passenger cars. This technology promises a significant reduction in weight while maintaining structural integrity, aligning with Japan's government push for sustainable and lightweight car manufacturing.
- South Korea: Hyundai and Kia Motors announced a joint target to utilize compression-molded composite components for suspension systems in at least 30% of their new EV models by 2027. This focus on lighter weight components aligns with the need for increased range and efficiency in EVs.
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global automotive suspension technology by manufacturing technology, end use, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Trends and Forecasts by Manufacturing Technology [$M shipment analysis from 2018 to 2030]:
- Compression Molding
- HP-RTM
- Prepreg Layup
Technology Trends and Forecasts by Application [$M shipment analysis from 2018 to 2030]:
-
Passenger Car
- Compression Molding
- HP-RTM
- Prepreg Layup
-
Light Commercial Vehicle
- Compression Molding
- HP-RTM
- Prepreg Layup
-
Heavy Commercial Vehicle
- Compression Molding
- HP-RTM
- Prepreg Layup
Technology Trends and Forecasts by Region [$M shipment analysis for 2018 to 2030]:
-
North America
- United States
- Canada
- Mexico
-
Europe
- United Kingdom
- Germany
- France
-
Asia Pacific
- Japan
- China
- South Korea
- India
- The Rest of the World
Latest Developments and Innovations in the Automotive Suspension Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
Some of the automotive suspension companies profiled in this report include Continental, ThyssenKrupp Bilstein, Infineon Technologies, BWI Group, Mando, and Lord.
Below are the latest technological developments from top companies in the automotive suspension market:
- Farley Industries invested $20 million in a new compression molding facility dedicated to high-volume production of composite suspension components for electric vehicles (EVs)
- AAM (American Axle & Manufacturing) announced plans to increase capacity for compression-molded suspension components at their Kentucky plant to meet growing demand from the light truck market.
- SGL Carbon acquired a specialist manufacturer of HP-RTM equipment, strengthening their position in the growing market for advanced composite suspension components.
- BASF launched a new range of HP-RTM resins with improved fire resistance properties, targeting safety-critical suspension applications in commercial vehicles.
- Toray Industries announced a significant expansion of their prepreg production capacity to meet the rising demand for lightweight composite suspension components in luxury and performance vehicles.
- Mitsubishi Chemical teamed up with a European car manufacturer to develop a new prepreg-based suspension system for a future electric vehicle model.
Q.1 What are some of the most promising and high-growth technology opportunities for the automotive suspension market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in automotive suspension market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in automotive suspension market?
Q.6 What are the latest developments in automotive lighting technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this automotive suspension market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this automotive suspension technology space?
Table of Contents
Methodology
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
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