The Suspension Tuning industry's essential commercial information and a wide geographic distribution were analysed to develop Emergen Research's Global Suspension Tuning Market Research Report. The study offers thorough coverage of the qualitative and quantitative analysis of the Suspension Tuning Market, as well as important statistical information about the market. The research study provides up-to-date projections through 2022 as well as historical data from 2018 to 2019. The research also analyses well-known and up-and-coming market participants, giving a general description of the firm, its product line, business partnerships, and expansion plans.

According to the most recent analysis by Emergen Research, the global market for suspension tuning was valued at USD 42.90 billion in 2021 and is predicted to grow at a 3.1% CAGR in terms of revenue. The key drivers of the market revenue growth are the quick advancements in the technologies used in current vehicles and the sizeable expenditures made by major market players.

In order to increase the performance of a vehicle's suspension system, different internal components must be modified. This labor-intensive process is known as suspension tuning. For instance, off-road vehicles are usually modified with longer suspension and bigger tyres to travel more comfortably over obstacles. On the other hand, low-riders usually use hydraulic suspensions that make it possible to easily change the height of each wheel. Another approach to adjust a car's suspension for improved balance is by installing stiffer and sway bars, which function like stiffer springs to improve cornering and handling. Strut bars may also be included to increase body stiffness and help maintain proper suspension when cornering. The suspension can also be further customised by modifying the front and back axles independently.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Continental AG, FOX Factory, Inc., ANAND Group India, Hendrickson USA, L.L.C., KYB Corporation, Mando Corporation, Sogefi SpA, Tenneco Inc., ZF Friedrichshafen, Duroshox, Hitachi Astemo Americas, Inc., and Marelli Holdings Co., Ltd

Target Audience of the Global Suspension Tuning Market Report:

• Key Market Players
• Investors
• Venture capitalists
• Small- and medium-sized and large enterprises
• Third-party knowledge providers
• Value-Added Resellers (VARs)
• Global market producers, distributors, traders, and suppliers
• Research organizations, consulting companies, and various alliances interested in this sector
• Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Suspension Tuning Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Suspension Tuning market on the basis of product, application, and region:

Segments Covered in this report are:

• Architecture Outlook (Revenue, USD Billion; 2019-2030)
  • Double Wishbone Suspension
  • Multi-Link Suspension
  • Rigid Axle Suspension
  • Macpherson Suspension
  • Air Suspension
  • Others

• Component Outlook (Revenue, USD Billion; 2019-2030)
  • Spring
  • Shock Absorber
  • Strut
  • Control Arm
  • Rubber Bushing
  • Leaf Spring
  • Sway Bar
  • Ball Joint

• Vehicle Type Outlook (Revenue, USD Billion; 2019-2030)
  • Luxury Cars
  • Commercial Vehicles
  • Sports Cars
  • Passenger Vehicles

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Some Key Highlights From the Report

• The air suspension segment accounted for a significant revenue share in 2021. Increasing demand for suspension systems that aid in providing added stability, particularly during heavy-duty driving, is a key factor driving growth in this segment. In addition, increasing demand for air suspension can be attributed to its ability to reduce harshness and vibration. Furthermore, air suspension systems compensate for road potholes, uneven surfaces, and speed bumps by allowing vehicles to glide easily over the road surface.
• The shock absorber segment accounted for a significant revenue share in 2021. Increasing consumer demand for electric and self-driving vehicles in various regions is a key factor driving this segment's growth. Electric vehicles are powered and accelerated by renewable energy sources. As a result, Original Equipment Manufacturers (OEMs) are investing heavily in shock absorbing technologies that aid in converting kinetic energy and heat generated by conventional shock absorbers and effectively converting it into electricity. This improves vehicle's performance while also increasing its mileage. Furthermore, rising demand for shock absorbers can be attributed to various cost-effective products offered by aftermarket providers. Factory shock absorbers are typically set up for stock ride height, which can be an issue when taking vehicles off-road. However, aftermarket shock absorbers give users more wiggle room when cruising over rocks and trees.
• The commercial vehicles segment accounted for a moderate revenue share in 2021. Rising partnerships and greater emphasis on optimizing vehicle performance are important factors driving this segment's revenue growth. Commercial vehicles are an essential part of today's transportation network, accounting for vast majority of freight transport worldwide. As a result, demand for improved ride comfort and safety in these vehicles is critical. In addition, major automotive manufacturers are making significant investments to improve vehicle stability. Moreover, OEMs are focusing on developing suspension parts that are more reliable and last longer.
• The aftermarket segment accounted for a moderate revenue share in 2021. Increasing demand for low-cost suspension system components is a major factor driving this segment's revenue growth. For example, suspension components, such as shock absorbers, are in high demand. In any driving situation, aftermarket shock absorbers improve handling at high speeds. In addition, majority of shock absorbers in the market are adjustable. As a result, user can tune according to their preferences. Moreover, high-quality aftermarket shocks may be more durable than stock shocks.
• The Europe market accounted for second-largest revenue share in 2021. Stringent vehicle safety regulations enacted by governments in various countries is a crucial factor driving market growth in this region. Suspension tuning excels in improving vehicle safety and enables drivers as well as passengers to enjoy the ride more comfortably. Germany accounted for largest regional share due to increasing prevalence of prominent automotive manufacturers such as Audi, BMW, Mercedes, and others. These manufacturers are increasingly incorporating high-performance and advanced suspension systems to improve their vehicle performance and also offer their prospective consumers various customization options.

Additional information offered by the report:

• Along with a complete overview of the global Suspension Tuning market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
• The report elaborates on the global Suspension Tuning market size and share governed by the major geographies.
• It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
• It further presents a detailed description of the company profiles of the key market contenders.

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