Automotive Suspension Systems Market Report 2026

The automotive suspension systems market size has grown steadily in recent years. It will grow from $66.83 billion in 2025 to $69.69 billion in 2026 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to automotive production growth, suspension standardization, demand for ride comfort, expansion of commercial vehicles, chassis system evolution.

The automotive suspension systems market size is expected to see steady growth in the next few years. It will grow to $82.98 billion in 2030 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to electric vehicle weight management, autonomous vehicle stability needs, smart suspension adoption, premium vehicle growth, advanced materials usage. Major trends in the forecast period include shift toward active and semi-active suspensions, adoption of lightweight suspension components, integration of electronic damping systems, demand for ride comfort optimization, growth in electric vehicle platforms.

The growing demand for motor vehicles is expected to drive the growth of the automotive suspension systems market going forward. Automotive suspension systems are mechanical assemblies that support vehicle weight, absorb shocks from uneven road surfaces, and enhance ride comfort, handling, and stability. Demand for motor vehicles is increasing as consumers increasingly favor vehicles that provide smooth rides, improved safety, and superior driving performance. Automotive suspension systems contribute to vehicle efficiency by reducing wear on tires and other components while improving passenger comfort and driving control. For instance, in August 2024, according to the European Automobile Manufacturers' Association, a Belgium-based organization, seven months into 2024, new car registrations increased by 3.9%, surpassing 6.5 million units. Major markets within the bloc recorded positive but moderate growth, including Spain (5.6%), Italy (5.2%), Germany (4.3%), and France (2.2%). Therefore, the rising demand for vehicles worldwide is expected to drive the growth of the automotive suspension systems market.

Key companies in the automotive suspension systems market are concentrating on creating technologically advanced products, such as mechanical suspensions, to enhance ride comfort and improve vehicle stability. Mechanical suspensions are systems within vehicles that utilize mechanical components like springs and shock absorbers to bear the vehicle's weight, absorb shocks from the road, and enhance both comfort and stability. For example, in July 2023, Hendrickson, a US-based suspension manufacturer, introduced the TA 14 heavy-duty air suspension and the MS 16 heavy-duty mechanical suspension. The TA 14 heavy-duty air suspension is specifically designed for Indian conditions, offering Top and Low Mount variants to provide customers with various options tailored to their application needs. On the other hand, the MS 16 heavy-duty mechanical suspension, which has a 16T capacity rating, is suitable for both on-road and off-road applications, delivering improved load-carrying capabilities and performance. It is available in tandem and tridem configurations and features a robust leaf spring assembly that uses locally manufactured, high-quality components, including thicker side plates for equalisers and durable polyurethane bushes in the torque arm, ensuring lower maintenance costs, minimized downtime, and enhanced operational efficiency.

In January 2023, RENK Group, a Germany-based provider of drive solutions, acquired General Kinetics for an undisclosed sum. This acquisition enables the newly formed entity to enhance its mobility solutions and capitalize on RENK's extensive presence in the US, Europe, and worldwide, thereby offering a comprehensive range of suspension and vibration mitigation products. General Kinetics is a USA-based manufacturer specializing in automotive suspension systems.

Major companies operating in the automotive suspension systems market report include Continental AG, ZF Friedrichshafen AG, Tenneco Inc., KYB Corporation, Hitachi Astemo Americas Inc., Mando Corporation, BeijingWest Industries International Limited, Multimatic Inc., Sogefi SpA, Eibach GmbH, KW automotive GmbH, Koni BV, Öhlins Racing AB, TEIN Inc., Gabriel India Limited, thyssenkrupp Automotive Technology, Hyundai Mobis Co. Ltd., LORD Corporation, Magneti Marelli SpA, Hendrickson USA LLC, Muhr und Bender KG (Mubea), Benteler Automotive, Fox Factory Holding Corp.

Asia-Pacific was the largest region in the automotive suspension systems market in 2025. The regions covered in the automotive suspension systems market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive suspension systems market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive suspension systems market consists of sales of multi-link suspension, rigid axle suspension, independent suspension, and rigid suspension. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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