Asia Pacific Automotive Suspension Systems Market To Reach $33.4 Billion By 2030

Asia Pacific Automotive Suspension Systems Market Growth & Trends

The Asia Pacific automotive suspension system market size is estimated to reach USD 33.47 billion by 2030, expanding at a CAGR of 3.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. Automotive suspension systems are witnessing tremendous upsurge in the demand in the region owing to growing consciousness regarding vehicle safety and increasing sales of luxury vehicles. These systems play a vital role in keeping vehicle tires in contact with the road.

Failure or poor functioning of suspension systems can pose a threat to passengers and drivers, even well-trained ones. Such failures occur due to negligence of driver, equipment failure, inadequate road maintenance, or poor road construction. Suspension systems are used in passenger vehicles, light commercial vehicles, and heavy-duty commercial vehicles. They promote even and balanced tire and brake wear, maintain wheel alignment, and absorb sudden road shocks. These factors are estimated to drive the growth of the automotive suspension systems market in the region.

Continuous strengthening of global vehicle standards is the major constraint hampering the growth of the market. Frequent updates in vehicle safety standards and increasing need for passenger safety may affect the production of vehicles. Prominent automakers are implementing lightweight suspension solutions to meet requirements of buyers and abide by environmental standards. Moreover, implementation of lightweight solutions is easy for established market players whereas, new entrants may find it difficult to implement as lightweight suspension solutions are high in cost. Prominent vendors in the market include Continental AG; Tenneco Inc.; F-TECH INC.; WABCO Holdings.; and Multimatic Inc.

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Asia Pacific Automotive Suspension Systems Market Report Highlights

• Increasing demand for passenger vehicles and luxury vehicles will drive the market in the region over the forecast period

• The passenger vehicles segment dominated the Asia Pacific automotive suspension system industry with a revenue share of 86.3% in 2024.

• The independent suspension segment held the largest revenue share of the Asia Pacific automotive suspension system industry in 2024.

• The electromagnetic damping type segment is projected to post the highest CAGR over the forecast period, followed by air suspension damping type

• On the basis of components, the ball joint segment is estimated to progress at the highest CAGR over the forecast period

• Prominent players in the market include ContiTech Deutschland GmbH; Tenneco Inc.; F-TECH INC.; KYB Corporation; and ZF Friedrichshafen AG.

Asia Pacific Automotive Suspension Systems Market Segmentation

Grand View Research has segmented the Asia Pacific automotive suspension systems market report based on system type, component type, vehicle type, damping type, and region:

APAC Automotive Suspension System Vehicle Outlook (Revenue, USD Million, 2018 - 2030)

• Passenger Vehicles

• Commercial Vehicles

  • Light Commercial Vehicles

  • Heavy Commercial Vehicles

APAC Automotive Suspension System Outlook (Revenue, USD Million, 2018 - 2030)

• Independent Suspension

• Dependent (Rigid) Suspension

APAC Automotive Suspension System Damping Outlook (Revenue, USD Million, 2018 - 2030)

• Hydraulic Damping

• Air Suspension

• Electromagnetic Damping

• Others

APAC Automotive Suspension System Component Outlook (Revenue, USD Million, 2018 - 2030)

• Springs

• Control Arms

• Shock Absorber/Dampener

• Ball Joints

• Others

APAC Automotive Suspension System Country Outlook (Revenue, USD Million, 2018 - 2030)

• China

• India

• Japan

• South Korea

• Malaysia

List of Key Players in Asia Pacific Automotive Suspension Systems Market

• ContiTech Deutschland GmbH

• KYB Corporation

• Tenneco Inc.

• HL Mando Corp.

• F-TECH INC.

• ZF Friedrichshafen AG

• Marelli Holdings Co., Ltd.

• thyssenkrupp AG

• Rassini

• Sogefi SpA

• NHK SPRING Co., Ltd.

• Multimatic Inc.