How big is the automotive suspension market | Global Forecast & Trends

Q: How big is the automotive suspension market?

The automotive suspension market is valued at approximately USD 56.7 billion in 2024.

Q: What is the CAGR rate of the automotive suspension market during the forecast period?

The automotive suspension market is projected to grow at a CAGR of 5.5% between 2024 and 2031.

Q: What types of suspension systems are driving market growth?

Hydraulic, air, semi-active, and active suspension systems are key contributors to market expansion.

Q: What are the main challenges in the suspension market?

High costs of electronic suspension systems and integration complexities in lower-end vehicles pose challenges.

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Code: MTA5241

Publication Date: Jul 2025

How big is the automotive suspension market?

According to 6Wresearch internal database and industry insights, Global automotive suspension market was valued at approximatelyUSD 56.7 billion in 2024 and is projected to reachUSD 82.5 billion by 2031, expanding at aCAGR of 5.5% during the forecast period.

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This growth is driven by increasing production of passenger and commercial vehicles, growing consumer demand for enhanced ride comfort, and rising adoption of advanced suspension technologies. Active and semi-active suspension systems are gaining traction in premium and electric vehicles, further fueling market expansion.

Key Growth Factors of the Automotive Suspension Market

Rising demand for enhanced ride quality and handling
Increasing vehicle production across emerging economies
Technological advancements in air and adaptive suspensions
Growing popularity of electric and autonomous vehicles
Expansion of off-road and performance vehicle segments
Government regulations on vehicle safety and load control

Automotive Suspension Market Trends

Active and electronically controlled suspension systems are seeing increased adoption, especially in luxury and high-performance vehicles. OEMs are integrating lightweight suspension materials like aluminum to improve fuel efficiency. Asia-Pacific dominates production, while Europe focuses on innovation. Air suspensions are becoming standard in commercial and long-haul applications.

Emerging Developments in the Automotive Suspension Market

Smart suspension systems integrated with sensors and AI are improving vehicle dynamics and passenger comfort. Electrically actuated suspension components are replacing hydraulic systems. Modular suspension platforms are enabling design flexibility across vehicle models. Research into regenerative suspension systems is gaining momentum.